For famed investor Warren Buffet, the most important thing for a prospective investment is its economic moat, ie the way in which a business makes itself impervious to new competitors. New e61 research raises a vital query: are these moats trapping us in economic stagnation? 1/10

This morning, the Bureau of Economic Analysis (BEA) released its latest benchmark revisions for the national income and product accounts. 🧵on the work that goes into BEA's efforts to measure the economy: 1/14

Today NSW’s year 12 students will receive their ATAR results. For many, today’s results will give them an indicator of what university degrees they can enroll in. But what do ATARs mean for future earnings? 1/n

🥁🥁Call for papers! As part of the NBER's Summer Institute, Erik Hurst Greg Kaplan and I are holding the "Micro Data and Macro Models" workshop on July 15-18, 2024 Deadline: March 21, submit here: nber.org/conferences/si…