Joshua Angrist on Econometrics and Causation
EconTalk
00:00
The Nature of Inflation
I think it's very hard in a complicated world for people to concede that they're pet theory. And this is on both sides of the amal pick on my own views, which are very Friedman and Schwartz influenced. We can do better than Friedman and Schwartz with the kind of tools that are around today. But I have to mention that in 1945, there was a remarkable natural experiment that World War II ended. It did not change them.
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