Economics Malaysia

We’re on a optimisation binge today. After the last post on international reserves, here’s a piece on the optimal level of inflation (abstra...

He’s responding to a Roger Martin essay (which you can read here ) (excerpt): Should economists be “imagineers” of our future? ...

No much commentary on this one, just a good read for anyone interested in the subject (excerpt): The Tribal Dislike of John Hicks and...

Nick Rowe has a headache (excerpt): The Lucasian map is not the Hayekian territory In defence of Lucas '72. Take any...

While there have been alternatives proposed (see for instance this post ), large scale structural and stochastic models are still the bread ...

One of the key issues that has bedeviled the economics profession in the last three years has been the almost complete failure to predict th...

de minimis has an interesting post advocating using more econometric models to guide policy making in Malaysia. While I tend to lean that w...