# All Questions

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197 views

### Real vs Nominal Value Concept

I am having trouble understanding the meaning of the real value of an economic quantity. The concept is easy to grasp: take a year as a base and adjust for inflation by pricing a commodity with the ...
52 views

### Are there any situations where the elasticity version of the Slutsky equation can only be used compared with the regular Slutsky equation?

Regular Slutsky Equation: $$\frac{\partial x_M}{\partial p_x} = \frac{\partial x_H}{\partial p_x} - \frac{\partial x_M}{\partial m} x _M$$ Elasticity Slutsky Equation: \begin{align*}\varepsilon_{x,...
70 views

### Put Call Parity

I am walking on this problem set and can really not get my head around question 8. Especially I don't understand what is meant by " - Since “short XPDR” strategy is the same as “write call, buy put, ...
57 views

### (tax with) costs to first order

1) What does it mean that something (in this context the taxation) has (or doesn't) costs to first order? So, below is an excerpt from Romer's Advanced Macro (p. 598) with such a statement that I've ...
444 views

107 views

### Effect of Strengthening US Dollar on Commodities

Many commodities are prices in US dollars. If the Dollar strengthens, then commodities (in non-US countries) will become more expensive. From the consumers' (suppliers') point of view, this should be ...
456 views

### AS-LM Model and derivation of the LM curve

When we derive the LM curve, we assume that supply of money is exogenous. However, let's say the central bank has some target interest,r1, and it adjust supply of money to keep interest rates equals ...
58 views

### Post-redistribution Lorenz curve comparison with reranking in R

Using R, assume the population income for N= {1.. 7} looks like $X_1$= c(1,3,5,7,7,19,21). Use the Lc() function from the "ineq" package to plot the corresponding Lorenz curve $L_{X_1}(p_1)$. Next, ...
90 views

### Are any of these tax dodging schemes actually realistic or exclusive to billionaires? [closed]

So there's been quite a bit of fuss over how the rich supposedly pay lower taxes (proportionally of course) than regular, hard-working Americans because of various tax schemes that "let the rich get ...
179 views

### Are there good step by step math intense books substitute for greene's and woolridge Econometric Analysis

Greene's book is a drudgery to read book since it is theoretically based however does not provide what a theoretical book should provide especially on poorly explained the statistics definition both ...
121 views

### What is the market value of an object over time?

Recently many news articles mentioned the new luxury car Maybach Exelero. Only 2 cars have been manufactured. Moreover, one of the cars has been sold for 8 million dollars, which makes this car one of ...
285 views

### A Perfect Bayesian Bargaining problem

Thought I'd post interesting questions that come my way to try and boost activity! A seller and a buyer negotiate over trade of a single indivisible good. The good is either of low quality (in which ...
350 views

### Probability of states of nature

I've been given the following question and would really appreciate any help on part a. I've looked over all of my resources for this course and we have always been given the probability of the ...
50 views

### Composition of EEX energy prices

I am working currently on EEX energy price data from Germany and so far I couldn't find out, if the prices already include taxes and the German Renewable Energy Act feed-in tarif (EEG-Umlage). I ...
95 views

### VAR inversion - looking for a good resource

I am having trouble with something that should be pretty basic. I need to invert a VAR (vector autoregression). Everything I have read just brushes past the actual inversion process, taking for ...
7k views

### Why does any treasury / central bank hold gold?

I know the US treasury is slowly selling its gold reserves, but what is the actual mission and purpose when it comes to the holdings? What is the reasoning behind the slow rate of liquidation? I have ...
289 views

### What does Battigalli really mean by “Players can not choose strategies, they can only choose actions.”?

In this video (from 7: 30 to 9: 00)on Youtube, Battigalli mentions the state of world for a simple three-legged centipede game, which, in his own word, is "$\ldots$a description of everything ...
3k views

### Symmetric and asymmetric preferences

I encountered a question where it was given that the consumers had asymmetric preferences. I couldn't find the definition of the term in any of the microeconomics book available to me. Can anybody ...
458 views

### Would a world-wide currency be a good idea? [duplicate]

While every country has it's own political ideals, enforcing laws and rules, in an ever more globalized world, I believe the idea of fragmented economy is limiting big growth opportunities while ...
149 views

### Does working abroad cause less unemployment however small?

The context of this question arises from people in third world countries going abroad to work. Often they are seen as money-hungry people who don't love their country (unless they are, say, physicists ...

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