🚨 如何精確捕捉數據中「消失的結構」?我們的最新研究剛剛在 MDPI的Mathematics期刊上線了!
我們開發了一種全新的「可計算分段線性迴歸(CPLR)」模型。我們不再假設世界是線性平滑的,而是讓數據自己告訴我們:轉折點在哪裡?
接下來讓我簡單說明一下
1/4 🧵 #數學建模 #經濟學 #Phillipscurve #Mathematics #economics #modelling
🚨 如何精確捕捉數據中「消失的結構」?我們的最新研究剛剛在 MDPI的Mathematics期刊上線了!
我們開發了一種全新的「可計算分段線性迴歸(CPLR)」模型。我們不再假設世界是線性平滑的,而是讓數據自己告訴我們:轉折點在哪裡?
接下來讓我簡單說明一下
1/4 🧵 #數學建模 #經濟學 #Phillipscurve #Mathematics #economics #modelling
Thread on (formerly) persistently low #inflation in #Japan, the fallacy of the #PhillipsCurve, and exogenous #wages:
The "labour market" is pure theoretical figment: There's no generalised barter of #labour. Particularly, it does not determine money wages.
1/
#Day15 of the #30DayChartChallenge, #historical
💸 Fall of the Phillips Curve: Unemployment and Inflation in the United States Years 1950-1984
#rstats #dataviz #ggplot2 #PhillipsCurve #inflation #unemployment
I haven't often relied on the position papers of the Cato Institute for much of anything, since I know where they are and what they're about. But this one is a very stern critique of Jerome Powell's reliance on the Phillips Curve of the relationship of employment to inflation to inform Fed policy on interest rates. My own impression is the Curve offers misleading guidance for two reasons:
- Correlation is not causation, as high employment does not inherently boost inflation;
- The Curve says nothing about the inflationary nature of excessive profits.
https://www.cato.org/cato-journal/winter-2020/phillips-curve-poor-guide-monetary-policy
Today, from the great (i.e. enlightened) economist #ClaudiaSahm on the archaic #PhillipsCurve...
[For background, read her analysis of what the #Fed is doing wrong, and why... https://stayathomemacro.substack.com/p/congress-must-rein-in-the-fed ]
Listen to this episode from Economics In Ten on Spotify. An economist that hunted crocodiles? An inventor who constructed prison camp radios and hydraulic models of the economy? An adventurer that could speak five different languages and was arrested for spying? Who is this ‘Indiana Jones of Economics’ as he was once described? We discuss in this episode the remarkable life and times of A.W. Phillips or ‘Bill’ as he was known to his friends. He has one of the most incredible life stories of any of the economists we have covered in our show whilst remaining immensely relevant to modern economic discussion. His formulation of a curve bearing his name still helps form the framework for debates about trade-offs in the macroeconomy. In this podcast from your friendly neighbourhood economists, Pete and Gav, you will discover all about the life of A.W. Phillips and his contribution to economics. There is a quiz as always and a great poem that ends the episode! Technical support as always comes from ‘Del Boy’ Nic, who this time, next year, will be a millionaire!