This was great. Look at this difference!
21.03.2025 14:35
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This was great. Look at this difference!
An important channel for macro uncertainty is the interplay of financial & labor markets.
Uncertainty exerts downward pressure on asset values, discouraging vacancy posting and making it harder for workers to find jobs. Potentially inflationary.
"History will remember this day— when an American President and Vice President abandoned all we stand for."
Petr Sedlacek & Pontus Rendahl are running the "Tools for Macroeconomists" Summer School Course again in 2025!
The Essentials: August 4-8, 2025
Advanced Tools: August 11-15, 2025
Research workshop: August 16, 2025
Highly recommended!!
For more info: sites.google.com/view/toolsfo...
NYC 😍
It’s impossible not to know what’s happening in Gaza. Article by two prominent Israeli economists Motty Perry and Ariel Rubinstein www.haaretz.com/opinion/2024...
Great, topical paper by @cacilialipowski.bsky.social et al presented at German-Economists-Abroad2024:
👉 Innovative technologies spur acquisition of less routine, technology-complementing skills
👉Valuable addition to much research on task displacement
caecilial.github.io/ExpertiseAtW...
Recently accepted by #QJE, “The Global Race for Talent: Brain Drain, Knowledge Transfer, and Growth,” by Marta Prato: doi.org/10.1093/qje/...
Hi #econsky!
Macro at LSE is hiring pre docs for September 2025.
Come and work in the best city in the world, on cutting edge macro with me, Ethan Ilzetzki, Ricardo Reis, Matthias Doepke and Ben Moll.
jobs.lse.ac.uk/Vacancies/W/...
#econ_ra
Not a very encouraging picture painted in @cawley_john's post, further compounded by the data on EJM
💥New version of "Superstar Teams"
lukasbfreund.github.io/files/freund...
🚀 I am excited to be on the academic job market!
In my JMP, I study the distributional consequences of carbon taxes for rural and urban households.
For more information, check out the paper: lennardschlattmann.github.io/papers/schla...
and my website: lennardschlattmann.github.io
JMP thread 👇
Please help me spread the word about this amazing two-year pre-doc opportunity. Research with faculty is optional. Get paid to take classes that prepare you for PhD. Deadline 11/15: stern.nyu.edu/programs-adm...
We recently posted a new version of our paper
"Identifying Monetary Policy Shocks: A Natural
Language Approach" - with Boragan Aruoba
We use natural language processing techniques to identify monetary policy shocks!
Paper available here: econweb.umd.edu/~drechsel/pa...
Congrats, and welcome to NYC!
🙋♂️😀
Super interesting JMP by
@tbourany.bsky.social (@UChicago) studying the design of an "optimal climate club" in the presence of heterogeneous climate-change effects and free-riding incentives.
Colourful autumnal trees along a path in University Parks, Oxford UK.
Returned to my alma mater for the weekend. Little has changed since I started my graduate studies in 2016; it's still beautiful in the autumn, my favourite cafe is thriving, and social science students are debating "how the Democrats recover from this"
1/4 New micro-macro paper on MPCs, with Xavier Jaravel and @efize.bsky.social. We run an RCT to evaluate the consumption response to stimulus transfers, incl. a cash-like transfer and some more creative designs. It was expensive, but we think it was worth it ;) jmboehm.github.io/Helicopter.pdf
Important work from @annastansbury.bsky.social on lack of socioeconomic diversity in the Economics profession. Great to see this in print.
Freitag ist es so weit: 🏆Der Karl-Carstens-Preis für sicherheitspolitische Kommunikation geht an Dr. @rikefranke.bsky.social, Prof. Dr. @carlomasala1.bsky.social, PD @drfranksauer.bsky.social und @twiegold.bsky.social für ihren Podcast🎙️ @sicherheitspod.bsky.social.
www.baks.bund.de/de/aktuelles...
Sehr schönes Gespräch der Sternstunde Philosophie mit
Hanno Sauer, aber den Punkt, warum es für Geltungsdiskurse in der Ethik vorteilhaft ist, Genealogie zu kennen (über ein generisches “mehr Wissen ist immer gut”), habe ich noch nicht verstanden.
www.srf.ch/play/tv/ster...
Bewundere regelmäßig wie Barbara Bleisch der Spagat gelingt zwischen Vereinfachung für allgemeines Publikum und prägnanten Fragen
For the very little it's worth, so hatte ich diese Passage ebenfalls interpretiert. (Wobei diese Argumentation ja nur innerhalb einer anti-realist Perspektive überzeugend ist? Genealogie ist hilfreich weil sie über die Funktion und *daher* über die Rechtfertigung Auskunft gibt?)
@mickeygb.bsky.social is here -- give him a follow for all things networks, monetary and fiscal policy! #EconSky
Papers I could have never written but that formalise something I always wanted to understand. Today: short-termism. HT @lukasfreund.bsky.social www.econometricsociety.org/publications...
❓ What is the impact of "short-termism" for firms and the economy?
👉 Terry (2023, @ecmaEditors) argues that even though for *firms*, short-term profit pressures can improve value by restricting R&D, at the *aggregate* level, it tends to lower growth and social welfare.
#EconSky 📉📈
😮 #EconSky 📉📈
💡steps toward bridging Keynesian & search perspectives in "A Theory of Non-Coasean Labor Markets" (Blanco, Drenik, Moser, Zaratigui), which can speak to inefficient job separations; those shape the impact of monetary shocks & can be identified using standard microdata.
#EconSky 📉📈