Kevin Murphy, Rob Shimer, and I discuss Bob’s great contributions to economics. Remembering Robert E. Lucas, Jr.: A Conversation Among Colleagues youtube.com/playlist?list=… via YouTube

🚨🚚🇮🇳 New! "Internal Trade Barriers in India" with Prabhat Barnwal, Daniil Iurchenko, Pravin Krishna, Eva Van Leemput I will present it this week at CESifo Workshop on Big Data in Urban and Regional Economics and the #UEA2024 meeting at Georgetown. jdingel.com/research/Barnw…

It was a lot of fun thinking of an answer to this question. We still have much to learn about the economics of sectoral booms, which are pervasive!

Celebrating the publication of Dixit and Norman. 😀

Weekend re-read: Bob Lucas reviews the 1989 Helpman & Krugman monograph in the JPE: jstor.org/stable/2937705…

Between 1970 and 1988 Chile undertook a dramatic tariff reduction while Brazil did not. The result: an increase in the volume of trade in Chile but not Brazil. But no effect on trade deficits in either country. Credit: I believe I originally got this example from Douglas Irwin.

The Lisbon Micro Group is back! Join us today at 18h ISEG Lisbon (Quelhas - Novo Banco room) Marcos Sorá, Ricardo Colaço, and I will present More info: sites.google.com/view/lisbonmic… Anna Bernard, Victoire Girard

Prof. James A. Robinson shares the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for his groundbreaking research on the root causes of global inequality, including what affects’ countries economic prosperity. Learn more: ms.spr.ly/6019m4GwW

Two articles originally published in the JPE were cited in the recent Nobel prize decision. In honor of the achievement of Acemoglu, Johnson, and Robinson, we have made these articles temporarily free to read at journals.uchicago.edu/journals/jpe/p…. #EconTwitter Chicago Journals

Come work with us at Haas School of Business! Laura Weiwu, Antoine Levy 🇺🇦 and I are hiring full-time RAs to start in July 2025. Topics at the intersection of urban economics, spatial economics, and political economy. More info here: docs.google.com/document/d/1ng… Econ RA Listings

Thank you, Pol! This is a great summary — I could not have said it better myself :)

Thomas’ paper tells us how to design the best climate club. One of the best papers on climate change I have scene recently. Anyone interested to hire in macro/environmental should look at his impressive portfolio.

If you would like to think even more about politics today

2024 may also be remembered as the year U.S. fiscal exuberance died. post-mortem 🧵 on how we got here. Right now, with the 10 year US Treasury yield trading well above 4.5% and the federal government spending roughly the equivalent of the defense budget just on interest

We have released new yearly measures of local GDP at the 1, 0.5, and 0.25 degree level. They are calculated using remote sensing data and a random forest model. All the data, documentation, and tests can be mapped and downloaded here: bfidatastudio.org/project/local-…

Let's put a 25% tariff into context. Here's a (brief) US tariff history back to 1900. In 1972 the US average tariff rate was ~6%. We cut tariffs to facilitate development (GSP), control drug production (ATPA), and facilitate integration (GATT/WTO). Then in 1985...

Great to see our practical guide to shift-share instruments wiht Kirill Borusyak and Peter Hull out in the Journal of Economic Perspectives today 👇👇👇 pubs.aeaweb.org/doi/pdfplus/10…

I am tentatively happy with how this lecture on "Identification, calibration, and exact hat algebra" turned out. github.com/jdingel/econ69…

Who are the entrepreneurs that drive economic progress, and what does this mean for research and policy? w/ @UfukAkcigit Harun Alp Marta Prato and I use microdata to uncover the critical symbiosis between entrepreneurs and inventors that power innovation and growth 🧵

What is the value of new and improved goods? The question is central for our theories of trade and economic growth, in which the value of new and better goods provides the motive for trade, and is the source of long-run growth. 1/6