Some economists argue that since an economy grows when production capabilities are increased, a decrease in tax on... Learn more about this topic: Economic Growth, Productivity & Policy from Chapter 62/ Lesson 1 3.1K Periods of economic growth are those in which people are working and spe...
You must be able to confidently claim that certain measures in your data are measuring only one factor. The alternative is to abandon estimating the model. In other words, the Kalman Filter is not all-powerful — certain models simply cannot be estimated with certain data, and trying to ...
Like so many important economists, Fisher is generally remembered today for his wrong-headed contributions and nearly forgotten (at least in textbooks) for his most important one. The Fisher equation (actual interest rate = real inflation rate plus the rate of inflation) is in every introductory ...