This paper looks very interesting : Estimates effects of minimum wage in US establishment- level data on retail and manufacturing firms Looking not just at employment but many firm level outcomes & estimating degree of monopsonistic competition implied

🥁🥁Vox column alert 🥁🥁 on why the gender convergence matters for growth, productivity and employment with Drago Bergholt and Luca Fosso. cepr.org/voxeu/columns/… Since I had the genius idea of posting it on Thanksgiving day, here you have again a short 🧵:

NEW in JPE: "Heterogeneity and Aggregate Fluctuations" By Minsu Chang, Xiaohong Chen, & Frank Schorfheide: economics.yale.edu/research/cfp-1…

🚨 New Paper and Public Good🚨 "The Global Macro Database: A New International Macroeconomic Dataset", joint with Chenzi Xu, Mohammed Lehbib, and Ziliang Chen. We built the most comprehensive macro database ever—covering 243 countries from 1086-today, integrating 110 sources. 🧵

Men’s hours have always recovered slowly after recessions. But women did not see hours decline until growth in female LFP stopped in 1990s. Since then, women's hours decline in recessions too, explaining "jobless recoveries." Read Albanesi's new paper: bit.ly/3Cd8MXH

Looking forward to some great Macro fun in Rome 😊

Really nice paper alert!

Deep learning (DL) is proving remarkably effective at solving dynamic models in economics: 📄 nber.org/papers/w33117 Curiously, DL often yields stable solutions without explicitly imposing boundary conditions (e.g., transversality). Why does this work? A short thread 🧵👇 1/7

I'm really excited that this paper, coauthored with Christian Stoltenberg and Swapnil Singh (Swapnil Singh), is coming out in the Journal of Monetary Economics. I think we've got a pretty neat result, which I would like to try to explain.

Great to have Persistdebt (José-Luis Peydró) as a new colleague!

Using frailty as the measure of health, a new paper by Roozbeh Hosseini, Karen Kopecky and Zhao, recently accepted to #REStud, finds that health inequality accounts for 28 percent of lifetime earnings inequality. restud.com/how-important-… #EconSky #health #frailty #disability

Thank you EIEF - Einaudi Institute for Economics and Finance and Pizzanomics for a great month in Rome. Hope to be back soon!

Back at it for Day 2! 🏠 Dajana Xhani on household reliefs and macro effects 👫 Sara Casella on within-household risk-sharing 📉 Francesco Turino on entrepreneurial human capital & firm informality

How costly are poorly written laws? A team of Italian researchers argue that the drafting of Italy’s laws alone costs them 5% of GDP — or $120 billion a year! 1/

🚨 I’m extremely happy to announce that the new Master of Applied Economics and Data Science (MEDS) at Penn Economics Department is now accepting applicants for entry in August 2026: 🔗 lps.upenn.edu/degree-program… MEDS is a program that Frank Schorfheide (as chair) and I (as DGS) helped

✅ luiss.edu/call-expressio…

The Veneto Workers Histories (1975–2001) is probably the easiest-to-access population-level employer–employee dataset there is. I’ve put together a page with practical user tips beyond the sparse official docs. 1/3 🧵

📢#CallForPapers - 24th Workshop on Macroeconomic Dynamics: Theory and Applications Deadline: 31 October 2025 CEPR and Luiss Guido Carli invite submissions on dynamic macroeconomics, both theoretical and applied. ow.ly/z9sP50Xe8kN

On this note, the fantastic inaugural cohort of the Rome Economics Doctorate (RED) are going on the job market this year. 🎓 RED: a joint venture between EIEF - Einaudi Institute for Economics and Finance , DEF Tor Vergata, Luiss Guido Carli , and Sapienza Università di Roma

People w/PhDs are more likely to be inventors. But do PhDs-->innovation or is it all selection? My brilliant student Manfredi Aliberti finds answer is YES using possibly the best setting : Italy in the 1980s. Read his JMP (and interview him!) to know more tinyurl.com/432sw6cz