David Baqaee retweeted
Very much looking forward to this Conference on Innovation & Growth, co-organized with Vasco Carvalho.
Big thanks to @Ph_Aghion & @ufukakcigit for agreeing to give keynotes, and to our amazing speakers @MartinBeraja, @DeRidderMaarten, @DimitrisPapan20, @huiyu_li, Yueran Ma, Conor Walsh, and Venky Venkateswaran!
Big thanks to @Ph_Aghion & @ufukakcigit for agreeing to give keynotes, and to our amazing speakers @MartinBeraja, @DeRidderMaarten, @DimitrisPapan20, @huiyu_li, Yueran Ma, Conor Walsh, and Venky Venkateswaran!
📢*Save the Date* for our exciting 'Innovation & Growth Conf' in Cambridge!
🗓️March 18-19 2027
➡️Keynotes: Phillippe Aghion @Ph_Aghion & Ufuk Akcigit @ufukakcigit
Registration info to follow janeway.econ.cam.ac.uk/event/save-dat…
@_LukasFreund_ @DeRidderMaarten @MartinBeraja @huiyu_li
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David Baqaee retweeted
We have two Assistant Professor openings at @UVAEconomics
1. Industrial Organization and/or Microeconomic Theory
2. Applied Microeconomics (esp. Labor/Trade/Spatial)
Deadline to apply is November 10!
1. Industrial Organization and/or Microeconomic Theory
2. Applied Microeconomics (esp. Labor/Trade/Spatial)
Deadline to apply is November 10!
🚨 We are hiring at @UVAEconomics!
We have TWO Assistant Professor openings this year:
• Microeconomic Theory and/or Industrial Organization
• Applied Microeconomics
Applications are due November 10.
Apply here:
• apply.interfolio.com/190672
• apply.interfolio.com/192420
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David Baqaee retweeted
Studying optimal monetary policy in HANK by maximizing households’ joint surplus without a stance on redistribution, and find that a reweighted dual mandate is nearly optimal, from @DBaqaee, @arielburst, and @jptguerreiro nber.org/papers/w35967
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David Baqaee retweeted
Hello London - if you're here and might be interested in this job with high stakes and top-of-market compensation for a junior role, DM me.
At @RefineDotInk, we're hiring a Chief of Staff: remote, UK/Europe-based.
Refine is a venture-backed applied AI lab developing tools for verification of knowledge work, advised by top names in AI.
This is a business role supporting the CEO.
Details: (please like/RT!)
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What monetary policy maximizes efficiency—the joint surplus of all households—in heterogeneous-agent New Keynesian economies (HANK)? In a canonical HANK model, the answer is the same policy as in RANK. Read on for why (1/9) nber.org/papers/w35967
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With heterogeneous incidence, monetary policy can also ease incomplete-market distortions through a small, temporary expansion. But the gains are tiny in our calibration—even though losses from uninsured household risk dwarf those from business cycles. (8/9)
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The practical payoff: a simple dual mandate, with more weight on output-gap stabilization, captures over 99.97% of the aggregate-surplus gains from fully optimal policy in our calibration. Moreover, such a policy does not require any compensatory transfers.(9/9)
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David Baqaee retweeted
Come join us! Great school in a great university in a great city. I moved here 18 months ago and am happy to answer any questions!
📢 We're hiring!
The School of Economics at the University of Queensland (UQ) is hiring two Lecturer / Senior Lecturer positions (Assistant / Associate Prof equiv).
✅ Any field in #Economics
📍 Brisbane, Australia
📅 Deadline: 1 Nov 2026
Apply here: aeaweb.org/joe/listing.ph…
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David Baqaee retweeted
Wow… The Babies are No Longer Protected Against Measles
Moms antibodies used to give 6-9 months of Ab protection to infants
Now, protection is gone by ~4 months
Neutralizing Ab titers = 0 by 6m
And… if we give MMR early to fill the gap it can drive a long-term problem
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Moms antibodies used to give 6-9 months of Ab protection to infants
Now, protection is gone by ~4 months
Neutralizing Ab titers = 0 by 6m
And… if we give MMR early to fill the gap it can drive a long-term problem
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David Baqaee retweeted
Imagine this logic applied to public debt.
California defaults on its debt, just this once, and promises never to do it again. Proponents say it will keep borrowing at the same rate as before.
Rauh would say: "No. Lenders won't believe you, so you'll pay a higher rate on everything you borrow from now on. That will cost us dearly in the long run."
Zucman would reply: "Fallacy. Why would lenders charge more unless you default again? And if you default again, you save money again... by virtue of, well, defaulting."
California defaults on its debt, just this once, and promises never to do it again. Proponents say it will keep borrowing at the same rate as before.
Rauh would say: "No. Lenders won't believe you, so you'll pay a higher rate on everything you borrow from now on. That will cost us dearly in the long run."
Zucman would reply: "Fallacy. Why would lenders charge more unless you default again? And if you default again, you save money again... by virtue of, well, defaulting."
The key problem is this:
Why would billionaires permanently leave California in response to a one-time tax owed if they lived there on January 1, 2026?
It would only make sense for them to leave if the tax becomes annual.
But if the tax becomes annual, it would also generate revenue annually — by virtue of, well, being annual.
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RT @JessicaBRiedl: Washington currently spends $43,700 per senior - vs. $4,300 per person under 26.
So if we're going to max-out on tax…
So if we're going to max-out on tax…
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David Baqaee retweeted
Btw, Arnold Harberger could still win this year. And he should. At one, we should honor the guy whose point is included in all textbooks. Everyone. Of. Them. To quote Gary Oldman in Leon the Professional
The man who drew a triangle that revolutionized economics in many ways is now 100 and still hasnt received his Nobel
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