Description

VIDI grant for research on Econometric methods for incorrect models. Econometric models offer simplistic and stylized representations of vastly complex economies. Statistical methods used in econometrics are designed to be reliable and efficient only when the model provides a perfect description of reality. This project investigates new econometric methods that are optimal in situations when the model is not perfect. The grant is for 5 years (800,000 EURO).
Degree of recognitionNational
OrganisationsNWO

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Econometric methods
Statistical methods
Econometrics
Econometric models