En este momento: Extraordinario evento realizado por el ITAM, conmemorando el centenario de Banco de México. Transmisión en vivo. Dos ejemplos de excelencia académica, institucionalidad y formación de cuadros técnicos para la disciplina económica. Panel de lujo. Imperdible. 🏦🇲🇽🎓

Very excited to share our new working paper with Andrew Koh 📄 When should policymakers use taxes/subsidies (prices) vs. quotas (quantities) to correct externalities in economies with stochastic spillovers? We revisit an old question posed by Weitzman (1974), but in general

Many open economies face multiple frictions, including currency premia and constraints on external & domestic debt. This article links the desirability of FX intervention, capital controls and prudential limits to the mix of frictions and how they interact.econometricsociety.org/publications/e…

Edward Wiles (Harvard Department of Economics) and I (Princeton Economics) are hiring RAs for work on trade policy and supply chains research using detailed administrative datasets and applied graph theory. Econ RA Listings Please apply and share! More info and application link: forms.gle/sdV3Lw1cf15bWF…

Politicians who later become congressional leaders trade stocks like everyone else ... until they ascend to power. After ascension, their portfolios beat peers by 47 (!!!) percentage points a year through trades timed around bills and firms that later get government contracts.

A new study on "Where Discovery Happens" found that with basic research in the life sciences, Harvard contributes more than Canada & France combined. Boston, Cambridge, & Newton are just behind all of China—and well ahead of every other country in the world. Most of this is from

My fellow farmers and I are excited to release this preview of our full-length feature to be released next fall

New article out today! 'The labor market in Mexico, 2005–2025' by Lorenzo Rodrigo Aldeco Leo, Daniel Osuna Gomez and Jorge Pérez Pérez, all Banco de México. #Mexico #labormarket #informality #gendergaps #regionalnequality full text: wol.iza.org/articles/the-l…

On Monday I gave the "New Developments in Language Models for Economics" lecture at AEA! Link to the video and slides in the next post, and then a 🧵.

Dear followers, please see my article about the implications of the recent US action against Venezuela. What Now for the “Rules-Based Order”? by Daron Acemoglu Project Syndicate prosyn.org/mHr3yFF

For decades, the standard economic blueprint for a middle-class society was simple: industrialization. But in our latest Capitalisn’t podcast, Dani Rodrik makes a very sobering case that this door is now effectively closed. The data is hard to ignore: - Even in China, the

Rest in peace, Kazuhito Yamashita (1961-2026). 🎼🖼️🎶 Every classical guitarist stands in awe when coming across his legendary arrangement of Mussorgsky’s Pictures at an Exhibition… the work of a true genius and a gift to humanity: youtu.be/DjOQ69JjTRo?si…

In settings with high informality, the gains from trade are significantly amplified by reductions in misallocation. During economic downturns, the informal sector acts as a buffer against unemployment but leads to larger aggregate real-income losses. econometricsociety.org/publications/e…

So nice to see this in print! My paper on green trade policy, deforestation, and palm oil. 🌲🌳

In a world where the Epstein papers give a catastrophic image of how the rich and powerful behave too often, it is heart warming to see the governor of the Banque de France retire to be in charge, pro bono, of a charitable association aimed at helping the youth in trouble. Merci

François Villeroy de Galhau, Gouverneur de la Banque de France, a fait part aujourd’hui de sa décision personnelle de quitter ses fonctions début juin prochain, pour prendre la Présidence de la Fondation Apprentis d’Auteuil. Il y succèdera à Jean-Marc Sauvé, dont le mandat se

The Notebook LLM produced a nice short video summary on our paper "Hedonic prices and quality adjusted price indices powered by AI" with Pat Bajari, Suhas Vijaykumar and a wonderful team of collaborators, which was published in Journal of Econometrics in 2025. The LLM didn't get

📢 Our new VoxDevLit on Industrial Development is out now! Senior Editors Francesco Amodio & Markus Poschke summarise everything you need to know about industrialisation. Read & download here voxdev.org/voxdevlit/indu…

Hey Econ Twitter! My better half has a new book out today, a graduate textbook for teaching quantitative economics. Check it out! mitpress.mit.edu/9780262051057/…

A VoxDev summary of our paper on quality upgrading in Colombian coffee (R&R at QJE!). Tl;dr: Quality premia (above minimum) are not passed through, so farmers don't make long-term investments. But a large buyer solved the problem, in part by making mills pay more for quality.