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...

Tools for macro

Background

sites.google.com

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...

It's impossible not to know what's going on in Gaza | Opinion

***

haaretz.com

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/...

The Global Race for Talent: Brain Drain, Knowledge Transfer, and Growth*

Abstract. How does inventors’ migration affect international talent allocation, knowledge diffusion, and productivity growth? To answer this question, I bu

doi.org

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

John Cawley@johncawley.bsky.social · 2y ago

From our AEA cttee on the job market, here's the December update on the status of the job mkt for PhD economists of the 2024-25 cycle. A thread with graphs follows... #EconJobMarket #EconSky @aeainformation.bsky.social @aeacswep.bsky.social @joelistings.bsky.social 1/9

💥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...

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.

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.

Anna Stansbury@annastansbury.bsky.social · 3y ago

"The Economics Profession's Socioeconomic Diversity Problem" w/ Robert Schultz is now out in the JEP Here's the paper: pubs.aeaweb.org/doi/pdfplus/... and the Twitter thread from Mar 2022 (aka before I was on Bsky - sorry!) twitter.com/annastansbur...

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...

Karl-Carstens-Preis an Sicherheitshalber-Podcast

Der Karl-Carstens-Preis für sicherheitspolitische Kommunikation 2023 geht an Dr. Ulrike Franke, Prof. Dr. Carlo Masala, PD Dr. Frank Sauer und Thomas Wiegold als gemeinsame Hosts des Podcasts

baks.bund.de

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...

Sternstunde Philosophie - Sind wir zu moralisch, Hanno Sauer? - Play SRF

Hanno Sauer, Philosophieprofessor in Utrecht, sorgt mit seinem Buch «Moral. Die Erfindung von Gut und Böse» gerade für Furore. Vielleicht, weil das Thema so polarisiert? Barbara Bleisch fragt den ...

srf.ch

@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 📉📈

💡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 📉📈

Great quote by Koopmans on tractability traps in economics (or trampolines?) I wish I had remembered it earlier "Tools...may even come to dominate an entire period or school of thought. Our servants may thus become our guides, for better or for worse, depending on the accidents of the case"

#EconSky, what are your favourite examples of papers using micro-econometric methods to answer macro questions? (I would like to include more such papers as examples in the first-year econometrics course of our PhD sequence.)

I compiled this list here a while ago for my own PhD teaching benjaminmoll.com/micro_to_mac...

Super interesting paper by M Morazzoni (UCL), using a rich combination of micro data and theory to demonstrate how student loans interact with entrepreneurial dynamics & exploring policy implications. #EconSky 📉📈 🔗https://drive.google.com/file/d/1yplMDXtuomk_OLTABXiUx1ex3sMIpJ7C/view