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Today’s Economy 4 1/18/2011 3:42 PM Can we have export-led growth? Counterfactual To evaluate a policy (such as, exercising)
compare the results with what would have
been in the absence of the policy
been “Counterfactual”: what would have been in the
absence of the policy How do we know “what would have been”?
been” We use “models”
models” Administrative Matters Overview of Course Today’s Economy
Today’s Economy Administrative Matters Overview of Course Today’s Economy
Today’s Economy 5...
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