Click on the link, it's military PPP
Also, do you habe any idea how much you have to pay for retired NVA officers?
You need to adjust for how much the spending buys.
cepr.org/voxeu/column...
Even more interesting would be PP adjustment.
forgot to add a 😉
It can be both. Rigor is a necessary but not sufficient condition for success. In addition to beimg rigorous, it helps to be senior.
See, it's that kind of sharp reasoning economists mean.
The sloppiness of the map is very Zeit-y (see also the post Nazi greater Hamburg act circumference of Hamburg). 2 yrs go or so they argued that building more housing doesnt help against rising rents bc in cities w more construction rents rose more.
You mean Further Austria, right?
Probably not sth a country profits from long-term. Exporting at low exchange rates also means exporting capital so you lack necessary investment at home. Borrowing at lower rates otoh is a clear advantage.
Bc of low exchange rates?
There's also this whole thing about Homer's wine-like sea (that's not actually red but just dark) e.g., here: www.laphamsquarterly.org/sea/winelike...
Sure! Publishing such a paper (by non-famous authors) is hard enough when you don't claim findings are wrong.
That said, some of the comments under or above your post (not yours) essentially were "it's all wrong" which I guess would be too much to claim.
where the problem is bigger than in the other specifications where much of the correlation is accounted for.
Not an expert on this topic but we should be careful to judge too much (based on one critique paper that most of us haven't read).
I remember a reply by @jvoth.bsky.social, I think, arguing that it's not as big a problem as the paper argues. E.g. the Kelly paper tends to looks at the "rawest" tables in the original paper (no controls, etc),
Tbf 2/3 of the shown answers could be `evolution'
sth about a paper on equity duration at the 2020 ASSA
Unfortunately, the link isn't working for me.. Was it the Goncalves paper?
Reminder: you don't get omitted-variable bias in your coefficient of interest because some variable that you can't/don't control for may also affect the outcome.
Bier trinken?
