Thoughts on economics
There are 17 posts filed in Economics (this is page 1 of 2).
Image from http://www.cgpgrey.com [CC BY 2.0], via Wikimedia Commons Tamar Haspel has an article in yesterday’s Washington Post titled, “Why do taxpayers subsidize rich farmers?” The article is a take on the USDA’s recent report “The Evolving Distribution of Payments From Commodity, Conservation, and Federal Crop Insurance Programs”“, by McFadden and Hoppe that looks at…
Publishing in an academic journal is a long and grueling process. But much of the length of time is spent simply waiting for reviewers - who are volunteer and unpaid - to do the hard work of determining contribution and quality of the submitted manuscript. **Edited: Thanks to @FarmerHayek and @AparnaHowlader for pointing me to…
This is the third in a series of posts where I document my own process in figuring out how machine learning relates to the classic econometrics one learns in a graduate program in economics. Note that I am a humble practitioner of applied econometrics, so the ideas I am working through are not new,…
New paper published in Agricultural Economics, "The components of the bid-ask spread: evidence from the corn futures market." Co-authored with Quanbiao Shang and Phil Garcia. The paper was from Quanbiao's master's thesis. H*ck of a thesis! I do a full post summarizing our findings soon.
This is the second in a series of posts where I document my own process in figuring out how machine learning relates to the classic econometrics one learns in a graduate program in economics. Note that I am a humble practitioner of applied econometrics, so the ideas I am working through are not new,…
Photo by Dirk Vorderstraße (Mähdrescher von John Deere in der Warburger Börde) [CC BY 2.0], via Wikimedia Commons Machine learning and artificial intelligence are the biggest topics in tech right now, and the excitement is spilling over to economics. The 2018 ASSA meetings (I did not attend, just browsed the program) had at least five…
This post is the sixth and final in a series explaining Basic Time Series Analysis. Click the link to check out the first post which focused on stationarity versus non-stationarity, and to find a list of other topics covered. As a reminder, this post is intended to be a very applied example of how…
Dogs Image By Peter Wadsworth (Flickr) [CC BY 2.0], via Wikimedia Commons This post is the fifth in a series explaining Basic Time Series Analysis. Click the link to check out the first post which focused on stationarity versus non-stationarity, and to find a list of other topics covered. As a reminder, this post is…
This post is the third in a series explaining Basic Time Series Analysis. Click the link to check out the first post which focused on stationarity versus non-stationarity, and to find a list of other topics covered. As a reminder, this post is intended to be a very applied example of how use certain…
This post is the third in a series explaining Basic Time Series Analysis. Click the link to check out the first post which focused on stationarity versus non-stationarity, and to find a list of other topics covered. As a reminder, this post is intended to be a very applied example of how use certain tests…
