New Paper Alert📢 "Taxing Wealth Unlocks Capital Gains: An Efficiency Rationale for Wealth Taxes " by @socampdi.bsky.social, Guttorm Schjelderup & Floris Zoutman Find out how wealth taxation can unlock capital, eliminating the distortion on investors’ portfolio choice!💰 🔗 www.ifo.de/en/cesifo/pu...

Can wealth taxes make capital markets more efficient❓ Realization-based capital-gains taxes can lock investors into low-return assets We show a properly designed wealth tax unlocks capital New paper w/Guttorm Schjelderup & Floris Zoutman @nhhecon.bsky.social @cesifo.org: ssrn.com/abstract=712...

How can we account for inequality when measuring economic mobility❓ Many mobility measures focus on rank changes across generations or time. But ranks only capture relative positions regardless of income/wealth differences. New paper w/ @mcgeeconomics.bsky.social: ifs.org.uk/publications...

Nice thread by my coauthor @socampdi.bsky.social on a short paper connecting mobility and inequality measurement

Sergio Ocampo@socampdi.bsky.social · 6mo ago

How can we account for inequality when measuring economic mobility❓ Many mobility measures focus on rank changes across generations or time. But ranks only capture relative positions regardless of income/wealth differences. New paper w/ @mcgeeconomics.bsky.social: ifs.org.uk/publications...

How can we account for inequality when measuring economic mobility❓ Many mobility measures focus on rank changes across generations or time. But ranks only capture relative positions regardless of income/wealth differences. New paper w/ @mcgeeconomics.bsky.social: ifs.org.uk/publications...

🚨We are Hiring at the University of Western Ontario🚨 We have 3️⃣ tenure-track positions: •2 Open-Field •1 linked to our Masters in Financial Economics (open to various fields) Come work with us in 🇨🇦! Share with your students! 📄 Open-Field uwo.ca/facultyrelat... 📄 MFE Position uwo.ca/facultyrelat...

We are hosting the Canadian Macroeconomics Study Group at @westernu.ca! This year's keynote is Kjetil Storesletten @hellerhurwicz.bsky.social Program 👉 baxter-robinson.github.io/CMSG2025_Pro... Registration is 100 CAD (70 for students!) 🔗https://economics.uwo.ca/about-us/workshops/index.html

New study compares economic experiences of China and Mexico after they opened to international trade and foreign investment by Xing Xu, PhD student at UMN Econ ‪ @umn-econ.bsky.social‬ and research analyst at Minneapolis Fed @minneapolisfed.bsky.social and me: www.minneapolisfed.org/research/sta...

Monetary policy shocks affect more cities with low income per capita, both in prices and income. Just Accepted new paper by Juan Herreño @juanherreno.bsky.social‬ and Mathieu Pedemonte @mathpedemonte.bsky.social‬ zurl.co/njzAc

Hello #econtwitter community: if any of you has been teaching any of my papers, would you mind shooting me a DM? I would hugely appreciate that 🙏 and thanks in advance!

Tomorrow I will be finishing a 321 mile bike ride from Cleveland to Cincinnati to raise money for Gigi's Playhouse Cleveland in memory of my Aunt, Amy Jo Smith. Amy died in March and Gigi’s Playhouse was her second home since they moved in nearby. support.gigisplayhouse.org/gigifit-acce...

Next week I will be biking 321 miles from Cleveland to Cincinnati in memory of my Aunt Amy Jo. I am raising money for a nonprofit that supports people with Down Syndrome that was incredibly helpful to my Aunt. support.gigisplayhouse.org/gigifit-acce...

GiGiFIT Acceptance Challenge 2025 - 321, Go for Amy Jo: Ride Across Ohio for Acceptance

This July I am riding 321 miles from Cleveland to Cincinnati with 2 other people to raise money for Gigi's Playhouse Cleveland in memory of my Aunt, Amy Jo Smith. Biking and Amy: Two of Amy's great...

support.gigisplayhouse.org

Next was a pair of talks by Hugo Lhuillier (local root of wage inequality) and @socampdi.bsky.social (modeling wealth inequality) at @nber.org www.youtube.com/live/AUIIyL-... (3/6)

Inequality and Macroeconomics

YouTube video by NBER

youtube.com

Former graduate student Carlos Rondon Moreno and our colleague Christiane Baumeister catching up at a Central Bank of Chile conference:

“Artificial Intelligence and Learning the Macroeconomy: Workshop in Honor of Albert Marcet,” BSE Summer Forum, 19-20 June 2025.

Welcome, @umn-econ.bsky.social! Great to have you posting on here. #EconSky

Copenhagen is expected to receive 30% more rainfall by the end of the century. The city is responding with a massive long-term adaptation plan. https://n.pr/4dYZOvs

Copenhagen is adapting to a warmer world with rain tunnels and 'sponge parks'

Copenhagen is expected to receive 30% more rainfall by the end of the century. The city is responding with a massive long-term adaptation plan.

n.pr

Professor VV Chari in the @startribune.com on the legislation that recently passed the U.S. House: “We’re now out of the pandemic. This is a time for us to pursue perhaps a more responsible fiscal policy, but we seem to be going in exactly the wrong direction.” www.startribune.com/the-fiscal-i...

The fiscal impact of the bill will be big, but it won’t be beautiful

Trillions estimated to be added to a federal debt that’s already unsustainable.

startribune.com

Re-upping my advice about how to write a good title and abstract for an academic paper, appropriately called: "How to Write a Title and Abstract" Feel free to share this thread, which will focus on titles. #EconSky #AcademicSky

Not true. I see you're a luxury watch dealer. I'm also interested in watches. Let me show you how free and easy migration has allowed you to earn a living. 🧵

This is incredible

from me!

Vulture@vulture.com · last yr.

‘Andor’ star Diego Luna refuses to take credit for reshaping ‘Star Wars.’ His colleagues beg to differ.

Forthcoming in AEJ: Applied Economics: "Rising Concentration of Household Shopping, Superstar Firms, and Implications for Retail Markups" by Justin H. Leung and Zhonglin Li. www.aeaweb.org/articles?id=...

Rising Concentration of Household Shopping, Superstar Firms, and Implications for Retail Markups

(Forthcoming Article) - This paper documents an increase in concentration of household shopping in the US retail sector from 2004-2019. Despite a growing number of stores, households visit fewer store...

aeaweb.org

We are hiring! We are seeking expressions of interest for appointment as Full Professor in the Department of Economics at Monash University. DM me if you have questions. econjobmarket.org/positions/11...

We are opening three full professor positions in beautiful Innsbruck!

Achim Zeileis@zeileis.org · last yr.

📢 Come work with us! 🏛️ Faculty of Economics & Statistics, UIBK @econstatuibk.bsky.social‬ @uniinnsbruck.bsky.social‬ ‼️ Three job openings for Full Professor positions - Data Science - Microeconomics - Behavioral Economics Please share! #datascience #economics www.uibk.ac.at/de/info-beru...

Checkout @1954swilliamson.bsky.social analysis of *stablecoins* and the implications of the GENIUS act. Steve provides a straightforward understanding of the main issues👇

Stephen Williamson@1954swilliamson.bsky.social · last yr.

1/Krugman's piece is a useful summary of the implications of the GENIUS Act, which sets up a legal framework for stablecoins. To add to this, a stablecoin is basically a bank. Like all banks, it holds assets, and issues liabilities intended to ... paulkrugman.substack.com/p/digital-co...

1/Krugman's piece is a useful summary of the implications of the GENIUS Act, which sets up a legal framework for stablecoins. To add to this, a stablecoin is basically a bank. Like all banks, it holds assets, and issues liabilities intended to ... paulkrugman.substack.com/p/digital-co...

Digital Corruption Takes Over DC

Time to call crypto what it is: A criminal enterprise

paulkrugman.substack.com

The tragic landslide in Blatten gives me the excuse to tell you the story of how we found out Ice Ages existed. It's a cool story and the most important bit is rather similar to what's happening now.

Melaine Le Roy@subfossilguy.bsky.social · last yr.

Aerial view westward over the Blatten deposit and the newly formed lake upstream! 🧊🌊 📷Via Christian Petit/Linkedin

An emerging narrative on the right is that international students take seats away from deserving domestic students - a zero sum thinking about what universities do and their function 1/

In the most recent issue of @restatjournal.bsky.social (direct.mit.edu/rest/article...), we (Kaspar Wuthrich and @karthik-econ.bsky.social) provide guidance on how to analyze and design experiments with factorial designs (or cross-cuts). A 🧵 below: