"We find that higher U.S. tariffs reduce the U.S. trade deficit through general equilibrium adjustments, but raise domestic prices and lower real consumption." NEW Discussion Paper by Lorenzo Caliendo, Samuel Kortum, & Fernando Parro: cowles.yale.edu/research/cfdp-…

Folks, if you ever run an IV reg (e.g. in RCTs to go from ITT to LATE), check this out. The control mean for compliers is more informative than for the full sample. I wish I'd seen this note 5 yrs ago (when Mauricio Romero and I first looked into this strangely-niche practice)

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Your resident old-school institutionalist take: the H1B visa fee in the US looks like yet another policy shielding "market insiders" at the expense of "outsiders." Big firms can afford the fee. Startups face reduced talent pool. In the long run, that’s a path to state decline.

We have just posted our job ad for a faculty position in econometrics. Application deadline is November 23, 2025. econjobmarket.org/positions?show…

Really important paper. We totally miss most earnings volatility for the 60% of Americans who are hourly workers, because we measured it at the yearly, not the monthly level. High-frequency data reveals that the situation faced by low-income workers is worse than we believed. 1/

Hi everyone, Melbourne Health Economics is moving to Bluesky - please follow us on the following handle: heu-unimelb.bsky. We very much appreciate those that have followed our account, and welcome you to move over with us. "heu-unimelb.bsky"

What he said. 👇

We are hiring (a bit)! This year we are on the market for multiple positions at the junior and senior market and here is why you should join us (1/n): econjobmarket.org/positions/11805 econjobmarket.org/positions/11635