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Economic forecasting is fraught with the perils of excessive noise

Economists GDP forecasts are often inaccurate due to the flexibility and varying variables used in their analysis, as well as unforeseen events. Forecasting models have limited validity and should be taken with caution when making policy or investment decisions. Ranges of forecasts may be more realistic than specific numbers.
Reserve Bank Economic Forecasts Rain Forecasts India Meteorological Department Gross Domestic Product Gdp Forecasts Financial Year

Report: Racial inequities 'pervade' Philly's juvenile justice system | Tuesday Morning Coffee | State

More kids have been diverted, but costs have soared for those who remain, according to a report released Monday.The post Report: Racial inequities ‘pervade’ Philly’s juvenile justice system | Tuesday
United States Larry Krasner Adam Serlin Probation Office Philadelphia Juvenile Justice Services Center Office Of Philadelphia District Attorney Larry Krasner

How Government Unions Affect State and Local Finances: An Empirical 50-State Review

Executive Summary Over the past half-century, the American union movement has moved into government. Despite highly publicized efforts to curtail collective bargaining powers of government unions in Ohio and Wisconsin, almost all changes to government collective bargaining statutes over the past 20 years have increased, not decreased, the powers enjoyed by government unions.
United States West Virginia South Carolina Malta General National Bureau Of Economic Research Virginia Supreme Court

Frontiers | Carbon Emission Trading Scheme, Carbon Emissions Reduction and Spatial Spillover Effects: Quasi-Experimental Evidence From China

The carbon emission trading scheme (ETS) is an essential policy tool for accomplishing Chinese carbon targets. Based on the Chinese provincial panel data from 2003 to 2019, an empirical study is conducted to measure the effects of carbon emission reduction and spatial spillover effect by adopting the difference-in-differences (DID) model and spatial difference-in-differences (SDID) model. The research findings show that: (1) The ETS effectively reduced the total carbon emissions as well as emiss...
New York United States France General Hong Kong Tibet Autonomous Region Macau General

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Project MUSE - Turning Up The Volume: The Amplification of Shame

ABSTRACT: One important strategy human rights organizations (HROs) employ to draw attention to human rights abuses is "naming and shaming." By calling attention to government human rights violations, HROs hope to galvanize world public opinion and increase pressure on repressive regimes to halt abuses. While some HROs, like Amnesty International, communicate directly with their large membership bases, the vast majority of HROs rely on the media to transmit their message to the international com...
United States United Kingdom Kathryn Sikkink Amanda Murdie Sarah Stroup Margaret Keck
Source: jhu.edu

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