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PhD Student ➡️ PhD Candidate

"This chart is from the ECB, explaining how monetary policy works. All I can say is: Rube Goldberg would be jealous" - John Cochrane

Brits don't own stocks

Some fun present-value calculations At today's GSW yield curve, the PV of the 70M a year contract is 561M. With the deferral its 363M, so the deferral is a 36% pay cut in PV terms. It also significantly increases his interest rate risk: duration triples from 5.16 to 14.67.

They (sort of) tried this and it (sort of) works sciencedirect.com/science/articl… h/t Sangmin Simon Oh

Proud of my cousin Isaac for his Odd Lots appearance. Definitely worth a listen!

as tylercowen would say, "insurance markets in everything" ft.com/content/66947e…

These Stefan Nagel impersonators / scammers are really losing their touch

As a longtime fan of Jeff Sackmann, cool to have my chart on tennis longevity featured in his monthly roundup tennisabstract.com/blog/2025/03/2… (Interactive version here: benmarrow.shinyapps.io/career_wins/)

Seems as exciting a time as any to share that I'll be spending a couple of months contributing to The Economist on topics in finance and economics, as part of the Marjorie Deane fellowship!

20 minutes to market open

Dissertation defended 🎓! Grateful beyond words to my committee members Ralph S.J. Koijen, Lars Peter Hansen, Niels Gormsen, Lubos Pastor, and of course, my exceptional advisor Stefan Nagel.

wrote about dip-buying

I wrote some words on the state of economics for The Economist, graph below and full article here: economist.com/finance-and-ec…

since I've picked up some new followers lately, here's a plug for my ~monthly blog of random things I learn benmarrow.substack.com/p/things-i-lea…