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What an incredible weekend at University of Minnesota! We are finishing the academic stuff, but, this afternoon, we will have an Asado Uruguayo/Argentino at Boom Island Park. And the weather is perfect, the nicest day of the spring so far.

What a fun Sunday morning running through Madrid towards Casa de Campo with so many CEMFI runners on Madrid Vintage Run by TotalEnergies 10k!

1st summer school in international was so much learning and fun in beautiful Crete! Thanks to organizers Javier Bianchi ,Martin Uribe, Costas Arkolakis, Natalia Ramondo, our host U. of Crete for giving us the opportunity to teach amazing students in trade & international macro!

The “VI MadMac Annual Conference: International Trade and Spatial Economics”, jointly organized by CEMFI and Fundación Ramón Areces (Fernando Areces@gmai), took place on June 29-30. cemfi.es/all_news_blog_…

Very proud of my friend Dr Daniela Solá for defending her fantastic thesis 🥳

CEMFI is on fire! 🔥🔥 Manuel Arellano is awarded the National Research Prize 'Pascual Madoz' and Mònica Martínez Bravo the National Research Prize for Young Researchers 'Clara Campoamor'. So richly deserved! Heartfelt congratulations to both CEMFI tinyurl.com/4eh9n54x

Do commodity booms affect misallocation within the tradable sector? JM Clara Arroyo finds that real exchange rate appreciations triggered by commodity booms can lead to a more efficient allocation of resources in the tradable sector clara-arroyo.com

Now accepting applications to our master and Ph.D. programs 📢. Prospective students are welcome to join an information meeting about our programs and institution on-line next Friday Nov 24 3pm CET. More info and registration here 👉 cemfi.es/all_news_blog_…

The great Marta Garcia Rodriguez is on the market this year 📢 I was very lucky to share my time in Minneapolis with her and learn about her work on deviations from rational expectations! Check out her JMP and other cool work here sites.google.com/view/martagarc…

📢📢As in previous years, I have put together the list of JMCs in International Finance (inspired by Trade Diversion (Jonathan Dingel)'s list in International Trade). Check out the candidates on my website! chenzi-xu.com/misc.php 📢📢 #EconTwitter #JMCs

It was great meeting Morgane in Vigo and learning about the implications of working-from-home. She has a very cool research agenda on macroeconomics with heterogeneity that I hope to see more of in the future! Check out her work here: morganerichard.com

💥On panel local projections with macro shocks💥 Our new WP w/ @martinalmuzara: ▫️ micro data and macro questions (e.g., firms and monetary policy) ▫️ heterogeneity and impulse responses ▪️ how to compute standard errors? ▪️ what is the role of cross-sectional variation? 🧵

One day left on the EAYE schedule. Great session, discussions, and exceptional keynotes. First of all, thank you to all the amazing participants, the real heart of the conference!

Congratulations to Clara Arroyo for successfully defending his Ph.D. thesis at CEMFI!. Thanks to Federica Romei (Federica Romei), Carlo Galli (Carlo Galli) and Alejandro Vicondoa for serving in the Thesis Defense Committe and to Clara’s advisor Sebastián Fanelli

What is the cost of waiting for nationality? JMC Yanina finds that admin delays prolong periods of restricted mobility, limiting immigrants' access to better jobs and leading to much lower earnings over 10 years. sites.google.com/view/yaninadom…

How do contract types and worker characteristics influence individual income volatility? JMC @i_lagrosa develops a model to study income trajectories in dual labor markets, accounting for latent individual heterogeneity. ivanlagrosa.com

Did rising house prices contribute to the marital and cohabitation decline in the US? JMC Francesco Chiocchio finds that higher housing cost explain much of this decline, especially for non-college-educated, by making it harder to leave the parents' home fchiocchio.github.io

What determines optimal deposit insurance coverage? JMC Vedant Agarwal studies the effects of deposit insurance coverage on banks' exposure to runs, risk-taking incentives, fiscal costs, and welfare in a quantitative macroeconomic model with bank runs vedant-agl.github.io

How should we think about estimation uncertainty of heterogeneous responses when the sample is a large fraction of the population? Víctor Sancibrián explores this in repeated measurement problems, such as when documenting the extent of firm misallocation sancibrian-v.github.io

Qué tristeza la partida de Álvaro. Fue un gran profesor y tutor de tesis, siempre generoso, riguroso y comprometido. Para mi fue además un gran apoyo en el proceso de irme a estudiar afuera. Se lo va a extrañar.