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1answer
28 views

Economics of disparity in wages and in 'financial quality of life'

I am seeking a quantitavely and logically satisfying answer to the question I will outline below. It could be in a form of a book/article reference and ideally have as little ideological bias as ...
0
votes
1answer
33 views

what is the Relationship between Zero nominal interest rates and liquidity traps

So I'm reading mankiw"s principles of economics and I'm in the chapter about the influence of monetary and fiscal policy on Aggregate demamd. The part about nominal Interest rates and liquidity traps ...
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3answers
867 views

How do central banks earn profit?

I thought of Central banks as the regulators of financial markets. But surplus reserves of some Central banks surpass giant corporate companies. Please explain me how do they manage to make profit in ...
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votes
2answers
46 views

Price and cross price Elasticity of demand [closed]

The question is: Prove or disprove, if the price elasticity of a demand of a good is unitary then the cross price Elasticity of demand of that good is zero. Any hints on how to approach this?
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votes
2answers
244 views

Why don't economists recommend voluntary childlessness to fight poverty?

Please see the titled question. Poverty obviously demands pressing solutions, let alone a stopgap. Dasgupta beneath refers to "the best Desta’s world can do": isn't Voluntary childlessness and ...
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4answers
258 views

What is economics?

It has been disturbing me since the first year of college that the meaning of economic is express too much as it is too less. "Study of scarcity, utilize the limited resources to satisfy unlimited ...
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votes
1answer
32 views

Do the efficiency savings of mergers indicate a type of waste or inefficiency in a market?

In this BBC News article about the merger of Tata Steel and Thyssenkrupp, the following figure is reported: The merged group anticipates it will make costs savings of between £350m to £440m a year. ...
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votes
1answer
68 views

What is the best example social norm effect economy?

Here is my example. I read the paper called "Social norms and Energy Conservation" (2010) by Hunt Allcott, about the energy conservation of households by providing them with the amount of energy ...
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votes
2answers
86 views

Interrelationship between inflation and foreign capital flow

For the below let's assume domestic currency is ₹ and foreign capital is in \$ Foreign Capital Inflow => ₹ Appreciates (Because of more \$) But consider this, Foreign Capital Inflow => More ₹ in ...
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votes
1answer
81 views

Anything written on the process behind “multiplicative” production function?

Intuitively, one might make a naive first guess that the production function of the economy, or of a firm, should be a "leontief" production function: "for example, you need both a factory and a ...
0
votes
1answer
434 views

Does Average Total Cost (ATC) include implicit opportunity costs?

Does the average total cost include opportunity costs? If so, are these opportunity costs considered fixed costs or variable costs? How are they calculated.
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1answer
194 views

Okun's law nominal GDP growth

Does Okun's law also work for nominal (not real) GDP growth?
0
votes
1answer
52 views

Human capital for under developed countries

I am currently undergoing a study on economic growth in 11 countries: Bangladesh, Egypt, Indonesia, Iran, Mexico, Philippines, Pakistan, South Korea, Turkey and Vietnam. I plan to use panel regression....
0
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1answer
37 views

Revealed preferance: elementary question

When the market prices are Rs 5 per apple and Rs 6 per orange a person buys 16 apples and 28 oranges. When the prices are Rs 4.4 per apple and Rs 6.4 per orange ,the person buys 20 apples and 25 ...
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votes
1answer
107 views

Do minimum wage laws bring more bad than good? [duplicate]

Let me begin by saying I know nothing about economics. In the past couple of days I've been listening to some lectures by Milton Friedman. They are of non-technical nature. In one of them he makes an ...
0
votes
1answer
27 views

What is the government's ideal rate of growth for property prices?

If property prices raise too quickly, it can price people out of the market, cause mortgage stress and financial hardship and create a property bubble. If property prices fall too quickly, it can be ...
0
votes
1answer
49 views

Do current Central Banks need to target a monetary aggregate as they set interest rates for a target inflation? [closed]

On reading a textbook, the author state that after the 80's, and the serious consequences of thinking that inflation could be controlled by just targeting a monetary aggregate, modern central banks(CB)...
0
votes
1answer
66 views

Doesnt the fact that cash reserves go down in recessions contradict Keynesianism?

It seems cash reserve is procyclical. Also anyone have the financial cash reserve data?
0
votes
1answer
76 views

What would be the economic effects of a reduction in the general level of protectionism on the Australian economy?

Protectionism methods including: tariffs, subsidies, quotas, local contents rules and export incentives Would would be the effects of a reduction of these methods, not complete free trade.
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votes
2answers
92 views

Private Investment Impact on Bond Yields

From Japan to the US to Germany, we are currently seeing longer term bond yields falling at an alarming rate. I tune into a fair bit of economic commentary, and can often come to some sort of ...
0
votes
2answers
153 views

Free market vs high income [closed]

While answering this question I was doing some research and found that the high-income world has Free Markets. Is it that because they are high-income, they have free markets, Or, is it that their ...
0
votes
1answer
44 views

Extension on the suspension of national debt ceiling

So I just want to make sure i got this right, The national debt ceiling was suspended, i.e. the government can now freely spend until Dec.8, which they "say" was for providing $15bn in hurricane ...
0
votes
1answer
212 views

How does an elastic Money Demand affects the effectiveness of fiscal policy?

From my notes: 'The elasticity of Money Demand reduces the impact on the interest rate of the increase in government spending...' My question is: if the Money Supply is inelastic, the elasticity of ...
0
votes
1answer
44 views

MLE estimation with serially correlated errors

I want to estimate the parameters of $a_t = a_{t-1}+\theta+\epsilon_t$ using MLE. Assume errors $\epsilon_t$ are serially correlated, then how would I choose the likelihood function?
0
votes
1answer
62 views

What is the interpretation of the output matrix of pivoting?

I have the following matrix: $$A= \begin{bmatrix} 1 & 2 & 3 \\ 2 & 3 & 4 \end{bmatrix}$$ After pivoting, I got this matrix: $$B= \begin{bmatrix} 1 & 2 & 3 \\ ...
0
votes
1answer
42 views

Do the stock performances of various companies have a measurable correlation with exchange rate?

For example if the values of big companies in a country decrease, will the value of that country's currency measurably decrease?
0
votes
5answers
157 views

Why do many countries hoard gold bars?

In my country, the only legal way to sell a gold bar is to sell it to the central bank. What are the reasons why some countries hoard gold bars?
-1
votes
3answers
214 views

Aside from buying IPOs, what exactly is the point of shareholders?

The more I look at the shareholder system in modern capitalism, the more it starts to appear as nothing more then an otherwise meaningless system that allows rich people to profit off others work ...
-1
votes
2answers
622 views

Did Zimbabwe have an inflation of 89.7 sextillion percent?

From a Cato Institute article by Steve Hanke1 (emphasis added): The Economist’s most recent infraction on Zimbabwe’s hyperinflation appeared in the May 2016 issue. The magazine claimed that the ...
-1
votes
2answers
171 views

Opportunity profits vs. opportunity costs

Having learned that Opportunity costs = the costs for avoided profits are a well established and quite useful economic concept, I wonder how its counterpart is officially called and investigated: ...
-1
votes
2answers
54 views

Is the mid-market currency exchange rate something real? Or are bid and ask rates the real rates?

Reading from this and other sources, it appears to me that there are three different ratios between any two currencies, namely the bid rate the ask rate the real rate My understaning is that the two ...
-1
votes
2answers
188 views

Does Keynesianism increase the incentive to invest? [closed]

Lets say you invest $1billion in a city in recession. The investment will have a multiplier, boosting the value of your investment. Thus if keynesianism was correct there would be an increased ...
-1
votes
1answer
111 views

How high of a carbon fee would reduce global emissions by 50% in 15 years?

OVERVIEW OF THE EMF 32 STUDY ON U.S. CARBON TAX SCENARIOS https://www.worldscientific.com/doi/pdfplus/10.1142/S201000781840002X About half of the EMF 32 models met a 50% reduction in carbon ...
-1
votes
1answer
278 views

Finding the optimal tax

I have a problem regarding the last two questions of this exercises because I can not understand how to set up my model in order to find the optimal tax the optimal quantity to be as there was not a ...
-1
votes
1answer
81 views

Do billionaires like Bill Gates have access to their entire net worth or it is symbolic?

I want to know if these people can spend or have access to all this anytime they want, without harming their businesses, or if there are bounds related to how much money they can spend/have access to. ...
-1
votes
1answer
270 views

Implication of first-order stochastic dominance

Use the utility index $U(x) = x$ to prove that if the distribution of $F$ first-order stochastically dominates distribution $G$, then the mean of $x$ under $G$ cannot exceed the mean of $x$ under $F$. ...
-1
votes
1answer
26 views

What is the tax rate U.S.Gov takes from individual income

How much should the person must get? and is it taken from any person who works in US? My country is paralyzed to impose this tax due to oligarchs heavy influence. I just wanted to gain some knowledge....
-1
votes
2answers
115 views

Why is Marginal Cost = Price better than Marginal Cost > Price for maximizing profit? [closed]

Isn't MC>P a better aim? Given the revenue you earn from each unit is more than cost in producing each unit?
-1
votes
1answer
180 views

What negative effects would result from globally fixing currency exchange rates?

Assuming one had the power to enact such a wide-ranging change, what would the negative effects of fixing the exchange rates between all currencies at the current rates, or the mean of the last week/...
-1
votes
1answer
320 views

The beta delta model

What is the $\beta$-$\delta$ model? How does it relate to present bias and the present value calculation?
-1
votes
1answer
85 views

Market Power in microeconomic theory

What does the term Market Power mean in microeconomic theory
-1
votes
1answer
31 views

Macroeconomics- money supply LM model [closed]

why does an increase in money supply , lower the interest rate and shift the LM curve down.?
-1
votes
3answers
95 views

Why does a strong dollar make imported goods cheaper?

I'm having a hard time visualizing why a strong dollar would make an imported good cheaper? If I buy an ounce of gold in the US for \$1,353.70 (todays rate) and I buy an ounce of gold in Europe, ...
-1
votes
1answer
71 views

How did economics become a “science”, an academic field?

How did economics become a "science", an academic field? Because I think of it as a soft science and thus in order to be considered a science it would need to be able to reply to the hard sciences? ...
-1
votes
1answer
53 views

For any given non-null game, is there always a finite amount of Nash equilibria? [closed]

Let's say I'm given a matrix ixj with n games, is there a finite amount of Nash equilibria for those games?
-1
votes
1answer
29 views

Surveys which capture income of individuals and other details

Please provide list of surveys which capture income of individuals, income determinants like education, age, work experience, field of work etc and, details about his family particularly number of ...
-1
votes
1answer
66 views

Is HIV An Economic Positive In Light of Human Overpopulation? [closed]

A few economists say that the human population is too high and if it continues to grow, may become too large for our planet to sustain it. While others can debate whether this is true or not, let's ...
-1
votes
2answers
99 views

Is Behavioural Economics Thymological, or does any branch or scholar concern itself with Thymology?

[Thymology] is what a man knows about the way in which people value different conditions, about their wishes and desires and their plans to realize these wishes and desires. It is the knowledge of ...
-1
votes
2answers
357 views

How to incorporate I parameter in GRETL application for ARIMA model? [closed]

How to incorporate I parameter in GRETL application for ARIMA model? Able to incorporate parameter AR and MA but not sure how to incoporate the I parameter?
-1
votes
1answer
228 views

Is the Federal Reserve even necessary? [closed]

A friend of mine told me that the Federal Reserve bank is the most evil thing in the world. Things like we can't print our own money and how this debt based fiat currency will destroy everything. ...

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