A case of regress in applied econometrics: Arellano Bond 91 on feedback in panel data was the most cited econ paper of all time. Recent focus on DiD, with or without heterogeneity, has given us methods which fail under feedback, which is omnipresent in dynamic models. A useful reassessment here:
Check out the video of Stéphane Bonhomme's brilliant Sargan Lecture on feedback and heterogeneity in panel data at the 2025 RES Annual Conference in Birmingham #RES2025@resmedia.bsky.social#EctJ
In Stéphane's words, let's get "Back to Feedback"!
A case of regress in applied econometrics: Arellano Bond 91 on feedback in panel data was the most cited econ paper of all time. Recent focus on DiD, with or without heterogeneity, has given us methods which fail under feedback, which is omnipresent in dynamic models. A useful reassessment here:
In 1953, RAND had "extensive computing facilities". However, their researchers were frustrated about the long delay between submitting a computation request and receiving their answer. 🧵
March 17, 2025 at 7:23 PM
In 1953, RAND had "extensive computing facilities". However, their researchers were frustrated about the long delay between submitting a computation request and receiving their answer. 🧵
Long gone are the days when I would stay out in London until 4am or 5am. But for those nightbirds still treading the tiles, this is a great set of maps by @matildakdavies.bsky.social showing where you can find pubs and clubs still open at those times datawrapper.dwcdn.net/mSomR/1/
Long gone are the days when I would stay out in London until 4am or 5am. But for those nightbirds still treading the tiles, this is a great set of maps by @matildakdavies.bsky.social showing where you can find pubs and clubs still open at those times datawrapper.dwcdn.net/mSomR/1/