Is there some word for doing inferences with data you know are a sum of multiple values (e.g. just seeing row/column sums of a table, ...)? One example I have is "deconvolution" in bioinformatics, but I'd like to see more. I'd expect this would be a common problem in econometrics or similar, but I struggle to find relevant papers... Any ideas?
#econometrics #econ #stats

listening to the #donut #econ book by Kate Raworth that's been on my list for so long. In the intro, she identifies four economic spheres, the *home*, the *market*, the *commons*, and the *state*. I think these are too concrete. Math requires the greatest abstraction possible. I have identified three paradigms that could be modeled as complementary currencies. The first is what we've got in #capitalism: ① scarcity-based, incl fiat, cryptocurrency, & rare fungibles like gold.

#debt #econ #stocks

https://www.newyorkfed.org/microeconomics/hhdc

I have been pondering these two charts, and I'm still astounded by the difference. These are both Measures of after-tax income, both means, but i don't think the OECD (top) one is PPP (adjusted for local prices). Other than that, I don't see where the difference could come from. #econ

I still miss Twitter for #politics & #econ type stuff so dip in & there’s a good debate about #growth - lamenting our lack of it - started by a good blogpost by Sam Bowman (generally of a thoughtful free markets disposition):
https://www.sambowman.co/p/britain-is-a-developing-country

But David Henig (here @DavidHenig) makes an excellent point**:

🤔 'Shifts in the housing market may be key in explaining why interest rate rises are taking longer to bite.' https://www.ft.com/content/3e46ef18-1c75-4fc3-81fa-37fc580659c1 #inflation #econ

Unless of course mainstream #econ discourse on student loans is not based on empirics but is instead...

either you think 50% of young adults are failures in a fair system or that the system is the failure
#CapitalismIsKillingYOU #StrikeReady2024

Only 28% of #millennials (ages 27-42) & #GenZ (ages 18-26) answered “not at all” when asked if they still relied on their parents for financial support, according to a recent study from credit agency Experian. And more than half said they were “somewhat or very” dependent on money from their families
#economy #EconTwitter #econ
https://www.bloomberg.com/news/articles/2023-06-27/money-from-mom-and-dad-millennials-and-gen-z-reliant-on-families-for-support?utm_medium=social&cmpid%3D=socialflow-twitter-billionaires&utm_source=twitter&utm_content=billionaires&utm_campaign=socialflow-organic&leadSource=uverify%20wall

"Even if China wanted to foster more consumption-led growth, it would not easily be able to do so. Many of the government’s economic policies are still designed to promote exports and investment, and to suppress consumption. Sustainably boosting households’ spending, such as by building up sturdier safety-nets, would take years to accomplish. The property-driven gloom could hover over the economy not just for the rest of the year, but far into the future"

https://www.economist.com/leaders/2023/06/22/chinas-economic-recovery-is-spluttering-the-prognosis-is-not-good #China #Econ

Why #inflation around the world just won’t go away https://www.wsj.com/articles/why-inflation-around-the-world-just-wont-go-away-94552e39?st=fr6578dp9witfhk&reflink=desktopwebshare_permalink #dontfightthefed #econ

Why #inflation around the world just won’t go away https://www.wsj.com/articles/why-inflation-around-the-world-just-wont-go-away-94552e39?st=fr6578dp9witfhk&reflink=desktopwebshare_permalink #dontfightthefed #econ

I just created a #kbin magazine (same as a subreddit) to discuss #econ #economics research: https://kbin.social/m/econ

Even though the best way to consume #kdin is to create an account, you can follow the magazine from Mastodon. Just give @econ@kbin.social a follow!

Feel free to contribue and to share the word

What is #inflation and why does it burn? https://www.statcan.gc.ca/en/sc/podcasts/eh-sayers-s03-ep04 #cdnecon #econ #podcast

TFSI? https://www.federalreserve.gov/econres/feds/files/2023034pap.pdf #llm #econ #pumpandump #talkingbook #federalreserve #dontfightthefed #medialiteracy

'There is more agony to come, folks, before central bankers are toppled from their orthodox thrones and sanity is regained.' - @AnnPettifor https://annpettifor.substack.com/p/inflation-volcker-and-deja-vu #econ #credit #debt #banking #greedflation #inflation #dejavu

'Like kids in a candy shop.' https://www.axios.com/2023/05/18/once-a-fringe-theory-greedflation-gets-its-due #econ #greedflation #inflation #inequality

'The crisis in US banking is ‘systemic’, concerning a large part of the banking system not because banks are so interconnected but because they have followed similar strategies and are now in a similar bind.' https://cepr.org/voxeu/columns/when-will-they-ever-learn-us-banking-crisis-2023 #debt #credit #econ #svb #banking #regulation #dejavu

Even in the 21st century, an economic policy of protectionism and capital controls can work - as accidentally proven by the trade sanctions on Russia, says JK Galbraith Jr

https://www.ineteconomics.org/research/research-papers/the-gift-of-sanctions-an-analysis-of-assessments-of-the-russian-economy-2022-2023

"effective sanctions ... are similar to a policy of
trade protection, combined with a robust industrial policy, under favorable market conditions. At the same time, sanctions on individuals .. encourage wealthy Russians in Russia to invest at home."
#econ
#trade

Israeli #Archaeologists Find 2,000-year-old Financial Record
https://www.haaretz.com/archaeology/2023-05-17/ty-article/israeli-archaeologists-find-2-000-year-old-financial-record-in-jerusalem/00000188-28eb-df77-afe9-69ef95060000

#histodons #history #geschichte #histoire #Archäologie #archaeodons #archaeology #RomanArchaeology #ancienthistory #AncientRome #antiquity #antike #MiddleEast #EconomicHistory #econ #economics

@historikerinnen
@histodons @archaeodons
@antiquidons

"Citizens’ understanding of the social contract: Lessons from Tunisia" by Dina Bishara, Michelle Jurkovich, and Chantal Berman https://www.sciencedirect.com/science/article/abs/pii/S0305750X22003539 #MENA #Econ