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Two or more non-stationary, integrated variables are cointegrated if there exists a linear combination of those variables which is integrated of a lower order, e.g. stationary.
related to a Scottish economist Adam Smith, the author of "An Inquiry into the Nature and Causes of the Wealth of Nations"
The black economy (conducted on the black market) is part of the economy that is illegal not merely because it is not taxed but also because it is considered damaging by society.
a software for handling a wide array of economic models, with specific focus on dynamic stochastic general equilibrium (DSGE) and overlapping generations (OLG) models
Economic investigations of fairness provide precise definitions for fairness of allocations or decision rules. This tag has very little to do with what you 'feel' to be fair, desirable, just, unless y…
an interpreted and general-purpose programming language
refers to non-constant variance of errors across different observations
ode - ordinary differential equations