We consider infinite products of the form ,where {mk} is an arbitrary sequence of trigonometric polynomials of degree at most n with uniformly bounded normssuch that mk(0)=1 for all k. We show that can decrease at infinity not faster than and present conditions underwhich this maximal decay...

This paper shows that Vector Autoregression with Bayesian shrinkage is an appropriate tool for large dynamic models. We build on the results by De Mol, Giannone, and Reichlin (2008) and show that, when the degree of shrinkage is set in relation to the cross-sectional dimension, the forecasting...

This paper describes the survey of Skills, Technology, and Management Practices (STAMP), which emphasizes the use of behaviourally specific questions in order to improve the quality of job measures. Such measures yield better understanding of the absolute levels of job demands compared to items...

Outsourcing of jobs to low-wage countries has increased the focus on the accumulation of skills - such as Math skills - in high-wage countries. In this paper, we exploit a high school pilot scheme to identify the causal effect of advanced high school Math on labor market outcomes. The pilot...

Random field regression models provide an extremely flexible way to investigate nonlinearity in economic data. This paper introduces a new approach to interpreting such models, which may allow for improved inference abour the possible parametric specification of nonlinearity.

Disputes over whether the Scientific Revolution contributed to the Industrial Revolution begin with the common assumption that natural philosophers and artisans formed radically distinct groups. In reality, these groups merged together through a diverse group of applied mathematics teachers,...

General equilibrium models are typically presented with mathematical methods, such as the Edgeworth Box, that do not easily generalize to more than two goods and more than two agents. This is fine as a conceptual introduction, but it may be insufficient in the "Big Data-Machine-Learning-Era",...

For all students who wish to understand current economic and business literature, knowledge of mathematical methods has become a prerequisite. Clear and concise, with precise definitions and theorems, Werner and Sotskov cover all the major topics required to gain a firm grounding in this subject...

We propose simple mathematical models for the legal concept ofbalancing of interests, to resolve the conflict between the rights toprivacy and to the protection of personal data in Art. 7 and Art. 8 ofthe EU Charter of Fundamental Rights (EUCh) against the right ofaccess to information derived...