PAUL JOHNSON
  • HOME
  • BLOG
  • Kiviq Software Instructions
  • Kaivik Software Instructions
  • Kaivik Manuscript and instructions
  • Original Vernon Smith Double Auction Experiment Paper
  • Experimental Economics Labs
  • Economic Education Resources
  • Kaivik Manuscript and more instructions

Only Paul Could Go To Changchun

Natural Experiments in Macroeconomics

1/16/2016

 
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

Comments are closed.
Proudly powered by Weebly