This is the second of two volumes containing papers and
commentaries presented at the Eleventh World Congress of the
Econometric Society, held in Montreal, Canada in August 2015. These
papers provide state-of-the-art guides to the most important recent
research in economics. The book includes surveys and
interpretations of key developments in economics and econometrics,
and discussion of future directions for a wide variety of topics,
covering both theory and application. These volumes provide a
unique, accessible survey of progress on the discipline, written by
leading specialists in their fields. The second volume addresses
topics such as big data, macroeconomics, financial markets, and
partially identified models.
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