Here is the link to a project I wrote with two friends using a SVAR modelling approach to investigate the joint dynamics of immigration, unemployment, and the emergence of far-right parties in Switzerland. You can find the find here.
Here are links to different self-made news summaries.
Here is the link to a report concerning the financial crisis freely inspired from the book of Paul Krugman : End this depression, now! (2012)
In the era of Big Data, data sciences bear an always increasing importance in the field of economics. It becomes almost paramount to be able to program. This quick tutorial I’ve made will give you some more hindsight with regard to R programming and will constitute helpful reminder of basic R programming.
DGSE stands for Dynamic General Stochastic Equilibrium, basically it’s very complicated models that try to explain what’s going on in the economy. These models are nowadays widely used in policy relevant institutions such as the central banks. For several years, their reliability has however been put into question, notably for their lack of forecast of the last financial crisis. This article is the first of a series which will talk about the relevance of DGSE models in modern macroeconomics. As you will see, opinions with regards to DGSE models are extremely heterogeneous, I will thus try to summarize the different points of views and highlight the different arguments.
As we have seen, one can ask the question whether policies that followed the financial crisis were truly beneficial and well-oriented. After 2008, austerity has been on the lips of a large part of economic deciders. 8 years after, one cannot say that it has done miracles.
One can thus honestly ask whether mistakes were made. For a long time, public spending has been regarded as dangerous which might cause debt problems and lead the doom of a country’s economy. As it is however always more accepted among economists is that the crisis, notably in Europe, was not a sovereign debt-crisis. Given this, arguing that increases in spending would be extremely dangerous, as it would worsen the situation loses in relevance. There is moreover a growing mass of work that shows the positive effects of spending policies.
In this article, I will try to convince you that what is being taught on the academic level is not sufficient to understand current issues in economics (modeling).
As we have seen, overoptimism added to financial deregulation lead to a looser standard concerning loan credits which implied private over-indebtedness as well as a systematic undervaluation of risks. So what? Continue reading “#3 The burst of the housing bubble”