Assistant Professor of Finance
@SFI
| Head of AI & Digital Economy Lab
@HECLausanne
| Macro-Finance, AI, Inequality, Innovation | Girl Mom |
@NYUSternEcon
PhD
Thank you very much again to the selection committee and the President of the ECB, Christine
@Lagarde
, for the opportunity to participate in this competition and thank you for the prize. I feel truly honoured for being surrounded by so much talent.
Congratulations to Roxana Mihet (
@EconBitsStrings
), the winner of this year’s young economists’ competition, and to all the finalists at the
#ECBForum
! Check our website to find out more about their research.
📢The Department of Economics at
@heclausanne
is looking to fill 3 open-rank faculty positions in macro, development, and environmental econ. Spread the word
#EconTwitter
! Female candidates are particularly encouraged to apply. Great environment in the best small city in Europe.
Come join us! The Finance Department at HEC Lausanne is hiring on the rookie market this year in CF. Very friendly department in the best small city in the world, known for its global outlook, diversity, home to big business and natural setting. This could be your office view! :)
@EconTwitter
, please spread the word!
I am looking to hire an exceptional postdoc to work with me and my team on AI & the digital economy. Exceptional requirements, exceptional salary and benefits, exceptional location in the heart of the Alps. Even when it rains it’s beautiful!
I have crossed the Atlantic with two suitcases many times, which wasn’t easy, first living in Europe, then the US, then Europe, then the US again... tomorrow, I am moving to Switzerland 🇨🇭 and I haven’t been so excited in a long time! Cannot wait to become Lausannoise!
And so, this happened last week. I broke both legs... Health issues can arise, both during PhD studies and during a stressful job. The most important is to take the time to get well -- the rest you can do with work and perseverance, but good health is the ultimate prerequisite
(1) Hi, Twitter! I am on the Finance & Econ 'job markets' this year, among fantastic colleagues, and I am excited to share with you my job market paper "Who Benefits from Innovations in Financial Technology?" More details are at my website
A wonderful moment at the EEA job market in Rotterdam. Happy to start the new year on such a wonderful and hopeful note. Wishing everyone Happy Holidays and an exciting New Year 2020.
As a tenure track faculty, I love being back to in-person conferences. But flying nowadays is a disaster; Canceled flights, huge delays, missed connections, poor customer service and gigantic prices. Especially annoying when having to travel with a still breastfeeding baby.
🎉 Exciting news about my PhD student! 🎉
I am thrilled to announce that Georgii Zvonka, an upcoming 5th year PhD student at
@heclausanne
, Department of Finance, has won the Best Junior Paper Award at the 14th CEQURA Conference in Munich.
Georgii's paper presents tokenization
Super excited to be
#PhinisheD
! But bittersweet to digitally wrap up a fantastic opportunity that involved working with so many wonderful people at
@NYUStern
.
So grateful for the support of my exceptional committee composed of Laura Veldkamp,
@ThomasPHI2
, and Venky Venkateswaran
Wow, I just saw the schedule at AFA this Winter. How did I get into my amazing session? 1) Imposter syndrome is strong. 2) Too bad this one won't be in person.
How does uncertainty affect the way households form their expectations in the pre- and post-pandemic world?
Understanding the complexity of household belief formation is crucial for central bank communication and guidance.
This is the question we tackle in our research paper
A very nice article from top academics on promising research avenues in Asset Pricing. Among them, modelling subjective beliefs, expectations formation, macro-monetary links, intermediary AP, international finance, heterogeneity, and others...
Great presentations at ERMAS in Bucharest! Excited to catch up with Romanian economists abroad, present a brand new paper on cybercrime-driven innovation and learn what everyone has been up! A little trip to the Carpathians is most welcome too!
I'm thrilled to join the University of Bologna as AP next fall! Can't wait to get back to my Alma Mater and my favorite city in the world.
Looking forward to working with the incredible macro group and the whole econ department at
@DSE_Unibo
.
[1/3]
#efa2020
Check out this amazing data set of economic news extracted with ML techniques from the WSJ. Many thanks to the authors for making this publicly available. *Leland Bybee, Bryan T. Kelly, Asaf Manela, Dacheng Xiu
I don't feel like shameless self-promotion when thousands of people are dying every day, loved ones are stuck in different countries, friends are mourning their parents, and 2021 looks like a replica of 2020 with the slow vaccination pace. See you all in 2022.
Very nice to be at the Norges Bank to present one of my papers on the impact of higher cybercrime costs on firms in the modern data economy. The Norges Bank Research Department is always insightful and welcoming. Thanks for yet another amazing visit!
@NorgesBank
I really look forward to the 6th Future of Financial Information Conference, taking place on 27-28 May 2024 at Stockholm Business School. And you should too! 🌟
As program chair, I helped organize the conference and I am proud of the lineup of papers to be presented.🚀
The
On Thur I had the chance to meet several super talented young economists and discuss our research with ECB board members, Prof. Isabel Schnabel and Dr. Philip Lane. It was such an amazing & humbling experience and I feel honored to have been selected to participate in this event.
Yesterday, Philip Lane and I had the chance to talk to the 10 finalists of our young economists' competition - a very impressive group of young people with great papers. Check them out!
#YEC
Loving Maureen O’Hara’s discussion at the NBER Conference on Big Data and the Stock Market. What an amazing example of a careful, kind and constructive feedback discussion. We need more Maureens in our profession!
Wrap up a wonderful workshop on frontier methods & models in macro, with great talks & conversation. Tom Sargent's keynote reviewed key revolutions of methods in macro over the past 50 years. Many believe it should be required watching for 1st-year PhDs. Stay tuned for the video!
🚨HEC Lausanne Department of Finance is hiring! We are looking for with a rookie with an excellent research & teaching record connected to sustainability. Come live in the best city in Switzerland! Job post here:
📢Alert for Econ PhD students: Don't forget to submit your paper to the ECB Young Economists' Competition. Besides making your work visible, you will meet and discuss your research ideas with top policy-makers, faculty and fellow students.
#EconTwitter
Here's the coolest paper of 2019! and 2020. It measures the consequences of the emergence of satellite images of parking lot traffic across major U.S. retailers as alternative data in capital markets. It's the empirical validation to my theoretical JMP.
Isabela has a really interesting job market paper and is full of life and joy and great research ideas. She'd make a fantastic colleague and I sincerely wish her top of the top on the market. Check her website below!
"A handful of Wall Street groups used to monopolise IT but now every boutique has access to Bloomberg and Amazon Web Services." Read my JMP to see what that does to financial inclusion and stock market efficiency.
#inequality
#finance
via
@financialtimes
We do not want an even angrier young generation, but we do want independent thinkers who believe in science & check their sources of information. Many thanks to the BEF22 organizers for putting together an interactive event! Honored to participate alongside brilliant speakers!
*Cool paper alert!* Similar to my paper, where data increases inequality via returns to wealth,
@ben_moll
& co also find that any tech. innovation substituting labor for capital disproportionately increases the returns of capital owners, thus increasing inequality. Worth a read!
@pascualrpo
presented our work w Ben Moll on automation and inequality at the NBER SI yesterday. Punchline is that by raising returns to wealth and lowering (most) wages, automation leads to higher income and wealh inequality 🤖. Paper here:
@RJPartington
I had a great time being part of this distinguished panel in Zurich on AI and Ethical Investments. Thank you very much to the
@CAIAAssociation
and
@CISI
for inviting me, as well as to Assad Malik, Eelco Fiole, and William J. Kelly for the interesting discussion we had. Glad the
Huge congratulations to the winner of the Swiss Finance Institute Outstanding Paper Award!!! This year: Laura Veldkamp. Last year: Daron Acemoglu. Full list here:
One hears often stories of careers derailed or ended because the work went unappreciated for years or decades before the profession realised they were too ahead of their time. Didn't realise it went all the way up to Nobel prize-quality work.
“Ten years ago I was kicked out and forced to retire.”
Our new medicine laureate Katalin Karikó (
@kkariko
) told us how much it means to be awarded the Nobel Prize after a scientific career that has been full of challenges.
Ten years ago, Karikó was still doing all her
BFI is thrilled to announce a generous new commitment from Alvaro Saieh, AM’76, PhD’80, to support our postdoctoral program in economics. The program brings together leading, early-career economists to take part in the University’s field-defining approach.
I learned so much from this great panel on AI and the Future of Finance! Strongly recommend it.
Panel discussion by
@TaniaBabina
,
@andrea_eisfeldt
,
@DimitrisPapan20
, Tobias Moskowitz, Lauren Cohen,
and others.
How do economists think about
#AI
&
#BigData
? Our take on it: 1) intangible asset; 2) search and matching technology; 3) forecasting technology. Many different implications for productivity, inequality, competition, etc.
@ThomasPHI2
Today six financial institutions have assets equivalent to over half of our GDP.
They determine whether workers can earn a decent wage or have health care or not.
There will be no real change in this country unless we have the courage to take on Wall Street.
Really interesting discussions at the Future of Financial Information 2022 conference on retail investors and gamification. Learned a lot: investors sell winners, buy losers, and take excessive risks losing money in the stock market.
#gamification
#trading
#retailinvestors
Keep an eye on these hard problems and the AI fellows working on them! This is frontier knowledge on AI for the greater good.
@erikbryn
@danielrock
and other amazing researchers!
I have been so honoured to present to the Sandoz Family Foundation my research project on the Economics of Artificial Intelligence and the Value of Data. Many thanks to the expert committee for their excellent questions and to the Foundation for making it possible.
@deandad
I applied to 20+ US colleges and UChicago was the only one that sent me a poster with an aerial view of the campus. I'd look at it longingly from my Romanian HS bedroom in a post-communist apartment block. When the offer arrived I was already in 😍w/ the pretty campus. So I went.
Last night, I dreamed that I sneezed in front of a shop assistant without wearing my mask and I woke up feeling terrified. The new nightmare that replaced having to retake the quals...🤣
Thank you everyone for a wonderful workshop on information frictions at the BSE Summer Forum! I learned a lot, got inspired from you, and had so much fun!😊 Information frictions is definitely the coolest & friendliest field.
Excited about the 18th BIS Annual Conference in Zurich tomorrow! What a great set of panels and discussions on the digital economy and financial innovation.
@Susan_Athey
,
@ThomasPHI2
,
@helene_rey
, Franklin Allen, David Dorn, Francis Diebold, and many others talking about Fintech.
Throwback to when we visited Berlin. My family, who never got the chances I got when they were young, became very emotional at the
#BerlinWall
. They both cried decades after achieving freedom. Nowadays, we need to remember democracy is not a given. It's something to fight for.
For those interested in the Economics of Artificial Intelligence, this NBER selection of papers presented & discussed today and tomorrow is great!
#TorontoAI
#NBERAI
#EconofAI
🌐 AMLD EPFL 2024: Navigating the Crossroads of the Digital Age: Cyber Crime in the Modern Data Economy 🌐
Tuesday marked a milestone as we delved deep into the critical intersections of cyber security, data economy, and digital governance. Alongside my co-organizer Loïc
Many congratulations to the 2023 graduates of the MSc in Finance program at HEC Lausanne! The future is yours and what you make of it. It was a pleasure teaching you (thank you for the award you gave me as well) and look forward to learning about all the great things that you
🚨🚨🚨Call for applications to the
@BIS_org
2024 PhD Fellowship now open (deadline: 30 Sep):
If you are a PhD student w/ strong interest in topical issues in economics & finance, consider applying!
Don't hesitate to reach out if you have questions.
Top academic experts converged in Dallas this week for a fascinating interdisciplinary conference on the economics of information security,
#WEIS2024
.
Key insights:
💡A large proportion of firms ignore software updates due to high costs of updating. The simplicity (complexity)
Just attended a
@NYUSternEcon
talk with Angus Deaton and Anne Case on well-being, happiness, inequality. He asked me about my job market paper! Felt very nice to talk about it. Third Nobel Prize winner who listens to it. They understand the subtleties so fast it is AMAZING. 🚀
Thank you,
#NYUSternEcon
and
#EEAnews
and
#UniCredit
! So honored and happy to be among the great papers selected this year. Can't wait to meet everyone in Rotterdam.
Congratulations to Roxana Mihet, one of the six authors distinguished by the UniCredit Foundation / EEA Econ JM Best paper award.
@EEANews
@UniCredit_PR
#EconJobMarket
Last week in Barcelona
@ProfMariassunta
and Thierry Foucault kicked off the inaugural edition of the
@ESADE
Spring Workshop. Together with Marcin Kacperczyk and Daniel Paravisini, they made a dream team of keynote speakers!
Tech can democratise finance, provided it is properly regulated to encourage innovation while prohibiting exploitative or value-destroying behaviours. Excellent article by
@TRamadorai
and John Campbell in
@FT
The age at which scientists or innovators achieve their moment of genius has been increasing. Half of all pioneering experimental contributions in science happen after age 40. The increase may be because there is so much more knowledge to master nowadays.
When I was a kid, all I wanted was a job where I'd travel a lot. Now as an adult, all I want is not to travel all the time. ✈️🌍
#adultgoals
#flying
#delta
#canada
Over 7 years as (Managing) Editor of the Review of Finance, I had to reject 1,000 papers given our increase in standards. "Lessons From 1,000 Rejections" aims to use them constructively by distilling common reasons for rejection to guide future research.
Consider joining us for the world première of the first crowd-sourced empirical finance paper: Non-Standard Errors. Next Tuesday, November 23, 5:00-6:45 PM, CET. Register here: . Background: . Video: .
As if planning an international move during Covid-19 was not stressful enough, I just learned that around 2000 shipping containers are lost at sea every year too.
The winner of this year’s
#ECBForum
Young Economist Prize is
@fkocheng
! His research focused on firms’ external financing over their life cycle.
Congratulations to all the finalists on their achievements! Take a look at their papers
The 3rd Future of Financial Information conference will take place on Zoom on 19-21 May! I’ll be chairing a session on apps and consumer finance, but I encourage you to attend the full event because we have a very interesting program this year! Register:
I am so excited for this book arriving: "Innovations + Equality". How to create a future that is inclusive for all. A must read for everyone worried about growing inequality and potential negative consequences of technological advances.
We have a very new working paper on the possible business ramifications of such regulations! For a look, check out
Much more work to be done in the area!!
We’ll be hosting the ‘AI and Regulation’ track at
#AMLDEPFL22
on March 29 with
@cpeukert
and
@SuVergnolle
. Join us and other AI & ML experts to find out how to best regulate these technologies while ensuring fairness and equitably for all market players.
Today I learned about a prominent Romanian economist, Nicolae Georgescu-Roegen (1906-1994) who established ecological economics and formulated The Entropy Law and the Economic Process. As long as you live, you learn.
#Romania
Interesting paper in the current debate on the effects of AI & automation on inequality: "We show that households rebalance their financial wealth away from the stock market in response to increased human capital risk...attaining lower positions in the wealth distribution."