The NBER Summer Institute has started again and economists from around the world are now congregating in Boston to discuss their recent work. I wrote last year on the topics that people were interested in. Greece is clearly at the center of discussions and we had today a very intesting interaction with the Governor of the Bank of Japan. There will be a special session on the Greek crisis on Thursday and I'm looking forward to it.
I mostly go to the Econometrics and Forecasting group whose presentations started this morning with in particular Marcelo Medeiros from PUC-Rio on Adaptive Lasso, an interesting method for big data applications. Giorgio Primiceri from Northwestern also presented an interested approach to Bayesian Priors for deterministic terms in VAR estimation.