What is CGE Modeling? Computable General Equilibrium (CGE) modeling is a type of economic modeling used to study the impacts of economic policies and shocks on the economy as a whole. The goal of CGE modeling is to provide a comprehensive and consistent representation of the interactions among different sectors and agents within an economy. …
Summary: In this article, we will review very useful packages in the R library which allow downloading the data from the World Development Indicators (WDI) of the World Bank. After that, we will execute some simple tools to create a nice graph of correlations and some basic descriptive statistics. Let’s say we want to use …
A blog post by Ryan Jacildo Central bank digital currencies, or CBDCs, are currently one of the topics de jour within circles of monetary authorities and financial market regulators. CBDCs are essentially digital banknotes that can be used by individuals to pay businesses, shops, or each other (i.e., retail CBDC), or between financial institutions to …
A blog post by Ryan Jacildo Neo banks, digital banks, and virtual banks are terms that have been interchangeably used to refer to banks that only operate in virtual space without physical branches. The origins of neo-banks are rather unclear at this point, albeit many accounts indicate that they started after the global financial crisis …
Whether if welfare is affected by inequality or growth is one of the “hot” topics in economics. It is stated from economic theory that Welfare can be affected in two potential ways by these situations. A positive effect over Welfare from economic growth, and a negative effect of Welfare by increases in inequality. Some new …
Is Welfare affected more by inequality than economic growth? Read More »
M&S Research hub announces for the “Economic Posting Contest” Authors of the 2 winning posts will receive 100 USD and 50 USD respectively, besides public exposure of their blog/profiles and publicizing their work over wide academic and social networks. We invite students, researchers, public officials, junior and senior academicians to submit their work to John …
M&S Research hub announces for the “Economic Posting Contest” Read More »
In classic econometrics textbooks and classes, we often associate endogeneity to the correlation or relationship with the error term from a regressor. This is correct and fully agreed upon across authors and professors. But there’s some kind of new endogenous behavior that may not be correlated with the error/residual only, and it may be a …
In modern times, there has been an integration of the technologies of information and the public sector, which are strictly correlated with the development of open government policies across the world. This is an increasing concern in empirical approximations from the field of Public Economics, in the sense that we can ask several questions regarding …
Government and Transparency: An Applied Econometric Case for Colombia Read More »
