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  1. Vor einer Stunde · Alongside the RCT revolution, research estimating policy impacts using natural experiments has flourished, stemming from the “credibility revolution” pioneered by David Card, Joshua Angrist, and Guido Imbens, Nobel laureates in Economics in 2021. These studies using natural experiments aim to assess the effects of large-scale policies and long-term impacts that are difficult to address ...

  2. Vor einer Stunde · In 2021, David Card, Joshua D. Angrist, and Guido W. Imbens were awarded for their empirical research using natural experiments and their methods of causal inference. Claudia Goldin, the laureate in 2023, delivered a groundbreaking empirical analysis of women’s earnings and labor market participation spanning centuries using a diverse array of data and a hybrid empirical method.

  3. Vor einer Stunde · The first explicit discussion in the field of economics was probably Angrist's doctoral thesis submitted to Princeton University. This is known as the Wald estimator. In this paper, we estimate the impact of exogenous fluctuations on X and Y using different data, which is known as the two-sample instrumental variable method. This can be said to be a natural idea when the instrumental variable ...