Happy birthday to first-year graduate student Pascal Frank. ⁦Pascal Frank⁩

Whatever it cakes!

Scholz’s indignation is absolutely righteous. What a difference a year makes. x.com/KadirHama/stat…

This is actually a great way to think about growth—but not as you imagine. It shows (I estimate) 12 piles of ~100 bricks each. So how many different ways can you arrange them? Start simpler. How many ways can you arrange just 6 bricks? The answer may surprise you... 🧵

In the upper right picture, we spy a young Mitchell Boice (current second-year PhD student here Notre Dame Economics)

Two of our talented graduate students, Thomas Poitevin and Pascal Frank (Pascal Frank), just participated in the EABCN training school on Macroeconomics of Complementarities (hosted by the National Bank of Belgium, Banque nationale de Belgique). Pictured here with Frank Portier Franck Portier

Congratulations to fifth-year student Guillermo Verduzco-Bustos, who successfully defended his dissertation yesterday. He will be starting a job at the World Bank (World Bank) next week. Some pictures from his dissertation celebration:

Germany isn't facing a debt crisis, but a crazy budget crisis triggered by the ruling of our constitutional court. Here's a🧵what this is all about. In the media you read about 60 bn unused "Corona debts" shifted to a climate fund. But actually, the issue runs much deeper. /1

In my speech “R(ising) star?” at the #ECBwatchers’ conference, I ask whether the recent measurable rise in real interest rates is a sign that rates will remain higher, or whether they are likely to return to the lows seen in the pre-pandemic era. 1/20

Keine #Wahlunterlagen bei mir in London angekommen! Bei der #Bundestagswahl können viele Deutsche im Ausland ihr Wahlrecht nicht ausüben. Fristen wurden zu knapp kalkuliert, die Verfahren sind zu bürokratisch. Eine Reform ist dringend notwendig. Die Bundeswahlleiterin

Libertäre die sagen Deutschland sei ein unfreier Unterdrückerstaat, sind wie 200 Kg schwere Fans die zum Fernseher brüllen, dass Joshua Kimmich kein Fußball könne.

Greg Mankiw on whether economics is a science (WSJ)

A thread on the state of macroeconomics, based on piie.com/publications/w… Macroeconomics is the subject of many criticisms. From the journalists, that macroeconomists are not good at predicting the future, or that macroeconomists too often disagree. From other economists, that

New research by Lakshmi Iyer & Coleson Weir explores the persistence of colonial-era disparities in India, finding that some have faded while others remain, highlighting the impact of targeted policies. Journal of Development Economics: buff.ly/sdfvnh0

Thrilled our paper "The Colonial Legacy in India: How Persistent are the Effects of Historical Institutions?" is forthcoming at the JDE. We examine how historical institutions continue to shape development today. Colonial legacies can dissipate through targeted public policy. 1/6

Our colleague Jane Ryngaert has a new working paper, "The Causal Effect of News on Inflation Expectations," joint with our graduate student Pascal Frank (Pascal Frank) and Carola Binder (Carola Conces Binder). Check it out: janeryngaert.github.io/app/resources/…

🚨 New working paper 🚨 With Lakshmi Iyer (Notre Dame Economics) and Susan Ostermann (Keough School of Global Affairs). We examine whether there was political influence in India's redistricting process, and how this affects the probability politicians recontest their seat 1/4 Link: drive.google.com/file/d/1boGgKh…

Media coverage of inflation has a significant and asymmetric effect on consumer inflation expectations, from Carola Conces Binder, Pascal Frank, and Jane M. Ryngaert nber.org/papers/w34088

Hier erklärt eine Psychotherapeutin, die ME/CFS Patienten behandelt, dass es keine psychische Erkrankung ist. Es trotzdem so darzustellen ist eine Demütigung. In Anbetracht ihres Leids sind die meisten Opfer resilienter als viele von uns. Lesenswert. spiegel.de/gesundheit/dia…