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29 views

Studying growth in US and Sweden, what variables should I watch out for in a regression? [closed]

I've be assigned a project on growth paradigms in US vs Sweden as part of my introductory course in econ. Can somebody please help me out with regression ideas?
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0answers
115 views

Graphing Volunteer labour Supply

I'm wondering if there is a method by which we can visualize a firms decision to rely on volunteer labour. I have an idea but I'm unsure if it is correct, please tell me if there is an issue with my ...
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1answer
53 views

Can fiscal consolidation be expansionary?

In reading this article of Paul Krugman, we immediately see that in his opinion the literature that defended the possibility of the fiscal multiplier being negative for some high-debt countries, i.e. ...
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1answer
433 views

What would happen if tomorrow all private and public debt was erased? [closed]

The question is what would happen if tomorrow all private and public (government) debt was erased? I am especially curious if normal daily economic activities would go on, what would the role of ...
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1answer
56 views

Is this formula for net present value correct?

I have been presented with this formula for the net present value: $$NPV = I_o + \sum \frac{F_t}{(1+r+p_t)^t},$$ where $F_t =$ net cash flow for period $t$; $R=$ required ret of return; $I_o=$ ...
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1answer
16 views

Why does BOJ unchanged rate lead to Nikkei and Topix declines?

Why does the BOJ's decision to leave rates unchanged lead to a stronger yen and declines in the Nikkei and Topix? Thanks in advance!
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0answers
15 views

Are there examples of businesses that profit from helping consumers coordinate better?

In economics, its often assumed that individuals are unable to coordinate. Moreover, its often assumed that one of the roles for the government is to help consumers coordinate. However, its also ...
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1answer
32 views

Is there a standard for job sectors?

Is there any sort of recognised standard (e.g. ISO) for grouping jobs into job sectors e.g. 'technology', 'emergency services'? I asked this on StackOverflow here and they suggested this SE. Would ...
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votes
1answer
1k views

Interpretation of %p.a. notation

Does anyone know the meaning of the notation x%p.a.? I'm reading a text on seigniorage, and the authors have used that notation to state the usual empirical limit to the seigniorage revenues just ...
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0answers
104 views

Seigniorage, or monetary financing of fiscal policy

In reading a textbook on seigniorage, the authors define seigniorage as $\frac{\Delta H}{P}$, where $\Delta H$ is the change of high-powered money, and $P$ is the price level. In the IS-LM model, and ...
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1answer
116 views

Relationship between elasticity and interpretation of approximate percentage change

Let's define elasticity, in a regression setting, as $\frac{\partial \log E(y|u)}{\partial \log x_j }$. How do we relate this definition to the percentage change interpretation, i.e., seeing this ...
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0answers
643 views

Binding and slack constraints in adverse selection problem

When I am dealing with a constrained maximization, once I face constraints with inequality sign, I have to understand which one are binding and which others are slack. If I find that a constraint is ...
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0answers
396 views

Capital - augmenting and energy-augmenting technical progress

I've read a number of papers on factor - augmenting technical progress and directed technical change. Authors do not note about the implications of factor - augmentation in sufficient details. Assume ...
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0answers
24 views

Multi-way clustering

I want to understand when and why multi-way clustering is necessary. Could anyone give a good example that provides intuition of when and why to use multi-way clustering that also illustrates why ...
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1answer
509 views

Contract curve for firms with linear utility functions

I am attempting to find a contract curve for a production economy with two linear utility functions. Normally, I would find the point where the Marginal Rate of Technical Substitution were equal for ...
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0answers
59 views

Is an unconditional basic income pleasurable idea or it cannot be achieved? [duplicate]

I would like to know if you can tell me, what are economical theories that are in support of this kind of social system if any? Can this system be efficient?
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0answers
94 views

Interpretation of Incidence Rate Ratio for a Poisson Regression With a Non-Binomial Dependent Variable

Well, the name pretty much says it all. I have searched high and low, but I cannot find a concrete answer to the following question(s): How would one interpret the incidence rate ratio for a poisson ...
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0answers
283 views

How does Joseph Stiglitz and Greenwald explain why markets with imperfect information fail to have a pareto efficient equilibrium?

How does Joseph Stiglitz and Greenwald explain why markets with imperfect information fail to have a pareto efficient equilibrium? What premises do they use to come to that conclusion? For example, ...
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0answers
82 views

Is utility function used in customer data/profile analysis? What alternatives in practice?

Utility function is great theoretical concept but is it used in customer data analysis or in building customer profile (e.g. from Big data or cash register/checkout data, ecommerce history) or in ...
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0answers
457 views

Why does only relative price and not absolute price matter in international trade models?

Suppose I have two teachers: Adam and Bob. Suppose Adam takes 20 hours to lecture and 30 hours to grade, while Bob takes 100 hours to lecture and 60 hours to grade. In absolute terms, Adam is ...
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0answers
52 views

Reducing the working hours to 32 hours / week - how much it would affect the prices of commodities?

If the working hours would be reduced from 40 hours / week to 32 hours / week (4 days x 8 hours instead of 5 days x 8 hours), but maintaining the wages at the same levels, then I guess that the price ...
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0answers
64 views

Differentiating under integral sign, capital accumulation

I am reading a paper, the author takes the derivative of the following equation with respect to $t$: $$ q(t) = \int_t^\infty e^{-r(s-t)}c(s)e^{-\delta(s-t)}ds $$ $q$ price of capital goods $r$ ...
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0answers
16 views

How does the euro swap for Greek debt work?

As I understand it, some portion of the Greek sovereign debt has been converted into "Euro swaps". Can someone explain in simple terms what that means? What debt was given to whom?
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1answer
28 views

Business plan template [closed]

i have to do a business plan as an assignment in my computer science engineering school. I'm looking for help .. can anyone provides me with a complete template ? or an example to follow thanks,
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0answers
150 views

Is it likely as automation continues to make more jobs obselete, starvation and poverty levels will rise very badly? [duplicate]

I wanted to know facts, thoughts and such since this article (which was big news that trended this week) popped up: http://www.nbcnews.com/tech/tech-news/robot-may-take-your-job-next-few-years-n499556 ...
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1answer
45 views

Is there a problem with Inflation-corrected real price?

Consider CPI and PPI, Consumer Price Index and Producer Price Index respectively. Note that many book correct inflation using the above measures. However, I doubt inflation corrected by these values ...
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0answers
43 views

Bibliography International Macroeconomics/Finance

I'm looking for some bibliography for International Macroeconomics/Finance. Any suggestions? Any help would be appreciated.
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0answers
105 views

Second derivative of Capital stock per unit of effective labour

Let $K=$capital, $L=$ labour, $A=$ knowledge or effectiveness of labour. And put $\mathcal{K} = K/AL$ the capital stock per unit of effective labour. If the following is negative $$ \displaystyle \...
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0answers
65 views

Regression on default rates and backward extrapolation

Suppose that we have bankruptcy data representative for Small and Medium-sized enterprises in a country. We can therefore calculate default rates. Furthermore suppose that we found that GDP, ...
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3answers
980 views

Marshallian demand help [closed]

Consider a consumer with a Cobb-Douglas utility function over three goods of the form $u=(x_1+z_1)^\alpha \cdot (x_2+z_2)^\beta \cdot (x_3+z_3)^\gamma$ with $\alpha, \ \beta, \ \gamma, \ z_1, \ z_2, \ ...
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0answers
48 views

More privileges to the rich and less rights for the poor in the Great Depression?

I would like to know if in the Great Depression (1930s) the government of US and other Western governments increased the taxes for the poor or if they reduced the incomes and the rights of the poor. ...
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1answer
243 views

How can foreign protectionism affect local FDI

I am citing an article here: In a speech at the G-20 in Istanbul, TİM’s Mehmet Büyükekşi said, “Protectionism is increasing in every market around the world and it is affecting not only Turkish ...
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0answers
66 views

Are things any better in what society considers “third world countries” as they were years ago? If things are better, how did they improve and why?

For years I've seen non-stop commercials of countries in the continent of Africa showing kids who live in sewage huts, parents are dead, war gangs and criminals rule their lives. Like in Captain ...
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1answer
55 views

Monopoly Profits [closed]

Have a question: In the town of Johnson, there are 100 identical citizens and one bus company. The bus company is owned by the citizens, each of whom receives 1% of the bus company’s profits. Nobody ...
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3answers
69 views

Leveraging private capital

If an ultra high networth individual, like Bill Gates, Mark Zuckerberg, Carlos Slim, Paul Allen, Elizabeth of Windsor, Amancio Ortega, Liliane Bettencourt, Stefan Persson, Bernard Arnault etc. would ...
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0answers
35 views

Data source for a corporate bond yield curve?

Yield curves are a valuable tool for economic analysis. It is particularly interesting to analyse the difference between Government Debt yields and Corporate Debt yields (credit spreads). This gives ...
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0answers
50 views

How does supply and demand determine price for the following scenario?

Two individuals are stranded on an island. Bob and Jill. By themselves they can produce: Bob: 5 fish & 5 coconuts Jill: 5 fish & 5 coconuts If they specialize and trade, they can produce: ...
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0answers
65 views

Government Spending, Econimic Growth Correlation

A major problem when testing hypothesis in economics is the lack of historical data. Is there research into the correlation between long term economic growth and government spending, that is based on ...
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votes
3answers
283 views

Is an increase in the money supply (by buying government bonds) recorded in bank deposits or bank reserves?

When the central bank pays 100 shekels for a bond held by the public, it is assumed that the 100 shekels are deposited. In this case, shouldn't it cause a 100 shekels increase in the bank deposit ...
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0answers
203 views

Finding Pareto efficiency from competitive equilibrium

So to my knowledge, the competitve equilibrium would be Marginal cost= Marginal private benefit. My question is, how would you determine what the pareto efficiency is from the Marginal social benefit ...
0
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1answer
21 views

Data source for average effective personal income tax rate?

Anyone know a source for the average effective personal income tax rate for the US. By state also would be great. Definition: average effective income tax rate = (Total income tax collected)/(Total ...
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0answers
213 views

Advice on upper and lower hemicontinuity?

Consider the correspondence f: $\mathbb{R}$ -> $\mathbb{R}$ defined by: f(a) = {x $\in$ $\mathbb{R}$:x2 + x $\leq$ a2} for all a $\in$ $\mathbb{R}$. Find the points where the correspondence is uhc ...
0
votes
1answer
97 views

How would a foreign trade multiplier behave if imports depended only on exchange rates?

I was wandering if the amount of imports and exports in an economy depended only on the exchange rates then what would the foreign trade multiplier of this economy look like ?
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1answer
434 views

Show that there is no continuous utility function which represents the lexicographic preferences [duplicate]

Show that there is no continuous utility function which represents the lexicographic preferences $\mathscr{L}$ given by $(x_1, x_2) \succeq (y_1, y_2)$ if and only if $x_1 > y_1$ or $x_1 = y_1$ ...
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0answers
28 views

Gross National Income for Personal Income?

is there such a thing as the measure that amounts to roughly the aggregate of personal income for a country (say: all salaries combined) and an aggregate of corporate income. But as separate figures, ...
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0answers
38 views

Finding maxmin equilibrium in a game [duplicate]

I was solving for a stable equilibrium in the following 2 player zero sum game. I need to calculate the equilibrium using maxmin and minmax strategies. In this game they should come out to be ...
0
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0answers
30 views

Federal Reserve conditions [duplicate]

Does the Federal Reserve have conditions attached to the money that's created and distributed to major banks?
0
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1answer
27 views

Where can I find an interactive graphic showing the development of countries?

I remember once finding a graphic which let you slide back and forth, showing how third world countries had developed over time. It would be really handy to find it again, but I've tried all the ...
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0answers
20 views

Which countries invest their state pension in their stock market and its effects?

I apologise in advance if this is not the right stack exchange site to ask this question. China has started investing its state pension fund in the stock market on full scale recently. I know Norway ...
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0answers
62 views

Calculating economic scope

The costs of running a university are $C = F + m_{1}*q_{1} + m_{1}*q_{1}^{2} + m_{2}*q_{2} + m_{2}*q_{2}^{2}$ where $ q_{1} $ is the number of students taking courses during the academic year and $q_{...

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