…80 years ago. The old Keynesian model of consumption also has the advantage that it is so tractable that adding it to a model of other macroeconomic variables adds almost…

…be reasonable to model the NAWRU as a random walk without drift. Brief summary of our arguments against the current NAWRU estimates Briefly 1) the second order random walk model…

The division of labor is limited by the extent of the market. The model is a modified version of the simplified Romer 90 model. The modification is that there is…

…physicians what they already k new, Depakote was a very valuable medication for “off-label” (unapproved uses). In the irony department, prescribing and administering Depakote for off-label uses is legal, and…

…information about products’ energy use. Label is voluntary, and Congress ordered it The Energy Star label is voluntary for products that meet certain efficiency levels, and differs from Department of…

…president, Scott Rozelle of Stanford. The simplistic version of the “Mandarin model of growth” according to Wei Xiong is “political centralization with fiscal decentralization.” He then presented a math model…

Update: More expansive discussion of this model with more graphics, here. Update 2: There is a revised and corrected version of the model and spreadsheet here, with discussion. It has…

…with a pseudo prior that a good model is not too far from a standard DSGE model. This is the sort of thing done with high dimensional VARs using the…

…of Bowie’s oeuvre had provided a level of patronage that’s inconceivable for a musician of Bowie’s bent today…he spent the Nineties as a free agent, jumping from label to label,…

…model would otherwise predict during the 1929-1932 recession/depression, and faster than the model would otherwise predict during the 1940-1944 period when the US gov’t ramped up its involvement in the…