Japan since 1990 and the US since 2008 have a zero interest (or “Liquidity Trap”) environment. Bankers' DNA contains: (1) Inability to charge money instead of paying interest for deposits, (2) double entry book-keeping, and (3) inflation-aversion. I show that this DNA is responsible for the...

This paper attempts to compare the performance of all post-war presidents since Eisenhower in the context of reduction of unemployment by comparing the Beveridge curve tradeoffs between Help Wanted Index and unemployment rates. We consider monthly data and measure the output of the economy as...

This paper attempts to compare the performance of presidents George W. Bush and Obama in the context of reduction of unemployment by comparing the Beveridge curve tradeoffs between vacancy and unemployment rates. We consider monthly data and measure the output of the economy as gross value of...

This paper considers estimation situations where identification, endogeneity and non-spherical regression error problems are present. Instead of always using GMM despite weak instruments to solve the endogeneity, it is possible to first check whether endogeneity is serious enough to cause...

Theil (1968) proposed a transformation of regression residuals so that they are best (minimizes the trace of its covariance matrix), linear, unbiased and subject to the constraint that its covariance matrix is scalar (BLUS) in the sense that it is proportional to the identity matrix. Despite...

The literature on p-hacking primarily highlights its prevalence and the need to pay attention to the practical significance of each regressor. A new R package, 'practicalSigni,' reports 13 indexes for p regressors called m1 to m13. The following methods are missing from the literature. (m6)...

Heterogeneous global trends in asset prices and savings affect the macro economy. Our challenge is to use limited data to make inference regarding underlying causes. In general, government and business decision makers, FDIC type regulators and risk professionals need quantitative tools to help...

This essay suggests concrete ways in which the UN Ambassador-designate John Bolton can help reshape the UN to promote President Bush's worthy goal of greater freedom and democracy around the world. Although freedom appears to be on the march in the middle East and elsewhere, the UN Security...

Since testing for COVID-19 infections is not at all randomized over the general population, most epidemiological model forecasts of deaths are subject to `selection bias.' This paper updates and supplements Vinod and Theiss (2020), where the bias correction using generalized linear models (GLM)...

The R package for maximum entropy bootstrap (meboot) is widely used for numerous applications involving statistical inference for time series data without having to do differencing or de-trending. We report some simulations confirming its effectiveness. It has been used for simulating time...