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Econometrics is a branch of economics that applies statistical and mathematical methods to analyze economic data. It is a powerful tool to measure the impact of economic policy and to understand how the economy works. News and articles related to econometrics often cover topics such as modeling, forecasting, data analysis, and the impact of economic policy on the economy. Videos related to econometrics cover topics such as how to use econometric models, how to interpret economic data, and how to use econometric tools.
Although the shift toward online learning pre-dated the coronavirus, the pandemic caused a great proliferation in the availability and acceptance of online learning. More and more courses can now be found online, allowing students to continue with their studies or even get credit for some courses from the comfort of their own home.
Both approaches to DSGE macroeconometrics (VAR and Bayesian) have evident vulnerabilities, which substantially derive from how parameters are handled in the technique. In brief, parameters from formally elegant models are calibrated in order to obtain simulated values that reproduce some stylized fact and/or some empirical data distribution, thus relating the underlying theoretical model and the…
from Lars Syll Both approaches to DSGE macroeconometrics (VAR and Bayesian) have evident vulnerabilities, which substantially derive from how parameters are handled in the technique. In brief, parameters from formally elegant models are calibrated in order to obtain simulated values that reproduce some stylized fact and/or some empirical data distribution, thus relating the underlying theoretical…
In econometrics one often gets the feeling that many of its practitioners think of it as a kind of automatic inferential machine: input data and out comes causal knowledge. This is like pulling a rabbit from a hat. Great, but as renowned statistician David Freedman had it, first you must put the rabbit in the…
from Lars Syll In econometrics one often gets the feeling that many of its practitioners think of it as a kind of automatic inferential machine: input data and out comes causal knowledge. This is like pulling a rabbit from a hat. Great, but as renowned statistician David Freedman had it, first you must put the…
Debating econometrics and its shortcomings yours truly often gets the response from econometricians that "ok, maybe econometrics isn't perfect, but you have to admit that it is a great technique for empirical testing of economic hypotheses." But is econometrics -- really -- such a great testing instrument? Econometrics is supposed to be able to test…
Yours truly, of course, feels truly honored to find himself on the list of the world's 25 best econometrics blogs. 1. Bruno Rodrigues 7. Eran Raviv Blog Statistics and Econometrics 9. How the (Econometric) Sausage is Made 14. Lars P Syll Pålsson Syll received a Ph.D. in economic history in 1991 and a Ph.D. in economics in 1997,…
Peter Coy on the ASSA meetings (How the Coachella of Economics Can Survive Covid) (emphasis added): The annual three-day meeting is the Coachella of economics. It’s a be-in and a teach-in. In place of music, art and other earthly delights, there are PowerPoint presentations featuring innovations in econometrics. Nobel laureates...
from Lars Syll Debating econometrics and its shortcomings yours truly often gets the response from econometricians that “ok, maybe econometrics isn’t perfect, but you have to admit that it is a great technique for empirical testing of economic hypotheses.” But is econometrics — really — such a great testing instrument? Econometrics is supposed to be…