On June 9, ISET hosted another session of its Research Seminar Series featuring Giorgi Nikolaishvili, Ph.D., Assistant Professor at Wake Forest University. During the seminar, he presented his research paper, “Scanning for Significance: False Discovery Control for Impulse Responses.”
Macroeconomists tracing how shocks ripple through the economy test hundreds of effects at once, and standard methods either flag too many false findings or are too strict to detect any. Giorgi and his coauthor introduce false discovery control into impulse response analysis—capping the share of reported effects that can be false—and show that it can rewrite the conclusions of well-known studies.
The presentation sparked an engaging discussion among faculty, researchers, and students on statistical inference in macroeconomics and the importance of robust methods for identifying economically meaningful effects.
