"Theory is all very well, but in the end someone has to test it. That's where econometrics comes into the equation - literally. It's been said that econometricians sift through mountains of data to uncover simple relationships, and that's really a pretty accurate description of what we do. Our task is to add empiricism to theory, which is absolutely vital for evaluating policies and forecasting.
It's only by applying the most rigorous research methods that we can provide the sort of answers that economists and policymakers need to understand what has happened in the past and what might happen in the future."
Steven's staff page
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