In September 2025, I published a two-part article, “Challenging Marxism and Identity Politics” (see Scipes, 2025a, b). This ...
Structural models of default are widely used to analyze corporate bond spreads, but have generally been unable to explain why risk premiums are as high as they are. This credit spread puzzle can be ...
Semi-structural macroeconomic models (or macrostructural models) are useful frameworks that support economic forecasts and counterfactual policy and economic scenario analysis. The macro modeling team ...