Nobody downloaded yet

Empirical paper assignment - Essay Example

Comments (0) Cite this document
This assignment will be based on an article titled “We Keep Flunking Forecasts on Interest Rates, Distorting the Budget Outlook”, in the New York Times, written by Jared Bernstein. The article is about how economy policymakers and economist have, in the recent years,…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.7% of users find it useful
Empirical paper assignment
Read TextPreview

Extract of sample "Empirical paper assignment"

Download file to see previous pages The accuracy of estimation is subject to various factors some of which are beyond control of economists. However in most cases there are counterweights that help balance an error in estimation. This means that in a normal estimation there are over and underestimations that cancel out partially or completely. The fact that stands out in the economists’ estimation is that these overestimations occur year after year and indications point at misinformed estimates. Overestimation of interest rates on government bonds has some serious results. Higher borrowing costs imply that the government sets aside more funds to cover this cost. The end effect is that the government will reduce budgets for other functions and allocate more funds for paying up its public debt.
According to the article, economists have a duty come up with ways to increase economic growth. The reasons for this overestimation could be an increase in the amount of funds available for borrowing and to avert any stagnation of bond rates. According to Jared, increased funds available for loaning have the effect of pushing down the costs of borrowing. This can only mean that the estimation techniques used by the economist could be overlooking the increase. Secondly, cost of borrowing is reduced by economic forecasts that indicate growths and inflation. In instances where inflation or reduced economic growth is predicted, costs of borrowing fall. In order to prevent this fall, economists overestimate bond rates so that this acts as a stimulant that will prevent significant drop in borrowing rates.
Another aspect of effects of bond rates overestimation is that they give a wrong impression of economic performance. The cost of borrowing influences calculations on Gross Domestic Product since in effect it influences the rate of economic growth. Later in this assignment we shall have a graphical representation of the public debt expressed as a ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Empirical paper assignment Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Empirical paper assignment Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from
(Empirical Paper Assignment Essay Example | Topics and Well Written Essays - 1000 Words)
Empirical Paper Assignment Essay Example | Topics and Well Written Essays - 1000 Words.
“Empirical Paper Assignment Essay Example | Topics and Well Written Essays - 1000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Empirical paper assignment

Empirical Research Paper

... The report begins with an which provides the general information and the outline of the report. The generally briefs the reader on what they should expect on the whole report, however, the abstract is not written according to the standard format of an. The abstract is not provided on its own page and it is so brief in that, it does provide the complete information concerning what the reader should expect. Additionally, the abstract does not provide an outline of the whole report and the kind of information the reader should expect under each sub-topic. For instance, the introductory part of the report is not included in the abstract. Introduction The report provides comprehensive information concerning a study conducted... The report begins...
4 Pages(1000 words)Essay

Econometrics; empirical research paper; cigarette and education

...Econometrics-Empirical research Short Paper: Cigarette and education April According to Godin (1993), smokers always and in almost all fields perform poorly as compared to non-smokers since they tend to consume more sick days as compared to the latter. Further, it is so because as Richter, D. (2008) puts it, smoking is pleasant and at times appears positive but its damages are beyond compression to an individual. Smokers spent a lot of time trying to get a change to quench their thirst and this has negative implications to their personal well being. According to Richter, the sick days one requests for, the performance of an individual educatuionwise decreases at almost 5%. Richter’s assertions confirm...
2 Pages(500 words)Essay

Paper Assignment

...Don’t Blame Redistricting for Uncompetitive Elections (Abramowitz, Alexander, Gunning) (a) Lack of competition in elections is a national problem. (e) In the 2004 U.S House elections, only five challengers succeeded in defeating an incumbent. (+) Of the 435 seats in the house, only 22 were decided by a margin of less than 10 percentage points. (a) Redistricting has not made these elections less competitive and turning control of redistricting over to nonpartisan commissions would not necessarily increase competition. House districts are classified as safe or competitive based on the majority party vote in the most recent presidential election. (e) Presidential vote closely reflects voters’ party loyalties and is not influenced... Blame...
6 Pages(1500 words)Essay

Assignment paper

...Emotional Intelligence Question I took a test about emotional intelligence from Educational Psychology website and the test was trying to measure several things about me. Some of the things the test was trying to measure include: my knowledge about what my friends’ feelings are about my other friends in our friends’ circle, what my reactions are when my co-worker has an annoying habit, my reaction to a friend who has suffered a major problem, my reaction to minor problems, what to do when my efforts do not pay off well, how easy I make friends, my ability to make important decisions, my reactions to more heated arguments, what to do when facing an unpleasant task, my abilities to judge a character, my confidence level... Intelligence...
2 Pages(500 words)Assignment

Paper assignment

... Secrets Introduction Frank Warren’s speech provides an insight into the world of hidden feelings that humans are in general unwilling to share with their fellow beings under ordinary conditions. Although such thoughts and feelings are kept secret for as long as one lives; any opportunity that ensures that the identity of the person who shares such secrets will be kept confidential renders individuals more open to sharing them. The secrets may give insight into the sociocultural conditions of the society in which people live. Additionally, there are various aspects of life about which people avoid talking; yet they are willing to talk in a confidential manner. Discussion The first thing that I have learnt is that secrets can take...
2 Pages(500 words)Essay

Paper Assignment

...Full Promoting Early Language Development Speech development in toddlers is very important because at this stage, they learn how to communicate their thoughts and feelings well. An adult who supervises and helps develop a child’s speech should be well-equipped with the basic knowledge of early vocabulary and speech development. Since toddlers are still discovering words and their meanings, the help of an adult is very beneficial. Wanting to discover how adults can help toddlers in their speech development, I spent some time with a child whom we will call Joy. In this paper, I will discuss what transpired during the interaction as well as consider what features of speech are likely to promote early language...
4 Pages(1000 words)Assignment

Paper assignment

... Babbitt by Lewis Sinclair Introduction Babbitt by Lewis Sinclair is a story about George F. Babbitt. He is a middle-aged man in the 1920’s who has a good family and a successful career. Lewis Sinclair shows Babbitt in the historical context of the 1920’s where the middle class is engrossed in materialism, social class, and conformity. Babbitt is dissatisfied and unhappy with his life. He feels that he does not have a personality. His individuality has been imposed upon him by society. Lewis molds Babbitt’s character to show the society in the 1920’s. Oppression of the Common Masses and Selfishness of the upper and middle classes Babbitt is not necessarily a bad person. His conformity to the society makes him act in ways... Babbitt by Lewis...
6 Pages(1500 words)Assignment

Review Paper Assignment

...Review Paper Assignment Review Paper Assignment Main research question The main question is to determine the effect of social desirability on survey reports on the factors that determine local people’s attitudes towards foreigners and migration into the country. Hypothesis A hypothesis is a specific testable forecast on the expectations of the study. The study had two hypothesis, but the researcher stated that the second one was the most important to the research. Oberski, Weber and Révilla (2012) suggested that social desirability affect people differently. It is strong to others while it is weak on other people. That was an implication that social desirability acted as a cause of stochastic errors. The stochastic errors refer... effects...
3 Pages(750 words)Book Report/Review

Paper assignment

...concentration on my friends. Video games take up most of my social time, thus rendering me anti-social. Bell advises against negative energy in technology and learning and says it can affect one’s life. The book is helpful as it made me realize I have to balance my social life and time I spend on my computer. I have also learned how useful technology is during my time and learn to appreciate it. The other negative part of technology is that it affects the relationship between the student and the professor. The professors do not get to share with the students their experience and knowledge as the students depend on the search engines for most of their work and assignments. The learning process in class suffers greatly...
7 Pages(1750 words)Book Report/Review

Assignment paper

... Gifting and Culture Gift Giving and Cultural Meaning The act of gift giving can be traced back to the origin of humans. Giving was traditionally used to attract mates. In todays world, gift giving is usually done during various occasions such as during baby shower, Christmas, weddings, Valentines Day, birthdays, and various other occasions. In such cases, a gift is regarded as something surprising given to another person, a group or an institution in appreciation as well as for other etiquette reasons. Various cultural diversities have different cultural ways and the underlying cultural meaning for the various gift they give out. In this essay, my main focus will be on the critical analysis of my cultural gift giving practices... Gifting and ...
5 Pages(1250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Empirical paper assignment for FREE!

Contact Us