Joshua Angrist on Econometrics and Causation
EconTalk
00:00
The Case for Precision and Accuracy in Macroeconomics
"It's not obvious to me that we've gotten better at distinguishing causal impacts from correlations," he says. "I see different smart, really smart people say that effects are just not just different size but have different signs" The question is whether the precision and accuracy of what we've discovered with new techniques has improved public policy or not,. But if you draw back and say, where is social science in macro? I mean, again, by what standard?"
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