Thrilled to see our research featured in @voxdev.bsky.social 👇
20.01.2026 22:08
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Thrilled to see our research featured in @voxdev.bsky.social 👇
You mention that “this book is aimed at an upper-level undergraduate or graduate economics or management student.” This is great, and I will consider it for MBA students. I am also wondering which sources you recommend for the first or second-year undergrad students. Thanks 🙏
Check out our new data visualization platform to explore local economic conditions and policies targeting place in the US: "The Economy in Place." economyinplace.com
While unemployment rate dropped to 6.5% in November (down from 6.9% in October), a closer look shows that the net employment gain was entirely driven by part-time employment. Full-time employment actually fell by 9,400. The foundation looks weaker than the headline suggests.
#CdnEcon #EconSky
Today’s Q3 GDP came in at 0.6%, but the foundation is weak.
The breakdown shows that in 2024 growth was broad-based.
Now the orange line tells a different story: fewer industries are contributing. The headline is rising, but the growth isn’t widely shared — and that’s concerning.
#CdnEcon #EconSky
Proud to see our new paper shared by the journal! Many thanks to my co-author, Scott. Using a rich dataset, we estimate productivity at the firm-product level. A method we hope can be used by other researchers as more detailed datasets become available.
#EconSky #Productivity #Trade
Other countries have agency & domestic politics, too 🇨🇦
Not sure how many people realize that battery storage already supplies 30% of California’s electricity demand at peak.
Batteries aren’t the future — they’re here now.
Cansim v0.4.2 is now on CRAN. It comes with a significant update on how to access data by coordinate with an eye to greatly simplify partial table download.
It comes with a new function to create "table templates" as an easy way to filter for variables of interest and then download just that subset.
Fixed-effects estimators, pretty much like the part of the econometrician's toolbox developed before 1970s, originated in agricultural econ: a nice history of Yair Mundlak's (theoretical and applied) contributions by M. Bellemare & @dlmillimet.bsky.social
pubs.aeaweb.org/doi/pdfplus/...
#econsky
Great thread!
There's a big difference between trade deals and trade agreements. Trade deals are limited, short term, and often superficial (remember IPEF?). Trade agreements are comprehensive, long term, substantive, and require Congressional approval. US isn't doing the latter.
Excellent thread and podcast about the challenges to Britain's free trade policy in 1903....
Would be funny if it weren't so pathetic: tariff pause came when Navarro stepped out for a short meeting and Bessent/Lutnick talked trump into pausing and tweeting it immediately. Yes, Sen Murkowski, "We are all afraid".
www.wsj.com/politics/pol...
kylebutts.com/blog/2025-04...
A short blog post for efficient stats coding. All about the importance of dimensionality when doing matrix operations ft. 100x speed-up of my code
This should be legal across every neighbourhood in expensive cities like Vancouver and Toronto. Not just near transit.
If Canada's going to reach goals like doubling homebuilding rates or building 3 million homes by 2030, cities can't continue to ban apartments like these on most of the land.
After being an editor for 6.5 years (4 REStud; 2.5 JEEA), I have accumulated a few suggestions that can help you avoid unnecessary rejections.
This, from my colleague
Brent Neiman says it all.
Trump admin used the results from his paper to justify tariff rates. Except they used the completely wrong number.
Staggering 🤯
www.nytimes.com/2025/04/07/o...
This is remarkably close to what we had six days ago. The average tariff rate of most European nations was about 1%.
TIL how to download census data (www2.census.gov) super simply.
Finder: Go > Connect to Server > ftp://ftp2.census.gov/. Login as guest and 🤯
I'm seeing a huge spike in interest in tariffs from people who normally don't work in the economics of international trade. Here are a few useful things to know about them. (1/14)
Has eliminating the federal retail carbon tax lowered gasoline prices? Yes.
With two days of data now, here's my estimate of the effect. Drop appears to fully reflect the tax change. (Note: no change CTax in QC, so that's a nice comparator.) #cdnecon #cdnpoli
When whites and minorities drive at identical speeds (according to objectively measured data from Lyft) Florida police are 24-33% more likely to issue speeding citations to minority drivers and charge them 23-34% greater fines.
These are not small effects!
Today the BC carbon tax has been removed. It's unfortunate that a simple climate policy had become so politicized.
Talk about ironic timing: our paper on the CO2 response to carbon pricing just came out in the April issue of Energy Economics. Hot off the press, cold in the policy grave. #Econsky
Under a reciprocal tariff system, instead of a universal one, Trump “might very well create a system where tariffs are lowered, not raised,” said Stephen Moore, a first-term Trump senior economic adviser and tariff skeptic.
Just switched. Estimated to save a couple hundred a year (I have a heat pump and EV) www.cbc.ca/news/canada/... #bcpoli
Started, Going.
The spring Econ 101 course gets more exciting every day.
Chart of U.S. Corporate Profits in the Past 20 Years
This chart shows corporate profits over the last 20 years, raising the question: Are rising prices mainly due to inflation, or are corporations increasing prices beyond inflation? #econsky
On Saturday, batteries set a new record in ERCOT, supplying 9% of power on an evening w/ high thermal outages & low wind. Prices spiked to near the max for 5 minutes, 4,300 megawatts of storage surged onto the grid (and demand went down ~2,000 MW) & things went back to normal. (h/t @gridstatus.io
Interesting observation. Do you have any idea why?
Some of our instructors tried using images of questions instead of text for their online quizzes to prevent the use of ChatGPT. That strategy is no longer effective 🤷♂️