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Keynes Fund

Keynes Lecture 2019-2020


Professor Christina Romer (Berkeley)

Speaker: Professor Christina Romer (Berkeley)


Title: "The Narrative Approach to Establishing Causation in Macroeconomics"


Date: 17 October 2019


Time: 5.00-6.30pm


Location: LG19, Faculty of Law




Professor Christina Romer is the Class of 1957-Garff B. Wilson Professor of Economics, University of California, Berkeley.

Lecture information: "The Narrative Approach to Establishing Causation in Macroeconomics"
The lecture will discuss the difficulties involved is identifying causal relationships in macroeconomics and the role that narrative evidence can play in improving identification. Narrative sources, such as newspapers, government reports, and transcripts of policy discussions, can provide crucial information about motivation and causation that can improve empirical analysis. Though a range of applications of the narrative approach will be discussed, special emphasis will be placed on using central bank records to estimate the causal effects of monetary policy. The lecture will include thoughts on whether text analysis and artificial intelligence could make the narrative approach more rigorous and reproducible.


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