Summer School in Econometrics 15-18 August 2005 Nuffield College, University of Oxford

On:

Presented by:

Aim of the Royal Economic Society Easter School in Econometrics:
The school is intended primarily for advanced post-graduate students, but is also open to recently-appointed members of the teaching and research staff. The purpose is to enable participants to become acquainted with the latest developments in the selected field of econometrics, to have the opportunity for study and discussion with two leading authorities in this field, and to meet other graduate students.

Local organizers:
David F Hendry, Bent Nielsen, Neil Shephard.

Purpose:
This School will look at approaches to establishing causality in economics and statistics. Instrumental variable methods will be covered.

Prerequisites:
We list some topics which will be a convenient background:

• Regression analysis.
• Instrumental variable regressions.
• Matrix algebra and calculus.

Papers:
Some reading.

• Cartwright's lectures:
  • * Course outline & readings: Econometrics Summer School on Causality.pdf.
  • Zipped papers: CartwrightPapers.zip.
  • Individual papers:
    • CartwrightCounterfactualsinEcon.pdf
    • CartwrightHoover.pdf
    • CartwrightOnsimon.pdf
    • CartwrightProbExpts.pdf
    • CartwrightVanityofRigour.pdf
    • CartwrightWarrantCauses.pdf
    • FennellIdentifCausOrder.pdf
    • FennellMathEqCausInterp.pdf
    • ReissPracticeAheadOfTheory.pdf
    • Alexandrova models and auctions.pdf
• Heckman's lectures:
  • * Reading List - Revised
  • Handouts on Chicago Web 1
  • Handouts on Chicago Web 2 (for discussion)
  • Some other handouts
    • Heckman, Lochner, Todd: Extentions of the Roy model Handout
    • Heckman: The scientific model of causality Paper
    • Heckman, Urzua, Vytlacil: Understanding Instrumental Variables in Models with Essential Heterogeneity Paper - Revised
    • Heckman, Vytlacil: Econometric model of causality for policy analysis Handout
    • Heckman, Honore: The empirical content of the Roy model Handout
    • Heckman, Navarro: Using matching, instrumental variables, and control functions to estimate economic choice models Handout
    • Heckman et al.: Characterizing selection bias using experimental data Handout
    • Heckman: LaLonde's challenge and background evidence from the matching literature Handout
    • Handout
    • Handout
    • Handout
  • Papers:
    • Cunha, Heckman and Navarro (2005) Seperating uncertainty from heterogeneity in life cycle earnings Oxford Economic Papers 57, 191-261.
    • Heckman (2005) The scientific model of causality
    • Heckman and Honore (1990) The empirical content of the Roy model Econometrica 58, 1121-1149. JSTOR Link
    • Heckman and Navarro-Lozano (2004) Using matching, instrumental variables, and control functions to estimate economic choice models Review of Economics and Statistics 86, 30-57.
    • Heckman and Vytlacil (2005) Structural equations, treatment effects, and econometric policy evaluation Econometrica 73, 669-738.
• Hendry's lecture:
  • Hendry, D.F., 2004, Exogeneity and Causality in Non-stationary Economic Processes, p21-48 in Welfe, A. (ed) New Directions in Macromodelling, Amsterdam: North Holland.
  • Paper
  • Slides
• Lauritzen's lectures:
  • Lauritzen (2001) Causal Inference from Graphical Models. In: Barndorff-Nielsen, Cox and Klüppelberg (eds) Complex Stochastic Systems, Chapman and Hall/CRC Press, 63-107.
  • Pearl (2000) Causality: Models, Reasoning, and Inference, Cambridge University Press.
  • Lecture notes

Venue:
Lectures will take place in Nuffield College. The accommodation and opening reception are organised at Wadham College.

Maps: map to Oxford and Nuffield, map of Oxford Colleges: Nuffield 23, Wadham 43, Wadham.

Registration:
The school is intended primarily for ph.d. students and recent ph.d. candidates from all of the European Union. Participants are encouraged to join the Royal Economic Society. Currently the Society has an offer to new student members with a membership rate for the first three years of only £24 !
Funded places are available for 20 participants. The funding covers (nearly all) meals, accommodation, whereas travel is at own expense.
There is limited number of non-funded places where the participants have to pay either
(i) Conference, Lunch, Breaks: £60
(ii) Conference, Lunch, Breaks, Reception, Conference Dinner: £110.
(iii) Full Board 14th - 18th: £310
(iv) Full Board 14th -18th + B&B 18/19th: £350.
In addition there is a fee of £1000 for non-academic participants and £150 for participants who are not members of the Royal Economic Society.

Application for Registration: There is no application form. The application should contain
(a) c.v.
(b) brief description of research area.
(c) email addresses for your Head of Department, and also for your supervisor if you are a doctoral student.
Moreover, at the course we will distribute a list of participants. For that list we ask for
(d) a couple of sentences describing your research area.
Applications should be submitted not later than June 26th, 2005 to

Alternative Accommodation:

• Hotels and Guesthouses in Oxford
• Oxford Association of Hotels and Guesthouses (has a useful map)
• Oxford Youth Hostel

Some useful links:
The Econometrics Journal, Econometrics Links, RES Easter School in Economics at Birmingham, Oxford's Econometrics Research Group
Royal Economic Society, Future & Past Easter Schools, Nuffield College, Somerville College, Department of Economics, University of Oxford.