A simple model of the determination of the GDP with Mathematica
In this blog, I will show how to build a simple model of the determination of the GDP with government and trade. The idea is to find the equilibrium GDP, where ...
Category: Pedagogical Note
Jupyter Notebook with Stata 17
You want to launch Stata in a Jupyter Notebook? In the following file, you will see how to launch and use Stata from a Jupyter notebook and associate the streng...
Using FRED with Mathematica
It is a capital mistake to theorize before one has data. Insensibly one begins to twist facts to suit theories, instead of theories to suit facts. Sherlock Holm...
Using FRED with Stata
The temptation to form premature theories upon insufficient data is the bane of our profession. Sherlock Holmes.The Valley of Fear, Sir Arthur Conan Doyle (1915...
Moments of a discrete distribution with Mathematica
The die has been cast. Julius Caesar (49 BC) One way to convince some students that it is simple to demonstrate the value of the two first moments of a discrete...
The Bretton Woods era through the exchange rate lens
A good way to visualize the effects of the international monetary system during the Bretton Wood era is to plot exchange rates over a long run period for the 19...
Burgernomics: clearly explained!
The rate of exchange between two countries is primarily determined by the quotient between the internal purchasing power against goods of the money of each coun...
Unbiased estimator for population variance: clearly explained!
Estimator: A statistic used to approximate a population parameter. Sometimes called a point estimator. Estimate: The observed value of the estimator. Unbiased e...
Logistic growth: clearly explained!
La loi de la population nous est inconnue, parce qu’on ignore la nature de la fonction qui sert de mesure aux obstacles, tant préventifs que destructifs, ...
The Phillips curve has disappeared… not yet!
Downward wage and price rigidity matters only when overall inflation is very low. Joseph E. Gagnon (2018). As the US unemployment rate continues to drift down t...
