…using the dynamic model for the circular flow to test his idea. As it turns out, the model shows that the natural real GDP equilibrium level would rise… holding other…

…you’ve never heard of.” Working from historical data, forecasters may develop an elaborate model that seems to account for every wiggle in a curve. But that model may be, as…

Correction appended below. —- Scott Lemieux weighs in at The Week, writing that, although “Supreme Court voting is too complex to be explained by any single factor,” the “attitudinal model”…

…model graph above.) The various decades have been color coded. A pattern emerges that matches the model. The sloping black lines demarcate the boundaries of labor supply and labor demand….

Sorry, Krugman and others. This just ain’t going to happen. More on the labor-market model using labor share. I want to look at productivity to make the case that the…

…presented a production and exchange model that deserves to be much better known. It is a very elementary model and thus, as Rapoport warns repeatedly, the results should not be…

…is nothing in the model which implies this. It is an insane assumption about the representative country, which has no place in a model in which different countries have different…

…add experts’ ratings to the classic” gives them only 62%. Which model is optimal ? The Deluxe model gives the best fit with past elections — this must be true…

…that focuses on personal disposable income, the “fundamentals” models strongly indicate a big Trump loss. Further, the model that is based no the Index of Leading Indicators foretold this over…

…there is only a role for money if there is friction in the model, and therefore a two-household (or household-firm or firm-firm) model makes money if not superfluous, then at…