Check out our new paper with Pedro Teles and Miguel Santana on a new source of nominal rigidities!

A model in which households make decisions according to a dual-process framework explains why prices rise quickly when costs increase (rockets) but fall slowly when costs fall(feathers), from @sergiorebelo6, Santana, and Teles nber.org/papers/w32214

The 16th Advanced Workshop for Central Bankers just concluded in Singapore, gathering talented central bankers from 10 countries. I look forward to returning to Singapore for the 2025 edition of the workshop!

Despite substantial increases in interest rates, the cost of servicing household debt as a percentage of disposable income is lower than in 2019 due to the prevalence of fixed-rate mortgages.

Ceia, a superb restaurant in Lisbon, has crafted a menu that perfectly complements the exquisite wines from Caves São João. Don't miss this extraordinary dining experience on May 2nd, 2024! ceia.superbexperience.com

Another outstanding edition of the Kellogg Marketing Leadership Summit with many valuable insights. The cherry on top of the cake was a great port wine tasting hosted by Ana Rato from Ramos Pinto, a renowned port wine house founded in 1880. buff.ly/2GLrBzh

Surprisingly positive developments for global trade in 2022. Let's see what the future holds.

In case you're looking for a weekend read, here’s a quick discussion of five important trends in today’s economy. insight.kellogg.northwestern.edu/article/5-tren…!

After months of work, a new version of our paper, Regulating Artificial Intelligence, with many new results. Human comments are welcome! kellogg.northwestern.edu/faculty/rebelo…

Kellogg Insight writes about my work with Miguel Santana and Pedro Teles on the shrinkflation phenomenon and why prices rise faster than they fall. insight.kellogg.northwestern.edu/article/why-do…

Mortgage delinquency rates remain low, largely due to the prevalence of fixed-rate mortgages among households. However, delinquency rates for credit cards and commercial real estate loans are increasing.

There's a wonderful Port Wine event in Chicago on Monday, October 14, 6:00 – 9:00 pm with some of my favorite producers. If you like port wine, check it out! eventbrite.com/e/port-wine-fe…

The relationship between food prices and median nominal wages may have shaped people’s perceptions of how well the economy is working for them.

Here’s a revised version of “Foreign Residents and the Future of Global Cities,” written with Joao Guerreiro , Pedro Teles , and Miguel Godinho de Matos. It has cool new results and a new empirical section on the Lisbon real estate market. kellogg.northwestern.edu/faculty/rebelo…

Loaf Lounge, the bakery where my son Tomás works and which created the chocolate cake featured in the series The Bear, has been named one of the top U.S. bakeries by The New York Times! buff.ly/40aAdKH

What happens when a country offers tax exemption to foreign retirees? (Link to paper in the comments)

The instant after reading the referee reports immortalized in marble.

Semiconductor prices continue to defy Moore's law.

If you're interested in Lisbon’s real estate market trends, explore these infographics from Kellogg Insight, based on my research with João Guerreiro, Pedro Teles, and Miguel Godinho de Matos in Foreign Residents and the Future of Global Cities. buff.ly/3WS9MYb

Since you asked... Solo is our favorite place for lunch in Lisbon. buff.ly/3UWgSKv #Portugal