The Randomista movement radically transformed how economic research is broached and public welfare policies are conceived through the incorporation of randomized control trials.
In an introductory macroeconomics class, students are taught this sequence of events: as the central bank prints more currency, money supply increases, interest rates decrease, spending increases, and aggregate demand increases which raises prices…
In most economics courses, students are taught models that are built in dynamic stochastic form…
The Economics Review 