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Very much looking forward to this!

New paper with Ricardo Caballero & Tomas Caravello (Tomás Enrique Caravello) We show that financial noise -asset demand and supply- affects financial conditions AND macroeconomic activity We show a central bank that targets financial conditions can mitigate the macro effects noise 1/n

Time series variables with unit roots lead to Granger and Newbold’s spurious regressions. Are there analogous unit root processes for spatial variables and do they lead to spurious spatial regressions? Yes and yes econometricsociety.org/publications/e…

I’ve done a big update of my notes on computation for heterogeneous-agent macro. They start with the endogenous grid method and end with by solving a HANK model using sequence space Jacobians. Codes are in Julia. alisdairmckay.com/Notes/HetAgent…

Happy to see this out :) Also soon we'll be posting the first full version of our "HANK-meets-FTPL" follow-up, where we try to connect our results on the deficits-inflation link to the large FTPL literature.

Schulden machen, ohne später sparen zu müssen: Christian Wolf in Econométrica mit neuem Stoff für einen Menschheitstraum. Spoiler: Kein Freifahrtsschein für Christian Lindner zeitung.faz.net/fas/wirtschaft… Frankfurter Allgemeine

Recently accepted to REStud, ``Standard Errors for Calibrated Parameters," from Cocci Amazon Web Services and Plagborg-Møller Princeton Economics: restud.com/standard-error…

🚨Call for Papers🚨 Our next SED meeting will be held June 26-28, 2025, in Copenhagen! Submit your paper here: editorialexpress.com/conference/SED… before Feb 15 Julieta Caunedo and Kurt Mitman Program Chairs