…traps veterans in a disability identity, teaching them to chase a 100% rating as proof of honor or source of validation. 9 of the top 10 conditions for newly rated…

…this is too good not to post: Unfortunately, many default models using original LTV [Loan-to-Value] have underestimated the level of delinquencies in recent years. Measurement of the amount of equity…

…Mark Thoma at Marketwatch: If you can’t build a better model, best to reappoint a man who doesn’t think he has to do half of his job. (UPDATE: Or even…

The ABX.HE index, which is based on credit default swaps on different tranches of subprime mortgage-backed securities. (Federal Reserve Bank of Cleveland) Hat tip to Jim Satterfield for this link…

…them to explain anything and nothing and predict anything they want (see the Confidence Fairy). This leads to the conclusion 3) If we want to use models to prediction what…

…more ‘academic days’ when I was inundated with models of theoretical macro. As you have no doubt noticed, I’ve gone the applied financial route since then.) The economic model of…

…PIH are also explained by this not at all optimizing model ? I think basically all of them. The model is due to Stever Marglin who was a bit too…

…real-sector variables. In contrast to accounting models, the financial sector is thus absent (not explicitly modelled) in the model. Paper (pdf). A very nice summary here. You may take issue…

…model that explains over three quarters of the annual movement in real GDP between 1929 and the present. The model depends on marginal tax rates, government spending, the Fed, and…

…at the same time. But this left the Report and its recommendations exposed, particularly CSSS Model 2 which was known to be the Administrations preferred plan (Model 1 & 3…