Lars P. Syll

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The irrelevance of the Ramsey growth model So in what sense is this “dynamic stochastic general equilibrium” model firmly grounded in the principles of economic theory? I do not want to be misunderstood. Friends have reminded me that much of the effort of “modern macro” goes into the incorporation of important deviations from the Panglossian assumptions that underlie the simplistic application of the Ramsey model to positive macroeconomics. Research focuses...

Indicting Putin for war crimes .[embedded content]

Putins Krieg gegen die Ukraine .[embedded content]

The Grace of Undómiel .[embedded content] This one is for all my brothers and sisters in Ukraine, fighting oppression and risking your lives on your long walk to freedom. May God be with you. Never give in. Never give up.

The soft bigotry of low expectations There is much rumbling about the likelihood that the Supreme Court will deal a coup de grâce to racial preferences in university admissions when it takes up two cases, probably in its next term, challenging affirmative action policies at Harvard University and the University of North Carolina at Chapel Hill … But I find myself thinking about … how we’ve allowed ourselves to all but give up on the idea that many Black and...

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Machine learning cross-validation (student stuff) .[embedded content]

Brave Russian TV reporter .[embedded content] Courage is not anything very common, and the value we put on it is a witness to its rarity. Courage is a capability to confront fear, as when in front of the powerful and mighty, not to step back, but stand up for one’s rights not to be humiliated or abused in any ways by the rich and powerful. Courage is to do the right thing in spite of danger and fear. To keep on even if opportunities to turn back are given....

.[embedded content] Quel chef d’oeuvre! Cette tellement triste, belle et émouvante chanson, touche le plus profond de mon âme.