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 country. The general inflation which…
Category: Pedagogical Note
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 estimator: An estimator whose expected value is equal…
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, qui s’opposent à la…
The Phillips curve has disappeared… not yet!
Downward wage and price rigidity matters only when overall inflation is very low. Joseph E. Gagnon. As the US unemployment rate continues to drift down to levels not seen in…
Comment réduire les déséquilibres de compétitivité dans la zone euro ?
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 d’aucun inconvénient….
Competitiveness imbalances in the eurozone
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 adjustment, he…
