Category: Pedagogical Note
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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…
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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…
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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.…
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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…
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Moments of a discrete distribution with Mathematica
One way to convince some students that it is simple to demonstrate the value of the two first moments of a discrete distribution is to use…
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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…
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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.…
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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…
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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,…
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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…
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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…
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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…