🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

A number of people have explained why decompositions of inflation into "profit" and "wage" components don't tell us anything about the *cause* of inflation. I have tried to make the point for my students with the simplest possible toy model. Rudi Bachmann Chris Conlon

I taught a new undergraduate macroeconomics course LSE Department of Economics. Goals: 1. *Modern* macro = microfoundations rather than IS-LM 2. Simple enough that undergrads get it 3. But still end up somewhere reasonably close to research frontier All materials here benjaminmoll.com/lectures/

🚨New WP: "A comprehensive machine learning framework for dynamic portfolio choice with transaction costs"🚨HEC Lausanne | Department of Economics HEC Lausanne Enterprise for Society Center joint work with lucagaegauf (University of Zurich ), Fabio Trojani SFI Université de Genève Link here: papers.ssrn.com/sol3/papers.cf… Comments welcome!

Really enjoyed (remotely) following this conference. Below is my attempt to summarize the conference with one picture.

Recently accepted by #QJE, “New Pricing Models, Same Old Phillips Curves?” by Auclert (Adrien Auclert), Rigato, Rognlie, and Straub (Ludwig Straub): doi.org/10.1093/qje/qj…

Recordings of the econometric society summer school on „deep learning“ finally online: youtube.com/playlist?list=… Codes here: github.com/dseconf/DSE2023 Marlon Azinovic-Yang Fedor Iskhakov Bertel Schjerning John Stachurski QuantEcon HEC Lausanne | Department of Economics Econ-ARK Yucheng Yang dseconf

Meet our talented #JobMarket candidates who are ready to make significant contributions to academia, international organizations, and central banks, bringing a unique blend of skills and expertise cultivated during their time at European University Institute Discover more 👉shorturl.at/qNQV5

Job Market Candidate: Philipp Grübener Job Market Paper: "Firm Dynamics and Earnings Risk" Personal website 👉 loom.ly/a13qLtY #QuantitativeMacroeconomics #MacroLabor #MacroPublicFinance #JobMarket

@pgruebener is on the market this year! We all at Goethe-Universität will miss him dearly, but anyone who hires him will be very lucky to have him! Check out his incredible research portfolio here. 👇🏻

My fantastic coauthor @pgruebener is on the market this year! Check out his JMP on Firm Dynamics and Earnings Risk.

In this paper, we describe how macroeconomic models contribute to economic and monetary analysis at the European Central Bank, including their use to support economic projections and monetary policy preparations.

Macroeconomists, meet Hank: how new models are changing the discipline ift.tt/bZyGmBw

My latest column for the Financial Times is about a type of model that is infiltrating central banks around the world Researchers in the Fed, the ECB and the BoE are working to incorporate inequality into models of how the economy works Let me introduce you to HANK on.ft.com/3VWG8Bx

Will the digital euro increase financial instability? In a new paper, joint with Rhys Bidder and Tim, we examine the impact of CBDC on financial stability & the economy - drawing on novel survey evidence & a structural macroeconomic model with endogenous bank runs. Short🧵below

🧵In a speech at Stanford, Philip R. Lane reviewed the analytics of the monetary policy tightening cycle. To address the #inflation surge, the European Central Bank has phased out net asset purchases and hiked policy rates by 450 basis points since December 2021. Link: ecb.europa.eu/press/key/date…

With my colleagues at the BCL, we have just released a short paper on how to solve **economic models** using **deep learning techniques**: 👉bcl.lu/fr/Recherche/p… #EconTwitter

Based on various requests, you can find the lecture materials and codes for the mini-course on "Deep Learning for Solving Dynamic Stochastic Models" here: github.com/sischei/Deep_L… Hope some of you have fun with it! Marlon Azinovic-Yang

🚨How can we use machine learning techniques to solve and estimate HANK models?🚨 We updated our paper on estimating nonlinear HANK with neural networks. Now with a first set of example codes for our method! Check out github.com/tseep/estimati… Hanno Kase and Leonardo Melosi

Workshop on #AI + #Econ. Video available here 👇📺 m.youtube.com/watch?v=_PeQ8K… SUERF - The European Money and Finance Forum

Can artificial intelligence be used to solve and estimate HANK models? A neural-network-based approach to estimate a non-linear HANK model highlights the crucial interaction between aggregate and idiosyncratic risk bis.org/publ/work1241.…