🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

Super interesting and highly relevant! "Macroeconomics and Climate Change" by Adrien Bilal and James H. Stock "This paper surveys the literature that links macroeconomics and climate change." nber.org/papers/w33567

Unspeakably excited to share HANKSSON, joint work w/ (lucky me!) Sigurd Galaasen Refet Gürkaynak M. Mæhlum K. Molnar A key question of the HANK literature: Does (household) heterogeneity amplify the aggregate effects of demand policies and shocks? Well ... 1/n tinyurl.com/3n7sx842

🥳🥳Super excited to see our paper on attitudes towards climate change out in the AEA Journals American Economic Review today! So much more work to do on this pressing issue--data is publicly available! (I had written a short summary thread here: x.com/s_stantcheva/s…)

A series of notes on findings just out, after 2+ years of research. Main question: Does heterogeneity matter for aggregate dynamics in actual data? Florin Bilbiie 🇪🇺 🇺🇦 has a great flood that I link to at the end. Non-gated version of WP here: drive.google.com/file/d/1A9yU02…

Thinking beyond the current madness... I recently took part in a wonderful conference at New York Fed Research on R-star, alongside stars of the profession: Rogoff, Obstfeld, Straub, Woodford, Beaudry, Caballero, Nechio and president John Williams. It was fun! I presented... 1/N

Important discussion of the missing intercept problem. Ben Moll has excellent slides on the topic: benjaminmoll.com/wp-content/upl… This is why looking at time-series variation, although harder to identify, is useful!

Today we have Adrien Bilal (Stanford University) presenting his work at the AERNA webinar: “The Macroeconomic Impact of Climate Change: Global vs. Local Temperature” (with D. Känzig) Diego Känzig When: 4pm (CER) Link: aerna.org/webinars/ Don’t mis this super influential paper!

Es gibt viel zu reden für Ökonomen. Das haben wir getan, in der Wirtschaftskunde: natürlich über Zölle, aber auch Neues aus der Wissenschaft, zB was denn die globale Weltwirtschaft bewegt - es sind ZWEI -, wie bei den Siths. Christian Bayer WRINT wrint.de/2025/04/12/mak…

Many distortions can be seen as implicit or explicit quotas that fix quantities independent of prices—think local content rules, zoning laws, H-1B caps, capital controls, or missing markets. In a new paper, David Baqaee and I analyze such quotas in general equilibrium. 1/5

🚨 SED PROGRAM IS OUT 🚨 See you all in Copenhagen SED Meeting editorialexpress.com/conference/SED…

On Friday I was lucky to be with my old friends of Northwestern Economics to celebrate Mike Woodford, this year’s winner of the Nemmers Prize in Economics

Many thanks to Le Monde and Le Cercle des économistes for having me in great company as nominee for the Prize of the Best Young French Economist, with Lauriane Mouysset and Mathieu Parenti! Huge congrats to Antonin Bergeaud for winning the prize! shorturl.at/fXmtt

I am very much looking forward to this year's "Konstanz Seminar on #MonetaryTheory and #MonetaryPolicy" taking place next week! I had a lot of fun putting together the program. We're especially honored that Athanasios Orphanides (Massachusetts Institute of Technology (MIT) MIT Sloan School of Management) will join us for a policy session.

Terrific program for this year’s NBER Summer institute session on macro public finance, co-organized with Aleh, Dirk, and Florian. Join us there or watch the livestream! July 17!

Congratulations to the finalists of this year’s #YoungEconomistPrize! They will showcase their research and discuss it with top academics and policymakers at this year’s #ECBForum on Central Banking in Sintra, Portugal. The winner will be awarded €10,000 europa.eu/!WFFQJq