Mid July, terribly hot, Cambridge, serious Econ research: high time for the yearly NBER Summer Institute. Yesterday I attended an interesting second part of the EF&G Research Meeting, where in particular I’d single out Chetty’s paper on bounding labour supply elasticities with optimization frictions (succeded by Rogerson’s excellent discussion).
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Montreal, SED, and Pulp(o) Fiction
To start with the last item in the title, it wasn’t to be for The Netherlands… a third World Cup final wasted. Mais, c’est la vie. However, even though I predicted wrongly the winner in the very last game, I still managed to eventually rank 411th among 497,206 participants worldwide, in the Castrol’s FIFA World Cup Predictor Challenge.
→ Read more Hup Holland Hup!
With a very pertinent quote from my good old friend Robert, which best summarizes what needs to happen tomorrow (today, if you are on European soil):
→ Read moreIndeed, the defence is crucial, as is violence on the midfield.
Weekend econlinks: The quest for perfection
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Gelman writes a useful overview on causality and statistical learning (caveat lector: I have only read through Angrist and Pischke’s book, among the three Gelman mentiones; that one is very well written, but aimed at junior graduate students at best: hence, the book’s tag “an empiricist’s companion” is overselling it; and that has nothing to do with Josh Angrist kindly “advising” me to change my PhD topic/focus, sometime in my beginning graduate years, because ‘nobody serious would be interested in structural modelling’ :-)).
Sunday night econlinks: Interviews edition
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Sequence of very welcome interviews by John Cassidy with several members of the “Chicago School”, about the status of Economics in the context of the current crisis, the Chicago School nowadays, the Milton Friedman legacy etc: interview with Richard Posner; Eugene Fama; John Cochrane; Gary Becker; Jim Heckman; Kevin Murphy; Raghuram Rajan; and Richard Thaler (my favourite interviews here are the ones with Murphy, Heckman, and Rajan).