…the Fed. “Now they have slow GDP growth and fast employment growth. That will make brains explode on Constitution Ave.” Yet, Brains need not explode. I have had a model…

…predicted upper limit of core inflation according to the pattern set up in the model. So the model predicts that core inflation will ride along or under this upper limit…

…all-too-easy way to reinforce and legitimate skewed power dynamics. One part of her talk, on how hiring practices reinforce existing “success” models, which often have embedded biases, is consistent with…

Paul Krugman demonstrates just how simple models can and should be. He presented a trade model on the New York Times opinion pages. He also apologised for extreme wonkishness, but…

…they used a Newey-West estimator to build the model to account for heteroscedasticity and autocorrelation in the errors.) After creating the model, they grouped the independent variables into three categories:…

…to consumer. Going full Hicks (the orignal IS-LM model) that is 1-1/(the multiplier) = 1/3. To consistently apply the original IS-lm model, Krugman should calculate (multiplier -1)(the tax cut) =…

…The report can be found here. It does say on page 37:   The results of the industry- and provision-specific analyses were then jointly integrated into an economy-wide model that…

…Economy”. It’s the mathematical model from which Nordhaus derives the results noted in the previous figures. DICE is based on the Neoclassical long term growth model devised by the mathematical…

…unemployment is efficient right now. Also note that Keynesians have no problem recognizing that reduced output and employment can sometimes be efficient. Now I am going to present a model…

…would wind up forever dragging around this same Policing Model, a model purportedly somewhat based on some interpretation of the Old Testament of the Bible, a Model with ties to…