Macroeconomics is a general branch of economics which studies the behavior of larger economic entities like countries or markets.

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What is a user-friendly and powerful software package for econometrics modeling?

I would be using such software to run multiple regressions using macroeconomics variables as independent variables to estimate other macroeconomic ones as single dependent variables. I need to be ...
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Panel data model for exports and exchange rates

Suppose I have 4 years worth of monthly panel data on: exports of widgets $y$ from home country to 12 different nations (in US dollars) nominal exchange rates $x$ for those 12 countries (in US ...
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Can this be modelled?

Context: USA economy Background: Its generally accepted that the growth of e commerce has certain curbing effects on the CPI-inflation. Because search costs are much lower online, people always go ...
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Why does Okun's law regress change in GDP on change in unemployment rate?

Why does the Okun's law, the one that measures the relationship between unemployment rate and GDP, regress the percentage change in GDP on change in unemployment rate? Why cannot we just simply ...
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Calculating the price elasticity and income elasticity of demand

The demand function for air travel between the U.S. and Europe has been estimated to be $$\ln Q = 2.737 - 1.247 \ln P +1.905 \ln I$$ where $Q$ denotes number of passengers (in thousands) per year, $P$ ...
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Fixed effect insignicant results

Currently iam working on my master thesis which is about risk adjusted returns in the Asia Pacific REIT market. The goal of the paper is to determine/find variables that conceive explanatory power ...
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Creating an index that measures how accurate economsits are at predicting the US economy

I am interested in building an index that tracks how accurate economists are at predicting several US economic statistics: US Jobless claims number: comes out weekly, ranges from 100k to 400k, ...
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Irregularly spaced time-series in finance/economics research

In financial econometrics research, it is very common to investigate relationships between financial time series that take the form of daily data. The variable will often be made $I(0)$ by taking the ...
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Cost Benefit/Effectiveness

I would like to compare the results of several diagnostic modalities on a population to identify a disease. More specifically I would like to compare the sensitivity of the modalities (all have 100% ...
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Would it make sense to do a 2SLS regression for Nominal GDP and Money Supply?

Would it make sense to do a 2SLS regression for Nominal GDP and Money Supply (using predetermined variables of government expenditure and investment)? If it does make theoretical sense, is this ...
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605 views

What is “gaussianity”, and how do you perform gaussianity testing in macroeconomic time-series?

I have several questions regarding the usual gaussianity (broad normality) assumptions in econometrics. Though people often check for normality (with apparently weak tests), I've seen just one example ...
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How do economists quantify black market operations?

I was doing a lot of research into organized crime in East Asia for a project as a favor to an author-friend of mine, and I noticed that there were noted economists and journalists who, in ...
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Constructing a naive recession forecast

I am testing a variety of models to produce 1-month ahead predictions of US Recessions. To benchmark these models, I want to build a naive recession model. My first thought was to use the current ...