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Summary
The paper titled “Not your father’s Recovery” written by Kenneth R. Beauchemin, was published in the Federal Reserve Bank of Cleveland, in September 9, 2010. This paper focuses on the primary problem of the recovery in the wake of the Great Recession. The author introduced the vector-autoregressive (VAR) model and thinks this model to solve the problem of the recovery in the Great Recession. This paper is published from Economists or experts in Economics regarded by the Economics issues.
Organization
The author organized this paper with a short introduction and a long part of graphics and literature review, a long recommend and a shorter conclusion. This paper is structured into distinct sections. The direct thesis is located in the first paragraph of the first sentence “If all goes according to the usual business-cycle dating procedures, a committee at the National Bureau of Economic Research (NBER) will soon convene to declare that what has come to be known as the “Great Recession” came to an end in June 2009” (Kenneth R. Beauchemin, 2010).
Also, the paper is cleanly organized. The paper has the main theme at the beginning with a brief guide to the audience, the basal Economics backgrounds, the results of the research and the approaches.
In the first part of the paper, there is the abstract section. The authors concluded, “The comparison is made using a scaled-down version of the sophisticated and powerful models that real forecasters actually use. Applying it to real GDP growth, unemployment, inflation, and the federal funds rate suggests that the recovery looks consistent with past recoveries- at least so far.” (Kenneth R. Beauchemin, 2010). This part served as the overview and explicit display of the paper.
The second part of the paper is the literature and graphics review, which introduced the Vector Autoregressions (VAR) and the Force of History. In order to benchmark the new way, the authors contrasted the knowledge of the features of economics and what is the VAR model, also, why we would use the VAR model to do the research.
The third part of the paper is the methods, which is focuses on the Economics index forecast uses the VAR model. the first section is Recovering from the Great Recession. The authors put some examples like the model that is fitted to data from the first quarter of 1959 through the second quarter of 2009. The second section is the force of a more modern history. The authors pointed out some tricks when we use the VAR model.
Finally, the paper shows the concluding comments to sum up the whole passage.
Research
For regular research, most of the research in this paper is secondary research. As for this paper, most of the research came from published data and Economics reporting, because the author use direct data to analyze the topic of the paper. Thus, the authors supported their ideas more with secondary research. Furthermore, they displayed one table to show the details of knowledge of economics. For example, the authors provide the conception of Real GDP and Core PEC inflation. The authors also use paraphrases to support the topic. The paraphrases are more than the direct quotes and data. The document style is APA.
Style
Looking at the style, the author tended to use present tenses and active voice when delivering the article. He also chooses 1st person plural for start. It helps the author express ideas logically and the readers understand easily. For example, “The line predicts 9.7 percent growth from the third quarter of 2009 to the second quarter of 2010, but we got only got 3.2 percent instead.” (Kenneth R. Beauchemin, 2010). Next, as for the paper, diverse transitions have been included between paragraphs, between words and between sentences. Conjunctive adverbs, for example ‘however’ and ‘therefore’ play the role in building up sentence relations. ‘As a result’, ‘But’, are used as paragraph-level transitions to signal connections. Many more transitions, such as ‘and’ and ‘so’, show the coherence among statements and words.
The paper’s main point is stated with each paragraph in the first sentence-a one-sentence summary. It was said what to expect as the audience goes on. They come first in the paragraph related to them. Therefore, the authors give the topic sentence was that “Two consequences of such an approach are important for Economics forecasting approaches.” Then the author explains some consequences in the following paragraphs.
Conclusion
All in all, this is a high-quality paper. The details of the context are about the interpretations of VAR model. I read the paper and got some news idea about Economics. This is not just a good writing lesson, but also a helpful one of my field of study. However, I knew how to use research results in a paper. It will help me to write a good paper in economics in the future.
References
Kenneth, R..B. (2010, Sept). Economic Commentary. Not Your Father’s Recovery? Retrieved from http://www.clevelandfed.org/research/commentary/2010/2010-12.cfm
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2023-24英超聯賽萬眾矚目，2023年8月12日開啟了第一場比賽，而接下來的賽事也正如火如荼地進行中。本文統整出英超賽程以及英超賽制等資訊，幫助你更加了解英超，同時也提供英超直播平台，讓你絕對不會錯過每一場精彩賽事。
英超是什麼？
英超是相當重要的足球賽事，以競爭激烈和精彩程度聞名
英超是相當重要的足球賽事，以競爭激烈和精彩程度聞名
英超全名為「英格蘭足球超級聯賽」，是足球賽事中最高級的足球聯賽之一，由英格蘭足球總會在1992年2月20日成立。英超是全世界最多人觀看的體育聯賽，因其英超隊伍全球知名度和競爭激烈而聞名，吸引來自世界各地的頂尖球星前來參賽。
英超聯賽（English Premier League，縮寫EPL）由英國最頂尖的20支足球俱樂部參加，賽季通常從8月一直持續到5月，以下帶你來了解英超賽制和其他更詳細的資訊。
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比賽採用三分制，贏球獲得3分，平局獲1分，輸球獲0分。
以積分多寡分名次，若同分則以淨球數來區分排名，仍相同就以得球計算。如果還是相同，就會於中立場舉行一場附加賽決定排名。
賽季結束後，根據積分排名，最高分者成為冠軍，而最後三支球隊則降級至英冠聯賽。
英超升降級機制
英超有一個相當特別的賽制規定，那就是「升降級」。賽季結束後，積分和排名最高的隊伍將直接晉升冠軍，而總排名最低的3支隊伍會被降級至英格蘭足球冠軍聯賽（英冠），這是僅次於英超的足球賽事。
同時，英冠前2名的球隊直接升上下一賽季的英超，第3至6名則會以附加賽決定最後一個升級名額，英冠的隊伍都在爭取升級至英超，以獲得更高的收入和榮譽。
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