Questions tagged [academic-graduate]
Expert level questions which do not arise prior to graduate studies in economics.
8
questions
11
votes
2
answers
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Inflation and economic growth
Noticeable works about the impact of inflation on economic growth are dated back to the 90s.
For example, Barro (1995):
the impact effects from an increase in average inflation by 10 percentage ...
- 1,587
15
votes
1
answer
567
views
Stochastic growth in continuous time
Literature: See Chang (1988) for theoretical part and Achdou et
al. (2015) for numerical part respectively.
Model
Consider the following stochastic optimal growth problem in per capita notation.
\...
- 1,559
11
votes
3
answers
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Does risk aversion cause diminishing marginal utility, or vice versa?
Let $A$ be the set of possible states of the world, or possible preferences a person could have. Let $G(A)$ be the set of "gambles" or "lotteries", i.e. the set of probability distributions over $A$. ...
8
votes
1
answer
245
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Splittet Value Function and Hamilton-Jacobi-Bellman equation
General Problem
Let $k\in\mathbb{R}_+$ be the state variable, $k=k^*$ a fixed point (saddle) and $v(k)$ a value function. The problem is, that the value function has two distinct functional forms, ...
- 1,559
4
votes
1
answer
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Why does $\varepsilon_{x,p_x}^H =-s_y \sigma $?
Suppose I have two goods $x$ and $y$ and their associated prices $p_x$ and $p_y$. Income $m$. $x^H$ is Hicksian demand and $x^M$ is Marshallian demand.
Slutsky Equation:
$$\frac{\partial x^M}{\...
- 3,454
3
votes
2
answers
635
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Does there always exist a consumption bundle at which the indirect utility function is the inverse of the expenditure function?
Two questions:
Given $v(\vec{p},m)$ and $e(\vec{p},\bar{U})$, is there only a single point at which these are inverses of each other?
Does an inverse always exist for a given price vector $\vec{p}$,...
- 3,454
1
vote
1
answer
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What are some applications of Real Analysis in Graduate Economics?
I am interested as to what areas of masters/PhD coursework that learning the fundamentals of Real Analysis would be beneficial for?
I am aware of its applications in Econometrics proofs and analysis, ...
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1
vote
1
answer
64
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How to derive formula for marginal probability of choosing nest in nested logit model?
I am trying to understand all the details of the nested logit and what confuses me is the formula for marginal probability of choosing the nest. In more details: the joint probability of individual n ...
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