The analysis of empirical economics has long made use of a tool called the generalized method of moments (GMM). This method is used as a generic way of estimating parameters in an empirical model ...

I want to follow-up on the conversation about ideology and empiricism with Russ Roberts, Noah Smith, and Paul Krugman. Here is my previous entry, and here is Noah's with some updates and links.

For most people, the idea that individuals compare themselves to others in determining their own utility, that is, their sense of happiness or well-being, rings true. Memories from the school yard, ...

Bloom, Nicholas, Renata Lemos, Raffaella Sadun, Daniela Scur, and John Van Reenen. "The New Empirical Economics of Management." Journal of the European Economic Association 12, no. 4 (August 2014): ...

MIT labor economist Joshua Angrist was honored for his work on “natural experiments” that make the field more empirically rigorous. On October 11, Joshua D. Angrist became the eighth person to win a ...

In recent years, criticism has been levelled at economics for being insular and unconcerned about real-world problems. But a new study finds that the field increasingly overlaps with the work of other ...

With increased access to “big” data, students and employees who are able to analyze data and apply the results to strategic decisions in business and public policy are in high demand. We aim to ...

The Economic Issues series was inaugurated in September 1996. Its aim is to make available to a broad readership of nonspecialists some of the economic research being produced in the International ...