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Great column by Stephen Bush ft.com/content/eb22db…

🚨 Call for papers 🚨 Cowles Summer Conference in Macroeconomics, organized by Jon Steinsson and me. The conference will take place Yale University, June 6-7, 2024. The topic is “Applied and Empirical Macroeconomics.” Send us your best work by March 29: cowles.yale.edu/conferences/fo…

Congratulations to Philipp Strack of Yale University University, winner of the 2024 John Bates Clark Medal! aeaweb.org/about-aea/hono…

Studying how measured beliefs can be used to identify monetary non-neutrality, from @hafrouzi, Joel Flynn, and @ChoongYang nber.org/papers/w32541

Studying how bounded rationality evolves with the macroeconomy finds empirically that firms make more mistakes during booms, leading to fast crashes and slow recoveries, from Joel Flynn and Karthik Sastry nber.org/papers/w32553

Developing a framework to theoretically, empirically, and quantitatively study how narratives affect the economy and find that contagious optimism explains 1/5th of GDP fluctuations, from Joel Flynn and Karthik Sastry nber.org/papers/w32602

Looking forward to presenting a new WP at "Impulse and Propagation Mechanisms” session of the 2024 NBER SI (Wed 7/10 12pm): Nonlinear Cost-Price Dynamics: Micro Evidence and Macro Implications joint with Mark Gertler, Simone Lenzu, and Joris Tielens. NBER NYU Economics Department 1/14

Very excited that VoxEU gave Karthik and me the opportunity to write a non-technical summary of our work exploring how narratives drive (and are driven by) business cycles. See below and find the full paper here: joelflynn.com/wp-content/upl…

I’m excited to present our paper “What can measured beliefs tell us monetary non-neutrality?” with @hafrouzi and Joel Flynn at this great conference at the ECB on Tuesday morning! Looking forward to interacting with many leading scholars in this field!

We’re excited to introduce the Yale University Department of Economics 2024-25 Job Market Candidates! Learn more about the candidates and their research here: economics.yale.edu/phd-program/pl…

New paper, with Joel Flynn, Jacob Moscona and Mai Wo: "Foreign Political Risk and Technological Change" We show that the threat of future import disruptions induced by foreign political risk is a significant catalyst for domestic innovation.

The much improved draft of "Estimating the Elasticity of Intertemporal Substitution using Dividend Tax News" is now available online. Link: users.ox.ac.uk/~econ0628/EIS.…

When optimization is costly, people may rely on simple solutions in quick-fixes. Designing a novel survey to uncover households' quick-fixes and quantifying the macro implications, from Peter Andre, Joel Flynn, Georgios Nikolakoudis, and Karthik Sastry nber.org/papers/w33464

In 2024, we welcomed over 350 economists to Yale University for our flagship Summer Conferences. Submissions are now open for the 2025 conferences, June 2-6! Submit your papers here: cowles.yale.edu/conferences/fo…

Fernando Alvarez and I are organizing this summer's Cowles Macro conference on "Monetary Economics and Business Cycles" on June 3-4. All empirical, theoretical, and quantitative work is welcome! Please submit here (Deadline: March 28): cowles.yale.edu/conferences/fo….

Want state-of-the-art data curation, data poisoning & more? Just do gradient descent! w/ Andrew Ilyas Ben Chen Axel Feldmann Billy Moses Aleksander Madry: we show how to optimize final model loss wrt any continuous variable. Key idea: Metagradients (grads through model training)

Removing the restriction that firms commit to fixed prices, allowing them to choose any supply function, yields a state-dependent aggregate supply curve with empirically realistic properties, from Joel Flynn, Georgios Nikolakoudis, and Karthik Sastry nber.org/papers/w33711