Max Roser sur Twitter : "The rising number of equations per paper shows the increasing mathematization of #economics, The use of mathematics in economics and its effect on a scholar's academic career. Espinosa, Miguel and Rondon, Carlos and Romero, Mauricio (2012): The use of mathematics in economics and its effect on a scholar's academic career.
This is the latest version of this item. There has been so much debate on the increasing use of formal mathematical methods in Economics. Although there are some studies tackling these issues, those use either a little amount of papers, a small amount of scholars or cover a short period of time. We try to overcome these challenges constructing a database characterizing the main socio demographic and academic output of a survey of 438 scholars divided into three groups: Economics Nobel Prize winners; scholars awarded with at least one of six prestigious recognitions in Economics; and academic faculty randomly selected from the top twenty Economics departments worldwide. Available Versions of this Item The use of mathematics in economics and its effect on a scholar's academic career. Koo Says No One Can Refute The 'QE Trap'
The Federal Reserve shocked market participants in September with its decision to refrain from tapering quantitative easing, as many felt that the central bank had signaled the move at its June meeting. Fed chairman Ben Bernanke sparked a sharp rise in long-term interest rates at the June press conference by suggesting that tapering could happen later in the year. The September decision raised questions among observers over whether talking about tapering ended up eventually precluding tapering, because the rise in long-term interest rates sparked by the signal weighed on the economy such that the Fed then felt it couldn't ease up on the bond buying it does under its QE program.
Nomura Richard Koo calls it the "QE trap," a concept he explained in a note following the September FOMC decision. Koo has been meeting with clients and officials in the U.S., and he says he hasn't been able to find anyone to refute the theory that the U.S. economy is currently ensnared in the "QE trap. " Umair Haque / Bubblegeneration. Because the current bill has no healthcare reform in it. There are no changes to either market structure, industry structure, reporting, or incentive structures.
In fact, it's a de facto bailout of health insurers. Welcome back our old friends rescission, premium inflation, and price discrimination - all flavours of moral hazard. Say goodbye to, well, better health care. Why does Wall St love healthcare reform? One so large, I'd wager it's going to be, along with a broken financial sector, one of the final nails in the coffin of American economic competitiveness. But hey - I'd expect nothing less from our retardedly broken Senate. Turning a Corner? - Interactive Graphic. The Jobless Rate for People Like You - Interactive Graphic - NYT.