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Check out this new podcast👇🏻 Great initiative, Heller-Hurwicz Economics Institute!

Where it all began. The first edition of “The Wealth of Nations” at NY Public Library #economics

🚨 IO researchers 🚨 Submission deadline—November 13.

🚨 For Econ & Finance PhD students on the 2023/24 job market 🚨 Come work with us! Application deadline is November 12. #jobmarket #phd #economics #finance

🚨👇🏻 Working paper 👇🏻🚨 #EconTwitter

How do households respond to income shocks? New #NBER working paper w/ the most brilliant coauthors!

RIP. Bob Solow an absolute giant in Economics, has passed away at age 99. Tremendously influential in the profession and one of the key founders of the MIT Economics department as we live it today. Will be sorely missed.

Great news! Congratulations, Sergei Guriev 👏🏻

Tulip time in DC.

New research: Wealth moves dramatically with income shocks. Jeff Horwich breaks down key findings from our staff report by Egor Malkov Dirk Krueger & our monetary advisor Fabrizio Perri. Important policy insights for marginal propensity to consume #MPC bit.ly/49W8EXc

If you get a raise or take a hit, how and how much do you adjust? Special dataset, practical insights into an important question for economics. Quick intro to new research from Minneapolis Fed's Fabrizio Perri w/ Egor Malkov Bates White & Dirk Krueger Penn/Penn Economics Department

We formulate a simple asset pricing model in which stock prices mirror the expected present value of future dividends, discounted at a constant rate. We invert the model to recover shocks to expectations that perfectly replicate the history of price per share for the CRSP Index.

🚨 PhD candidates on the market 🚨 Come join us! Bates White is a great place where you will have lots of growth and development opportunities and where every day you will work on challenging and thought-provoking questions. #phdjobmarket #economics #phd #economicconsulting

Senior Economist Egor Malkov’s article “How Do Households Respond to Income Shocks?” will be published by the Journal of Economic Dynamics and Control next month. Learn more: ow.ly/57zw50TKOgI #beyondexpertsbetterexperience

Finally out in AEJ:Macro👉 The Evolution of US Retail Concentration w/Dominic A. Smith Census data👉*National and local* concentration increased 1982-2012 Trends hold for product and industry markets 🔗aeaweb.org/articles?id=10… AEA Journals

🚨Graduate Students!🚨... If you want to take these tools and apply them to different questions, get in touch! Happy to talk / share code. There's a *lot* of interesting directions to take what we do here, and if anything is unclear in the paper we'd love your feedback.

New CEPR Discussion Paper - DP19910 Reconciling #Macroeconomics and #Finance for the U.S. Corporate Sector: 1929 to Present Andy Atkeson UCLA, Jonathan Heathcote Jonathan Heathcote Minneapolis Fed, Fabrizio Perri Minneapolis Fed ow.ly/rw7K50UT7eI #CEPR_MG #CEPR_AP #EconTwitter

An examination of the value managers create finds that managers apply different skills in different proportions depending on the production technology in which they are embedded, from Alan Benson and Kathryn L. Shaw nber.org/papers/w33431

A great paper!

Great to see "Generative AI at Work", my paper with Lindsey Raymond and Danielle Li, published in the QJE. We find that the AI makes customer support agents 14% more productive, improves customer satisfaction and reduces employee turnover.