🧵: What does monetary policy do? Our best evidence comes from quality empirical monetary policy shocks (EMPS) using high-frequency and narrative methods. … but what *are* these shocks?

a cartoon dog in a pink suit and bow tie says let 's find out

ALT: a cartoon dog in a pink suit and bow tie says let 's find out

media.tenor.com

Forthcoming at the Journal of Political Economy: We find that consumer product markups increased more than 25 percent from 2006 to 2019. One contribution is an approach to estimate IO-style models at scale, yielding flexible consumer preferences and estimates of marginal costs.

A new paper from the Journal of Political Economy investigates how PhD program ranking, department status, and other author connections impact peer review decisions. Read the full findings here: ow.ly/sfLx50UiGII #EconSky

Macroeconomists of #econsky what are some published examples of macro models featuring all of: 1. Information frictions 2. Endogenous signals (i.e. some signals contain information about equilibrium aggregates) 3. **All** signals include idiosyncratic shocks (e.g. noise) Any ideas?

Some of the most important lottery anomalies from the behavioral risk literature (e.g., probability weighting and loss aversion) actually have nothing to do with risk. They also arise in perfectly deterministic settings. Lead article in the latest AER issue: www.aeaweb.org/articles?id=...

AI pricing is on the rise! Every year, more firms use the technology (broadly defined); those that do are larger and earn higher markups.

Min Fang@minfang92.bsky.social · 2y ago

First Post! New Paper Alert: "The Rise of AI Pricing: Trends, Driving Forces, and Implications for Firm Performance." (ssrn.com/abstract=500...) with @jonathanjadams.com, Zheng Liu, and Yajie Wang. We are excited to share it with anyone jointly interested in AI and pricing! #EconSky

I put together a starter pack of all the academic macroeconomists I could find on the platform. It's short. Please message me if you would like to be added. go.bsky.app/RYnjd8k #econsky etc.

Here's what I would love to see from a PDF reader: If I search (CRTL-F) some LaTeX math code, such as "\Phi", the reader would find all the Greek Phi's. Does such a thing exist??

Hurricane Helene's death toll (now at 189) ranks behind only Katrina (2005) and Camille (1969). It's true toll will take years to unfold www.scientificamerican.com/article/hurr...