Natural Experiments in Macroeconomics
Noah and Russ discuss the challenges of finding natural experiments in macroeconomics, highlighting the limited data and the role of ideology in shaping priors. They reference papers by Chris Sims and Ed Lemur that provide valuable insights into the credibility of natural experiments and the limitations compared to lab experiments.In this clip
From this podcast
EconTalk
Noah Smith on Whether Economics is a Science
Related Questions
Is there a disconnect in macroeconomics?
Is there a disconnect in macroeconomics as discussed in the episode Guillermo Calvo on the Crisis, Money, and Macro and the clip Rethinking Monetary Policy when comparing them to the discussions in the episode Robert Solow on Growth and the State of Economics and the clip The Uncertainty of Macroeconomics?
Is there a disconnect in macroeconomics as discussed in the episode Guillermo Calvo on the Crisis, Money, and Macro and the clip Rethinking Monetary Policy?