All Questions
Tagged with macroeconomics reference-request
108 questions
2
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0
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38
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Academic literature on effects of the digital divide on innovation
I work in research on both the digital divide and on the economics of innovation. Could someone please recommend some academic literature of the effects of the former on the latter?
To give you an ...
2
votes
1
answer
156
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Resources for a Deep Dive into the New Keynesian / DSGE models
I would like to deep dive into new Keynesian models and DSGE models. Do you know comprehensive resources that cover both the mathematical and economic requirements?
1
vote
0
answers
32
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Good tutorial on constrained optimization with state switching (macroeconomics)?
I am looking for some tutorial (website, book, video or even answer that explains it directly) that explains how to solve dynamic constrained optimization problem with state switching. Preferably the ...
- 464
4
votes
1
answer
144
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What is the net effect of organized crime on the economy of Italy?
In connection to this question are there any empirical estimates of the effect of organized crime on economy of Italy? I am looking for some net effect.
- 464
3
votes
1
answer
97
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Economic models that are useful to understand macroeconomics
I started to study economics. Since I majored in Mathematics, I'd like to learn the principles of macroeconomics through the analysis of a simple economic models (using equations). That's why I ...
- 131
1
vote
0
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37
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Ricardo Reis and S&D decompositions of inflation
In this presentation at around 21:20, Ricardo Reis discusses a two-sector New Keynesian model to explain that the supply and demand decompositions of inflation by Adam Shapiro as not as informative as ...
1
vote
4
answers
210
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Textbook Recommendation for IS-LM AS-AD Models
I am currently taking an intro to macroeconomics class, and I am looking for undergraduate level study material to understand the IS-LM model and its interactions with the AS-AD model. Can you give me ...
- 11
3
votes
0
answers
17
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Is there good primer for distributional macroeconomics?
Distributional macroeconomics (for example; works of Ben Moll) seems to be more and more popular these days.
Is there any good primer for student that wants to try to get into this new field? I am ...
- 464
3
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0
answers
165
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Mathematical Prerequisites for Recursive Macroeconomic Theory (Thomas J Sargent, Lars Ljungqvist)
I'm a math grad who is interested in learning more about economics for fun.
Reading through RMT, I saw some interesting math (in chapter 2) around using "invariant functions" to determine ...
- 155
5
votes
2
answers
141
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What was the original paper that showed that estimates of risk aversion from micro and macro are inconsistent?
One of the well known paradoxes in macroeconomics is that estimates of risk aversion from experimental micro data do not match the ones estimated from macro data.
I know there was an important paper ...
- 2,819
3
votes
2
answers
402
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Are there common alternative models of economic growth, compared to Solow's model
I have been looking at the Solow growth model for many years, but after reading
some of the Complexity Economics stuff, the Solow's model does seem way too
simple for modelling important real world ...
- 385
1
vote
1
answer
40
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Monetary and fiscal policies: problem and solution approach
Can the community recommend resources about macroeconomics / public finance that (roughly) follow the following design:
Here's a macroeconomics / public finance economic problem (description, ...
- 203
3
votes
2
answers
331
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Recursive Macroeconomics - Practice Questions
I am looking for practice questions on recursive macroeconomics that focus on the following:
Defining Competitive equilibriums (Arrow Debreu, Sequential Market, Recursive Competitive) for different ...
- 977
2
votes
1
answer
150
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What are the major flaws of the RBC model and how does the New Keynesian model address them?
Looking for a generic answer to this question and potentially literature etc. that will help me study this question. Thanks in advance.
- 21
-1
votes
1
answer
32
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Interaction of redistributive taxes, monetary policy and the growth rate
While studying macroeconomics, interaction with taxes are not seen to importantly. I am though interested in an interaction with redistributive taxes (such as the income or the inheritance tax rate), ...
- 106
7
votes
2
answers
191
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Are there any behavioral macro models with rigorous micro-foundations?
I am looking for some paper that tries to establish rigorous micro-foundations the behavioral New Keynesian (or any other) macro models.
This is surprisingly hard, most work on this topic (like De ...
- 58.5k
2
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0
answers
70
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Easy introduction to Markov processes and dynamic programming [closed]
I am taking advanced macro course in Fall. Could you please advise me a simple introduction to Markov processes and dynamic programming? I mean easy. Thanks!
- 113
1
vote
1
answer
71
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Does this model of housing economy have a name, and if so, what are the common critiques?
I've been thinking about housing and the problem of rent recently and I came up with a simple idea that I'd like to explore further: what if renting a property transferred some ownership over time? ...
5
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0
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56
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Controversy surrounding the Fiscal Theory of the Price Level (FTPL)
I recently started reading a draft of John Cochrane's book on the Fiscal Theory of the Price Level. In the preface he states that the "[...] theoretical controversies are over." However, ...
- 183
3
votes
1
answer
997
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Is there Modern Translation Book for Wealth of Nations?
Is there a New/Modern English Translation of Adam Smith "Wealth of Nations"? I cannot locate any online, it is a great read, just trying to understand it better.
The old/classical style of ...
- 97
3
votes
1
answer
68
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About the 9 tests on Index number theory to evaluate the efficency of the different types of price indexes
Correct me if I'm wrong, I've seen a section in Wikipedia about Index number theory and I've understand it as "if an index x (Laspeyres, Paasche, etc.) satisfies all of this test, then it's 100% ...
- 215
3
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0
answers
54
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Alternative ways of visualizing longitudinal macro data?
Problem: Visualizing longitudinal is challenging when the dataset has large number of panel members. A common ways to visualize such data is to either make a large set of small individual plots such ...
- 58.5k
3
votes
1
answer
44
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Data on inflation target on different countries around the world
Does someone know if there's a page, like a "global bank" online page, where one could see the inflation target for different countries?
For example, in x country, for x' year, the inflation ...
- 215
0
votes
1
answer
84
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Is there a book or notes that explain all about inflation? [closed]
Is there a book or notes or papers (but for easy understanding please) that explain all about inflation?
Not at a research level but student level.
From what is previously needed to define and ...
- 215
0
votes
1
answer
40
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Macroeconomic model or knowledge base representing connected industries in the world
I'm looking for data (model, Expert system, knowledge base) that describes how different industries and countries interact with each other. And the nature of the relationship between them.
An example ...
- 63
3
votes
1
answer
473
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Empirical justification for a constant-returns-to-scale production function in the Solow model
I am currently learning the Solow model of growth, where a constant returns to scale production function for the economy is assumed. I realise that the assumption makes further analysis much simpler, ...
- 1,959
3
votes
1
answer
1k
views
Why utility should be bounded (or unbounded)?
For Expected Utility and SEU, people make axioms to ensure that the utility is bounded. However, I personally believe that the utility function must be unbounded, especially if we are considering ...
- 2,084
4
votes
1
answer
82
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Literature on DSGE models featuring a financial sector
I recently read a ECB primer on DSGE models featuring the financial sector and became interested in the field. I also started to read some of the earlier literature in that field (e.g. Gertler & ...
- 183
0
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0
answers
32
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When is the upward economic convergence in the EU estimated to happen?
Although the regional cohesion, i. e. the socio-economical convergence of the East and the West has been one of the EU's main goals, some economists seem to dispute there's any evidence for them being ...
- 165
4
votes
2
answers
144
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What was the Rogoff & Reinhart spreadsheet mistake?
In class our professor said that the Rogoff and Reinhart research on growth and debt was discredited due to spreadsheet mistake. What was this mistake? Also did they perform their research in excel ...
- 2,819
1
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0
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32
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Reference for Jacob Viner research on colonies
In this video at 6.02 Milton Friedman mentions some 'famous studies' on colonies from Jacob Viner. Does someone know exactly which studies these are?
- 528
2
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0
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36
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Successes and limitations of New Keynesian DSGE models?
What are some good review papers that discuss the successes and limitations of current state of the art (New Keynesian) DSGE models assuming rational expectations? Probably some of these reviews can ...
- 559
1
vote
1
answer
64
views
Oil prices forecast methods
Oil prices have a significant impact on the world economy, positive for exporters and negative for importers to oversimplify a bit.
They are also known to be highly volatile, and depend on hard to ...
- 246
1
vote
0
answers
101
views
How to calculate fiscal space for a country?
I would greatly appreciate if you could explain me how to calculate fiscal space for an specific country. Or, could you please introduce me some references which explain it's calculation step by step ...
- 121
2
votes
1
answer
792
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An overview of 4 books for an undergrad course in Mathematical Economics
I plan to self-study, at an undergraduate level, Mathematical Economics. It covers 3 main topics
Introduction to economy science
Microeconomy
Macroeconomy
Each of these have lots of sub-topics. ...
- 123
0
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2
answers
24
views
What are macro-economics simulations horizons and limits possible with exascale computing?
What are typical examples in literature of large scale simulations of macro-economies of our time as of 2019 and what will change with the introduction of exascale computing? In terms, are there ...
- 192
1
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2
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1k
views
The relationship between profit and wages
It seems obvious that an individual company increases their profits when they reduce wages or increase automation or some such.
But if wages fell universally because of this, wouldn't that decrease ...
- 11
1
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0
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14
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Useful models/theory private debt and borrowed constrained households
In macro oriented research papers the role of private debt is discussed and that apparently when there is a lot of private debt in the economy, households tend to be borrowed constrained..
Could ...
- 11
3
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1
answer
219
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Is there any mainstream criticism of the Benes-Kumhof conclusion that the Chicago Plan would improve the US economy nowadays?
A 2012 IMF Working paper by Benes and Kumhof "The Chicago Plan Revisited
" has this abstract, finding in favor of the Chicago Plan an all counts basically:
At the height of the Great Depression a ...
1
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1
answer
33
views
Is there book or research on economically sustainable design of town or village?
I'm looking for a book which may help to design a self-sustainable small settlement, which can maintain its own economy with limited connections to the outside world. Prefereably it should answer ...
- 111
2
votes
0
answers
62
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Are there empirical studies that quantify shoe-leather or menu costs?
Two theoretical arguments why a high level of inflation is bad (e.g. for growth) are:
shoe-leather cost: keeping lower money balances when inflation is high (implying more frequent trips to the bank/...
0
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1
answer
191
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Models of a Planned Economy
Are there any mathematical models of a planned economy like in the soviet union? Specifically id like to know how we would model 5 year plans.
Do any exist?
- 8,847
1
vote
0
answers
52
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Adaptation of new keynesian model
I'm looking for literature in new keynesian model adaptation to model price shocks. I'm aware of Blanchard, Olivier, and Jordi Gali. 2007. “The Macroeconomic Effects of Oil Shocks: Why Are the 2000s ...
- 41
3
votes
1
answer
493
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What are the contents of "Recursive Macroeconomic Theory"
I am trying to self-study macroeconomics. I just read parts of "Advanced Macroeconomics" by Romer, and found it a good, intuitive introduction to more advanced models (I have also read a more basic ...
- 31
2
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51
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Social conflicts in economic growth models
I'm highly interested in theories and models which explain how do social conflicts influence economic growth.
What papers on the topic can you recommend? I was searching for some seminal and most ...
- 21
2
votes
1
answer
3k
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Are there any real world examples of potential Pareto improvements?
Professor George Fallis in his book "Housing Economics" writes when discussing the notion of a Pareto improvement
(Page 123)
In the real world, almost all policies recommended by economists ...
- 889
2
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1
answer
99
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What amount of share buy-backs are legitimate?
My understanding of a shareholder buy-backs is the definition given by Investopedia:
A stock buyback, also known as a "share repurchase", is a company's
buying back its shares from the ...
- 123
3
votes
2
answers
1k
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Textbook on the mathematics of RBC/DSGE models?
I'm reading David Romer's Macroeconomics. However, what I don't like is that he doesn't go at all into detail about the mathematical underpinnings of RBC/DSGE models. When it comes to the central ...
- 837
1
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1
answer
69
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What's the speed of convergence to the potential GDP? (Empirical estimates)
Suppose a reform makes potential GDP higher, at what speed does actual GDP close the gap? I'm looking preferentially for empirical estimates, but anything that allows me to narrow it down will be ...
- 253
5
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5
answers
276
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What are good books on economic world history?
I am trying to find a book that covers human history with a special focus on economics. It should answer questions like:
What economic systems prevailed during which eras?
How did these systems work ...
- 181