Presentation on theme: "Is hyperinflation caused by solar flares?. Is hyperinflation more likely to occur in years with increased solar flare activity? (i.e., here’s my research."— Presentation transcript:
Is hyperinflation more likely to occur in years with increased solar flare activity? (i.e., here’s my research question) Scientists can document and forecast increased periods of solar flare activity. Thus, we can use this knowledge to predict money supply reactions and hopefully formulate policies to counteract adverse affects. (i.e., why is this interesting or why should anyone care?) Also, solar activity is exponentially increasing in recent years (Jacobs, 2011, J. Exponential Research) and this is cause for concern that economies around the world may experience hyperinflation on a scale never-before seen. I will collect data from price levels and money supply in 10 developed nations, as well as collect data from solar surface samples to test this hypothesis.
Hypothesis: Solar flare activity leads to hyperinflation Related Literature (i.e., what others have found) Scientist have found that solar flares are hot (Jamison, 1932, J. Solar Flare Research) Bethel et al (500 B.C., J. Heat Research) reported that hot things can burn paper. Dulop (1642, J. of Colonial Paper) document that paper money is close enough to paper so that it burns Somewhat relatedly, Michelson and Woods (2008, J. Panic Research) found that weird astronomical events cause widespread panic, and hyperinflation can be considered a macro-economic panic event.
Data and Analysis approach (i.e., describe the data you’ll get and how you plan to analyze it) I will collect macro economic data on the following countries: XXXXXXX from the World Bank World Development Indicators databank. Data range will be from 1900-2010, and I will analyze data both on annual inflation rates Solar flare data from that same range will be collected by using time machine (Back to the Future, 1985, DeLorean) and U.S.S. Enterprise for time/space travel. Direct surface samples then taken using thick oven mitt. Proposed analytical model Y= 1 X 1 + 2 X 2 + estimated by OLS regression Y=Annual Inflation Rate X 1 = Solar Flares per square mile of solar surface X 2 = Economic Confidence Index (to control for panic level unrelated to solar flares)