🔥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

Forthcoming in AEJ: Macroeconomics: "Time to Say Goodbye: The Macroeconomic Implications of Termination Notice" by Tomer Ifergane. aeaweb.org/articles?id=10…

New CEPR Discussion Paper - DP19928 Do Deficits Cause #Inflation? A High Frequency Narrative Approach Jonathon Hazell Joe Hazell LSE LSE Department of Economics, Stephan Hobler LSE ow.ly/RsRl50UWKPX #CEPR_MEF #CEPR_MG #EconTwitter

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.…

Environmental Populism Conference LSE Department of Economics International Growth Centre May 15-16, 2025: This conference will explore the contentious politics of climate policy focusing on ideology, economic interests & institutional design Submissions now open, more details here: lse-environment-week.com/env-pop-conf

Very excited to see my old JMP finally out :) How does mandated termination notice (TN) affect the macroeconomy? This paper: search effort ⬆️ fiscal externality of UI ⬇️-> TN complements standard UI longer 🧵soon #econtwitter aeaweb.org/articles?id=10…

🌿🌎Call for Papers- LSE Environmental Populism Conference (15-16 May) exploring the politics of climate policy-ideology, economic interests & institutional design. We welcome research particularly in developing countries. 📅Deadline: Friday, 21 March lse-environment-week.com/env-pop-conf

How did the US become a land of opportunity? In a new paper, we show that the country's pioneering role in mass education was key to its rise in intergenerational mobility from 1850 to 1950. "America's Rise in Human Capital Mobility" with Harriet Brookes Gray & Hugo Reichardt

Our new paper on how soft budget constraints affect firm dynamics and economic growth

Our upcoming (15-16/5) Environmental Populism Conference will explore our understanding of the contentious politics of climate policy. We're seeking papers on the features of environmental populism, esp in developing countries #EEE Deadline: 21 March sticerd.lse.ac.uk/_new/events/ev…

New working paper on how financial easing since the GFC has affected economic growth in Europe

📣New working paper: "Tariffs and Monetary Policy" ⏺️I study the effects of tariffs in a workhorse New Keynesian open economy model ⏺️ Key insight: the effect of tariffs depends crucially on the endogenous behavior of monetary policy #econtwitter 👇

The much improved draft of "The Regional Keynesian Cross" with Marco Bellifemine and Adrien Couturier is now available online. Link: users.ox.ac.uk/~econ0628/Regi…

New Adam Smith Institute blog on yesterday’s Spring Statement adamsmith.org/blog/what-is-t…

📣New updated version of my paper "Tariffs and Monetary Policy". Now including an analysis of *optimal* monetary policy. Key insight: optimal mp is significantly more expansionary than under a common CPI-targeting policy, which displays a "tightening bias". #econtwitter

Musk’s cost-cutting goals are getting exponentially smaller as he’s slowly realizing that the government is not a car company. My Morning Joe Chart

New paper on recent US tariffs with Matt Rognlie and Adrien Auclert Our focus: effects of temporary increases in tariffs (“tariff shocks") Three Qs: 1 Will tariffs lead to a recession? 2 Will they reduce the trade deficit? 3 Why are they not appreciating USD? (as in std theory) 🧵

📣New thoroughly revised version of our paper "HBANK: Monetary Policy with Heterogeneous Banks" #econtwitter Bewley-type model of heterogeneous banks meets the New Keynesian model. Effects of monetary policy stronger because of bank heterogeneity and endogenous default risk🧵

The much improved draft of "HBANK: Monetary Policy with Heterogeneous Banks" with Marco Bellifemine and Tommaso Monacelli is now available online. Now in sequence space. Link: users.ox.ac.uk/~econ0628/HBAN…

New at JIE: "Monetary Unions with Heterogeneous Fiscal Space", by Marco Bellifemine (Marco Bellifemine), Adrien Couturier (Adrien Couturier), Rustam Jamilov (Rustam Jamilov) doi.org/10.1016/j.jint…

🚨New paper that provides comprehensive, macro-historical empirical support for the conflict view of inflation. Paper: users.ox.ac.uk/~econ0628/Meas…