…back and forth. OK back to my “model”. Just to recall, the model assumes that the oil companies have formed a cartel and that it has become more difficult for…

…which epidemiological model results are integrated with an economic model of the U.S. agricultural sector to estimate the economic impacts of outbreaks of foreign-source livestock diseases. The framework can be…

…policies have lowered the savings rate. While one might try to go beyond my simple growth model, Mr. Darda has provided us with no model – just a spurious assertion….

…returned to normal. So why haven’t prices flattened out or even decreased? A Bubble Model A couple of months ago I suggested a model of how speculation was causing the…

…I suspect they did re-run their model and found that an unbiased model did not give them the answer that their political bosses wanted. But I could be wrong and…

…we now have modest investment and very little savings. But I’ve done some Mundell modeling on the back of an envelope and this modeling makes a more fundamental point if…

…the restriction that employees cannot sell their options to brokers would cause one to modify the textbook version of the Black-Scholes model. But tax practitioners often rely on some silly…

…that there aren’t enough data to test the models. The problem is that the models are grossly massively false. Some excerpts and comments “the imaginative construction of theoretical models is…

…with a simplified model where productive capacity is multiplied by the utilization of labor and capital. (The utilization of labor and capital is determined by multiplying the utilization rate of…

I have been reading David Romer’s class notes called Short-run fluctuations. Part of his paper deals with a model to explain inflation in a liquidity trap. The model is based…