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1500 questions
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3 answers
How does lowering a corporate tax rate benefit a nation?
When governments talk about about lowering corporate tax rates they claim there is benefit in one form or another. The problem is the mechanism of how the benefit can work is never explained.
The closest I've seen is that it will result in more…
user1605665
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6
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Is it correct to say that wealth is "destroyed" when an asset bubble bursts?
I was reading this article from the World Economic Forum, when I came across this passage:
When the global equity and real estate markets hit their lowest points in March 2009, \$34.4 trillion of global wealth was destroyed. US households lost…
P A N
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6
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What is the point of the indirect utility function?
Where does this have application? I understand how the demand function may be arrived at using the utility maximization problem but I don't understand where the indirect utility function is used and I think the two are somewhat related... Please…
TheEconomist
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6
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2 answers
Is money capital?
The Oxford English Dictionary defines "capital" as
n. economic goods (e.g. railways, ships, machinery, buildings) destined for use in production (as opposed to consumers' goods).
Historically, the first use of money has been to facilitate trade.…
Geremia
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6
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1 answer
Where do computational economists work
Does anybody know what kind of work or where computational economists end up working? It seems most end up in research...
cyvarza
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6
votes
4 answers
What are the economic ramifications of rent control?
What effect do they have on renters? Landlords? Are there examples of rent control working, improving living conditions for renters?
I.e. What are the main arguments for/against rent control (purely economic, not emotional or moral).
bloopton
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6
votes
2 answers
Financial Economics Textbooks
I have an interest in financial economics, and I plan to take the graduate sequence, however I did not take an undergraduate course in that field. I would really appreciate it if someone could recommend a textbook for financial economics. I would…
DornerA
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6
votes
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Is there a study of world poverty rates over time pre 1800?
There seems to be research showing that world poverty rates have declined since 1800, see eg this. Is there any research on world poverty rates before this period? I am guessing that during this period poverty in much of the world would have gone up…
Max Flander
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6
votes
5 answers
Book recommendations on empirical methods in economic research and econometrics?
This question is more so geared toward anyone with research experience within economics, though of course, anyone is welcome to respond.
I'm an undergraduate math major with a minor in economics. I'd like to know which textbooks are decent for…
daOnlyBG
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6
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1 answer
Why has increased productivity over the last 100 years not affected how much people work?
If we are generally richer and more productive due to better technology and other factors, why do we still work so much?
I understand that there are various incentives to work (e.g. implicit status awards) that aren't linked with productivity in…
gsastry
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6
votes
1 answer
What is the point of silent auctions?
A while back, someone decided to auction off something unique and valuable, as a silent auction: everyone would submit one bid only, and whoever bid the highest would win.
I submitted a bid that I thought would be higher than most people would pay,…
Mason Wheeler
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6
votes
1 answer
Pesaran's CCEP estimator in eviews
I intend to use Pesaran's (2006) common correlated effects pooled (CCEP) estimator. However, I'm not yet very familiar with advanced econometrics and advanced use of eviews. More specifically I want to estimate this model:
\begin{equation}
y_{it} =…
Wecon
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6
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About intertemporal elasticity of substitution
The inter temporal elasticity of substitution between two periods of time is $$\sigma=-\frac{d[\ln(c(s)/c(t))]}{d[\ln(U'(c(s))/U'(c(t)))]}$$ I need to prove that $$\lim_{s \to t}\sigma = -\frac{U'(c(t))}{U''(c(t))c(t)}$$
So, I have the following by…
Marcos Fabian C
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6
votes
1 answer
Gali - Monetary Policy - Solutions?
I am working through exercises in Gali but some of them are rather difficult. I am trying to find a solutions manual to use as an aide for exercises that completely stump me and to confirm solutions for the exercises I have completed.
Does anyone…
guestguestguest
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6
votes
2 answers
What is Negative Interest Rate?
I want to know about Negative Interest Rate. What it is? Is it good or bad? How it affects economy and thus general people?
I have been reading these words a lot lately in business news...
Alex Jones
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