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Tag Archives: Notes

The Economics of Brexit

In one of the eBooks that CEPR published in 2022 several authors draw first conclusions. From the introduction by Jonathan Portes: The analyses in this eBook are very much a preliminary and incomplete account of the economic impacts of Brexit. In some cases, they raise as many questions as they answer.For example, why have UK imports of EU goods fallen so sharply, while UK exports are much less affected, when (in contrast to the EU) the UK has not yet introduced the full panoply of...

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Lucas Kyriacou’s “Python for Macroeconomists”

Lucas Kyriacou has posted a Jupyter notebook with a great introduction to Python. From the readme file: This course aims to introduce PhD students to the basics of the popular and powerful programming language called Python. After going through the basics, we will also see some applications such as OLS regression, extraction of information from textual data, data visualization and object-oriented programming. In an extended version of this course we will further discuss various...

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Economics PhD Admissions

In an NBER working paper, Jessica Bai, Matthew Esche, W. Bentley MacLeod and Yifan Shi argue: We introduce a model of the admissions process based upon standard agency theory and explore its implications with economics PhD admissions data from 2013-2019. We show that a subjective score that aggregates subjective ratings and recommendation letter features plays a more important role in determining admissions than an objective score based upon graduate record exam (GRE) scores. Subjective...

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Robert Wolff’s “Original Wisdom”

Goodreads rating 4.37. Wolff describes his experiences in rural Malaysia and in the jungle among the Sng’oi, where he learns (rather than being taught) new forms of awareness and knowledge. I saw clearly—perhaps for the first time—that most people, even scientists, can see the world only from one point of view: their own. [p. 146] Malay culture values halus—soft, gentle, polite—and despises kasar.

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Mortality Externalities of CO2-Emissions

In the Quarterly Journal of Economics (137, 4), a group of authors estimates that the mean global increase in mortality risk due to climate change, accounting for adaptation benefits and costs, is valued at roughly 3.2% of global GDP in 2100 under a high-emissions scenario. Notably, today’s cold locations are projected to benefit, while today’s poor and hot locations have large projected damages. Finally, our central estimates indicate that the release of an additional ton of CO2 today...

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Mariana: CBDCs in Automated Market Makers

Three BIS innovation hubs plan to test DeFi inspired liquidity pools to exchange wCBDCs. BIS press release: Project Mariana will use DeFi protocols to automate foreign exchange markets and settlement. Automated market makers can become the basis for new generation of financial infrastructure. Exploration on cross-border exchange of wholesale CBDCs is the first to involve three Hub centres. The BIS Innovation Hub is launching a new project around central bank digital currencies (CBDCs)...

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“The Swiss National Bank in Brief”

PDF. Contents The SNB’s mandate Monetary policy strategy Implementation of monetary policy Ensuring the supply and distribution of cash The SNB’s role in the cashless payment system Asset management The SNB’s contribution to financial stability International monetary cooperation Independence, accountability and relationship with the Confederation The SNB as a company Legal basis Appendix Publications and other resources SNB balance sheet Addresses

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