A situation in which the optimal plan of a decision-maker made at one point in time is no longer optimal later in time.
An overview of the concept of dynamic inefficiency in an intertemporal economy.
A method for solving intertemporal optimization problems by maximizing the sum of current and future pay-offs.
Definition and meaning of dynamic stochastic general equilibrium (DSGE), a class of theoretical models used in macroeconomics.
The study of the time path of an economy, determined by a combination of exogenous and endogenous factors.
An in-depth examination of an economic depression, its historical contexts, definitions, and major frameworks.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Difference in Differences (DiD)" 6date: 2023-10-05 7description: "A methodological tool used to estimate the causal effect of a treatment or policy intervention using panel data." 8tags: ["Econometrics", "Causal Inference", "Quantitative Methods", "Policy Analysis"] 9--- 10 11## Background 12 13Difference in Differences (DiD) is an econometric technique used to estimate the causal effect of a treatment, policy intervention, or event. It stands out for its capacity to account for both temporal and individual variations by utilizing panel data, which consists of repeated observations over time for the same subjects.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Distributional Weight" 6date: 2023-10-20 7description: "The relative importance given to different members of a society in the evaluation of social welfare" 8tags: ["distributional weight", "social welfare", "economics"] 9--- 10 11## Background 12 13Distributional weight is a concept in economics used to assign differing levels of importance to the welfare of various members of society when evaluating social welfare. It recognizes that social welfare functions do not treat the utilities of all individuals equivalently and can apply greater importance to certain groups or individuals based on equity considerations.
