econperplexed

4 ms·

1. 1.▲
   by econperplexed 3y ago

   There are three parties in such contracts. Look at their incentives. * The company who wants a certificate saying they offset their carbon usage - the certificate being useful for publicity, and possibly tax breaks/subsidies. They care
2. 2.▲
   by econperplexed 3y ago

   > From 1978 to 2021, CEO pay grew by 1,460%, adjusted for inflation, versus just 18.1% for the typical worker. Why has the supply of CEOs not kept up with the demand for them? Surely, with the improvement in education and in increase in
3. 3.▲
   by econperplexed 3y ago

   Lets take a very particular variable. Every month or so, central/state banks in every country have a meeting to decide the policy rate. They look at some data and the output of some models, then wave some political magic wand over it a
4. 4.▲
   by econperplexed 3y ago

   Any model has some precision associated with it. I am not asking for 5 sigma level of precision. But if the economists are fighting about what will happen to a particular macroeconomic variable, they are making a prediction even if it is a
5. 5.▲
   by econperplexed 3y ago

   OT: I see economists of various ideological tilts constantly arguing about how macroeconomic variables will respond to specific government policies. You know: "this new tax will increase inflation; no it will not, it will increase unem