-The Indian Express Banerjee, Duflo and Kremer introduced a paradigm shift in approach to alleviating poverty. The Nobel Prize in Economics for 2019 has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer for “their experimental approach to alleviating global poverty”. The approach, popularly known as Randomised Control Trial (RCT), has been the buzzword among development economists for almost two decades. Banerjee, Duflo and Kremer have used this technique (inspired...

-TheWire.in All three winners argue that using randomised control trials can lead to better public policy interventions. New Delhi: The 2019 Nobel Prize for economics has been awarded to three economists who have focused on framing policies by first measuring the outcomes of alternative interventions on randomly chosen samples from a target population. Abhijit Banerjee, Esther Duflo and Michael Kremer have all worked on using this method to argue that randomised control trials...

-Scroll.in They observed that data unfavourable to the government was getting revised or suppressed on the basis of questionable methodologies. A group of economists and social scientists on Thursday urged the Indian government to restore the integrity of statistical organisations as their national and global reputation was “at stake”. Any data unfavourable to the government “seems to get revised or suppressed on the basis of some questionable methodology”, they said, citing some...

-Livemint.com Economist Esther Duflo on demonetisation impact, role of randomized control trials in policymaking, low priority assigned to health and education in India New Delhi: India’s demonetisation of high-value currency notes is a dramatic example of a policy announcement made without any serious thought given to implementation, said Esther Duflo, one of the leading development economists of the world and a professor at the department of economics at the Massachusetts Institute of...

-The Indian Express Delhi’s odd-even trial was brave, but policy needs good research at design stage. The trial period of the odd-even policy demonstrated a commendable willingness from the Delhi government to experiment with a policy option, and decide its future based on the evidence of impact, and acceptability from the residents of Delhi. Good evidence on the impact of any public policy requires a willingness to experiment, quality data, and a...