I’m working with panel data where the variables are group level indicators of performance. To put simply, the predictor is a group-level aggregated quantity (e.g., average reputation of members) which is time varying over several periods (the predicted variable being group performance). I have reason to believe that the predictor is not strictly exogenous since at times the group is constituted with an aim to make it perform well. However, a “part” of the predictor is exogeneous – it happens when a group member suddenly exits the group in one of the periods (death or some reason, which is strictly exogenous). So, for identification, I am thinking of creating two components of the predictor in my dataset: the first is the group level (reputation) measure assuming no exogenous shock – i.e., the group member has not left the group), and the second component would be the delta(predictor) ONLY there is an exogenous shock (death or some other reason) – this delta(predictor) would be a negative quantity if the exiting group member has an above-average reputation, and would be a positive quantity if the exiting group member has a below-average reputation.  In any case, the second component would be the exogenous component of the predictor – and its coefficient should be ideally significant when testing for the proposed hypothesis. Now having said this, to slightly complicate the matters, I am using Cox regression (predicted is a duration variable) with time-varying covariates, BUT that is beside the point since the essential question I have from you all is whether my strategy makes sense.

How can i build the the equation of the IS LM model equilibrium from the actual data??

I need at least to points to illustrate the graph to know the coefficients to put it in a matrix to find the equilibrium but is that it true? And the important thing can i calculate how far away the economy from the equilibrium point??

https://www.reddit.com/r/Economics/s/0sRWgRttnE

Do Non-banking financial institutions create the money?

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I try to summarize Fed's four article on ample reserve regime in this my post. Here

What do you think on Fed's reserve regime classification?

https://preview.redd.it/bb8xsjo9atjd1.png?width=1024&format=png&auto=webp&s=0f30e9b4ca0cbc58cff479f74358e04eca69ae4d

Ever since the pandemic, a lot of governments have amassed debt which depletes their budget because of interest payments. This then reduces the services that they can give, or raises the prices of social insurance, utilities, and commodities that are taxed.

Adam Smith proposed to solve it through payments in kind:

It has been said that the Americans have no gold or silver money. Their interior commerce is done by a paper currency. Its gold and silver are all sent to Great Britain for the British commodities that they import from us. Without gold and silver it is impossible to pay taxes. We already get all their gold and silver. How can we draw from them what they do not have? It might be unnecessary to remit any part of the American revenue in gold and silver. It might be remitted in bills drawn on and accepted by particular merchants or companies in Great Britain to whom some of America's surplus produce was consigned. Those merchants and companies would pay into the treasury the American revenue in money after receiving the value of those goods. The whole business might frequently be transacted without exporting a single ounce of gold or silver from America.

Basically, the governments would pay the creditor banks in kind by receiving taxes in kind from various producers. Those banks would then consign those products to retailers and exporters to convert them to money.

Unlike austerity which reduces GDP, this solution spurs GDP by encouraging production and exports.

This was also the basic idea in EF Schumacher's Multilateral Clearing where indebted nations would pay off their debt in kind. Ir was proposed as an alternative to Bretton Woods by Keynes, but was not accepted.

other than some left leaning post-keynesians, are there any communist/socialist economists who actually presented mathematical models of their economy? or are there any mathematical model of anarchist economics :3 ? even hypothetical ones would be fine

I am currently pursuing my masters and have further interest in research. I usually read the research papers which revolves around the proximity of my the coursework and also my thesis. However, I was just wondering that is there any method that people follow so that they are updated with latest ongoings of the academia like reading journals regularly. Is it something like a reading a newspaper or a magazine by which I can get the gist of what is happening in the field of lets say Microeconomics or maybe Development Economics. So that it can help me rejuvenate some of my research ideas.

Hey so I'm writing an essay where we need to discuss some of the axioms and assumptions formed in the SEM in terms of rationality. The axioms in question are completeness, transitivity, monotonicity and convexity. For my example I have been given a scenario where a man wins $1400 using two free $20 vouchers in casino playing roulette, but then loses everything after using that money to play more roulette. I'm slightly stuck on how I'm going to apply this scenario to explain how this shows the flaws in the specific assumptions I've been told to use and I'm just in need of some guidance on how to approach this. Any help would be amazing thank you.

Hey all,

I'm doing my diss on LVT in Pennsylvania, and I'm useless at quant, so want to minimise how much of it that I do. I was wondering if it was possible to access breakdowns of data results from different empirical studies. For instance, Glaeser & Kerr (2009) look at the interdependencies among industries in each municipality in the U.S., and it would be great if I could access what they specifically found for the municipalities in Pennsylvania to be able to make some conclusions about it. Similarly, Alcacer & Chung (2014) look at rates of co-location in each municipality, and this is another thing that would be really helpful to know what they found in Pennsylvania specifically.

Is there somewhere that they publish a breakdown of these results? Or could I potentially email them and ask for this?

Thanks!

Pleased to share my #interview on #CommodityTrading & #CleanEnergyTransition on the @SheilaKhama #Extractives #Podcast (Ep. 2).

🎧Listen here: share.transistor.fm/s/2f7d8951

#CriticalMinerals #CommodityMarkets #ClimateChange #NetZero #LaureGnassou #EconomicsForAll

Hi everyone, I'd like to share a dashboard I've developed to visualise Zimbabwe's economic performance for the past 3-5 years. The link is available here

Please let me know what Zimbabwe should do with their monetary policy as the Reserve Bank's actions have been quite contradictory

hi, im an econometrics student currently looking for a paper from the last year (2022) about instrumental variables :) it’s for a class presentation, so im thinking easy to understand and interesting.

please, leave down ur suggestions! thanks so muchhhh

i am trying to find groups and communities about economics and finance where i can talk orally to increase knowlege and better understanding can anyone tell me the name of the groups and communities (it does not has to be in reddit)please i would be extreamly grateful to you

Hi all, thank you for your time.

I'm a teacher currently teaching students age 16 to 18 - some really capable students!

I was just hoping to ask you have any possible economic concepts and history that you wish you were taught when you first started economics, please let me know!

Additionally, any notable figures or history would be greatly appreciated!

Thank you!