Macroeconometric Forecasting
The course by IMF focuses on the application of econometric techniques for modelling the dynamic behavior of macroeconomic variables, like, consumption, investment etc. and their response to policy changes.
Posts
Types of Technical progress and its implications in Solow model
Notes based on the lecture by Prof. Alwyn Young discuss types of technical processes, Uzawa's theorem and its implications.
Practical aspects of growth accounting and the issue of double deflation
Here the notes discuss how TFP calculations are actually done in practicality. It also discusses sectoral output functions and uses them to derive aggregated GDP for the economy, introducing the idea of Domar weights on the go.
Economic Growth Calculations - National Accounts vs PWT
Notes based on the lecture by Prof. Alwyn Young discusses the problems of growth accounting. It describes the growth calculation using the National Accounts, its shortcomings and the potential solution - the chained index. Additionally, the lecture also discusses the growth calculation method adopted by PWT and its potential issues.
Behind the Penn World Table's
Notes based on the lecture by Prof. Alwyn Young discusses the math described in the paper on PWT construction (Feenstra, Inklaar and Timmer). We also discuss the older and the newer PWT's, their differences and issues.
Growth Accounting and TFP
Notes discuss the basics of TFP. Referenced to Prof. Alwyn Young. Click here to read my notes.
Solow's model and the golden rule
Notes based on the lecture by Prof. Alwyn Young discuss the basics of production functions, their connection with Solow models and the golden rule.
Price Indices and Gerschenkron effects
Notes based on the lecture by Prof. Alwyn Young discuss prices and quantity indices - Laspeyres and Paasche and analyzes their behaviours. It does it for both consumption and production Gerschenkron.
Developments in business climate since 2014 - Preliminary data visualization
The stock markets have reached record levels and do not show much lethargy yet. Some articles justified these new heights of the stock markets by investors estimation of forwarding PEG.
Macroeconomics of Flu
The macroeconomic flu is a temporary negative supply and demand shock, that is a temporary decline in output followed by a quick recovery.
Is Government Debt Burden for Future Generations
Suppose there's a closed economy. Now imagine a household (economy) with two people A and B in which B always borrows money from A.
Modern Business Cycle Model with Search Friction
The big picture in this model is that markets do not clear instantaneously to make everyone happy. There are frictions in the labour market. This Diamond, Pissarides model has real unemployment. In RBC models we witness that unemployment is voluntary in nature.
Government Debt, deficit and Policy Issues - Macroeconomics
Is government debt a problem? There are two parts to a question of government debt: