Nobel Economics Winner Imbens Looks to Move Beyond Eco Models

The video discusses labor economics, focusing on discrete choice and the impact of technology on wages. It highlights the importance of natural experiments in informing policy and explores the challenges of data certainty using Bayesian methods. The speaker shares personal experiences and acknowledges influential colleagues.

What challenges exist in establishing correlation and causality in macroeconomic settings?

How can we ensure that our economic models are robust and not overly confident?