The Review of Economics and Statistics is an 84-year old general journal of applied (especially quantitative) economics. Edited at Harvard University's Kennedy School of Government, The Review has ...

After a forecast failure, a respecification is usually necessary to account for the data ex post, in which case there is a gain in knowledge as a result of the forecast failure. Using Norwegian ...

An exchange between Minister of Finance Naoto Kan and Yoshimasa Hayashi (a member of the Liberal Democratic Party who formerly served as the state minister of economic and fiscal policy) at a House of ...

“Consumption is the sole end and purpose of all production,” Adam Smith pointed out. But his “perfectly self-evident” maxim has never held much sway in China. Earlier this year the country’s ...

MANILA, Philippines — Amid high unemployment and smaller savings due to the harder times wrought by the COVID-19 pandemic, consumption among Filipino households has been projected by UK-based think ...

The Unified Pension Scheme operational with effect from April 1, 2025 shall enable Central Government employees covered under NPS, eligible to submit their option for the same under NPS. This ensures ...

In economics, the utility function measures the welfare or satisfaction of a consumer as a function of the consumption of real goods, such as food or clothing. Utility function is widely used in ...