Introduction to Differences-in-Differences
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- Опубліковано 6 вер 2024
- MIT's Josh Angrist introduces differences-in-differences with one of the worst economic events in history: the Great Depression.
Economists still argue about the causes of the Great Depression, but most agree that a key piece of the puzzle was an epidemic of bank failures. Over 9,000 banks failed from 1930 to 1933!
Could the Federal Reserve have prevented this catastrophe?
At the time, regional Federal Reserve branches had considerable policy independence. Some branches helped troubled banks with “easy money”. Others did not, following a “tight money” policy.
Metrics wizards Gary Richardson and William Troost used differences-in-differences to analyze a natural experiment in Mississippi, where one half of the state had tight money while the other half had easy. What did they find?
This introduction to differences-in-differences covers the following:
- Bank failures during the Great Depression
- Easy versus tight monetary policies; moral hazard
- Parallel data trends
- Calculating the treatment effect
- Assumptions for a valid differences-in-differences analysis
*INSTRUCTOR RESOURCES*
Troost/Richardson paper: www.journals.u...
Econometrics test bank: mru.io/kt2
High school teacher resources: mru.io/o15
Professor resources: mru.io/t0f
EconInbox: mru.io/sm5
*MORE LEARNING*
Try out our practice questions: mru.io/wfd
See the full course: mru.io/469
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Congratulations on the Nobel Prize, Mr. Angrist!
Very disappointing that you haven't decided to continue creating what is an incredibly useful and brilliant series.
They are so well done that I can appreciate it's not cheap or fast to produce them, but I'm still sad at that decision.
I am sorry but how do you know they decide to stop producing? I am shocked
@@klairehoang667 Just on the basis that they haven't made any new ones for years, lol
Congratulations on the Nobel Prize award, Professor Angrist!
Another quality econometrics video. BIG THANK YOU, MRU!
Look forward to the next video! I'm obsessed with this econometrics course!
Congratulations 👏👏 Mr.Angrist for winning the noble prize .
Thanks
We are still waiting for the next video since a year? I wish you could be more constant on posting videos
I agree
These videos are really well done! I am really looking forward to seeing the next one produced (hopefully soon!) I would love to see the next one relating to reading papers...
Excellent videos, esp. love the production quality. Hope to see more in the series by Joshua Angrist.
Wow MRU. Unfortunately, i never learned the Regression of DD as an undergrad Econ. Grad. Major. Thanks.
These videos are very helpful for my economy study, and are more interesting than the classes I have taken. Thank you!
Can we also get the STATA codes to achieve this along with the data ?
Congratulations Professor Angrist... Thank you MRU
Can't wait for the complete serie!
10 times more understandable than my university lecture. Thank you very much!
Thank you master Joshway!! It has been 2 years now where is your next video about regression? hurry pls I really need this knowledge xD
Yo bro congrats from peru, this is so well explained.
👏👏👏Proffessor Angrist. You are changing the world.
Have you done a video on how to use regression in finding the DID estimates? Thanks
Working on it! You can sign up to receive an email when it comes out here:
mru.org/mastering-econometrics-joshua-angrist
-Roman
amazing videos, I wish more and more videos like these will be published soon!
Very well made as always. Glad to know I hadn't forgotten this chapter of Mastering Metrics!
Really looking forward for the other videos
Nice video, it's a shame that it invokes the causes of the great depression at the begining but then the example deals instead with an "experiment" during the depression. That leaves the impression that "Easy money" for banks is a "good policy", when a better interpretation (I think), is that "Easy money" during an economic depression can "save" institutions, keeping them afloat, if that is the policy goal. It doesn't matter if they are competent or incompetent Banks or responsible or irresponsible households. Who wouldn't be benefited from "Easy money" during a depression? Still, I think the structural point is missing. Yea, I know the video is about the econometric technique, not the case...
Congrats on the Nobel Prize professor Angrist!
By the way, where can we give feedback on the MRU website? One feature that it sorel missing is a progress tracker--something that let's you know if you've already completed watching a video. It would be very similar to the way Khan Academy tracks your progress.
this is really helpful I'm excited for the rest of the series
I've been watching your videos along with Professor Joyce's class, they've been amazing!
Hey! Can you kindly link me to Professor Joyce's class? I cannot seem to find it!
@@klairehoang667 Hello! I was referring to Professor Ted Joyce at Baruch College, he's teaching in person and knows Professor. Angrist personally which is why he referred us to these videos ^
@@yoyolol22 thank you so much! And lucky you. If you have any other recommendations on econometrics resources (because sadly this series of Prof. Angrist kinda ended) can you kindly recommend me?
When we will have the next video? eagerly waiting..
This is the seventh video in our Mastering Econometrics course.
Full course: mru.io/gfp
Practice questions: mru.io/4ff
Get updated when we release the next video: mru.io/9dt
High school teacher resources: mru.io/06t
Professor resources: mru.io/s8b
Econometrics test bank: mru.io/dcq
You make great stuff, though I've yet to finish all your videos, I hope to.
Hi ! Could you please post the transcript? Thanks!
Where is the next video? :-
Seems like you ended up with two treatment groups. 6:10
Fantastic
Merci à mon camarade de classe Naïm de m’avoir fait découvrir cette chaîne
Derien 👍
Where is district 9
Very useful video
thank you masters
Wow! Good videos!
This is an interesting episode of Archer🤔
😂
I hope this has Vietnamese subtitles