Economy
Big Mac Index

Big Mac Index

When somebody from the West travels to Southeast Asia, he cannot help but notice how very low the cost of living is relative to the West. How do we compare prices across countries? The Big Mac index gives us an approximation.  Purchasing power parity Purchasing power...

Past, Current and Future Macroeconomic Models

Past, Current and Future Macroeconomic Models

The Great Recession after the financial crisis gave rise to a lot of criticism of contemporary macroeconomic models. The standard modeling assumptions were severely challenged by scholars and policy makers, as they could not account for frictions in the financial...

How to win Deal Or No Deal

How to win Deal Or No Deal

Have you ever wondered whether there is a winning strategy when playing Deal Or No Deal? The game show might seem like a game of chance, as you choose a suitcase at random and are betting against a banker. However, the opposite is true: you can play according to a...

Eating your cake the right way

Eating your cake the right way

For some reason I always have a hard time making inter-temporal decisions. Should I drink a few more beers tonight, taking into account that I have a lecture at 9 am tomorrow? Should I buy that new piece of clothing or save to accumulate some (possibly negative)...

Tornado Cash

Tornado Cash

Tornado Cash is a tool used on the blockchain. Specifically on the Ethereum blockchain and is known as a crypto mixer. Recently Tornado Cash has been in the news because it has been added to the Specially Designated National & Blocked Persons List (SDN). This...

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