🔥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

New CEPR Discussion Paper - DP19829 Distributional Dynamics Christian Bayer Christian Bayer Rheinische Friedrich-Wilhelms-Universität Bonn, Moritz Kuhn Moritz Kuhn Department of Economics, University of Mannheim, Luis Calderon Rheinische Friedrich-Wilhelms-Universität Bonn ow.ly/jS1J50UApPk #CEPR_MEF #CEPR_MG

Theory suggests that an individual’s choice is proportional to their (Bonacich) centrality but experiments in a NEW JI WP by Sanjeev Goyal et al. find that while choices increase with centrality, the relationship is weaker than predicted. janeway.econ.cam.ac.uk/publication/be… #econtwitter

🧵 (1/14) My paper "Product Differentiation and Oligopoly: a Network Approach" is finally forthcoming. Let me summarize it for you in this thread. #EconTwitter #IOEcon #Competition #Economics #Antitrust #Macroeconomics #Finance

1/🚨New chapter in Handbook of Regional & Urban Econ: Spatial Environmental Economics 🌍 How do spatial forces affect the enviro? How does enviro shape spatial outcomes? Thread, chapter explore nascent subfield via stylized acts, models, research guide. w Clare Balboni.

1/ 📢 New paper alert! 📄 Together with Vitalii Tubdenov, we propose a measure of the "Average Period of Production" (APP) to capture the temporal dimension of production processes. It is inspired by Böhm-Bawerk’s capital theory.

Did you know that variables typically regarded as "slow moving", such as consumption and output, respond significantly within days & weeks to monetary policy shocks? ➡️NEW JI WP by Vasco M. Carvalho CamEcon et al: 'The Short Lags of Monetary Policy'. bit.ly/3EM0BSS

Only a few days left! Submit by Feb 28th to the BSE Macro Fluctuations with Micro Frictions Workshop! bse.eu/summer-forum

Re Olivier's Olivier Blanchard great contribution to macro, beyond Blanchard Kiyotaki: Blanchard Kahn Blanchard--Yaari Blanchard Quah Blanchard Perotti Blanchard Summers Blanchard Watson Blanchard Giavazzi Blanchard Fisher (a "Bible") I rest my case.

``Many networks naturally form as people come together to form subgraphs, e.g. as coauthors of a paper, or other teams. This is the basis for a new, computationally tractable method of estimating network formation." From Chandrasekhar & Matthew Jackson: restud.com/a-network-form…

More diverse cities (in terms of sectoral and occupational composition) are also more resilient. We propose a new theoretical framework to quantify the "insurance value" of economic diversity.

How quickly will workers adapt to AI-driven changes? New blog post: 𝐒𝐤𝐢𝐥𝐥 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜𝐢𝐭𝐲 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐏𝐚𝐜𝐞 𝐨𝐟 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐂𝐡𝐚𝐧𝐠𝐞: 𝐋𝐞𝐬𝐬𝐨𝐧𝐬 𝐟𝐫𝐨𝐦 𝐇𝐢𝐬𝐭𝐨𝐫𝐲 by Nitya Pandalai-Nayar, Martin Beraja & Adao Link: sites.utexas.edu/macro/2025/03/…

Surveying the literature that links macroeconomics and climate change through: loss and damage, mitigation and the energy transition, and adaptation, from Adrien Bilal and James H. Stock nber.org/papers/w33567

London Firm Dynamics & Productivity Workshop Call for Papers: Deadline: 14 April Date: 29 May Location: London drive.google.com/file/d/1Q8jHvS… #econtwitter Economics Conferences Royal Economic Society

📣Did you know that around 30% of trade is handled by intermediaries since smaller firms can't export on their own? How does this affect the consequences of trade liberalisation? Read the NEW WP by Megan Haasbroek CamEcon bit.ly/4lzqhmL #econtwitter Meredith A. Crowley

Vasco M. Carvalho CamEcon has been included in Project Syndicate’s Forward Thinkers list, launched to mark their 30th anniversary & highlight 30 global voices shaping the future of public debate. Explore the full list & learn about their work here: forwardthinkers1.project-syndicate.org. #PS30

Announcing the 4th edition of our workshop, "Firm Heterogeneity and Macro," Dec 11/12, Bonn University. Keynotes by Ellen McGrattan University of Minnesota and Vasco Carvalho Cambridge Economics Submit by July 15th, and please share! More info below #EconTwitter European Research Council (ERC)

First eigenpope

Back from a fantastic EALE Tour in University of Copenhagen Research, IZA World of Labor and UPF Barcelona! Inspiring talks and discussions, and so so much fun with the best tourists Leonard Bocquet and Carmen Villa! Forever grateful to EALE and local organizers for making it so special!

Thanks so much EALE for this unforgettable week. All the more special to share it with and learn from talented Federica Meluzzi and Leonard Bocquet. Hoping there will be. more editions to come for future generations.

New Robert Barro paper revisits general-disequilibrium framework (Barro and Grossman 1971) where stop-outs/rationing partly determines macro variables. It lost out to rational expectations revolution in 1970s. Barro believes we should revisit such models🧵nber.org/papers/w33850