Very excited about our session tomorrow on global value chains and innovation ASSA Meeting. Worth waking up early to listen to Dimitris Papanikolaou Elena Simitzi and Davin Chor and the great discussant line up! #ASSA2023 Pol Antras bit.ly/3VWa3WK

If banks are in the business of loading up on interest rate risk, they should do so with more equity capital, and not with cheap taxpayer-subsidized deposit funding. says Amit Seru in the FT today. That sounds right to me. 🧵

The deepest insight for understanding the lenses people use to understand the world comes from Arnold Kling in his superb, concise book, The Three Languages of Politics. Simple idea. Liberals see the world as a struggle between oppressor and oppressed. Conservatives see the 1/

As a professor who favors free speech on campus, I can sympathize with the "nuanced" answers given by U. presidents yesterday, about whether calls to attack or wipe out Israel violate campus speech policies. What offends me is that since 2015, universities have been so quick to

My article at Le Monde about how geopolitics increasingly shapes the global economy and the impact on commodity markets. DRM DAUPHINE, Université PSL, CEPR lemonde.fr/idees/article/…

Thanks to ProMarket for featuring my research! The paper is available for download at papers.ssrn.com/sol3/papers.cf… Thread below 👇

Very excited about the 7th edition of the Annual Dauphine Finance PhD Workshop! This year we have a fantastic program spanning asset pricing, macro, corporate finance, market microstructure and banking topics. Keynote lecture by Lawrence Schmidt

‘From his actions, and the glee that they have elicited, one learns not that the health-care system is broken but that many people are’ - Graeme Wood in The Atlantic

An example of how to do things right: