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Questions tagged [reference-request]

requests for information about papers, books, or other sources that address a particular economic question or issue.

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10 votes
7 answers
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Mathematical Micro/Macro Economics Textbook Recommendation

I was formerly an economics major and now also majoring in mathematics. I want a textbook that is rigorously based on mathematics; not just using mathematics whenever the author wants, but in a more ...
Taxxi's user avatar
  • 203
13 votes
7 answers
4k views

Textbook for macroeconomics (advanced undergrad)

I find that many contemporary macroeconomics textbooks are too applied, filled with examples, case studies and intuitive illustrations, often at the expense of quantitative rigour and therefore the ...
Constantin's user avatar
11 votes
2 answers
492 views

The Case for Basic Income in developed and underdeveloped countries

From what I can tell, the idea of the basic income guarantee is very popular in some circles as an excellent alternative to a lot of modern welfare systems. Has anybody developed a theoretic or ...
Jamzy's user avatar
  • 3,751
20 votes
5 answers
6k views

Where to start learning economics as a mathematician?

I study pure mathematics at university and I'm looking to get into economics, with pretty much no background knowledge about it. Are there good sources to learn from with a decent mathematical ...
user1633011's user avatar
15 votes
3 answers
909 views

The Economics of Coronavirus

People are concerned about the economic impacts of the virus. How severe will the economic downturn be? Will the coronavirus cause a global recession worse than the 2008 crisis? I'm not looking here ...
emeryville's user avatar
  • 6,975
6 votes
1 answer
579 views

How does US (its economy, banks, industry) profit from dollar being the "standard currency"?

How does US (its economy, banks, industry, "finance industry") profit from dollar being the "standard currency"? I am not seeking "ideological" explanations, but explanations of the mechanisms ...
John Donn's user avatar
  • 219
6 votes
5 answers
3k views

Book recommendations on empirical methods in economic research and econometrics?

This question is more so geared toward anyone with research experience within economics, though of course, anyone is welcome to respond. I'm an undergraduate math major with a minor in economics. I'...
daOnlyBG's user avatar
  • 219
9 votes
5 answers
1k views

References for particular definitions of risk and uncertainty

I have some doubts about risk vs. uncertainty. I have read the thread "What is the difference between risk, uncertainty and ambiguity" and have skimmed through Knight's "Risk, Uncertainty, and Profit" ...
Richard Hardy's user avatar
7 votes
3 answers
13k views

What is a rational consumer?

There is a lot of debate on whether or not consumers and investors are rational. Unfortunately, I haven't seen much qualification for what is called a rational consumer. What are the requirements ...
EconJohn's user avatar
  • 8,407
5 votes
2 answers
218 views

Stimulus Effect of the Minimum Wage

In the question about the minimum wage found here, I have heard several times that an increase in the minimum wage can, as one of several competing effects, "boost the economy" by increasing the ...
jmbejara's user avatar
  • 9,355
4 votes
3 answers
2k views

What precisely is scarcity?

I'm aware that certain terms in economics have precise definitions that don't necessarily line up with our intuition about what they mean. I'm currently writing a paper that heavily relies on the ...
K Pomykala's user avatar
2 votes
1 answer
537 views

Resources to improve my economic intuition

I am trying to improve my economic logic skills and ability to think about day-to-day issues in the systematic way economics and decisions science approaches scarcity or optimization. A simple ...
user avatar
83 votes
20 answers
17k views

What are some results in Economics that are both a consensus and far from common sense?

What are some results in Economics that are both a consensus between most economists and far from common sense? I would also welcome suggestions of clear definitions for what we should mean as ...
16 votes
1 answer
3k views

Solving the Hamilton-Jacobi-Bellman equation; necessary and sufficient for optimality?

Consider the following differential equation \begin{align} \dot x(t)=f(x(t),u(t)) \end{align} where $x$ is the state and $u$ the control variable. The solution is given by \begin{align} x(t)=x_0 + \...
clueless's user avatar
  • 1,579
14 votes
2 answers
4k views

Larry Summers on the causes of secular stagnation

In an influential speech on November 8, 2013 at the IMF Annual Research Conference, Larry Summers suggested that slow economic growth in the years following the 2007–2008 financial crisis might be due ...
Marko Amnell's user avatar
14 votes
3 answers
218 views

Current knowledge about the empirics of consumer theory

I would like to get up to speed on the current state of empirical work done to test the assumptions and predictions of consumer theory (think Chapters 1, 2, 3, and 6 of Mas-Colell et al.). Can anyone ...
Ubiquitous's user avatar
13 votes
3 answers
400 views

What have been the main developments in macroeconomics and financial economics since the 2008 financial crisis?

In the aftermath of 2008 economists were, fairly or not, blamed for a failure to foresee the coming crisis. Ideas such as "The Great Moderation" and market efficiency were openly ridiculed as ...
Ubiquitous's user avatar
13 votes
2 answers
618 views

Uses of convex analysis in Economics

I'm taking kind of a crash-course in convex analysis to complement my mathematical skills and was wondering if anyone knew about nice ways in which this kind of tools were used in Economics. To be ...
BVJ's user avatar
  • 380
9 votes
5 answers
1k views

Are terrorists rational?

Terrorism in general, and suicidal terrorism in particular, is popularly seen as “irrational,” but many economists and political scientists argue otherwise. This quote is from Terrorism: The ...
emeryville's user avatar
  • 6,975
9 votes
2 answers
536 views

Where to start with social networks?

I'm working on my master's thesis in industrial organization and I have a model that is based on social networks. I have had two courses about social networks (one more focused on basic industrial ...
BVJ's user avatar
  • 380
9 votes
4 answers
8k views

Existence of utility representation of a rational but discontinuous preference

This is related to Do discontinuous preferences imply no continuous utility function? I think the title of the above-linked question is phrased in such a way that obscures a subtly different but more ...
Herr K.'s user avatar
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9 votes
4 answers
7k views

What are some good graduate-level econometrics books for someone with a strong mathematics background?

Related: Book recommendations on empirical methods in economic research and econometrics? I would like to focus mainly on graduate texts in Econometrics. From the question above, I gather that ...
Clarinetist's user avatar
8 votes
3 answers
1k views

What are good undergraduate books about monopolies and market failures?

Is there a good undergraduate level book specifically about economic monopolies and market failures?
good_one's user avatar
8 votes
1 answer
265 views

A timeline on the the key achievements of Economics and its evolution

Something I've never seen in Economics but have in Maths and Chemistry and really enjoyed is that when I took it we got to the see the evolution of the science (and yes Economics is a [social] science ...
Ivan's user avatar
  • 257
8 votes
3 answers
1k views

Book Recommendation for Microeconometrics of Discrete Data

I am looking for a few good books pitched at different levels to help analyse discrete data. Specifically: Specification, Estimation and the application of econometric methods to model discrete ...
Jamzy's user avatar
  • 3,751
8 votes
6 answers
2k views

Graduate Level Textbook on Labor Economics and Macro-Labor

What would be good textbooks at the graduate level that deal with Labor Economics and Labor-Macro (As in, Equilibrium Unemployment Theory, Shimer Puzzle etc)?
FooBar's user avatar
  • 10.7k
8 votes
1 answer
271 views

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, ...
clueless's user avatar
  • 1,579
7 votes
5 answers
2k views

list of math intense graduate level microeconomics books?

List of math intense graduate level microeconomics books? Except Reny's book, krep's books, varian's book and mas-collell's book books from subfields are acceptable, however by math intense i mean ...
Victor's user avatar
  • 743
6 votes
3 answers
295 views

Conventional Monetary Policy and Income Inequality

In almost every textbook, it's stated that monetary policy is preferred to fiscal policy, since the latter is more politically difficult to implement due to smaller consensus on its redistributive ...
An old man in the sea.'s user avatar
6 votes
2 answers
238 views

Multiple equilibria: which one to select?

There are two agents $i=1,2$. Consider the following programm \begin{align} &V_1(x_0) := \max_u \int^\infty_0 e^{-\rho t}F_1(x(t),u(t),v(t))dt\\ &V_2(x_0) := \max_v \int^\infty_0 e^{-\rho t}...
clueless's user avatar
  • 1,579
6 votes
2 answers
129 views

Auction theory reference request

I am interested in finding the literature or at least some references (books, journal papers etc.) for the following problem: Suppose there is an auction with one seller and one buyer. The seller ...
johnny09's user avatar
  • 613
6 votes
2 answers
3k views

Financial Economics Textbooks

I have an interest in financial economics, and I plan to take the graduate sequence, however I did not take an undergraduate course in that field. I would really appreciate it if someone could ...
DornerA's user avatar
  • 1,568
6 votes
3 answers
387 views

Unexplained economic puzzles?

Science is full of apparent puzzles and paradoxes, some of which still remain unexplained. Economics is not an exception. It would be interesting to get a list of unresolved puzzles in Economics. ...
luchonacho's user avatar
  • 8,591
5 votes
1 answer
318 views

What are the defining features of Capitalism? [closed]

What are the necessary and sufficient conditions for an economic system (or mode of production) to be classified as "Capitalism"? Is it markets? Is it for-profit corporations? Is it limited liability ...
luchonacho's user avatar
  • 8,591
4 votes
2 answers
132 views

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 ...
csilvia's user avatar
  • 2,734
4 votes
3 answers
618 views

Alternatives to Capitalism and Communism

Are there any remarkable economists who have envisioned alternative economic system to the ones previously tried? I'm looking for realistic economic system models and their authors.
PbxMan's user avatar
  • 155
4 votes
1 answer
1k views

Good books to learn social choice theory

I wanted to learn Social Choice Theory and have fine mathematical background. I have read about it as a part of advanced microeconomics (Jehle and Rene)- Arrow's Impossibility Theorem etc. and got ...
Ishan Kashyap Hazarika's user avatar
4 votes
3 answers
579 views

Literature Recommendation: Advanced Undergraduate Economics

I come from a strong quantitative background and am going to law school in the fall. I'm interested in financial product regulation and competition law. I have taken an introductory course in ...
tattedjoe's user avatar
4 votes
3 answers
1k views

How is the ARIMA model a valid approach for forecasting Economic Variables?

Ive noticed the use of univariate forecasting methods (i.e the ARIMA model) employed in forecasting inflation (see references below). How is this a valid approach in terms of forecasting economic ...
EconJohn's user avatar
  • 8,407
4 votes
1 answer
123 views

Empirical Data on Demand for Minimum-Wage Jobs in the USA

The idea of a minimum wage and its effects in terms of supply and demand are well-known in mainstream economic theory. I'm constructing an argument regarding the minimum wage, and what I'm curious ...
Newb's user avatar
  • 143
3 votes
3 answers
296 views

Easy to understand explanation of deflation and what causes it

This pretty much went over my head:http://en.wikipedia.org/wiki/Deflation Is there something a bit easier to digest than this? For a non econ student?
Victor123's user avatar
  • 415
3 votes
1 answer
196 views

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 ...
got trolled too much this week's user avatar
3 votes
2 answers
280 views

Is there a serious forum/chat (not Q&A like StackExchange) on Economics?

I am looking for a: Serious forum/chat (like so many math and physics forums I know in the net) Where I may able to chat about economics foundations & hypotheses, theory and empiria, and so on, ...
Piockñec's user avatar
3 votes
2 answers
266 views

Universal Basic Income - Menial Tasks

The Universal Basic Income scenario seems to be one where people are free to cultivate their passions. From what I could gather, the main argument for this to be the best case scenario goes something ...
Scb's user avatar
  • 139
2 votes
0 answers
87 views

Cyclicality of Markups

I'm looking for scholarly articles or summaries on the subject of markups. More importantly, for empirical evidence whether they're pro- or counter cyclical, and on theoretical papers on their ...
FooBar's user avatar
  • 10.7k
2 votes
0 answers
55 views

Papers explaining Roberts's law

I was reading this article on power laws in economics. If you look at figure.5 on page 11, you come across an interesting note. Notes: Left panel: The CEO compensation is the ex ante one, ...
EconJohn's user avatar
  • 8,407
2 votes
3 answers
877 views

Book recommendations: National income accounting and IS-LM model

Basically I'm interested in solving tricky thought provoking exercises based on National income and on IS LM model. I've read mankiw but it didn't satisfy my needs.
Shoaib Ashraf's user avatar
2 votes
1 answer
126 views

Modelling effect of renewable energy investment on GDP (via integrated assessment models)

I'm interested in modelling the effects of renewable energy investments and fossil fuel plant closures on the GDP using an energy-economy model of America's economy (eg. Nordhaus's RICE). Any ...
Puraṭci Vinnani's user avatar
2 votes
0 answers
62 views

Going from DRMs to Indirect Mechanisms

I have recently started studying mechanism design (after having taken a basic graduate micro course) through Borgers' 'Introduction to the theory of mechanism design'. I was wondering if people are ...
Manos Perdikakis's user avatar
2 votes
0 answers
61 views

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/...
got trolled too much this week's user avatar