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Omitted Variables Bias and The Holy Spirit

All the good in this article belongs to the Lord, a thanks to the blessed virgin mother as well, and the bad is mine. This paper came as inspiration from the Holy Spirit that I put together in one weekend, adding drug activity corrected for the omitted variables bias in the Phillips curve. Something long sought after by Macroeconomists. I tried to get some help with it but no one would ever officially contact me other than through this computer chip in my brain (But I digress) The reason this worked so well is because the drug activity correlates to general criminal activity in the economy, a huge section of the economy previously unmeasured. The paper is posted below, I will get the files up as soon as I get them organized.

 

 Omitted Variables Bias and the Phillips Curve

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