Econometrics Beat: Dave Giles' Blog

Last Thursday, Neil Shah had this piece in the Wall Street Journal . There'a a battle going on between the top U.S. economics depar...

Some of us learn easily from the written word, but for most of us some visualization speeds up the process and generally helps with retenti...

As a result of my recent post on Bayesian estimation of a simple consumption function, a few people emailed asking for proofs of the resu...

Tim Johnson posted a helpful comment on my recent post about Newton. This led tme to Tim's interesting blog called " Magic, Maths...

Sir Isaac Newton had a "day job" - Master of the Royal Mint, from 1699 until his death in 1727.

An independent, well-funded, and well-staffed central statistical agency is a prerequisite for rational public policy-making. Statistics Ca...

We all know that the Maximum Likelihood Estimator (MLE) is justified primarily on the basis of its desirable (large sample) asymptotic prop...

I found this post   by Michael Blastland on The Guardian 's DataBlog  to be refreshing. It's good to see a collaborative internat...

I've aired some of my views on Economics seminars in the past - and especially how they compare with those in some other disciplines. F...

What the title of this post is supposed to mean is: "Estimating a simple aggregate consumption function using Bayesian regression analy...