Home | News | Artūras Juodis receives a Vidi grant for developing a novel methodological framework to make complex economic models more accessible
News | October 25, 2024

Artūras Juodis receives a Vidi grant for developing a novel methodological framework to make complex economic models more accessible

Research fellow Artūras Juodis from the Amsterdam School of Economics, University of Amsterdam has been awarded a Vidi research grant from the Dutch Research Council (NWO). In his project 'Enhancing Interpretability and Transparency of Econometric Procedures for Dynamic Economic Models,' Juodis is working to make complex economic models more accessible. His research will help economists get clearer insights for better policy and economic forecasts.

Artūras Juodis receives a Vidi grant for developing a novel methodological framework to make complex economic models more accessible
Abstract

In the social sciences, a gap exists between complex dynamic models and the practical limitations imposed by commonly used econometric and statistical tools, making it challenging to translate theoretical predictions into verifiable questions using real-world data. 

This project aims to develop a novel methodological framework to enhance interpretability and transparency in dynamic models and statistical procedures. 

Results will consist of innovative mathematical and statistical tools facilitating the generation of sound, statistically grounded conclusions from economic predictions. 

The project will advance knowledge frontiers in econometrics, empirical economics, and finance, ultimately enhancing data-driven policy making.

About the Vidi Grant

NWO has awarded 102 experienced researchers a Vidi grant worth 850,000 euros. The grant enables them to develop their own innovative line of research and set up their own research group.

 
More awarded projects

Four researchers affiliated to Tinbergen Institute have received a Vidi grant during the 2023 round: Research Fellow Jan Hausfeld (University of Amsterdam) on how attention affects discrimination, especially in group decisions, Research Fellow Arturas Juodis (University of Amsterdam) on making complex economic models easier to understand and accessible and Research Fellow Niels Rietveld (Erasmus University Rotterdam) for research drawing on a unique combination of data, that advances the gene-environment interplay and intergenerational mobility literature on both theoretical and empirical frontiers. Jonne Guyt, faculty member of the Research Master Business Data Science at Tinbergen Institute, also receives funding for his research on the societal impact of health taxes on junk food. See all laureates of the 2023 Vidi round.