Archive for September 2007

The answer seems to be yes

September 30, 2007

Do Women Shy Away from Competition? Do Men Compete Too Much?*

MIT Press Journals – Quarterly Journal of Economics – Abstract

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This biggest laugh I have received from a 6 year old recently

September 24, 2007

is when I told her that I took ballet classes as a young man. Gender stereotyping starts way too early.

Interesting working paper

September 22, 2007

Housing IS the Business Cycle (NBER)
by Edward Leamer

Abstract:

Of the components of GDP, residential investment offers by far the best early warning sign of an oncoming recession. Since World War II we have had eight recessions preceded by substantial problems in housing and consumer durables. Housing did not give an early warning of the Department of Defense Downturn after the Korean Armistice in 1953 or the Internet Comeuppance in 2001, nor should it have. By virtue of its prominence in our recessions, it makes sense for housing to play a prominent role in the conduct of monetary policy. A modified Taylor Rule would depend on a long-term measure of inflation having little to do with the phase in the cycle, and, in place of Taylor’s output gap, housing starts and the change in housing starts, which together form the best forward-looking indicator of the cycle of which I am aware. This would create pre-emptive anti-inflation policy in the middle of the expansions when housing is not so sensitive to interest rates, making it less likely that anti-inflation policies would be needed near the ends of expansions when housing is very interest rate sensitive, thus making our recessions less frequent and/or less severe.

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First

September 9, 2007
  • week of elementary school, taking the bus, even.
  • language class at the Chinese school (for all of us).  But L. is in a more advanced class than the rest of us.
  • taste of sunflower seed butter.  We will purchase our own soon.
  • swimming class of the new year.
  • ballet class, coming tomorrow.
  • thesis defense.

Whew.

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A little bit about Godel

September 4, 2007

Best Free Documentaries: Dangerous Knowledge – Full Documentary

I remember being blown away with the result that the irrational numbers were ‘uncountable’ in grad school. To this day, 15 years later, I can still hear the grad school lectures about Cantor’s set in my head.