As a rule, replicating studies is boring and insufficiently rewarded. At least boring and insufficiently rewarded relative to striking out into new terrain. Not surprisingly, it doesn't happen much. On the other hand, it's fundamentally important for building knowledge.
Welcome back to the world of econometrics debates! I hope you enjoyed the first installment. Round 2 pits Heckman and Urzúa against Imbens, and is about instrumental variables and estimates the local average treatment effect (LATE).
We've been busy. Here's why.
Dean Karlan, Jonathan Morduch
A review of recent innovations that are improving the quantity and quality of financial access. Authors relate the innovations and empirical evidence to theoretical ideas, drawing links in particular to new work in behavioral economics and to randomized evaluation methods.
Siddhartha Chowdhri, ACCION International's Country Manager for India, presents his perspective on the chain of events that led to the current state in Karnataka, India in this post for the Center for Financial Inclusion
MicroEnsure wins the 2009 FT Sustainable Banking Award for Achievement in Basic Needs Financing, a category open to non-banking financial institutions. We congratulate the win as it should spur greater innovation in microinsurance. Now, if only we could solve the demand question.

