Advances in Economics and Econometrics: Volume 2
Eleventh World Congress

This second volume includes papers presented at the Eleventh World Congress of the Econometric Society, addressing topics such as big data, macroeconomics, financial markets, and partially identified models.

Bo Honoré (Edited by), Ariel Pakes (Edited by), Monika Piazzesi (Edited by), Larry Samuelson (Edited by)

9781108414982, Cambridge University Press

Hardback, published 2 November 2017

376 pages
23.6 x 15.7 x 2.6 cm, 0.63 kg

'This manuscript collects the invited talks from the 2015 World Congress of the Econometric Society. The authors are leaders in their respective fields, and their talks provide a valuable overview of recent research. The collected papers emphasize the connection between theory and empirical practice.' Roberg Porter, William R. Kenan, Jr Professor of Economics, Northwestern University, Illinois

This is the second of two volumes containing papers and commentaries presented at the Eleventh World Congress of the Econometric Society, held in Montreal, Canada in August 2015. These papers provide state-of-the-art guides to the most important recent research in economics. The book includes surveys and interpretations of key developments in economics and econometrics, and discussion of future directions for a wide variety of topics, covering both theory and application. These volumes provide a unique, accessible survey of progress on the discipline, written by leading specialists in their fields. The second volume addresses topics such as big data, macroeconomics, financial markets, and partially identified models.

1. Opportunities and challenges: lessons from analyzing terabytes of scanner data Serena Ng
2. Is big data a big deal for applied microeconomics Jesse M. Shapiro
3. Low-frequency econometrics Ulrich K. Müller and Mark W. Watson
4. Shocks, sign restrictions and identification Harald Uhlig
5. On the distribution of the welfare losses of large recessions Dirk Krueger, Kurt Mitman and Fabrizio Peeri
6. Computing equilibria in dynamic stochastic macro-models with heterogeneous agents Johannes Brumm, Felix Kubler and Simon Scheidegger
7. Recent advances in empirical analysis of financial markets: industrial organization meets finance Jakub Kastl
8. Practical and theoretical advances in inference for partially identified models Ivan A. Canay and Azeem M. Shaikh
9. Partial identification in applied research: benefits and challenges Kate Ho and Adam M. Rosen.

Subject Areas: Probability & statistics [PBT], Economic statistics [KCHS], Econometrics [KCH], Economics [KC], Economics, finance, business & management [K]