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Contents<br />

xiii<br />

13.7 Concluding Comments 605<br />

Notes 606<br />

References 608<br />

14 Big Data in Economics: Evolution or Revolution? 612<br />

christine de mol, eric gautier, domenico<br />

giannone, sendhil mullainathan, lucrezia<br />

reichlin, herman van dijk and jeffrey wooldridge<br />

14.1 Introduction 612<br />

14.2 The Curse of Dimensionality and Regularization 614<br />

14.3 Policy Analysis and Causal Inference 619<br />

14.4 Prediction 623<br />

14.5 Computational Issues 625<br />

14.6 Conclusions 627<br />

Notes 628<br />

References 628<br />

Index 633

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