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24 views

Need Clarification of Terms: Innovation v.s. Disturbance

I have been reading some econometrics paper and came across terms "innovation" and "disturbance" of regression models. Can someone please explain to me what they are? I have ...
15 views

Modeling GARCH in R with other factors

I am new to GARCH model. I want to build a GARCH-in-mean model with the following forms $$r_t = \mu + \lambda \cdot h_t + \sum_{i=1}^n \alpha_i \cdot X_{i}(t) + \epsilon_t$$ where $\epsilon_t$ ...
34 views

Stable roommates problem: returning a list of ideal matches, even when stable matching doesn't exist

I am trying to find a way to return a list of ideal matches based on preferences. This is similar to the Stable Roommate Problem. I have a list of people, and each person has ranked everyone else from ...
153 views

What are some important papers using difference-in-difference in economics?

I'm new to difference-in-difference method and wanted to familiarize myself with the literature. I'm familiar with Mostly Harmless Econometrics and the papers on DiD discussed in the book. I would ...
37 views

Was there any currency backed by other metals than gold, silver or copper?

Was any other metal than gold, silver or copper ever in history used to back a currency?
62 views

When was the last time printing money involved actual printing?

A common term used when the money supply is being increased is "printing money". Presumably at some point in the distant past, currency was actually printed to increase the money supply. Of ...
33 views

Comparing voting methods when there are only two voters

Consider the Schulze, Kemeny-Young, Ranked Pairs and Borda count voting methods. (The last is obviously the odd one out in this list!) Suppose that there are only two voters. Each voter gives a ...
63 views

134 views

Are there any benefits of moderate devaluation of a currency?

The value of Indian rupee has decreased over the years. The government apparently makes no effort to stop or reverse it. Instead they focus on other aspects of development. Observation 1- I see that ...
53 views

VCG mechanism and budget balance

I have a general question on how we state that in VCG (which doesn't balance the budget) we can't distribute the money as it will destroy incentives. I don't understand how for ex. this would affect ...
25 views

Market Measures for Inflation Expectations for Euro zone

If I were to use a market measure for inflation expectations for the USA, I would look at the differential of yields between the conventional and inflation-indexed Treasuries. However, in the Euro ...
98 views

Olivier Gossner - Secure Protocols or How Communication Generates Correlation

The paper of Olivier Gossner in Security Protocols in 1998 has some definitions that confuse me too much. I will cite here these definitions and my questions and I hope someone is familiar with these ...
116 views

Asking for paper or data source mentioning the social restriction due to COVID-19 globally

Regarding COVID-19 response, we have the stringency index. But I am wondering is there any source that documented the first law implementation date or month regarding society restriction (social ...
43 views

Non CES Production Functions

I know CES production functions dominate economics, but I was curious, why? I've never seen a research paper or presentation utilize any form of a production function that is not CES. My question is ...
1k views

Why are utility functions typically assumed to be concave?

Why is it usually required that utility function be concave? Is it because concavity is a necessary (or sufficient?) assumption for a unique equilibrium? Can someone please spell this out for me? ...
63 views

Game Theory exercise collection

I am looking essentially for a comprehensive collection of exercises of standard topics in Game Theory. Ideally, I would like to have a big manual organized by equilibrium concept, starting from the ...
724 views

Did free markets cause the industrial revolution?

I want to know the justification for the posture that "free trade/liberalism caused the industrial revolution". I would like to get arguments, books and video conferences about it. I was ...