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Paper here: academic.oup.com/qje/article/13…

Judge rules that the President does not have authority to set tariffs:

A timely paper!

Congratulations to the The Bank of Korea for hosting the 20th edition its International Conference and many thanks for having me! Great conference and perfectly organized

Thank you to Francesco Bianchi and all participants for creating with us another great “Advances in Structural Shocks Identification" workshop at the Barcelona School of Economics Summer Forum. Great presentations, great interactions, and a friendly dinner!

🎯financial repression chart by Olivier Jeanne. When governments push the outside of the fiscal flight envelope, they lean on their domestic banks (central bank and private banks). Plot of share of debt held by central bank and domestic banks against debt to gdp ratio by

There is only one fail-safe method for the government to lower interest rates, says @allisonschrager: showing that it has a credible plan to reduce long-term debt bloomberg.com/opinion/articl…

On my way back from a great conference organized FLAR | Fondo Latinoamericano de Reservas. Great talks by Sebnem Kalemli-Ozcan Ricardo Reis Richard Baldwin José Luis Escrivá and insightful remarks and comments from Latin America central bankers. And being in beautiful Cartagena did not hurt! eventos.flar.net/annual-economi…

Thrilled to talk about emerging market monetary policies and financial stability at this great conference organized by FLAR | Fondo Latinoamericano de Reservas and hosted by Central Bank of Colombia: eventos.flar.net/annual-economi… Great talks from Richard Baldwin , Ricardo Reis , Francesco Bianchi , José Luis Escrivá .

When people tell me US exceptionalism is over, I show them this chart. The US massively outperforms the EU in terms of real per capita GDP growth. The reasons for that are deeply structural and haven't changed one bit. US exceptionalism - for growth at least - is here to stay...

Looking forward to SED Meeting kicking off tomorrow in Copenhagen! I'm on with the amazing Francesco Bianchi and Hanno Lustig in the monetary-fiscal interactions session — Thursday at 11am. Presenting new work with Morten O. Ravn on M-F interactions without Ricardian Equivalence 💸

Truly impressive

This is a very interesting take. And I am saying this with no disdain at all for those who choose a different career path. In fact, I admire a lot those who manage to succeed in the corporate sector.

Interesting review of Dalio's book: "With high long-term real interest rates likely to remain, US debt seems set to continue jumping from one plateau to another each time there is a crisis. To prepare for the worst, should budgets be balanced during high growth periods?"

In America young people, city-dwellers and holders of doctorates are among the most likely to see one group’s gain as another’s loss, writes Stefanie Stantcheva. In a guest essay the Harvard professor explains why economist.com/by-invitation/…

I could not be more proud! Domenico Giannone, the king of nowcasting and simply a superb econometrician, has just joined Johns Hopkins University as a Bloomberg Distinguished Professor. Welcome to JHU Domenico!

Thanks Domenico! Let me take this opportunity to thank Denis Wirtz and his BDP team, our Dean Christopher Celenza, Chair Santosa from AMS, and Vice Dean Yingyao Hu. Great joint effort!

Increasingly, debates in America are shaped by a mindset that sees the world as a fixed pie, whereby one group's gain is another's loss. Thank you to The Economist for the opportunity to write about our research on zero-sum thinking with Nathan Nunn Sandra.Sequeira & Sahil Chinoy

It was a great honor to present my paper with William Du, Xincheng Qiu and Adrian Monninger in the NBER summer institute’s behavioral macro meeting this year. In case you are interested, here is the recording of our presentation. youtu.be/k2qpxw9smdg?t=…