(Contributing editors: Bo Honoré, Ariel Pakes, Monika Piazzesi, Serena Ng, Jesse M. Shapiro, Ulrich K. Müller, Mark W. Watson, Harald Uhlig, Dirk Krueger, Kurt Mitman, Fabrizio Peeri, Johannes Brumm, Felix Kubler, Simon Scheidegger, Jakub Kastl, Ivan A. Canay, Azeem M. Shaikh, Kate Ho, Adam M. Rosen)
This is the second of two volumes containing papers and commentaries presented at the Eleventh World Congress of the Econometric Society, held in Montreal, Canada in August 2015. These papers provide state-of-the-art guides to the most important recent research in economics. The book includes surveys and interpretations of key developments in economics and econometrics, and discussion of future directions for a wide variety of topics, covering both theory and application. These volumes provide a unique, accessible survey of progress on the discipline, written by leading specialists in their ﬁelds. The second volume addresses topics such as big data, macroeconomics, ﬁnancial markets, and partially identiﬁed models.