Ben Moll Profile picture
16 Nov, 9 tweets, 7 min read
When a small minority of loud economists attacks researchers from other disciplines, it makes us all look bad.

And allows the media to pit economists against epidemiologists in this unhelpful way economist.com/finance-and-ec…

A short thread:
This @TheEconomist article does not reflect the views of most economists I know.

Most economists I know did not "get off on the wrong foot" with epidemiologists. Instead they highly value their work and just try to learn from it as much as possible.

1/
They do not "intensely criticize" epidemiologists' models or their use. Instead they have hugely benefited from them and been very much aware of how difficult it is to forecast an epidemic in the face of limited and fast-changing data availability and quality.

2/
They also try to interact, collaborate with, and get feedback from epidemiologists and public health researchers

Here are just a few examples:

@toxvaerd1 @giannitsarou & @StephenKissler drive.google.com/file/d/1vQZqq9…

@DBaqaee Farhi @michaelmina_lab & Stock brookings.edu/bpea-articles/…

3/
This joint paper by @Helmholtz_HZI & @ifo researchers, e.g. @APeichl @FuestClemens medrxiv.org/content/10.110…

@mlipsitch presented at the NBER summer institute in July and gave a very instructive presentation, partly precisely on empirical epi methods conference.nber.org/confer/2020/EF…

4/
This @royalsociety report rs-delve.github.io/reports/2020/0… which wasn't explicitly coauthored with epidemiologists or public health researchers but for which we got extensive feedback from them (which is the whole point of the DELVE initiative rs-delve.github.io/about.html)

5/
@nataliexdean and @CT_Bergstrom who were extremely generous in providing detailed feedback on these notes benjaminmoll.com/SIR_notes/

And I'm sure there are many more such examples of interactions that are "on the right foot" (though of course arguably still less than optimal)

6/
For a much more accurate description of such interactions and economists' attempts to make sense of policy tradeoffs during this epidemic see this @WSJ article by @wsj_douglasj wsj.com/articles/resea…

7/
And finally, I'd definitely recommend reading @EpiEllie's interesting JEP article which is cited in the @TheEconomist article aeaweb.org/articles?id=10… (and which is also much more diplomatic) and also this accompanying interview aeaweb.org/research/epide…

8/8

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Ben Moll

Ben Moll Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ben_moll

17 Mar
Covid-19 simulations for US & UK:

imperial.ac.uk/media/imperial…

Many conclusions not new though numbers still crazy, eg low red line in 1st graph = max ICU capacity.

To me long-run scenarios most striking though. Economists, what should policy response be w cycles in 2nd graph?
@R2Rsquared @christianbaye13 @pogourinchas @BachmannRudi @bornecon

As far as I can tell, your and others' economic policy advice assumes single-peaked epidemic scenario.

What if epidemic cycles? Same policies for longer? Or should the policies also cycle?
Clarification: "what should policy response be w cycles in 2nd graph" should have said "what should *economic* policy response be" eg how structure liquidity injections to firms and households?
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!