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

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Value added composition by sector

I am trying to make graph of value added composition by sector based on world bank data (http://data.worldbank.org/indicator/NV.SRV.TETC.ZS?display=default), but when i extracted data for industry, ...
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panel data with serially correlated independent and dependent variables

I have a panel data where the independent variables are serially correlated (macro-economic time series), also the dependent variables (company sales growth) are probably serially correlated. Here ...
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25 views

Time - series analysis data set should be converted to return or taken its Ln?

I'm studying time series in E-views. And I want to investigate Granger - causality between exports imports and economic growth. So, I'm doing causality and co-integration analysis. I have export, ...
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49 views

Economics: Real vs Nominal Variables

My economic analysis uses OLS with cross-sectional annual data. The dependent variables are defined as x/y where x is a variable (such as trade, debt etc.) and y is real GDP. What if, instead of ...
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What issues may I face when interpolating my dependent variable in an OLS regression?

I'm doing my undergrad dissertation on what host-country factors impact FDI inflows - FDI inflows to the UK is my dependent variable. All of the independent variables I have managed to find at a ...
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33 views

Simulating a dynamical system

Basically I need to replicate Hartley's 'A User's Guide to Solving Real Business Cycle Models' . Specifically (to make question relevant to stats.stackexchange), I want to simulate the dynamical ...
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1answer
62 views

Converting Annual GDP Growth Rate into Monthly GDP Growth Rate

I am researching the effects of Euroarea fiscal stimulus on inflation expectations during the crisis. The data for fiscal stimulus is given as an annual percentage of GDP, e.g. 1.5% of Euro Area GDP ...
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Is econometrics becoming inward-looking? [closed]

Michael Wickens claims in his (generally interesting) article and speech How did we get to where we are now? Refections on 50 years of macroeconomic and financial econometrics from 2014, that ...
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What are the advantages of using log GDP per capita versus simple GDP per capita when analyzing economic growth? [duplicate]

I have quite a lot to learn regarding analysis and economics, one thing I have noticed is that when analyzing growth, log is used quite often, why is this so?
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211 views

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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106 views

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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144 views

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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3k views

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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98 views

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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66 views

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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312 views

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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81 views

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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1answer
112 views

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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770 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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384 views

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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333 views

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 ...