…funds (DoD providers, automobile fleets, interstate paving contractors, power supply and distribution companies, etc.) In a ridiculously oversimplified model, the spreads simply expand by Ω, with a possible adjustment downward…

…simple model of real wage growth on nonfarm payroll growth. The chart for the 1996-2011 model is illustrated below; and for reference, the regression results across both time periods are…

…‘takes important steps in this direction by initiating programs of research into innovative payment and service delivery models,’ the Trustees explain ‘such as accountable care organizations, patient-centered ‘medical homes,’ improvement…

…it be possible to move into the “rice and beans” model while concurrently building solid economic walls to provide breathing space and room for more effective wiggling? Could the model…

…PDF): [T]his paper estimates a New Keynesian model with unemployment and performs a counterfactual experiment where monetary policy strictly follows a Taylor rule over the period 2002:Q1 – 2006:Q4. The…

…study, by researchers at the Social Security Administration and the Urban Institute, modeled the consequences over the next 22 years of eliminating many defined benefit pensions. The report projected what…

…a bandwaggon effect. So the publication bias hypothesis makes sense. I am going to make absolutely key unsupported assumptions in order to write down a model. Then I will pretend…

…in terms of merely “fitting the data points,” Prescott infamously showed that a simple RBC model works rather well. At risk of getting sidetracked, a couple notes about the Phillips…

Robert Waldmann As he watches policy makers cry “fire fire” in Noah’s flood, Paul Krugman becomes almost shrill. He has a simple (rigorous) model which suggests more stimulus would be…

…the late 1990s, the so-called “interventionist” East Asian alliance model of capitalism was highly lauded by institutions such as the World Bank and even the IMF itself. A common thread…