Author: moralesmendozar

Shocks

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I have been thinking lately about how exogenous shocks affect the economy. To do that, we need to consider first what a shock is in itself. Life sometimes brings surprises, which can be good or bad. Furthermore, these surprises are sometimes expected and sometimes they are not. For example, when your grandparent dies, it is ….  Read More

About Rockefeller

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Today I want to briefly write about Rockefeller and Standard Oil. Most of what I write here can be found in the documentary Men who built America. It can also be found in some texts written by Jesús Fernández-Villaverde, although they are not yet published, so I cannot, unfortunately, provide the reference. The summary of ….  Read More

About growth

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Today I would like to change gears a little bit to talk about a fascinating topic: growth. There is one thing that I do not understand, which basically no one understands, so at least I don’t feel bad about it. On the one hand, it seems like some institutions have been more democratic, and that ….  Read More

Maximization

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Hello! Today I want to talk about maximization, and I will explain why. As part of my research, I have been working with networks and with a relatively simple maximization problem, in order to study how information flows across agents, namely, how can high-level information agents affect low-level information agents, as well as if there ….  Read More