ERC Starting Grant · 2021
Econometrics for Macroeconomic Policy Evaluation
Traditionally, the evaluation of macroeconomic policy has relied on analyzing specific economic models which often do not correspond to the complex and data-rich environments in which real world policy decisions are made. To this extent, I propose to develop a new framework for evaluating macroeconomic policy decisions ---policymetrics--- that is inspired by the robust inference literature in econometrics and makes minimal assumptions on the underlying economic model. The methodology detects optimization failures, i.e. instances in which policy decisions do not minimize the (welfare) loss function, and determines the causes and dynamics of such failures, all while fully respecting the…
From the public funding record at EU CORDIS. Describes the funded project, not the reviews below.