General economics

How to learn Macroeconomic CGE Modeling?

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. …

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CBDC Projects in Full Swing Globally

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 …

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Is Welfare affected more by inequality than economic growth?

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 …

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M&S Research hub announces for the “Economic Posting Contest”

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 …

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Government and Transparency: An Applied Econometric Case for Colombia

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 …

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Modeling Asset Prices with Geometric Brownian Motion in Python

One landmark theorem in Financial Economics is the Efficient Market Hypothesis (EMH). This theorem posits that in an arbitrage-free market, we can model an asset’s present price as the discounted expected future price: We can take the natural logarithm to show that the natural logarithm of asset prices follows a random walk – the best …

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Threat to validity of regression analysis – Omitted Variables Bias

Most of the readers of this blog would be familiar with ordinary least squares estimator and regression models. Let us talk about one source that can cause these estimates and models to be biased and inconsistent. This is especially important when we think about the causal relationship of interest or the relationship which being studied. …

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