Introduction Time series econometrics is a crucial area of study that focuses on analyzing data collected over time. This field is particularly important for understanding economic trends, forecasting future events, and detecting market anomalies like bubbles and crashes. This blog delves into the econometric detection of bubbles and crashes, specification testing and forecasting in non-linear…
Introduction Political economy examines the interaction between political institutions, behavior, and economic outcomes. This blog explores important political economy topics, such as elections, political ideology, institutions and economic policy, the causes and consequences of immigration, the link between terrorism and public attitudes, and the role of rent-seeking and other economic contests. Understanding these interactions is…
Introduction Macroeconomics is a broad field that studies the economy as a whole, focusing on aggregate indicators and how different sectors interact. This blog explores key topics in macroeconomics, including open economy macroeconomics, business cycles, dynamic stochastic general equilibrium (DSGE) modelling, labour market dynamics, and search and matching theory. Understanding these concepts is crucial for…
Introduction Labour and education economics are intertwined fields that examine how education, labor markets, and individual well-being interact. This blog explores crucial topics within these fields, including empirical studies on the relationships between labor, health, and well-being, education economics, gender differences in human capital accumulation, labor market transitions of young workers, social mobility, vocational education,…
Introduction International economics and development play a critical role in shaping global prosperity. This blog examines essential topics within the field, including empirical development economics, foreign aid and development finance institutions, foreign direct investment (FDI) and economic growth, trade models with heterogeneous firms, trade gravity and productivity growth, and trade policies within the context of…
Introduction Industrial organization is a critical field of economics that examines the behavior of firms, market structures, and the impact of government policies on competition and innovation. This blog delves into essential topics within industrial organization, including competition policy, innovation and industrial policy in mixed markets, networks and regulation, firms’ productivity, and tax compliance and…
Introduction Health economics is a vital field that examines the relationship between health, healthcare, and economic outcomes. It addresses key issues such as healthcare and demographics, the connection between health, wellbeing, and employment, the long-term impact of COVID-19, aversion to inequality in multidimensional wellbeing, and health state valuation through stated preferences. This blog provides an…
Introduction In the 21st century, the issues of gender, race, and inequality remain critical global challenges. These issues intersect in complex ways, influencing various aspects of society, including domestic violence, discrimination, identity economics, wealth inequality, and affirmative action policies. This blog explores these intersections, offering insights into the underlying causes and potential solutions to foster…
Introduction Financial economics explores how financial markets, institutions, and individual behaviors intersect to shape economic stability and growth. Household finance, a crucial subset of this field, delves into how families manage their financial resources, which in turn impacts broader economic dynamics. This guide provides an in-depth analysis of several key areas within household finance: banking…
Behavioral Economics is a field that combines psychology with traditional economic theory to understand how people make decisions. Unlike classical economics, which assumes that people are perfectly rational and always act in their best interest, behavioral economics acknowledges that human behavior is often irrational and influenced by various cognitive biases and emotions. This field has…