Try to build a simple Excel simulation of our growth model, streamlined. We can embed it in a full production function, but just use the…
Economics 398 Winter 2017
For many people, mortgage rates are the most important rates they will consider in their entire lives. Because of this, mortgage rates need to be…
We frequently see claims that a lower tax rate – particularly of corporate or personal income taxes – will work miracles. That is seldom the…
Treasuries and corporate bonds are two types of investments ruled by interest rates. The interest rate on corporate bonds will always be higher due to…
In his article, “What Is the New Normal for U.S. Growth,” John Fernald argues that the United States could plausibly see a decline in average…
Arbitrage. With perfect foresight and no risk premium the return one-year bond should be equal to the interest rate on a six-month bond bought today,…
TuTh 11:50am-1:15pm Early-Fielding 200 under construction (duh!)
“Long” Treasuries yield a scant 2.6% over 30 years. Basic theory suggests this should should equal expected growth rate plus inflation. If a rise in…
Clements, Benedict, Kamil Dybczak, Victor Gaspar, Sanjeev Gupta, and Mauricio Soto. 2015. “The Fiscal Consequences of Shrinking Populations.” SDN/15/21. International Monetary Fund. What is “fiscal…
We will continue our discussion of intergenerational transfers and overlapping generations issues. To make it concrete, we’ll look at the US Social Security programs. FAQs:…
A report by the Census Bureau titled, Fertility of Women in the United States: 2012 describes the characteristics of mothers by variables such as race, location, and…
As a followup to our class conversation on summer jobs on Friday, here’s a link to an item on “What happened to summer jobs?” on…
This paper attempts to: compare GDP per capita level and growth across 17 advanced countries over 1890-2013. compare the level and growth of the main…
I post expanded notes from my weekly radio show at Autos and Economics on blogspot.com. This week I was asked to comment on Trump’s tax…
An index is used to compare economic data, typically price or quantity against a base value. Specifically, the Consumer Price Index is used to measure…
My topic of interest is import-substitution. Governments in developing economies sometimes try to protect developing industries by taxing or disallowing importation of the good or…
My paper topic idea is to look at the intersection of Stolper-Samuelson and the benefits of international trade for US workers. Essentially if unskilled workers…
My idea is to look at the studies of the Great Depression in the 1930s and the U.S. subprime mortgage crisis in 2008 since the…
My first choice for a paper topic is the relationship between FDI and trade. I want to see if increases in FDI will lead to…
Robert Solow’s Paper “Technical Change and the Aggregate Production Function” details a method of distinguishing shifts of the aggregate production function from movements along it.…