# All Questions

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530 views

### Gini coefficients and median / mean income ratio

Simple question: If the GINI coefficient (market incomes) goes up, is it a necessary feature that the mean income rises relative to the median?
524 views

### S&P 500 total return excel sheet

Where can I find an excel sheet with total return (that is, with dividend reinvestment) of the S&P 500? I have only found an online "calculator" (not an excel sheet), or an excel sheet with ...
38 views

### What are the general charateristics of matching markets that make then different from regular markets?

I would like to know what exactly makes matching markets different from regular markets. If you could illustrate with examples to help me understand better, that would be nice. Thanks in advance.
362 views

### Isn't the liquidity trap about real interest rates?

Here is a so-called thought experiment. Suppose the inflation rate is negative, the nominal interest rate slightly negative, and the real interest rate positive (call it $r$). I think people would ...
696 views

### Solving for price incease

The following table lists the basket of goods in the Consumer Price Index for the nation of Astro​ (Assume 2014 is the base​ year.) ...
37 views

### How long do stock markets usually take to process complex new public information?

Here is a question that I've been thinking about for a while: Theoretically, assuming investors are rational, a stock's price will be equal to its its intrinsic value (present value of discounted ...
39 views

### Optimal taxing in case of negative externalities

Suppose an individual $i$ has the utility function $U= f(x(i)) - k$(sum of all $x$ with index not equal to $i$) Where $x(i)$ denotes the miles driven by $i$, and $k$ is a positive constant. The ...
2k views

### Quasi Fixed Input

What is quasi fixed cost? What is the difference between fixed and quasi-fixed cost? Is capital, land and labour considered a quasi fixed cost for a firm? I have read that when the firm wants to take ...
45 views

### Finding a Research Project

A professor at my college (I'm a rising sophomore) expressed interest in me working for him as an RA as I have had previous research experience prior to coming to college and I did well my freshman ...
725 views

### What is the danger of (China's) investment-led growth as opposed to consumption-led growth?

I keep reading that China must switch to consumption-led growth or productivity-led growth, that investment-led growth is 'dangerous.' I understand that it is probably not sustainable in the sense ...
647 views

### When the base year changes, does it affect data at current prices as well?

I'm trying to collect current GDP data for India from 1990-2016. But, India changed its base year in 2011. So, to get a continuous series, do I have to change the data to a common base?
30 views

### Where can I find historical (very old) USD printing data?

Where can I find historical/very old USD printing data? Charts can be useful, but I want numbers. It is for a project.
32 views

### Reference request about econometric analysis of Environmental Kuznets curve

I could not find from where to learn the application of Econometrics on data analysis relating to environmental Kuznets curve. Are there any books or articles which talk about the above?
100 views

288 views

### General equilibrium - exchange economy with time and perishable goods

I am attempting to solve a general equilibrium problem from the textbook Jehle and Reny. However, I am slightly confused if my approach is correct. The question is as follows. Consider an exchange ...
582 views

### What is meant by “Exchange rate expectations are static” (In the Mundell-Fleming model)

When I was studying the Mundell-Fleming Model, I came across the assumptions : 1- Exchange rate expectations are static 2- Capital mobility is less than perfect I ended up with the following ...
763 views

### Sequential Bargaining

Consider a sequential game with two players who use the following procedure to share two desirable, identical and indivisible objects. Player 1 proposes an allocation in stage 1 which player 2 either ...
58 views

### Driving down the price of a good

I've been thinking about this situation lately: A normal good $x$'s price has become unreasonably high. Would it be a good idea for consumers to boycott (i.e. stop buying) $x$ in order to drive down ...
198 views

### Understanding the elasticity of demand for a monopoly

Question: Your are working for a firm that is a monopoly. It is producing using technology that exhibits obvious decreasing returns to scale. After working with them for a while, a co-worker makes a ...
58 views

145 views

### What are some applications of Akerlof's 'lemons' in goods and services markets?

How can the idea of Akerlof's 'lemons' be applied to goods and services markets (that doesn't include second-hand cars)?
165 views

### Since it doesn't change the money supply, how can an “expansionary” fiscal policy alone spur economic growth?

I understand how monetary policy can be used to heat up an economy by increasing the money supply, but how can a fiscal policy do so? When the government borrows money to increase spending, it is not ...
318 views

### Troubleshooting Utility Maximization with the Lagrange Method

I'm trying to solve a utility maximization problem through the Lagrange method. The utility function is something like $u(x,y)=x+B(y-a)$. However, I'm running into problems as x and y do not come up ...
286 views

### Wooldridge's Microeconomics book vs Cameron and Trivedi's textbook

I'm debating between 2 Microeconometric classes at my college, (I realize I'm fortunate to have a choice). One class uses Wooldridge's "Econometric Analysis of Cross Section and Panel Data" the other ...
4k views

### Interest Rate vs. Borrowing Rate - Difference

I have never studied economics so the question might be very basic one and would need understandable answer: I would like to know the difference between Interest Rate term and Borrowing Rate term? As ...
135 views

### What is a dollar, currently?

What is the definition of a dollar now without gold backing? It seems that a dollar is now just an entry in a book somewhere in some bank. Or it is the federal reserve note? Or is it both? I ...
146 views

### Example in which revealed preference doesn't imply preference

I'm studying Varian's Intermediate Microeconomics, in which the principle of revealed principle is stated as follows (for now we're assuming strictly convex indifference curves): Let $(x_1, x_2)$ be ...
60 views

### Proxy for debt service?

I'm trying to get info on debt service relative to GDP for Morocco. I know these sorts of figures exist for the US, Japan, etc., since a few authors use them, but Trading Economics does not seem to ...
75 views

### How can two countries of roughly the same size, population and GDP have such big differences in minimum wage?

We could answer this question theoretically, or give a real-world example of two such countries. Is there anything more interesting to say than: that's just something decided by the government? Could ...