To everyone disappointed by @openai today... don't be. The livestream was for a general consumer audience. The cool stuff is "hidden" on their site. I am really excited. (Text to 3D??) 🧵🧵

The new interpretability paper from Anthropic is totally based. Feels like analyzing an alien life form. If you only read one 90-min-read paper today, it has to be this one transformer-circuits.pub/2024/scaling-m…

Based on various requests, you can find the lecture materials and codes for the mini-course on "Deep Learning for Solving Dynamic Stochastic Models" here: github.com/sischei/Deep_L… Hope some of you have fun with it! Marlon Azinovic-Yang

This is amazing.

We are (finally) releasing the 🍷 FineWeb technical report! In it, we detail and explain every processing decision we took, and we also introduce our newest dataset: 📚 FineWeb-Edu, a (web only) subset of FW filtered for high educational content. Link: hf.co/spaces/Hugging…

Amazing workshop! Great set of papers, a lot of cross-pollination between projects, and the mix between international and macro people was very enlighting. Congrats and thanks Mishel and Alessandro!

Are you doing research on the macro impact of artificial intelligence? The apply to this conference jointly organized by European Central Bank ChaMP and Banco de España ecb.europa.eu/press/conferen…

If you work on AI's impact on the economy or are simply curious, check this call for papers! Together with the ESCB, we aim to make this conference a tangible contribution to AI policy discussions in Europe. We need to be prepared and informed!

Look forward to presenting my work with Alessandro Ferrari at #SED2024! If you are in Barcelona, join us for the great session on Inflation Dynamics, featuring presentations by Gianluca Violante and Corina Boar, at 11am on Thursday June 27th.

The European Central Bank has reviewed the #monetarypolicy operational framework. The transition will be gradual to ensure that monetary policy is properly implemented during the Eurosystem’s balance sheet normalisation process #bdeBlog #bdeResearch bde.es/wbe/en/noticia…

‼️Call for Papers: Submit by 15 July to discuss aggregate economic & financial consequences of AI at the European Central Bank – ChaMP network, Banco de España conference: The Impact of Artificial Intelligence on the Macroeconomy and Monetary Policy, on 24 October in Madrid ecb.europa.eu/press/conferen…

I am happy to present at the #SED2024 tomorrow Saturday at 3:30 pm, accompanied by great papers! The session, chaired by Ariel Burstein, is called the transmission of shocks in complex economies. Attend and reach out if you want to connect!

📢 Reminder 📢 If you are working on the interactions of Artificial Intelligence and the macroeconomy, consider applying to this conference organized by the ChaMP Network, European Central Bank & Banco de España Madrid, October 24th. Submission deadline: July 15th⏳💻 bde.es/wbe/es/noticia…

How should central banks respond to large surges of inflation? In a new paper, we examine this question in the context of a 'menu-cost' model à la Golosov-Lucas. A short 🧵 1/n (n=9) galonuno.com/uploads/1/3/4/…

Vuelven a circular noticias sobre una supuesta recomendación del Banco de España de mantener en casa dinero en #efectivo para imprevistos. Como ya advertimos el año pasado, no son ciertas. Esto es lo que realmente aconsejamos 👉 finanzasparatodos.es/la-importancia… x.com/BancoDeEspana/…

This paper is an absolute beauty. Quantitatively its been the northstar for my work with Mike Waugh. The empirical strategy in each of the two approaches the authors take is crystal clear, which makes replicating it in a quantitative model possible.

Mario Draghi acaba de presentar su informe sobre COMPETITIVIDAD 🇪🇺 que le había pedido la Presidenta de la Comisión, Von der Leyen, dado que la UE se está quedando por detrás de EEUU y China. Draghi propone una nueva estrategia industrial para Europa que incluye un importante

Mario Draghi's long-awaited report on EU competitiveness is finally out, and it is an alarm bell: the EU is falling behind the US and China on most metrics of growth & competitiveness. A key reason is over-regulation, which puts a massive burden on firms (particularly young ones)

For the first time in recent memory, housing policy is at the forefront of a U.S. presidential election campaign, reflecting the deep challenges millions of Americans face in finding affordable, stable housing. Some thoughts on the candidates' proposals and beyond.