Having an account and browsing the social media LinkedIn would expose us to updates and news about our connections’ milestones and achievements. How do we respond to such news and information? Are we sincerely happy for them; does it lead us to introspect our life and accomplishments thus far; does it motivate us, or doContinue reading “Do All Roads Lead to Rome?”
Tag Archives: opinion
A Comment on Why You Should Never Use the Hodrick-Prescott Filter
In his article, Hamilton (2017) conveyed a critique of the Hodrick-Prescott (HP) filter, arguing against its utilization due to several inherent issues. He emphasizes that the filter’s sensitivity to the smoothing parameter selection, its tendency to generate misleading cycles, and its failure to accurately represent the actual underlying trend are significant drawbacks. While I partiallyContinue reading “A Comment on Why You Should Never Use the Hodrick-Prescott Filter”
Is It Worth the Waiting?
A discussion was running through my mind while I was waiting for the pick-up, thinking about a conversation with a friend lately. He mentioned being pragmatic in the context of marriage, meaning a marriage established not because of pure and true love, but rather due to other reasons, such as late age, matchmaking, etc. AContinue reading “Is It Worth the Waiting?”
Commentary on Monetary policy is Weaker in Recessions
In their article, Tenreyro and Thwaites (2013) conduct research to explore the impact of monetary policy on real and nominal variables at various business cycle stages. They aim to determine whether the effects of monetary policy are symmetrical or asymmetrical throughout the business cycle and identify the sources of any asymmetry observed. In my view,Continue reading “Commentary on Monetary policy is Weaker in Recessions”
Commentary on Why are Target Interest Rate Changes so Persistent?
In their paper, Coibion and Gorodnichenko (2011) argue that in the absence of additional significant economic shocks, the monetary policy reversal is likely to be gradual and provide robust evidence that policy inertia is a more likely source of the persistence in interest rates than the persistent shocks hypothesis. The author mostly agrees with theirContinue reading “Commentary on Why are Target Interest Rate Changes so Persistent?”
A Comment on How Do We Know Climate Change is Real?
The earth has witnessed climate changes over time, but the current warming is occurring at an unprecedented pace compared to the last 10,000 years. The Intergovernmental Panel on Climate Change (IPCC) asserts that since the 1970s when systematic scientific assessments commenced, the impact of human activity on climate warming has transformed from a theoretical conceptContinue reading “A Comment on How Do We Know Climate Change is Real?”
Commentary on Financial Globalization and Productivity Growth
Financial openness has been an important topic of discussion in the economics literature. One of the potential benefits of financial openness is its positive impact on productivity growth. The argument is that financial openness allows for greater access to capital, which can lead to increased investment, technological progress, and ultimately, higher productivity levels. In thisContinue reading “Commentary on Financial Globalization and Productivity Growth”
hope. 