MEBDI organizes events that promote research analyzing big data with the guidance of economic models and theory.
The first initiative undertaken by MEBDI is the development of an international database that will provide a wide range of research and policy relevant statistics on micro dynamics, covering workers, households, and firms, as well as the linkages between these different economic units. The project leaders are Fatih Guvenen of MEBDI and University of Minnesota, Luigi Pistaferri of Stanford and Gianluca Violante of Princeton.
The project is currently underway and currently includes 13 countries (with about 40 country team members), with a planned expansion to about 25 countries by 2021. Quantitative Economics will publish a special issue (the first for any Econometric Society journal) with articles covering the first set of countries.
On August 30-31, 2019, MEBDI co-organized the first conference for the project where country teams presented their preliminary results for their respective countries (Global Income Dynamics conference, as part of the Stanford SITE Workshop series, with SITE and Washington Center for Equitable Growth as other sponsors).