Staying abreast with statistics publications is no small feat, but I did put effort into scoping out what causality papers were coming out. The most recent Granger causality paper I came across was from 2013. During the time I did this research I came across a lot of scorn regarding Granger causality; here is just one of the examples:
My mom Granger causes my birthday every year by baking a birthday cake the night before the celebration
There was clearly a degree of mockery in many of such comments. It's hard it take the pulse of all econometricians on this issue, but it seems that with at least part of the community, Granger causality is falling out of favor.
Is Granger Causality still relevant? If not, is there a legitimate reason, or are the critics just being snobbish/pompous/? By relevant I mean is there actually a niche for it: the old "better than nothing causality" or has it been rendered obsolete by something else?
- Scope: econometrics (Granger himself asserted that Granger Causality applied in other fields is not advised)