Abdoulaye Ndiaye
@AbdouNdiayeNYU
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Assistant Professor of Economics at the Stern School of Business at New York University. Affiliated w/ STEG, CEPR and CESifo. Research in Macro ∪ Public ∪ Dev.
NYC, Dakar
Joined May 2013
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🚨 Call for Papers
STEG Annual Conference & Theme 5 Workshop
The role of the public sector
Jan 8-11, 2025 at Oxford Economics, London, UK
Send us your Macro ∩ Public ∩ Dev papers.
The workshop (on Jan 11, 2025) will focus on the role of governments in structural
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On this 14th of July, I extend my warmest wishes to the French people as they commemorate their Revolution. I applaud their renewed commitment to unity over nationalism.
As a beneficiary of its excellent higher education system, I'm grateful for France's openness and look
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The Interior Minister of
#Senegal
just called the protesters terrorists. This law and order rhetoric is quite the wrong was to de-escalate the situation.
It would be good that international media picks up this story before the situation further explodes
#FreeSenegal
#snresistance
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What did we learn about racism?
* open stata
reg wage educ black black_x_educ, robust
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This paper (from one of my favorite economists, I confess) is not headline-grabbing thanks to/because of its neutral language, but it finds that 40% of US economic growth in the last half-century is due to reduction in barriers to women and Black people in the labor market.
A 10-minute overview of Hsieh, Hurst, Jones, and Klenow, "The Allocation of Talent and U.S. Economic Growth" (Econometrica, 2019).
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I can’t sit and watch this... Condescending much
@haralduhlig
? You voicing your views is not the problem here, but your lowly, disrespectful, and infantilizing attacks are not okay.
Seniors colleagues, you need to act.
them better. Look: I understand, that some out there still wish to go and protest and say
#defundpolice
and all kinds of stuff, while you are still young and responsibility does not matter. Enjoy! Express yourself! Just don't break anything, ok? And be back by 8 pm.
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Reviewing PhD applications, some candidates with 4-6 years (sic) of RA/predoc experience. The bar is (too) high
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In perhaps the worst kept secret, I have been named
@yugalabs
's first Chief Economist. Of course my home remains
@NYUSternEcon
, but I will build an economic team for
@BoredApeYC
. Join me to deepen our economic understanding of web3 communities and change the world with
@apecoin
!
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The New York Times Style section everyone.
Eid Mubarak!
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Course announcement: This fall I'll be teaching a PhD Macro Public Finance open to the public (2nd yr+ PhD students of other institutions email me to audit depending on availability). The class material will be online: . Here is an overview: 1/5
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Hi new followers, I'm Abdou and my last name is pronounced
@and_joy_
. I usually tweet about macro, taxes, and math... sometimes. Today is actually my birthday, so I'm gonna talk about the 3 organizations that I'm supporting to celebrate.
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I’m tired, lonely and maybe mildly depressed. Maybe like many people right now, with covid, Breonna Taylor, the elections... But it’s okay (no intervention needed). I’m looking forward to watching LeBron James being awesome tonight. This is a wink to anyone else feeling down.
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Cost of a 51% attack for:
Bitcoin: $969,274 per hour
Ethereum: $985,917 per hour
Chain security has "flippened"
Estimates from
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Monday December 7, marks the 4 year anniversary of my stem cell transplant (formerly bone marrow transplant). I take this opportunity to talk about cause close to my heart: signing up
@BeTheMatch
to potentially donate stem cells. It's as easy and less painful than a Covid test 1/
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It is with deep sadness that I heard of Emmanuel Farhi's death. Emmanuel was a stellar researcher and a great human. The first economist to take a chance on me, over cold email, he was an incredible support and made me discover modern macro. I'll miss you
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My 72 yo mother just had her first dose of the AstraZaneca vaccine in
#Senegal
today. No appointment, just word-of-mouth news of a vaccination campaign for 60+ yo in the neighborhood health center. 2nd dose scheduled in 3 months to maximize 1st-doses. Seems pretty efficient to me
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Paper of the week:
@mdoepke
and
@TertiltMichele
's great handbook chapter on Families in Macroeconomics. A collection of facts, structural modeling, and survey of the research on growth and political economy through the lens of gender and the family. First-order issues in macro.
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Stuck in the land of the free until further notice.
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Tom Sargent advised taking one course every year. This year, I am taking the course “African History through the Lens of Economics” by
@Wheeler_LBS
@cepr_org
.
@stelios_mi
@EliasPapaioann2
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Wow, I've received nice messages from students but this one, in these strange times, is especially heartwarming. She struggled financially, took side jobs, and still studied hard to bump up her grades. COngratulations. Upward and onwards. [Posted w/ her permission]
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A short autobiography of Sir Arthur Lewis, 1915-1991
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Math is the language God speaks
Trump adviser: "Math isn't on our side. We need an act of God to alter the course.”
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1 Year of unconditional acceptance, in which you helped me revise my views of what happiness and fulfillment are.
Happy Anniversary
@faithinitup
🎉!
To many more years filled with love, faith
@and_joy_
.
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When you are black, you get followed in the store, or get pull over for random traffic stops. At the same time the police looks the other way when the driver is blonde girl with or when frat boys commit crimes. Micro-aggressions get amplified in aggregate and this is the result.
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Je viens de publier une lettre ouverte adressée aux entités économiques internationales impliquées avec le Sénégal. La crise s'intensifie et la démocratie est en jeu. Non à la silence. Il est temps que le monde prenne conscience de la situation et agisse.
#FreeSenegal
#Kebetu
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Happy Eid al-Adha Mubarak, a celebration of devotion, kindness, and equality for Muslims around the world.
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Avec 1.3 milliards d’habitants et un potentiel de développement sous-exploité, l’Afrique est le futur d’un monde en stagnation séculaire. Toutefois l’Afrique peut être le futur de l’Europe, des USA, de la Chine, mais il est important que l’
#Afrique
soit le futur des
#Africains
.
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This is what happens when your politics are for the masses but your economic policies are for the elite. Little known fact to our politicians: according to the WFP more than 1/3 of Senegalese population lives below the poverty line, and 75% of families suffer from chronic poverty
In the wealthiest part of town this is what is left of the supermarket. Children picking up what they can- this protest is not just about Sonko it’s about those that feel ignored and left behind by the state
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1/ Our latest research studies the economics of international boycotts. Unlike top-down economic measures such as government-imposed sanctions and tariffs, consumer boycotts are grassroots efforts reflecting consumer choices in the international markets. A short 🧵
#EconTwitter
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Terra made it into my Economics of Global Business final exam.
Good luck my awesome students!
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Tonight marks a critical juncture in these elections. After Jacob Blake was shot seven times in the back in front of his children, Kyle Rittenhouse, a 17 yo white supremacist, kills 2 protesters of Blake's death with an AR-15 and walks alive in front of the same police department
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With university hiring freezes, my thoughts go to grad students who'd be on the job market in 2021 & beyond. They need an additional year of funding. When comes 2022 a year with unprecedented supply of fresh grads, universities shall focus on hiring new APs more than promotions
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Eid Mubarak from the Ndiaye family. May all the good habits we developed in the blessed month of Ramadan stick. May we get the chance to share many more celebrations with our loved ones, families, and friends, in peace and good health.
And Happy Ascension Day to all Christians.
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In the spirit of canceling cancel culture, I invite you all to adopt the most generous interpretation of this marvelous tweet that you can think of.
Let me politely suggest to replace Paul Krugman with a Black American colleague as columnist
@nytimes
. Paul had a great run there for more than 20 years. Let's thank him all for what he has done and move on.
@paulkrugman
: just graciously step down!
#ReplaceKrugman
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Jeunesse
#S
énégalaise ne perdez pas votre précieux temps à écouter des personnes comme
@ZemmourEric
. Construisez des choses, résolvez des problèmes locaux qui vous dérangent et étendez les à la nation et au-delà. Il est temps de construire maintenant!
#Freesenegal
#snresistance
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Brave
@patrickc
quote in
@Noahpinion
"I find it somewhat discouraging that one of the biggest and clearest violations of liberty and human rights of our era - the treatment of the Uyghurs by the Chinese government - receives as little condemnation from those in power as it does."
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I second
@IvanWerning
's proposal to shift the discussion to how to change the role of Top 5 publications, term limits for editors, and more systemic reform. I hope the debate keeps going in this direction.
#EconTwitter
I feel we need to talk about the QJE and JPE being department owned operations, Harvard* and JPE, with editors that stay on for decades (perhaps as a result of the small pool they draw on, or otherwise).
Is this the best for the profession?
(* don’t be confused, not MIT)
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This chart is gold!
When you run the numbers, Trump's performance actually doesn't look so bad
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Introducing The AP
The AP is a show about coffee conversations between economists. From discussing the leading and frontier research in macroeconomics to debating current affairs, this show is for the nerdy academic and the curious businessperson alike.
Link below, a 🧵!
1/n
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European countries can appropriate for themselves the problem of institutional racism and fight it in their own terms. In this endeavour, it is key to recognize common root and differences in history of black people in Europe colonization and immigration vs the US mostly slavery
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How to fund unemployment insurance with informality and false claims?
New paper with
@KyleHerkenhoff
, Abdoulaye Cisse (berkey grad student), Alessandro Dell'Acqua (NYU research fellow), and Ahmadou A. Mbaye of
@UCAD_Senegal
A 🧵
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I have just penned an open letter to major international economic entities engaged with Senegal, shedding light on the escalating political crisis. Democracy is under threat. We must not stand silent. The world must be aware and take action.
#FreeSenegal
#Kebetu
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This horrendous comment is not representative of what people actively fighting against white supremacy wish for. Wishing death to old people who do not share your views is wrong, and feeds into more polarization. I wish
@paulkrugman
economist returns to intellectual conversation
Reality is coming for white supremacists driving golf carts
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An important moment for sub-Saharan Africa
Breaking News: The WHO approved the first ever malaria vaccine, which could save tens of thousands of children in sub-Saharan Africa. The quest for this vaccine has been underway for a hundred years, a WHO official said, and is a "historic event."
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@MarioLuisSmall
and
@devah_pager
's sociological perspectives on racial discrimination *for economists* (JEP) sets the agenda for a new approach to studying racism in economics. Controlling for race in regressions isn't enough
What did we learn about racism?
* open stata
reg wage educ black black_x_educ, robust
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Online exams are horrible. Technical glitches happen, students rush with their internet connection to try to submit a file 10 seconds before the deadline and find cheap excuses, multiple choices questions are not the answer... who can solve this nightmare?
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NBER SI Soccer Session
No injuries, no heatstrokes
Awards
MVP
@IERJournal
Best Assist:
@DonigerCynthia
and
@glviolante
Best Goal:
@JoachimHxx
Best Defender:
@SorryToBeKurt
Referee
#2
: Rasmus Lentz (rejected my goal)
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This tweet announces the auction of NFT of the first economics paper on NFTs by
@akbarpour_
and
@ShengwuLi
- before they did. NFTs are easy to duplicate and hardly protected by copyright. It's all about ligitimacy.
All proceeds go to the
@SadieCollective
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Very happy to finally post a revised version of my paper on government redistribution and social insurance with retirement as a labor supply decision.
📜📜📜:
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Chaque année le
#Senegal
🇸🇳 paie presque 4 fois plus pour payer les intérêts sur sa dette qu’il ne dépense sur le secteur de la santé. Ce qui est la 5e pire performance en Afrique. On ne répétera pas assez que la croissance par l’impor, financée par la dette nous méne au désastre
25 African countries spend more on debt service payments than healthcare.
Good piece by
@KevinAtSave
in the IMF's F&D magazine. ht
@a_presbitero
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On an unexpected turn of 2020 events, we are hiring at
@NYUSternEcon
job: Assistant Professor, any field of economics.
ad:
#econtwitter
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Thank you
@MinneapolisFed
!
For
#BlackHistoryMonth
,
#OIGI
celebrates visiting scholar
@and_joy_
Abdoulaye Ndiaye. His research on redistributive tax policy and reforms to the Social Security program offer important insights for addressing income inequality.
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The
@SadieCollective
supports the entry and career development of Black women in economics and related fields: .
Founded by
@itsafronomics
and
@TheFantaTraore
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Another low.
ICE tells foreign students they have to leave the country if their schools go online-only
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See who is doing the looting and burning? A lot of white kids hungry for action but doing it wrong. This was this morning on my street at 12:15AM at 8th St and 5 Ave (not SoHo). Then the police came and they ran away. Longer video recorded from my window below.
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Anna Wintour
@voguemagazine
,
@faithinitup
& I's outfits are ready for the first Monday in May. Waiting for the invite!
The New York Times Style section everyone.
Eid Mubarak!
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📢The VMACS
@virtualmacrosem
Junior Conference will be held Monday, August 31 – Wednesday, September 2, 2020.
🗓️Conference Program and Registration links:
📋The first day of the conference will feature The Emmanuel Farhi Keynote Lecture given by
@DBaqaee
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This is infrastructure
(1/n) Social science research often relies on scans of documents such as statistical tables, newspapers, firm level reports, etc.
#EconTwitter
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Demain Mercredi à 15H de Dakar, je suis l'invité
@iradio
@itv
@itv_sn
@emediasn
de
@CassetAbdou
. Nous parlons
@UEMOA_Officiel
@ecowas_cedeao
et des économies africaines.
Diffusé sur
@facebook
live
#kebetu
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When it comes to Landscaping though, the time is all Four Seasons.
The Bible tells us that to everything there is a season — a time to build, a time to reap, a time to sow. And a time to heal.
This is the time to heal in America.
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Bel hommage du Président
@EmmanuelMacron
à Emmanuel Farhi.
L'hommage du Président de la République à Emmanuel Fahri (Communiqué de Presse du 25 juillet)
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Campaign Zero does research and advocacy on long-term, policy-based ways to help end police violence in America.
Founded by
@deray
@samswey
, and
@MsPackyetti
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Columbia Junior Micro/Macro Labor Conference, NYC September 22-23, 2023
Thanks to
@economoser
for organizing
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The American Eagle 🇺🇸🦅 after the last 4 years.
A majestic eagle is released after being treated for injuries
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The
@ASE_cotonou
educates world-class economists in Africa and from Africa:
Founded by Prof.
@lwantchekon
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For completeness, I retweet the following.
My tweets in recent days and an old blog post have apparently irritated a lot of people. That was far from my intention: let me apologize for that. Did I choose my words and comparisons wisely? I did not. My apology, once again. Let me also make clear that all these are just
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1/16: Ever wonder how flexible incentive pay (bonuses, commissions, etc.) affects unemployment dynamics during business cycles? Our latest paper with
@meghanagrrrr
,
@JADHazell
, and
@JohnRGrigsby
provides an answer. Here's a quick overview of our findings. 🧵
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I gave this interview last year, but read the transcript only a few days ago when it popped up on Linkedin.
Consistent with my views on development in Africa, still.
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لا تحزن ان الله معنا
“Do not be sad, indeed God is with us”
Tawbah 9:40
I hope everyone finds their way own way to grieve. Rest in peace Emmanuel, עִמָּנוּאֵל, God is with us.
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This semester was full of experimentation. I opened my graduate class on twitter, admitted 60+ students, and ended up with a steady-state of ~20 dedicated students. Here are my 12 takeaways from what we know from theory & data in macro public finance, one from each lecture. 1/3
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I find myself in insomnia these nights. I’m well, as a baseline, it’s acute due to medication and recent events. Audible helps me sleep, but I’m crowdsourcing for alternative tools. Am looking for the widely circulated article about checking in when not sure how one is. Thanks
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Done with exams for Econ of Global Business class. Now more time for research (who said vacation? 😢). Before anything let’s pass approving a year’s worth of reimbursements on the first try.
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I read the paper TLDR 🧵
- makes simplistic assumptions about volatility
- assumes Luna moons in booms but falls slowly in bears
- paper conclusions are more careful than the hyped last line of the abstract
- experts should hedge their statements more
- ? expert is not 1st author
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