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The only difference between consumer and capital goods is whether or not the good in question is purchased by a firm or a consumer. The practical implications of this is whether or not this expenditu …

Deciding on whether to use monthly,quarterly or yearly data depends on over what period you wish to investigate for potential policy intervention. The term costs and benefits solely depends on what t …

frac{\frac{\Delta Y}{Y}}{\frac{\Delta P}{P}}\right)$$ $$\ln\left(\frac{\Delta PCI}{PCI}\right)=\ln\left(\frac{\Delta Y}{Y}\right)-\ln\left(\frac{\Delta P}{P}\right)$$ in more formal notation used in macroeconomics …

I would guess that this Is due to the variance that exists in the tool used to make predictions about unemployment in the economy known as Okun's Law. As stated on wikipedia as: The gap version o …

It seems unlikely that any authoritative source would consider credit card points, airline miles or store credit as apart of M2 money supply. As you have probably read on investopedia: What is 'M …

The best advice I've found on the topic have been summed up by the words of Hal Varian. "In my view, it is impossible to learn economic theory without solving lots of problems"1 The more problem …

I definately reccomend Introductory Econometrics for Finance by Chris brooks. a little more finance focused in its case studies, however it is an excellent primer to forecasting in economics. Builds …

Given the large amount of commentary on the state of the economy, I've found that most of the time the theme of the articles are always that there is something wrong/ abnormal with regards to the econ …

I've recently started my PhD and upon looking at my textbook (the sargent one) I found that it differed greatly from my Masters textbook (Romer) and in turn my undergraduate macro text (williamson). …

I was told that there are really two broad categories of economic models in macroeconomics. …

To get feel of whats going on here more technically usually in intermediate macroeconomics II/intermediate microeconomics II courses we work through examples of Robinson Crusoe Economies. … I think its a great teaching tool, then again I am yet to teach introductory microeconomics and macroeconomics. …

As a PhD student the standard macroecononomics education I have received (and continue to receive) revolves around the most realistic model of market structure ive seen to date, that being sequential …

I'm an economics PhD student and throughout my macroeconomics education I've found the topic of economic growth always being discussed at great length. …

I'm not sure if this is a silly question or overly semantic but I think the term "Crisis" is misunderstood (or at least misunderstood by myself). There are a number of ways the term is used, namely: …

Im assuming you're discussing some of the models associated with Real Business Cycle Theory. These models have a structural underpinnings (meaning that there is some assumptions/empirics with regard …