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). In this blog,…
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). In this blog,…
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…
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 rate of exchange between two countries is primarily determined by the quotient between the internal purchasing power against goods of the money of each country. The general…
Estimator: A statistic used to approximate a population parameter. Sometimes called a point estimator. Estimate: The observed value of the estimator. Unbiased estimator: An estimator whose expected value…
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, qui s’opposent…
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 to levels…
Le processus d’ajustement est obligatoire pour le débiteur et facultatif pour le créancier. Si le créancier choisit ou non de réaliser sa part de l’ajustement, il ne souffre…
The process of adjustment is compulsory for the debtor and voluntary for the creditor. If the creditor does not choose to make, or allow, his share of the…
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