Kurt MIT-shock-man
@sorrytobekurt.bsky.social
Prof cemfi. Former Editor Restud. Macro, food, coffee and cocktails. 🌈🇩🇪🇸🇪🇺🇸
Excited for this fall in Stockholm at @iies.su.se Four amazing new hires: @harmenberg.bsky.social @rhelensdotter.bsky.social Caterina Vieria and Hugo Reichardt And @rustamjamilov.bsky.social coming to CeMoF (joint IIES/SU/SBS center on MP and Fin Stability) for a year.
So, it turns out this paper @sorrytobekurt.bsky.social, Tobias Broer and I wrote, which was recently published in the IMF ER is somewhat topical this weekend: Oil shocks hurt workers at the bottom of the income distribution most; through lower employment, but also lower earnings for the employed.
The Distributional Effects of Oil Shocks
link.springer.com
When oil prices spike, inequality rises. Recent research by @sorrytobekurt.bsky.social & co-authors shows oil shocks hurt low-income workers the most, lowering earnings growth & job prospects while high-income workers are largely unaffected. Read more: bit.ly/4rRXNHw
Any Econ PhD students at Harvard (or elsewhere in the U.S.) worried about visa status, the @iies.su.se has openings for PhD students who have completed their coursework and are at the dissertation stage, starting in the fall. Apply here: www.su.se/institute-fo...
Work with us - Institute for International Economic Studies
Are you interested in applying for a job at Stockholm University?
su.se
We started a project with Marcus and Anton Nakov a few months ago, and have had some extremely thought-stimulating calls. Perhaps the most vivid memory is from a call on Dec 24th, when after an almost 3-h brainstorm we got the code to run. We called it a Christmas miracle! RIP Marcus
Kurt MIT-shock-man@sorrytobekurt.bsky.social · last yr.With great sadness, I announce the passing of my co-author and friend, Marcus Hagedorn. His acerbic wit was as sharp as the vision of Toni Kroos. He attacked big research questions like he tackled the mountains of Mallorca on his bike. He will be missed.
Very sad news...the days that Marcus brought German intensity (and commentary) to the foosball table in McNeil seem only yesterday. My thoughts are with his family & friends. Rest in peace, Marcus.
With great sadness, I announce the passing of my co-author and friend, Marcus Hagedorn. His acerbic wit was as sharp as the vision of Toni Kroos. He attacked big research questions like he tackled the mountains of Mallorca on his bike. He will be missed.
🚨 SED PROGRAM IS OUT 🚨 See you all in Copenhagen editorialexpress.com/conference/S...
Society for Economic Dynamics Annual Meeting
editorialexpress.com
Come work with me on a cool project using administrative data! Position can be remote, but needs to be in the EU for data access reasons. Mostly working with Swedish data, so knowledge of a Scandinavian language is strongly preferred.
CEMFI@cemfi.es · last yr.CEMFI is inviting applications for one position of Research Assistant (Pre-doc) www.cemfi.es/all_news_blo...
CEMFI is inviting applications for one position of Research Assistant (Pre-doc) www.cemfi.es/all_news_blo...
Reminder - submission deadline on Monday for the 17th annual Normac conference. Don't forget to submit! Email submissions to: normac.conference@gmail.com
Kurt MIT-shock-man@sorrytobekurt.bsky.social · last yr.🚨 Call for Papers 🚨 Now accepting submissions for the 17th Annual Normac conference Keynote @aauclert.bsky.social Juniors in macro apply! A connection to the Nordics a + but not required. Send papers or abstracts to: normac.conference@gmail.com by April 7, 2025 www.dropbox.com/scl/fi/z6nly...
🚨 Call for Papers 🚨 Now accepting submissions for the 17th Annual Normac conference Keynote @aauclert.bsky.social Juniors in macro apply! A connection to the Nordics a + but not required. Send papers or abstracts to: normac.conference@gmail.com by April 7, 2025 www.dropbox.com/scl/fi/z6nly...
According to Marianne Bertrand and Emir Kamenica, I have the quintessential masculine name
Had a great visit today to UAM. Thanks for the invitation and great seminar environment!
Eugenio Zucchelli@ezucchelli.bsky.social · 2y agoIt was great hosting @sorrytobekurt.bsky.social and learning about his latest research on how monetary policy redistributes - another full house at UAM! #UAMResearchSeminars #Madrid
New Paper! This time with a thread. What determines the output effect of different fiscal stimulus policies? We offer a model, some analytical insights, and some numbers to help answer this. Joint with Tobias Broer, @jeppedruedahl.bsky.social and @harmenberg.bsky.social cepr.org/publications...
DP19823 Stimulus Effects of Common Fiscal Policies
We study the output responses to common fiscal policies in a macroeconomic framework with a frictional labor market, incomplete asset market and nominal rigidities. The frame- work admits data-consistent dynamics of hiring and firing and consumption responses to job loss, making it suitable for comparing the stabilizing effects of several household transfer policies and firm subsidies. Despite its richness, the model’s sequence-space representation is analytically tractable as a directed cycle graph between three blocks. This allows an “information-poor” ranking of fiscal multipliers on the basis of their partial-equilibrium fiscal costs alone, and identifies their key determinants. A baseline calibration predicts large differences in fiscal multipliers across policies. Relative to an increase in government consumption, the efficacy of universal or conditional transfers to households hinges on the degree of partial consumption insurance (through marginal propensities to consume and the response of precautionary savings). The relative efficacy of firm transfers depends on the elasticities of vacancies and separations to job values, the marginal propensity to consume out of dividend income, and the degree of nominal frictions.
cepr.org
A line that I’ve been pushing for quite some time
C. Kirabo Jackson @kirabojackson.bsky.social · 2y agoAs I am now handling papers at AEJ:Policy again, I want to encourage authors of papers that identify partial equilibrium effects to consider (in a rigorous manner) how they relate to policy effects or general equilibrium effects.
The family is in surplus of some United upgrades that expire January 31. If you’re flying on United (paid ticket) before January 31, 2025 DM me and we’ll see if we can get you upgraded. @alempeter.bsky.social
Thanks to all our reviewers and to my co-editors for their very hard work and tight turnaround at the QJE @qjeharvard.bsky.social
The Quarterly Journal of Economics@qjeharvard.bsky.social · 2y agoThe #QJE received 1,972 new submissions during 2023:Q4 – 2024:Q3. 1,340 (68%) submissions were desk rejected and 632 were sent to referees. If sent to referees, median days to first decision = 34, mean days = 38, max days = 92. Thank you for your submissions, and to our referees!
Very excited for our great keynote speakers at the SED Annual Meeting 2025 in Copenhagen: Francisco (Paco!) Buera Ariel Burstein Aysegul Sahin More details and link to submit here: economicdynamics.org#anual-meeting
Society for Economic Dynamics – Society For Eonomic Dynamics
economicdynamics.org
🚨Call for Papers🚨 The next SED meeting will be held June 26-28, 2025, in Copenhagen! Submit your paper here: editorialexpress.com/cgi-bin/conf... before Feb 15 Julieta Caunedo and I are the Program Chairs
editorialexpress.com
Excited for a great lineup of speakers at the Annual Macroeconomics and Growth Annual Meeting at CEMFI madmac.cemfi.es/download/cep...
Happy 100th Republic Day to Turkey 🇹🇷 I was there for the 90th ten years ago. The fireworks over the Bosphorus were probably the most spectacular I’ve ever seen. Probably even better tonight for the 100th!
