Do you think I have forgotten about you?I was about to tell you I had not spent a day without thinking about you. But just now, I changed me mind. I came to realize what I want and need.Do you think I tell people things?So just one drink, tell me how happy you are there,Continue reading “Dissolution-Resolution”
Tag Archives: Thought
On Social Media and Fake News in the 2016 Election
In their article, Allcott and Gentzkow (2017) present a theoretical and empirical framework for examining the economics of fake news, focusing on its role in the context of social media during the 2016 United States of America (US) presidential election. It discusses fake news and voting behavior in the presidential election by investigating various aspectsContinue reading “On Social Media and Fake News in the 2016 Election”
On Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias
An anomaly in economics occurs when an empirical outcome is challenging to justify, or when it requires unrealistic assumptions for its explanation using the underlying theories. In simpler terms, it pertains to a real-life scenario that contradicts or departs from the conventional theory. The anomalies discussed by Kahneman et al. (1991) are the endowment effectContinue reading “On Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias”
The Less We Know, The Better?
Many theories, inventions, innovations, and technologies arise from human curiosity and the search for information and truth. However, while curiosity is part of human natural characteristics that might lead to information gathering, it might bring drawbacks if the collected information is not filtered. Information overload and the negative impact of social media are essential subtopicsContinue reading “The Less We Know, The Better?”
The Messenger (Part 6)
A succinct summary of a certain period in photos and insightful quotes (according to the author’s opinion) Individuals face a range of options each day. Some of them would result in actions, and some would be sacrificed, creating opportunity costs. Those actions also have outcomes and consequences that might change individuals’ paths. While people wouldContinue reading “The Messenger (Part 6)”
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”
Revisiting Inflation Forecasts Using the ARMA
The autoregressive moving average (ARMA) is a common technique in time series analysis. In my view, a time series example that can be suitable with the ARMA model but need to be revisited is inflation. The model commonly used in inflation data modeling might associate with the relatedness of the variable with its past values.Continue reading “Revisiting Inflation Forecasts Using the ARMA”
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?”
hope. 