How Is Econometrics Changing?

Nobel laureates Joshua Angrist and Guido Imbens examine how the field of econometrics is evolving with John Bates Clark award winner Isaiah Andrews. They explore the rise of regression discontinuity designs, creative uses of randomized trials, and how big tech is affecting economics. They also discuss how empirical problems should drive econometrics, their reaction to how LATE is being used, and the reduced form vs. structural debate. And finally, Guido Imbens (the editor of Econometrica), makes the case for shorter papers!

In this episode, they cover:

  • Where are the fields of economics and econometrics heading?
  • Empirical problems pushing econometric research
  • Implausibly large IV estimates
  • Reduced form vs. structural
  • LATE intuition
  • Shorter papers please
  • The effect of big tech on economics

You can jump right to these topics on the timeline in the video above. 


 More about Guido Imbens

 More about Joshua Angrist

More about Isaiah Andrews


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