On Confidence Intervals and Logs
Confidence Intervals
Search Results for: steven kopits
What Happens When One Runs Around Saying Things without a Model
Steven Kopits writes: We might expect a massive stimulus coupled with a major loss of jobs to lead to an explosion of the trade deficit, which it has. … In extremis, such a stimulus might even generate record levels of goods imports, which it has. … This record level of imports would result in record […]
Temperature Anomaly – Northern Hemisphere
Here’s a time series plot of 12 month moving averages of monthly global temperature anomalies for the northern hemisphere, both for land and ocean (blue) and land (red), (in degree C). Note: June is not included…
On the Consequences of Inflammatory Language Use on Social Media
Remember assertions that the use of the term “China Virus” in the stead of SARS-CoV-2 or Covid-19 was not only appropriate, but desirable? From Time: Since the start of the pandemic last spring, Asian Americans have faced racist violence at a much higher rate than previous years. The NYPD reported that hate crimes motivated by […]
Musings on: “What the he** do you teach your students, Menzie”
Steven Kopits argues about the relevance of market imperfections, to wit: What the hell do you teach your students, Menzie? “Well, you know, here’s the theory, but let’s not get carried away with it in real life.”? Why would anyone want to be an economist when the bulk of your views seem to revolve around […]
On “Intimidation” (and a very short, truncated history on the Chinese diaspora in America)
At the risk of excessive navel-gazing, a commentary on what responsibilities Asian-Americans have in calling out China. An Econbrowser reader writes: [D]o I think Menzie is a China apologist? No. Do I think Menzie is thoroughly intimidated by China? Absolutely. But he is hardly alone in this. Nevertheless, there is a bigger picture. If China […]
Beware of Definitive Statements
Reader Steven Kopits disputes the idea that the US per capita fatality rates can approach those of Italy: Reporting for the day May 8, the US had the 5th highest death rate (for this day alone, not cumulatively), at 6.8 per million. Interestingly, Sweden was No. 2 at 9.7 per million. Here’s the top fifteen […]
A “Critique” of Confidence Intervals
Steven Kopits opines on statistics: I don’t like confidence intervals for two reasons:
Exactly How Much Does the Mainstream Literature Ignore Demographics?
Reader Steven Kopits writes about the economics profession:
Do Macroeconomists Ignore Demographics (and Secular Stagnation)?
Reader Steven Kopits makes an astounding claim about macroeconomists (including me, and Jim Hamilton, et al.):