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Conventions for reading mathematically rigorous academic articles in economics

Welcome to Economics Stack Exchange elasticity6565. I was asking myself the same question as an undergrad and found that others struggle with this as well. I am now at the end of my masters degree and ...
Martin Georg Haas's user avatar
8 votes

Learning post-keynesian and marxist economics

.. what explains the lack of pluralism in the current academic landscape? A) This is mostly due to empirical revolution in economics. In the past economics used to have a lot of schools of thought (e....
1muflon1's user avatar
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8 votes
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Does julia's speed advantage over python make any difference for DSGE modeling?

Julia is actually a lot faster than Python, also when running DSGE models. The NY FED moved their DSGE model to Julia because it allows them to: Estimate models 10x faster Complete 'solve' test 11x ...
AKdemy's user avatar
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6 votes
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Is it necessary to ask permission before including someone in the acknowledgements of a economic research paper?

In short, no it is not necessary. I have never asked anyone for permission and I have never been asked. The people I thank usually have not read my paper (rarely anyone does, to be honest), but we ...
Bayesian's user avatar
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5 votes

Does julia's speed advantage over python make any difference for DSGE modeling?

There are certainly cases where the performance differences between Python and Julia matter, but solving a simple DSGE model is not one of them. There have been some formal comparison exercises (e.g., ...
Joe's user avatar
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4 votes
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Barro's (2009) rare disaster model in the AER: How to derive equation (10)?

I think Barro means in the footnote that Giovanni and Weil find the same equation, $U_t=\Phi C^{1-\gamma}$, but using the optimal path of $C_t$. In Barro's paper, the approach is different given that ...
GuiWil's user avatar
  • 887
4 votes

Optimal price function: application of calculus of variations

Not really an answer, but too long for comment. The $P$ in your $$y(u,v)^*= \frac{v-P(y^*)}{P'(y^*)} +u$$ expression from the insider's problem and the $P$ in the expression $$ \min_{P(\cdot)} \...
Michael's user avatar
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4 votes

What are some applications of Real Analysis in Graduate Economics?

My favorite example of real analysis' application in micro is the proof that lexicographic preference cannot be represented by any utility function. (A succinct version of the proof is given in p.43 ...
Herr K.'s user avatar
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4 votes

How do I elegantly upload my working paper on SSRN?

Will registering SSRN with a private email address impact credibility or other dimensions? I am a Ph.D. candidate and have an institutional mailbox. But considering that I am about to graduate, the ...
1muflon1's user avatar
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4 votes
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What should I gain out of second year classes?

Since you use the academic-graduate tag, I assume you're talking about the second year in a graduate (presumably PhD) program. Congrats on making it past the ...
Herr K.'s user avatar
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4 votes
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Arrow's Dictator

The object of Arrow's theorem are social welfare functions, which maps profiles of strict preference relations to to preference relations, $f:\mathcal{P}^n\to\mathcal{R}$. There are some variations in ...
Michael Greinecker's user avatar
3 votes

What should I gain out of second year classes?

As a grad student, anytime you read a paper my two pieces of advice are: Make sure you understand the tools and methods. You may need to use them later in your own research. There are things most ...
Michael Gmeiner's user avatar
3 votes

Economics PhD graduate?

Your claim that most go into academia is wrong. From the top universities, about half to two-thirds go into academia, but from most universities, most go to non-academic careers. It's simple ...
Sander Heinsalu's user avatar
3 votes
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Market Power in microeconomic theory

In competition policy (part of microeconomics), market power is often defined as the ability of a firm to raise and maintain prices above the levels that would prevail under competitive conditions (...
Henry's user avatar
  • 4,765
3 votes

Solving Leeper (1991) model

You have the government's flow budget constraint (re-written in real terms): $b_{t} + m_{t} + \tau_{t} = g + \frac{m_{t-1}}{\pi_{t}} + R_{t-1}\frac{b_{t-1}}{\pi_{t}}$ (1) Now all you need to do is ...
user11767's user avatar
  • 661
3 votes
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Optimal consumption in Merton-like portfolio choice model with constant wage

$\newcommand{\R}{\mathbb{R}} \newcommand{\N}{\mathbb{N}} \newcommand{\F}{\mathbb{F}} \newcommand{\C}{\mathbb{C}} \newcommand{\E}{\mathbb{E}} %short command for inseting abbreviated "such that" in a ...
jmbejara's user avatar
  • 9,355
3 votes

Firm Sizes over the business cycle

These guys (paper) claim the distribution is still power-law, but steeper in recessions and flatter in booms. [Content added after suggestion] While it is well known that the distribution of firm ...
Fix.B.'s user avatar
  • 2,668
3 votes

Graduate level economics lecture videos?

Ivan Cavay's lectures are quite nice for Econometrics topics going beyond the core. Unfortunately, without problem sets though.
Papayapap's user avatar
  • 1,843
3 votes

What are some good general economic journals to keep up with the literature in various fields?

Journal of Economic Surveys may be a relevant journal. Here is an excerpt from their website: The Journal of Economic Surveys seeks to improve the communication of new ideas in economics, ...
Richard Hardy's user avatar
3 votes

What are some good general economic journals to keep up with the literature in various fields?

The Journal of Economic Perspectives, of the American Economic Association, could be useful, it is a general economic journal. From the website presentation: The journal publishes articles that will ...
BakerStreet's user avatar
  • 3,887
2 votes
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A general formulation to capture price stickiness

I will answer the first question, I believe the second one can be found in the book's appendix. "Price stickiness" is defined with respect to the optimal price level for the period (here denoted by a ...
Alecos Papadopoulos's user avatar
2 votes
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Where to find the latest statistics of brain drain in the world?

Well this is not easy to answer because there is no single measure of brain drain. For example, many times brain drain is just measured as net immigration from a country (since it is reasonable to ...
1muflon1's user avatar
  • 56.9k
2 votes

Log linearising (Gali textbook)

$$\frac{x_{t+1}}{x_t} \equiv \frac{x_{t}+Δx_{t+1}}{x_t} = 1+\frac{Δx_{t+1}}{x_t}$$ Further, $$\ln (1+a) \approx a,$$ an acceptable approximation for $|a| <0.1$ and certainly for $|a| <0.05$.
Alecos Papadopoulos's user avatar
2 votes

Does julia's speed advantage over python make any difference for DSGE modeling?

The comparison between julia and python is apples to oranges. They have completely different architectures and performance characteristics. Julia uses JIT compilation to native machine code, which ...
user38657's user avatar
1 vote

Opportunities for Computer Science Graduates in the Field of Economics

As a CS graduate how much struggle I am to face in this field? What will be the best way to approach this field as a newcomer? You'll probably struggle in the econometrics and statistics portion, ...
RegressForward's user avatar
1 vote
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Thesis research advice on what statistical method to use for small sample?

I do not completely understand what you mean by "summing up the data", but I think it is pretty safe to say that the distribution isn't normal. Since you are using a Likert-scale, presumably all ...
Alba's user avatar
  • 56
1 vote
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What is the difference between a power law exponent and the Pareto exponent?

A random variable $X$ has a Pareto distribution with Pareto exponent $\theta$ if $$\text{P}(X>x)=\begin{cases} \left(\frac{x}{x_m}\right)^\theta \quad \text{ if } x\geq x_{min}\\ \ \ 1 \quad ...
Angela Pretorius's user avatar
1 vote
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Log linearising (Gali textbook)

We can easily switch between logged equations and log-deviations. To see this, note that a given equation always holds, and therefore it also holds in steady state. Hence, you can just subtract the ...
Chris tie's user avatar
  • 870
1 vote

$\alpha$ condition and choice structure

A choice structure can be whatever it wants to be. A choice structure that is rationalizable by a preference relation must (among other things) satisfy Sen's $\alpha$. So if you want to show that a ...
VCG's user avatar
  • 766
1 vote

Using web scraped data for consumer price indices

In Spanish you can reach IPC Online project in Argentina. https://ipconlinebb.wordpress.com/
Juan Manuel Larrosa's user avatar

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