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How are these events linked?
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I'm not entirely sure.
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Sitting in the Brookings Papers meetings for all these years,
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I've learned how Bill Nordhaus is hard to satisfy.
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Sometimes people have t-statistics of three
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and Bill pronounces them to be quote-unquote Darwinian,
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reflecting the data mining of the author.
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On other occasions,
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they have only a few observations,
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in which case they're deemed
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to have committed one-observation econometrics.
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I'm going to commit about four-observation econometrics