FEB macroeconomist Dr Jan Jacobs, a colleague of Nobel Laureates Sargent & Sims, blogs about the game played by economists to predict the prizewinners, the peerlessness of the of the Nobel Committee and incorporating the work of the winners in his own research. ‘What a coincidence that research into cause and effect in empirical macroeconomics won a prize in the same week that physicists discovered that time could possibly run backwards!’
► Read the whole of Jan Jacobs’s blog (in Dutch) on FEBlog.
For retailers, it is worthwhile to add an app to their sales channels. Customers who use the app are more likely to make a purchase, have a higher purchase frequency and spend more money than customers who only use a store’s website.
"Should you fear technology?" That was the question PhD student Femke Cnossen, from the Faculty of Economics and Business, addressed during her prize-winning pitch at the UG 3MT competition held in March of this year.
When firms need more resources to meet increasing demand, they usually add more resources. However, when demand declines, will firms reduce idle resources to respond to the decline? The answer is yes, but the reduction will often not be equivalent...