Trump Wants More American Cars in Japan. Japan’s Drivers Don’t. (Published 2017)
Yoshihiro Masui has a Ford hot-rod. His love of American cars is unusual in Japan.Credit...Ko Sasaki for The New York Times TOKYO — Yoshihiro Masui’s growling Ford hot-rod, its sides adorned with the Stars and Stripes, attests to his love of American cars — an unusual passion in Japan, where Toyota, Honda and other domestic brands rule the roads. “Japanese cars don’t break down, but they’re boring
Frisch–Waugh–Lovell theorem - Wikipedia
In econometrics, the Frisch–Waugh–Lovell (FWL) theorem is named after the econometricians Ragnar Frisch, Frederick V. Waugh, and Michael C. Lovell.[1][2][3] The Frisch–Waugh–Lovell theorem states that if the regression we are concerned with is expressed in terms of two separate sets of predictor variables: where and are matrices, and are vectors (and is the error term), then the estimate of will b
Double-Dip Recession: Overview, History, FAQ
A double-dip recession is when a recession is followed by a short-lived recovery and another recession.Double-dip recessions can be caused by a variety of reasons, and involve prolonged unemployment and low GDP.The last double-dip recession in the United States occurred during the early 1980s. Investopedia / Laura Porter Understanding Double-Dip Recession The causes for a double-dip recession vary
Over-the-Counter Markets: What They Are and How They Work
An over-the-counter (OTC) market is decentralize and where participants trade stocks, commodities, currencies, or other instruments directly between two parties, without a central exchange or broker. Suppose you manage a company looking to raise capital but don't meet the stringent requirements to list on a major stock exchange. Or you're an investor seeking to trade more exotic securities not off
To be relevant, economists need to take politics into account
To be relevant, economists need to take politics into accountThe advent of the Trump administration finds the economics profession in crisis EVERY January more than 10,000 economists meet for the annual conference of the American Economic Association (AEA). This year, the shindig was in balmy Chicago, a stone’s throw from its second-tallest building, the name TRUMP stamped in extra-large letters a
Everything Donald Trump Did During His First Day as President
Shortly after he was sworn in as President of the United States, Donald Trump rounded up lawmakers and members of his family in a room near the Senate floor to watch him take his first presidential actions—signing some paperwork. Trump put his signature on a few presidential documents, including a proclamation for a National Day of Patriotism and formal nominations for his Cabinet picks, just afte
Gorman polar form - Wikipedia
Gorman polar form is a functional form for indirect utility functions in economics. Motivation[edit] Standard consumer theory is developed for a single consumer. The consumer has a utility function, from which his demand curves can be calculated. Then, it is possible to predict the behavior of the consumer in certain conditions, price or income changes. But in reality, there are many different con
Nobel economist: One-percenters, pay your taxes | CNN
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Greg Mankiw's Blog: Advice for Grad Students
Because there appeared to be much interest in the advice I offered undergrads in a previous post, let me provide the same service for graduate students in economics. But rather than doing the work myself, I will outsource the task to some of my colleagues in the profession: Don Davis gives some guidance about finding research topics. John Cochrane tells grad students how to write a paper. Michael
Putin warns western sanctions will hinder Kurils deal with Japan
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