Instrumental Variable Instrumental variable is a very important technique that is applied in statistics and econometrics. However, it can be a bit confusing to most people. The technique is used in the estimation of casual relationships when controlled experiments are not feasible or when a treatment is not is not delivered successfully to each unit

Sample Essay on US Electoral College

US Electoral College The United States constitution specifies the United States President and Vice President are to be selected every four year by a small group of people. These people are individually known as ‘presidential electors’ and collectively as the ‘Electoral College’. Therefore, the Electoral College is not a place but rather a process. It

 United States Fiscal Cliff The United States fiscal cliff came into existence in 2013 January whereby, a series of laws previously enacted came into effect simultaneously. The 2001 Bush tax cuts which had received a 2 year extension by the Tax Relief Act of 2010 and were to expire on 31st December 2012 as well

 United States Debt Ceiling Crisis The United States did not have any debt ceiling prior to 1917. Before this period, Congress either allowed Treasury to issue certain debt instruments or it authorized specific loans. There are instances when Congress authorized Treasury to use its own discretion to decide the type of debt instrument to be

United States Debt Ceiling The United States debt ceiling also known as the debt limit is a legislative mechanism that limits the amount of national debt issued by the Treasury through limiting the amount of moey the government can borrow. Debt ceiling therefore is an aggregate figure that’s applied to gross dent which also includes

Pension Obligation Bonds Personal obligation bonds are financing maneuvers that make it possible for local governments and states to ‘wipe out’ pension liabilities that are unfunded by borrowing against future tax revenues. Once this is done, it is followed by investing proceeds in equities and other cases, high yield investments. The reasoning behind this is