Phillips (1986) provides asymptotic theory for regressions that relate nonstationary time series including those integrated of order 1, I(1). A practical implication of related literature on spurious regression is that one cannot trust the usual confidence intervals. Therefore it is recommended...

This book explains how to use R software to teach econometrics by providing interesting examples, using actual data applied to important policy issues. It helps readers choose the best method from a wide array of tools and packages available. The data used in the examples along with R program...

A new two-way map between time domain and numerical magnitudes or values domain (v-dom) provides a new solution to heteroscedasticity. Since sorted logs of squared fitted residuals are monotonic in the v-dom, we obtain a parsimonious fit there. Two theorems prove consistency, asymptotic...

We begin with a historical perspective on the status of women in India and consider ways of improving it. Since the ratio of male to female births in India exceeds 0.5 some groups have successfully persuaded the Indian government to ban the use of sonograms to determine the sex of the fetus,...

We argue that many extraordinary circumstances have caused the 2022 high inflation in the US, including (i) once in a century pandemic, (ii) a Russian dictator’s Ukraine war without plausible long-term benefit to Russia, (iii) a multi-trillion-dollar federal spending spree, (iv) labor...

The pandemic and the war in Ukraine are prompting many to ask whether old macroeconomics still apply? DePillis (2022) notes that profits and inflation are highly correlated, but the direction and strength of the causal path linking them is unknown. This paper briefly describes new causal path...

The 9/11 attacks have created a new willingness to interfere in the internal affairs of others, while the Iraq war has revealed the power-role disequilibrium at the UN. I propose Secular Democratic Council (SDC) with the moral authority to act on the domestic affairs of any country. Restrictive...