Objective Identification of causal effects from non-experimental data is a difficult task because of the scarcity of plausible exogenous variation in the data. Typically, variation in the ‘treatment’ variable, such as a policy intervention, is not independent from relevant but unobserved characteristics of the underlying causal relationship. Causal inference often relies on the availability of valid instruments. A serious threat to the internal and external validity of econometric inference arises when the instruments are weak. This problem is well documented and is pervasive across most areas of economics.The proposed research will make a number of methodological and applied contributions to the current state of the art. First, it will provide improved methods of inference that are robust to the problem of weak instruments. Second, it will propose new approaches to the identification of dynamic causal effects that is particularly relevant for the analysis of macroeconomic policy. Third, it will apply state of the art econometric methods to the study of unemployment and business cycle fluctuations, with particular emphasis on European data. Fields of science social scienceseconomics and businesseconomicseconometricssocial sciencessociologysocial issuesunemployment Programme(s) FP7-PEOPLE - Specific programme "People" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013) Topic(s) FP7-PEOPLE-2011-CIG - Marie-Curie Action: "Career Integration Grants" Call for proposal FP7-PEOPLE-2011-CIG See other projects for this call Funding Scheme MC-CIG - Support for training and career development of researcher (CIG) Coordinator THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF OXFORD Address Wellington square university offices OX1 2JD Oxford United Kingdom See on map Region South East (England) Berkshire, Buckinghamshire and Oxfordshire Oxfordshire Activity type Higher or Secondary Education Establishments Administrative Contact Stephen Conway (Dr.) Links Contact the organisation Opens in new window Website Opens in new window EU contribution No data
