Here.
We discuss and compare the use of natural experiments across these different applications and summarize what they have taught us about such diverse subjects as the validity of the Permanent Income Hypothesis, the size of the fiscal multiplier, and about the effects of institutions, social structure, and culture on economic growth. We also outline challenges for future work in each of these fields, give guidance for identifying useful natural experiments, and discuss the strengths and weaknesses of the approach.
From:
Nicola Fuchs-Schundeln
Goethe University Frankfurt and CEPR
Tarek A. Hassan
University of Chicago, NBER and CEPR
We discuss and compare the use of natural experiments across these different applications and summarize what they have taught us about such diverse subjects as the validity of the Permanent Income Hypothesis, the size of the fiscal multiplier, and about the effects of institutions, social structure, and culture on economic growth. We also outline challenges for future work in each of these fields, give guidance for identifying useful natural experiments, and discuss the strengths and weaknesses of the approach.
From:
Nicola Fuchs-Schundeln
Goethe University Frankfurt and CEPR
Tarek A. Hassan
University of Chicago, NBER and CEPR