Incredibly, Nakamura’s award is the first Clark to go to a macroeconomist in the 21st century. The Great Recession, the massive changes in global trade patterns, the rise of monetary areas like the Eurozone, the “savings glut” and its effect on interest rates, the change in openness to...
To a macroeconomist, what is the difference between saving and investment? What is the best way for an emerging market to deal with "hot money?" What are some resources that can minimize the risks of investments? During the 2008 bubble, in which market should I have invested in order to ...
Question: Economists think that CPI overestimates inflation. a. List down three possible reasons for the overestimation. b. Explain each reason. Inflation: Inflation, in economics, is defined as an increase in the general price level in an...
Also, Larry and Scott should consult theIndexofLonergan’sInsight: A Study of Human Understanding(Referenced asCWL 3)re“heuristic structure”and“scientific method”in order to gain an appreciation ofscientificintellectualism vs. the macroeconomist’s guesswork conceptualism .They must grasp the role ...
How do you suggest we deal with this problem? Barnett: I would suggest a Monte Carlo study, to see which is best at approximating known utility functions used to generate the data, as I have done in my comparisons between the AIDS model and the Rotterdam model. But I would not limit ...
and that is why I am sharing now. I am not filing a formal complaint. I am sharing. After more than a decade as a macroeconomist, I am fine. You know me. It is painful to share a part of me you did not know. It is painful to revisit. I do not name names to tar and feathe...
Would the factors affecting average wages in the U.S. economy be studied by a macroeconomist or a microeconomist? Explain. Which of the following factors contribute to economic growth? Choose all that apply. a. An increase in the...
We would expect a macroeconomist, as opposed to a microeconomist, to be particularly interested in( ) A.identifying those markets that are competitive and those that are not competitive.B.devising policies to deal with market failures such as ext
optimalmonetarypolicy.Forthisreason,macroeconomistshavehadapersistentinterestinmicro- levelempiricalevidenceaboutthebehaviorofprices.WeuseBLSmicrodataunderlyingthe consumerandproducerpriceindicestodocumentfivebasicfeaturesofpriceadjustment.We interpretthisevidencethroughthelensofabenchmarkmenucostmodel. ...
2. Hayek didn’t do ANY work in the realm of either empirical study or policy recommendations in the 1930s.” I have several reactions. First, I never claimed the opposite. Second, with friends like you Hayek doesn’t need enemies. Any macroeconomist who ignores empirical issues is almost ...