📢 Very excited to be welcoming the amazing Alessandra Peter (
@Ale_M_Peter
) to
@IIES_Sthlm
for the 2020-21 academic year before she heads to NYU. We're all looking forward to having her at the department. Thanks to
@ERC_Research
for the funding to make it happen.
Wrapping up an incredible 6 weeks of immersing in the full Minnesota (Macro) experience. Thank you
@afogli001
and
@OIGInstitute
@MinneapolisFed
for inviting me. Leaving with tons of new excitement for research.
Oh 🇦🇹, my love. Calling Austrian ✈️ for a rebooking.
Take 1:
- 'Hi, this is Ms Peter, ...'
-'I need to ask my supervisor, I don't think you can re-book this flight'.
Take 2:
- 'Hi, this is Dr Peter, ...'
- 'Yes, of course Frau Doktor, I will re-issue your ticket momentarily'.
Macro is awful in that dimension, yes. Yet
@NYUFASEcon
rules! 2 junior and 2 senior macro women, and the one junior
@JonSteinsson
counted started her career at NYU 😃
Macro is really awful on gender diversity. In top 10 econ departments there are 68 men in macro and only 7 women. Ratio is lower for juniors than seniors: 18 junior men, versus 1 junior woman.
What long-run effects should we expect from changes in input prices?
Our paper w/
@cian_ruane
suggests that firms can substitute between intermediates much more easily than previously thought, consistent with
@ben_moll
@MSchularick
@GeorgZachmann
’s recent work on Germany.
Substitution elasticities between material inputs are above 1 for Indian manufacturing plants in the long run. In contrast, intermediates and value added are complements, from Alessandra Peter and Cian Ruane
Def aged many years working on this project, but 100% worth it.
Thank you to my amazing co-authors 🤩🤩 and thank you 🙏
@vox_dev
for helping us share our work!!
Non-technical write-up below 👇👇👇
👇👇read below for a non-technical summary of
@GidiBo
and my new work on nonlinear pricing & misallocation
Also, if it's on Twitter it's official 😉: super excited to finally have joined
@NYUFASEcon
!
Read more about NYU Arts and Science Prof. Alessandra Peter's latest research with Gideon Bornstein on pricing strategies, product market concentration, and business subsidies at:
@Ale_M_Peter
#Economics
#EconTwitter
Thank you so much
@mazzimon77
@afogli001
and
@VeronicaGuerri7
for putting together this inspiring conference!
Haven't felt this excited (and nervous!) before a talk since the job market I think. What a fantastic group to be part of!
🚨Call for papers🚨
Deadline tomorrow! If you’re working in macro (broadly defined) submit to our SITE workshop August 21-23 at Stanford.
@a_auclert
@luigi_bocola
@Ale_M_Peter
Fantastic two days in Santa Barbara! Thanks to
@MartelliniPaolo
, Job and Nick for putting this together! And thanks to the generous seniors who came to listen and give feedback 🙏
The SED is super exciting this year which is why I put together the best of all sessions 😝!
Come for
@Simon_Mongey
&
@tradewartracker
and
@ProfGreenwald
, stay for my brand new project with
@GidiBo
: we show how high market power firms exacerbate consumption inequality!
The SED sounds pretty lame this year, so if you need some excitement, check out
@tradewartracker
presenting our work where we show that standard discrete choice models are generically inefficient even with comp. product markets, then prove what's needed to make them efficient
It's been a fantastic few months so far 💯!
(Which means that for a normal year with all the famous
@IIES_Sthlm
parties and (even) more irl interaction, I might need to define a new scale 😃.)
Seriously, y'all should apply!
Very excited that
@IIES_Sthlm
has launched the inaugural Assar Lindbeck Fellowship. For rookies and APs looking to visit for a year, all fields welcome. You can ask
@Ale_M_Peter
and
@AnneKaring
how they're enjoying their visit!
We voted tenure to the third woman ever in Economics at Stanford (of course, deans et al still have to decide...). The second while having her career only at Stanford. I look forward to this becoming normal and just celebrate the fact of tenure: Congrats
@melaniemorten
!!🥳🎉
👇👇Curious to hear how nonlinear pricing fundamentally changes the relationship between markups & misallocation?
Come get a 10' sneak peek of my new paper with
@GidiBo
at
@virtualmacrosem
tomorrow!
And stay for what looks like an exciting talk by
@Conor_A_Walsh
!
Want to hear more about what
@PorzioTommaso
,
@bassi_vittorio
,
@RitwikaSen
,
@Jay_JHLee
and I have been ``healthily'' obsessed about for the past year? Tune in to the next STEG conference to hear all about Self-Employment within the Firm!
🙏! I have been (healthy?) obsessing over this paper for the last year. In a nutshell, we study how mfg firms in Uganda are organized internally and show that they operate “almost” as collections of self-employed individuals. Hence the title: “Self-Employment within the firm”. 1/
Thank you
@kozjuli
, Paco, Yongs, and all the fabulous folks at
@stlouisfed
@STLFedResearch
for an amazing conference. Made even more amazing by being in person, with like, real humans.
💥Super excited to join forces with this fantastic team for the next step in the agenda!
👇👇Check out the🧵below for some interesting new facts on the resilience of informal labor market relationships in Uganda.
🏭 How did manufacturing firms in urban Uganda react to the Covid lockdowns?
👩🏭 What can we learn from this large shock about how informal labor markets work?
A short 🧵 based on work with
@bassi_vittorio
,
@RitwikaSen
A few more details:
1/7
Elena Manresa (
@emanresa82
), former CEMFI PhD graduate and current Research Fellow, has been awarded the XXI Fundación Banco Sabadell Award to the best Spanish economist under 40
📢Join us for our next CSAE Lunchtime Seminar 'Self-Employment within the Firm' with
@bassi_vittorio
(
@USC_Econ
).
The work "shows that manufacturing firms in Uganda face internal barriers to specialising labour across tasks."👇
🕧Wed 01 Nov, 12:30
ℹ️
Are firm-level markup estimates unreliable?
They are much better than you may think!
Estimated markups correlate highly with true markups
🚨 "The Hitchhiker’s Guide to Markup Estimation" w/
@DeRidderMaarten
(
@LSEEcon
) &
@MorzentiG
(
@Unibocconi
)
🧵
Interesting in hiring a fantastic applied macroeconomist who is not afraid to go after the big questions? Look no further!
@fdiogocamelo
is the whole package 💪
🚨 Thrilled to share my JMP!
How do capital inflow booms affect capital allocation across firms, aggregate TFP, and GDP?
Big Open❓in the literature! I find:
Booms → Allocative Efficiency ⬆️, but # of Firms ⬇️
→ GDP ⬆️, then ⬇️; Measured TFP ⬇️
🧵on key results👇(1/10)
Alejandro Cuñat, Kalina Manova and I are co-organizing the 5th Workshop on International Econmomic Networks (WIEN) to take place in Vienna on July 1-2, 2022. Send us a paper for consideration!
Here's the conference website with info on past editions:
What are the benefits (we argue local) and possible costs (we find global) of using social networks to overcome contracting frictions in hiring? Arun Chandrasekhar,
@melaniemorten
, and I just released a new WP theoretically studying this question 👇👇
Social networks can help solve firms’ contracting problems, but entrepreneurs may not experiment with hiring strangers and therefore may develop firms that are too small, from Arun G. Chandrasekhar, Melanie Morten, and Alessandra Peter
Congratulations to the winners of our Early Career Research Awards, given to help junior faculty carry out policy-related research on labor market issues.
Winners and topics:
Academics as Encanto characters:
Newly hired Assistant Professor, always excited, curious, but always nervous with lots of self-doubt. Protective of grad students and always try to be helpful (but not sure how).
Very excited to be welcoming Ciaran to IIES for the year.
He’s the fourth excellent Postdoc that we’ve had in as many years. Following in the footsteps of the superb
@KPLarkin
@Ale_M_Peter
and
@GusMicrotoMacro
The
@WTO
has awarded the eleventh annual WTO Essay Award for Young Economists at
#ETSG2019
.
Jan David Bakker: International trade and regional inequality
Federico Huneeus: Production network dynamics and the propagation of shocks
@unibern
Thank you for organizing
@emma_tsurkov
and good to meet you in person.
@Princeton
, I urge you to do whatever you can. Us academics need to know universities have our back when we go out and do the hard work of research in the field.
Come protest the absurdity of the Iraqi PM
@mohamedshia
getting a White House visit as if he is a legitimate leader of a sovereign country. Meanwhile
@Elizrael
languishes in captivity at the hands of the PM's friends in Kataib Hezbollah
#freeLizTsurkov
Very grateful to have been awarded tenure at Sciences Po. A good time to say 'thank you' to family, friends, colleagues, co-authors, and mentors. I hope I'll live up to the example set by them.
Just signed up, come join us😃🏃. Thank you so much
@causalinf
for organizing this despite, well, 2020 and all.
(Guess I'll have to wait a bit longer to find out how my body reacts to trying to run in Chicago in Jan...)
Alright take two. NOW the google form for the
#AEA5k
2021 race is working. Hopefully anyway. "Google, do as I say not as I do" didn't quite work, so I had to read the manual but I think it's working now.
🇺🇦 To all who want some leads on how to help 🇺🇦 : my brother and sister-in-law
@veronikaontech
are coordinating various forms of aid for refugees who managed to leave as well as locally in Ukraine.
If you would like to be kept up-to-date, DM me!
Congratulations to the prize winners Felix Koening (EALE Young Labour Economist Prize), Christian Holzner and Felix Ehrenfried (EALE Labour Economics Prize for the best paper published in Labour Economics 2019) and Marie Paul (Best Reviewer Award Labour Economics in 2019)
@pilossopher
sorry to hear -.-
Also got 2 rejections in the last 2 weeks, but after a certain late night tweet this seems like such a small thing all of a sudden...
A bit of trash-talk for the
#AEA5k
: I wasn't intending to do it, but this morning, I happened to be 4/17.5k running on the Manhattan bridge on Strava! If one of those 3 people who're faster than me is an economist, I might be in trouble, but otherwise, I'm in it to win it.