The nature of safety traps depends on the cyclicality of the bond premium. The data favors the conditions for self-fulfilling traps. We propose robust policies. From Nicolás Caramp and Sanjay R Singh: restud.com/paper/bond-pre…

Hoy presenta el #1 Fernando Cirelli

I am very honored and excited to join the CESifo Research Network, Global Economy Area! Thanks a lot for having me. I am looking forward to participating in future events and contributing to the research community.

A naive (ok, maybe not so naive) question. Given how hard it appears to slow down the US economy through monetary policy, maybe fiscal policy could help?

La inflación se viene acelerando sin que se note un descontrol monetario o fiscal. Está claro que tampoco hay políticas contractivas. Pero el cepo funciona como un shock de oferta negativo casi tan importante como la sequía.

The XXV workshop in intl econ & finance will be held at Economía UTDT on August 28, 29, 30. Tom Sargent will be a keynote speaker. Deadline for submitting papers is June 9th utdt.edu/ief-workshop. Partners Becker Friedman Institute for Economics Banco Interamericano de Desarrollo and World Bank.

3er video del canal. Esta vez sobre el déficit fiscal. ¿Importa? ¿Puede ser para siempre? ¿Qué consecuencias tiene que sea infinanciable? Cómo otros países buscaron darle solución al aumento del gasto público y qué pasó en Argentina 🇦🇷 Para suscribirse 👇 youtube.com/@santibulat

The cover for my forthcoming book "One from the Many: The Global Economy since 1850" is out now. Looking forward to sharing more about the book in the near future.

Lunes, martes y miércoles en UTDT. No te pierdas una gran conferencia con Tom Sargent, Fernando Álvarez, Juanpa Nicolini, Ivan Werning, andres blanco, Dima Mukhin Effrosyni (Efi) Adamopoulou, Saki Bigio, Rocío Madera, Gabriel Rubinstein, Luciano Laspina y muchs más

The Economist on my work with Anton Cheremukhin from the Dallas Fed. In our paper “The Dual Beveridge Curve” (restrepo-echavarria.com/Research_files…) we show how the recent anomalous behavior of the Beveridge Curve disappears once we separate vacancies between… (1/3) economist.com/finance-and-ec…

For those considering UC Davis Economics for their Econ PhD, check out this video that highlights what first year is like (from my perspective). Lots of great memories! 💛 🎥 mitali-mathur.github.io/blog/2023/firs… (Scroll down to see the video!)

X-troduction to "One from the Many". 1/N More on the 1st wave of globalization #onefromthemany 🧵

``What sows the seeds of financial crises and what policies can help avoid them? This paper models the interaction between the ex-ante production of assets and ex-post adverse selection in financial markets." Recently accepted to REStud, from Nicolás Caramp restud.com/sowing-the-see…

The Department of Economics at UC Davis is looking for an Assistant Professor in Macroeconomics. aeaweb.org/joe/listing.ph…

🧵A thread about "Sticky Inflation" a new paper on Monetary Policy in Debt-laden Economies sakibigio.net/s/Sticky_infla… w/ slides: sakibigio.net/s/StickyInflat… w/ Nicolás Caramp and Dejanir Silva

New paper ⬇️

Exploring whether raising monetary policy rates in a high-debt scenario can actually worsen inflation, from Saki Bigio, Nicolás Caramp, and Dejanir Silva nber.org/papers/w33190

A thread on this tiny paper: 1/n Unemployment has always been a central motivation behind new Keynesian (NK) economics. However, its canonical version is formulated without unemployment: workers are on "their labor supply" leaving it void of predictions about unemployment.

Looking forward to our conference New Challenges for Fiscal & Monetary Policy next week in Miami Miami Herbert Business School. Full program below, link to papers in the next tweet.

Check out our amazing students on the market this year!