- Portrait of René Roy and stylised equations
Emir KAMENICA is the Richard O. Ryan Professor of Economics and Neubauer Family Faculty Fellow at the University of Chicago Booth School of Business. Among his editorial duties, he is notably the Editor of the Journal of Political Economy.
He studies an eclectic set of topics in microeconomics with a focus on theoretical work in information design. His work has garnered him a number of honours and fellowhips including the 2013 Alfred P. Sloan Research Fellowship. He also holds an honorary doctorate from Shepherd University.
Emir KAMENICA will present a paper, joint with Ben Brooks and Alex Frankel, at the next Roy-ADRES Seminar on the theme:
Date: Monday, September 12th - 5 PM
Location: PSE - Jourdan Campus - R1-09
Our next Roy-ADRES will host Rani SPIEGLER (Berglas School of Economics, Tel Aviv University) on September 19th.
- Tweet from Florian Oswald about online econometrics course
The European Economic Association (EEA) announced the recipients of its 2022 Award for Innovation in Teaching this past week. The 2000€ prize is awarded to an individual or group, who has demonstrated innovation in their teaching. The Award Committee received very strong applications from more than 15 institutions including UCL, University of St.Gallen, KU Leuven, and… Sciences Po!
The Department’s permanent faculty member Florian OSWALD received an honorary mention, alongside UCL’s Centre for Teaching and Learning Economics. The laureate - the Graduate Applications International Network (GAIN) - was commended for its work in supporting prospective graduate students from across all countries in Africa, in applying for postgraduate and PhD programmes in Economics and other related subject such as political science.
Florian teaches three courses (undergrad Introduction & Advanced Econometrics, and PhD-level Computational Economics) whose “unifying feature is that they all use a fair amount of computer code to either help illustrate core concepts…, or indeed because code is the main content to talk about.” In his own words, these are “data science courses for economists”.
For Florian, such courses must be “hands on” – “working with computers and software to solve problems needs to be practiced first hand, i.e. by the students themselves” – and is a strong believer in the virtues of team work – not only do less experienced students stand to gain from more experienced ones, but the advanced students also benefit from having to teach concepts and to view problems from a different angle at times in order to better explain them to their peers. And all students stand to benefit from overcoming “a certain form of stigma which deters them from asking questions”.
This teaching philosophy undoubtedly warranted the EEA’s honorary mention for innovation in teaching. It also helped Florian, as well as Jean-Marc ROBIN, address a critical issue for undergraduate econometrics courses: students were complaining that the ‘traditional’ econometrics course was either too hard, too mathematical, or too easy and not challenging enough.
Florian and Jean-Marc “took the dramatic step to completely eliminate all linear algebra and proofs” preferring “interactive simulation exercises” and “(investing) heavily in producing R interactive apps and online quizzes for moodle”.
They also chose tools that would foster simple and clear communication as well as team work. According to Florian “these are exciting times to try out new environments for teaching, and everything that makes teaching (and learning) more fun and enjoyable should be an option. In November 2020 for example, we used the custom-built gather.town model of the department of economics at Sciences Po in order to do group work in the econometrics course. Students choose different virtual “rooms” to sit in (they have to walk around on screen in a very simple 2D setting), and then talk to each other in a video-conference.”
The student feedback has been overwhelmingly positive. Congratulations to Florian Oswald !
Florian OSWALD joined the Department in 2015. Specialised in housing, urban, macro and labour economics, he is also interested in the computational techniques required for structural estimation of microeconometric models.
- Stylised calendar data
Fedor ISKHAKOV is Professor of Economics and Australian Research Council (ARC) Future Fellow at the Research School of Economics of the Australian National University. He was a Senior Research Fellow at the ARC Centre of Excellence in Population Ageing Research (CEPAR) for three years before joining the faculty at the Australian National University. Among his editorial duties, he is the co-founder and Editor-in-Chief of the Journal of Open Source Economics (JOSEcon) since 2019, and was a guest co-editor for special issues of the Econometrics Journal University of New South Wales and the Journal of Econometrics (Annals of Econometrics).
He is an applied microeconometrician and a computational economist working in the field of structural estimation of dynamic models of individual and strategic choice, with applications to labour economics, public economics, durable goods markets, household finance, applied industrial organization and dynamic games. His work is internationally recognised and has been awarded a number of important research grants, the latest of which is an ARC Future Fellowship for his project Solving and estimating dynamic models of strategic interaction.
Fedor ISKHAKOV will present a paper, joint with Kenneth Gillingham, Anders Munk-Nielsen, John Rust, and Bertel Schjerning, at our next Departmental Seminar on the theme:
Date: Monday, September 12th - 2:45 PM
Location: Department of Economics - 4th floor - Room H 405
- 3D illustration of a labyrinth with the word "credibility" at the centre of it
Empirical economics sets out to fill the gap between economic theory and observed data. Relying on case studies and econometrics, it is useful to evaluate and improve public policies in areas such as labour, health, education, family and development economics. But in 1983, Edward Leamer took empirical economists to task: take the “con out of econometrics”! And pursued: “Hardly anyone takes data analysis seriously. Or perhaps more accurately, hardly anyone takes anyone else’s data analysis seriously.” Two decades later research design and the question of replicability in the field had so greatly improved that Joshua D. Angrist and Jörn-Steffen Pischke affirmed that empirical economics had experienced a “credibility revolution”.
Clément de CHAISEMARTIN, who joined the Department’s permanent faculty last year, is not as thoroughly convinced: is the credibility revolution “really credible”?
In July, the European Research Council (ERC) deemed that Clément de CHAISEMARTIN’s proposed research project Completing the revolution: Enhancing the reality, the principles, and the impact of economics' credibility revolution (REALLYCREDIBLE) warranted its full support and awarded it a prestigious ERC Consolidator Grant.
As a reminder, ERC Consolidator Grants are destined to help mi-career researchers consolidate their own teams and carry out innovative projects across all scientific disciplines.
It is the 5th ERC project that the Department has added to its “ongoing projects” in a little over a year! Jean-Marc ROBIN was awarded an “Advanced ERC” grant in December 2021, the arrival last year of Isabelle MEJEAN and Moritz SCHULARICK brought with them their ERC projects TRADENET and SAFEHOUSE, and Ghazala AZMAT was awarded an ERC CoG in March for her project UNEQUALED.
Specialized in economics of education and health economics, and more generally in the field of public policy evaluation, Clément de Chaisemartin is an internationally renowned econometrician. He was nominated in 2022 for the Cercle des économistes-Le Monde “Meilleur Jeune Économiste” Prize, for his work developing new, more robust and transparent public policy evaluation tools.
Before joining our permanent faculty, Clément de Chaisemartin was Associate Professor at the University of California Santa Barbara. He is also a researcher affiliated with NBER, J-PAL and the Institute of Public Policy (PPI). He also contributed to the evaluation of boarding schools of excellence, and to the evaluation of the Parler Bambin Programme, two educational policies aimed at promoting the educational success of children from disadvantaged families. In addition to his numerous academic publications (Journal of Labor Economics; The American Economic Review; Econometrica; The Stata Journal; The Review of Economic Studies; American Economic Journal: Applied Economics; Health Economics), he contributes to the evaluation of IPP public policies.
Clément DE CHAISEMARTIN’s project REALLYCREDIBLE aims to “complete the revolution” in empirical economics using a three-stage logic:
- In the first part he will argue that the credibility revolution may not be quite complete yet, and proposes new statistical methods to enhance the credibility of a very substantial proportion of applied economics research.
- In a second part, he wonders whether credibility is even always desirable. The credibility revolution's focus on unbiased estimators is hard to defend, as variance also matters. As Clément de CHAISEMARTIN underscores, most natural experiments are more complex: multiple places set the policy in motion, at different times and with different intensities making it difficult, even impossible, to measure the effect of the policy. In his project REALLYCREDIBLE, he proposes to trade off bias and variance in a principled manner.
- In the third and final part of the project, he will investigate the impact the credibility revolution may have on policymakers and society at large. To do so, he will run a randomized controlled trial to measure the effect of following an online course presenting policy evaluations, on two very different populations: policy makers and members of the general public, focusing on individuals with a low trust in institutions in that second group.
Congratulations to Clément de Chaisemartin !
Read more about the REALLYCREDIBLE project (link to follow)
- Stylised calendar data
Martin B. HOLM joined the University of Oslo in 2019 as Assistant Professor of Economics just after earning his PhD at the BI Norwegian Business School. He is also a Researcher at Statistics Norway since 2018. Prior to joining the University of Oslo he was a project researcher and economist at the Norges Bank.
His research interests are in macroeconomics, monetary policy and consumption. Although his academic career is relatively young, his research has already garnered international reach and recognition: he is co-investigator in a project Inequality in 3D (with Andreas Fagereng) which was awarded an ERC Starting Grant in 2020. And he has already worked on 4 nationally funded projects by the NRC, including The Effects of Education on the Returns of Wealth for which he is the Principal Investigator.
Martin B. Holm joins us for the inaugural session of our Departmental Seminar Series. He will present a paper, joint with Edmund CRAWLEY and Håkon TRETVOLL, on the theme:
Date: MONDAY, September 5th - 2:45 PM
Location: Department of Economics - Room H 405
Our next Departmental Seminar will host Fedor ISKHAKOV (Australian National University) on September 12th.