Governor Waller and I have similar views: I say this all the time when talking about the policy impact of the Minneapolis Fed

Insightful piece by Simon Mongey which highlights the common denominator between my paper with Bagga, Mann, and Sahin, "Job Amenity Shocks and Labor Reallocation" and the paper by Afrouzi, Blanco, Drenik, and Hurst, "A Theory of How Workers Keep Up with Inflation", summarized

Come to Sydney in December for the 2nd Annual e61 / UNSW Micro 4 Macro Workshop. Deadline: 31 July. Last year's workshop was a great success, with excellent papers and discussion. Another great macro conference on the calendar!

Great team! Great workshop! Looking forward to another great 2 days of macro in Barcelona!

🚨🚨 APRIL trade data up on the site 🚨🚨 this is a first look at the effects of the liberation day #tariffs here are a couple of quick graphs - covid-style collapse in #imports from #china with the average tariff paid being just under 40 percent

The main thesis in Annie Lowrey 's The Atlantic article is consistent with our paper Pricing Inequality (with Mike Waugh), which links household balance sheets over the pandemic, to lower price sensitivity of households and how firms' prices respond. Exciting stuff!

a lot going on: 1) big clean up of my github repo. now clean datasets (cross-country tariff and daily tariff) that other users can grab and use github.com/tradewartracke… and I'll keep the url fixed

Excited to be heading to the NBER EFG to present Pricing Inequality. If you can't make it and are interested, then the slides are here: simonmongey.com/uploads/6/5/6/…. We now more closely apply our results to understanding the massive run up in prices relative to wages in 2021-2022

Ownership of #Treasuries has shifted from price-insensitive investors to price-sensitive investors, putting upward pressure on yields. 🔗: bit.ly/44iVsfG #EconTwitter #Finance

Why have the #tariff impacts been delayed? the take from Minneapolis Fed minneapolisfed.org/article/2025/t…

Awesome to see the development of this approach to labor markets in new and interesting contexts!

Excited to be joining RED as an Editor! Please send us your best papers, and we'll handle them efficiently and fairly!

The sequel to our 2018 AER "Aggregate Recruiting Intensity". We combine JOLTS QCEW microdata to test our earlier work and construct a 'ground up' measure of ARI. Importantly, we solve a clear "missing intercept" problem linking aggregate tightness and firms' recruiting decisions

A useful exercise would be to take the top performing stocks in any time period and ask what share of stock returns, earnings growth etc they account for over that period, and then compare to these statistics for "AI-related stocks"

This is incredibly exciting! John somehow knows a lot about everything in macro. Congratulations John, Austan Goolsbee, and ChicagoFed!

#QJE Nov 2025, #3, “Bottom-Up Markup Fluctuations,” by Burstein, Carvalho (@camecon), and Grassi (Basile Grassi): doi.org/10.1093/qje/qj…

Is U.S. inflation continuing its progress down to the Fed's 2% target? In the latest "Basket," Senior Econ Writer Jeff Horwich calls out the three big inflation trends you need to know.