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1answer
21 views

Why do many papers not write the actual utility function?

Why do many papers write the intertemporal maximisation problem for the household as \begin{equation}E_{0} \sum_{t=0}^{\infty} \beta^{t} U\left(C_{t}, N_{t}\right)\end{equation} and then do not write ...
0
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0answers
7 views

Will printing money always result in inflation?

After reading Oil Curse by Michael L. Ross, specifically, a section on reasons why and how oil wealth does not significantly increase the income of normal citizens: the petroleum business typically ...
-1
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0answers
6 views

Could someone help guide me on finding the players with perfect recall, and those without?

Could someone help guide me on finding the players with perfect recall, and those without? For those players that do not have perfect recall, what do they forget? Step-by-step guidance would be ...
1
vote
0answers
8 views

How penalties on repo fails work?

There are a couple of questions I have about imposing penalties on repo fails. Is the repo fail penalty imposed only on the seller of securities if it does not buy the securities back or also on the ...
-3
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0answers
15 views

Country GDP vs Exports - why such a big difference?

I discovered that country ranking by GDP and Exports are very different. Largest by GDP ...
0
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1answer
13 views

Calculating Per Capita

This is in reference to https://fred.stlouisfed.org/series/M2 My question is how can i calculate the M2 value on per capita basis? Do i just divide it with the population by year?
-3
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0answers
18 views

Resources and depletion [closed]

Obviously all recessions happen for a resource reason. Why do economists develop these complicated arbitrary theories rather than just saying it's a coal shortage or whatever.
-2
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1answer
23 views

Find the firm’s cost function [closed]

Can you solve my microeconomics question thanks a lot...
-3
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0answers
28 views

How substainable and stable is the currency back up by the resouces of coal block? [closed]

if the future economics increase demand for all the natural resources, how will you compare: The A country uses some sort of 50% purity Silver to back their coin and gold leaves to manuafuture their ...
-1
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0answers
32 views

What's holding the U.S. from decreasing unemployment by cutting H1B limits?

I don't understand why doesn't the U.S. decrease the number of H1B visa holders (foreign workers) during the current economic crisis? The unemployment is skyrocketing, wouldn't this measure decrease ...
0
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1answer
25 views

Effectiveness of fiscal policy through increased tax compliance

I am inclined to think that in a country like the USA where tax compliance is a more than respectable 83%, there is less sense in reducing tax rates in an effort to increase tax revenue through hoping ...
0
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0answers
19 views

economy and consulting [closed]

I’ve finished my orientation year and I want to get into consulting after graduation. I’m majoring in electrical engineering. I read case in point.but when we solve cases, I see my friends ,they are ...
2
votes
1answer
25 views

How did the Hunt brothers' cornering the silver market drop gold prices in 1981?

Muro's answer at Money SE discusses the attempt by brothers Nelson Bunker Hunt, William Herbert Hunt and Lamar Hunt to corner the silver mark. But Muro didn't explain the causation. I can't infer why ...
1
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1answer
113 views

What does Smith mean by “price of work” in this context?

I've read these excerpts from The Wealth of Nations multiple times: In reality high profits tend much more to raise the price of work than high wages In raising the price of commodities the rise of ...
0
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3answers
69 views

Why doesn't government work more like a company when it comes to taxes?

In government, the revenue is fixed (most of the time); you don't have to anything extra to get money from your "investors", i.e citizens. Similarly, from a citizens' perspective, whether ...
0
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0answers
16 views

How to derive the standard euler equation from the Expanding Variety Model

In the standard expanding variety model where the representative household faces the following CRRA utility function $$ \int_{0}^{\infty} \exp(-\rho t) \frac{C(t)^{1-\theta}-1}{1-\theta}dt $$ and ...
1
vote
2answers
31 views

How is an interest swap collateralized

I am trying to understand what it means for an interest swap to be collateralized. If for example, I am paying fixed to a bank and receive floating in return. Who is giving collateral to whom? and how ...
0
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1answer
19 views

Equation of exchange and inflation target

The inflation target is $2$% and the equation of exchange states $MV=PQ$. Is the idea that we want to have greater money supply growth then real growth in general?
0
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0answers
49 views

how to calculate Leontief demand functions from first order conditions of a CES function when sigma tends to 0?

This question is NOT about how to approximate a CES function to a leontief function. Knowing that: $i= good (\begin{array}{*{20}{c}} {1}&{or}&{2} \end{array})$ $j= firm (\begin{array}{*{20}{c}}...
0
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0answers
35 views

Is the money market model based on assumption of no interest rate targeting on the part of the central bank?

This is quote from Gregory Manklw's macroeconomics text about mechanism of formation of the interest rate in the money market model: How does the interest rate get to this equilibrium of money supply ...
0
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1answer
25 views

Why we introduce the intermediate good producers into RBC model?

I am learning the RBC model and find some papers that use the intermediate good producers under the monopolistic competitive market. Could you tell me the benefit of this method? Thanks.
1
vote
1answer
26 views

Is there inverse relationship betweet prices of interest-bearing assets and the interest rate?

I was wondering about why investors converting out of interest-bearing assets into money in the money market cause the interest rate to increase. Then I remembered that there is inverse relationship ...
0
votes
1answer
21 views

Per Capita Income data of states in the USA

Where can I get Per Capita Income data of states in the USA? Also which are the sources often used in econometric or macroeconomic analysis and how reliable are they?
-1
votes
2answers
33 views

Why does a positive output gap imply workers working overtime?

From Investopedia, "A positive output gap indicates a high demand for goods and services in an economy, which might be considered beneficial for an economy. However, the effect of excessively ...
3
votes
2answers
62 views

Stag Hare inefficient Nash Equilibrium and level-K thinking

Two players $i,j$; both have two strategies $\{h,s\}$. The payoffs vector of $i,j$: $u(h,h)=(5,5)$ (if both players choose $\{h\}$ then $i$ receives 5 and $j$ receives 5) $u(h,s)=(10,0)$ $u(s,h)=(0,10)...
-2
votes
0answers
27 views

Why don't more software/SAAS companies give “one-year trials”? [closed]

Every time I want to do anything, no matter how "minor" and "insignificant" I consider it to be, I always find dead FOSS projects and then at least one "commercial alternative&...
2
votes
4answers
72 views

What are good advanced textbooks to learn mathematics for economist?

I am looking for books or other sources that focus on math that is above bachelor level (i.e. above just simple calculus). I am not looking for a specialized text for some field but just general ...
0
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0answers
20 views

Has there ever been stock options under hyperinflation?

I believe the most developed example is weimar. I dont think it had any stock options. I dont think there has been any country under hyperinflation with stock options. I wonder how option prices would ...
0
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0answers
60 views

How does one find values of constants in a value function?

Problem: suppose I have the following maximization problem: \begin{align} &\max_{(c_t)_{t \geq 0}}E_0\left[\sum^{\infty}_{t=0}\beta^{t}\ln c_t\right]\\[2mm] \text{s.t.} \quad & k_{t+1}=A^{1-\...
0
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0answers
41 views

Why does China receive more tourists per year than India?

India and China are both ancient civilizations. They are both big countries. They both have huge population. Why does China receive almost thrice number of tourists per year?
-3
votes
2answers
38 views

How is buying gold during a recession helpful for the economy?

As far as I can see it, it is a selfish and fearful reaction to bad market conditions that would result in greater deflationary pressure. It is true that it preserves the owner's wealth, but unless ...
3
votes
0answers
47 views

Trying to find an optimization method

I'm working on a research about fertility choice and economic growth and I was trying to solve an Ahituv Moav paper where they develop a model of economic growth. My main problem is when I'm trying to ...
3
votes
2answers
59 views

How to approach rigorous probability theory from an economics background?

I am attempting to read around the theory of probability theory from the ground up, coming from a background of economics I have little experience in set/measure theory, whilst I am not new to ...
1
vote
1answer
25 views

MNCs income greater than origin GDP

Can anyone explain why the net income of some MNCs overwhelmingly surpass the GDP of countries/regions, where their sources of labor/raw materials are located? Accompanying references are welcome. P.S....
-2
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0answers
20 views

Supply and Demand [closed]

• The construction industry booms • The cost of steel, an input in the production of nails, increases 25 percent what is the combined effect of these two events on the price of nails? On the quantity ...
0
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0answers
22 views

What is the proper academic term for “realizing sales from online traffic”?

Realizing sales form traffic is one of the major concerns for firms in a digital economy. To my knowledge, online marketing methods (such as SEO) usually generate traffic but not necessarily profits. ...
0
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0answers
18 views

References on foreign ownership of domestic assets

In Piketty's Capital in the 21st Century, he occasionally analyzes the ownership of domestic assets by foreign countries. On p. 192, he writes: Japan and Germany have accumulated quite significant ...
3
votes
2answers
103 views

Terminology, is elasticity used as “mean elasticity”?

Given a demand $q$ and a price $p$ sutch that $q=q(p)$, the elasticity of demand is given by, $\epsilon = \frac{p}{q}\frac{dq}{dp}$ which depends on the price. But, when reading papers about ...
0
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2answers
101 views

why don't we also pay money to industries that have a negative carbon footprint?

I understand that taxes (Pigovian taxes) can be used to steer the economy in a certain way. For example, if you increase the taxes on things related to cigarettes, the price increase will decrease the ...
0
votes
1answer
22 views

markov-switching model and stationarity

To test the structural breaks and to perform markov-switching model in time series data, should i have stationary data. Thank you in advance.
0
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0answers
34 views

From MMT viewpoint, how do taxes make sense?

I understand this part of MMT: From 100 USD that the Fed prints, the state can get back (or destroy) 10 - 90 USD back in taxes. But what is the effect of taxes on the economy: A household buys food ...
3
votes
3answers
428 views

Why does an economic slowdown lead to deflation?

Usually economists say that in recession there is deflation, so increasing the money supply does not lead to a high level of inflation. According to the Quantity theory of money, the price level is ...
1
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2answers
30 views

Stationarity of cyclical economic data

I'm having trouble understanding how macroeconomic or industry data could be made stationary if there's only a limited length of time series available (e.g. 2012-2019) and I have a time series that ...
-3
votes
0answers
15 views

my economic question is based on macroeconomics [closed]

Suppose that the economywide expected future marginal product of capital is MPKf = 20 – 0.02K, where K is the future capital stock. The depreciation rate of capital, d, is 20% per period. The current ...
3
votes
1answer
47 views

Term for partial resource use economics

In economics, economies of scale are "the cost advantages that enterprises obtain due to their scale of operation" (Wikipedia/User:Loraof). There is a common type of scaling, mostly in ...
2
votes
1answer
116 views

What are some good resources to read on Development Economics from a neoliberal or Austrian perspective?

I have tried to look for development economics from a neoclassical (Chicago school) or Austrian School approach. However, I could not find any references for this topic. Is it possible that this ...
0
votes
1answer
20 views

Aggregate income

Aggregate income is composed of: • Employee compensation including wages and benefits. • Rent for the use of property. • Interest earned on funds loaned out. • Profits earned by businesses. Where are ...
1
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0answers
9 views

Correcting high AR(1) coefficients in dynamic Gordon model

I have just finished my thesis on a heterogeneous dividend expectations model applied to the COVID-19 crisis. However after receiving some feedback there is one last issue I want to resolve. I'm using ...
-2
votes
0answers
29 views

What can I do now that my bank (Nordea in Sweden) will permanently kill their “simplified login” feature, crippling all automation? [closed]

In the past days, I've attempted to ask this on the "Personal finance" and "Superuser" categories. Both were downvoted and closed for no reason, as is so often the case on this ...
0
votes
1answer
41 views

Are government bonds internal or external debt?

I was watching this video and since it's a bit oversimplified I wanted more information. I was curious because internal debt is in the local currency from local lenders, while external debt is in a ...

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