More and more evidence pricing carbon, in this case through emissions trading, is a really effective and efficient way of reducing emissions.

nobody in Europe is talking about the polish housing supply miracle. The median household in polish cities (!) now only spends 13% of their income on housing. They build about 200k units a year for a 36 million people country.

Paternity leave reduces fertility. "Men reported lower desired fertility after the [paternity leave] reform, possibly due to their increased awareness of the costs of childrearing."

Yet another NYT piece w/ the “bold idea” of imitating the Nordics (& their progressive family policies) to address our fertility problems. There’s only one problem with this bold idea.👇🏼

1/ “Historically, no one lived past age 35.” Somewhere, a demographer hears this & dies a little bit inside. #demography #mortality #aging #lifeexpectancy

Still waiting for the economic “devastation” to hit Argentina

What would a serious pro-natal policy program look like? •Faster degree completion (3 vs 4 years, start your JD or MD right away) to speed careers •Zoning/housing reform to make more starter homes •Enforce early retirement again to speed early people's careers •Eliminate

An important new paper by Geruso and Spears looks at how much of fertility decline is explained by childlessness versus smaller family sizes. "Childlessness explains only 38% of the decline in fertility in the advanced economies." This implies larger families may hold the key! 🧵

El PIB creció al 5,8 % anual en el primer trimestre del 2025, con el Consumo Privado creciendo al 11,6%, la Inversión al 31,8% y las Exportaciones al 7,2%. ✅ Respecto al consumo privado, en términos desestacionalizados, el primer trimestre de 2025 fue el mayor de la historia

Look who just made it into the top 20 of the world’s largest economies. Welcome to the top, Poland.

We are proud to spotlight @JoseAzar, Professor at Universidad de Navarra, as a featured member of our Forward Thinkers list. As a Research Associate at IESE Business School, Research Affiliate at CEPR, and a member of Economics for Inclusive Prosperity, Azar’s work explores how common ownership

Free-market policies aren't always good, and they certainly aren't a cure-all. But as Milei is showing in Argentina, we've underrated their importance. noahpinion.blog/p/free-market-…

Congratulations to my many collaborators on horizontal shareholding especially Eric Posner, Fiona Scott Morton, José Azar, Martin Schmalz🧘 and Florian Ederer on the ruling by the Eastern District of Texas fully endorsing the theory of harm: texasattorneygeneral.gov/sites/default/… (esp pages 26-29)

BREAKING: new study just dropped that shows compelling evidence that cell phone bans cause student grades to modestly increase. Grade increases are largest among low performing students.

I am (slowly) re-reading the Tolkien legendarium (of which Lord of the Rings is a small part). The whole body of work is so incredible and there's nothing else like it... it dilutes other worlds of fiction. Wait - your story doesn't have a comprehensive history/mythology spanning

“By enabling senior workers to accomplish more tasks independently, AI may inadvertently reduce entry-level opportunities, raising concerns about how future generations will acquire essential expertise” and potentially lowering growth in per capita GDP. edwardconard.com/macro-roundup/…

It's 2025, and empirical researchers are still getting this sort of comment from a referee: "Please clarify how potential multicollinearity among explanatory variables was assessed and addressed in the analysis." Maybe I should drop all references from my book.

Hoy el peronismo se nos aparece como fracasado y derrotado. Pero ha estado muy cerca de lograr su objetivo: logró generar una masiva huida del peso y de la deuda argentina que, en un país sin liquidez y sin acceso a los mercados (como Argentina), podría haber provocado un colapso

Por qué subieron tanto los mercados? No solo por el triunfo de Javier Milei, sino porque el cambio de sistema electoral reveló que parte del caudal electoral del peronismo era choreo. Entonces el riesgo kuka cae no solo el el corto sino también en el largo plazo.

Very cool JMP by Pier Paolo Creanza: the Gilded Era merger wave didn't kill innovation, it turbo boosted it. Large scale consolidation in early 20th century enabled large industrial labs, lower cost of capital, and more breakthrough patents pierpaolocreanza.github.io/website/creanz…