Florian Scheuer
@Florian_Scheuer
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UBS Professor of Economics, University of Zurich. Department Chair @econ_uzh .
Zurich, Switzerland
Joined March 2016
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Fun story just told by today's
#NobelPrize
laureate and my former
@Stanford
colleague Guido Imbens: He and Josh Angrist lived in Harvard University housing as young Assistant Professors, and because their apartments didn't have laundry machines... 1/3
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I'm honored and humbled to win this year's Gossen Prize
@VfS_econ
and to join the impressive list of previous winners. Also very happy to bring it back to
@econ_uzh
22 years after Ernst Fehr won it in 1999 (too big shoes for me to fill!).
This year´s Hermann H. Gossen award-winner is
@Florian_Scheuer
. The award is given out to an outstanding researcher in an effort to reward research that is internationally visible and makes a prominent connection between our local research institutions and the worldwide community
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We
@econ_uzh
will be on the job market this year with 4 tenure-track and open-rank searches, with a focus on applied micro, international economics, inequality, and macro. Links to apply:
#JobSearch
#EconTwitter
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My paper "Taxation and the Superrich" with Joel Slemrod is out now in this year's Annual Review of Economics:
It provides an overview of recent research on what the tax situation of the superrich looks like and how it could be reformed.
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Happy to report that Timo Boppart
@IIES_Sthlm
@HSGStGallen
will join our Department
@econ_uzh
next summer as Professor of Macroeconomics and Political Economy. Looking forward to welcoming you as a colleague, Timo!
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I‘m thrilled to report that the fantastic
@MayaREden
from
@BrandeisU
(and my fomer
@MITEcon
classmate!) will join our Department
@econ_uzh
next summer as Professor of Economics! 🎉 Can‘t wait to welcome you to Zurich!
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My wife & I were a next-door neighbors of
@Susan_Athey
and Guido & family at Stanford faculty housing, but unfortunately we each had our own laundry machines by then... 😏 Congrats on an extremely well deserved prize!
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Not sure the German gov’t is internalizing the massive damage to the country’s international reputation as a result if its policy. Even if we only narrowly look at the economic side of things, it’s unlikely to be truly cost minimizing. Russia isn’t our only trade partner.
80 years of "atoning" for WW2, "never again"... and now leading Europe in selfish irresponsibility and craven indirect support for a genocidal war of aggression... well-played, Germany
@Bundeskanzler
#Merkel
#Ukraine
@lugaricano
@schnellenbachj
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#job
opening
@econ_uzh
for a Post-Doc position in the Economics of Inequality and Public Policy.
You'll join a growing group of of colleagues working on inequality. Apply here:
Spread the word,
#EconTwitter
!
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I'm thrilled that
@AndreasIMueller
@UTAustinEcon
will join our Department
@econ_uzh
next summer as Professor of Macroeconomics and Labor Markets. Andi will also be an Affiliated Professor at our
@ubscenter
for Economics in Society. Great to have you on board soon, Andi!
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RIP Bob Solow. Many remember him as the giant in economics that he was. For me, he was still an omnipresent force when we were graduate students
@MITEcon
. Always happy to talk to us and one of the wittiest speakers I've ever encountered!
RIP. Bob Solow an absolute giant in Economics, has passed away at age 99. Tremendously influential in the profession and one of the key founders of the MIT Economics department as we live it today. Will be sorely missed.
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I hope the horrifying images coming out of the reclaimed villages around Kiev at least put an end to some Western governments‘ embarrassing policies of inaction and hesitation, notably Germany. Embargo should have come weeks ago, but better now than never. The least we can do!
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Congratulations to my former Stanford colleagues Paul Milgrom and Robert Wilson for a well deserved and long overdue recognition! Paul has been my prediction for many years now, which makes me extra glad 😀!
BREAKING NEWS:
The 2020 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded to Paul R. Milgrom and Robert B. Wilson “for improvements to auction theory and inventions of new auction formats.”
#NobelPrize
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Surprised to see reactions like this!There are few areas in economics with a more direct real-world impact, much of it to the benefit of society. Think of Wilson‘s most recent work to incentivize vaccine development...
Congratulations to the winners of the Nobel Prize for Economics! Surprising choice in times of global pandemic, social and climate change, social inequality, global warming, women's equality and diversity...
@econ4future_DE
#Economists4Future
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Der 🇨🇭Bundesrat beschließt heute, im Gegensatz zur EU Gelder von Personen auf der Sanktionsliste nicht einzufrieren (lediglich Meldepflicht wie auch immer zu verschärfen). Warum?
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Nice example of publication lags in economics! This paper has been around for 25 years, is widely used and taught (>500 GS citations) and now finally appears in print in ECTA:
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I‘m thrilled that Ronak Jain will join our department this summer after finishing her PhD
@HarvardEcon
. She will be the UNICEF Assistant Professor and further strengthen our development economics group. Welcome on board Ronak!
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Our kids‘ first week of kindergarten: Another kid sent home with fever on Monday, PCR came back positive yesterday, whole class tested this morning, in quarantine until we get results. Yikes! I had expected something like this, but not quite that fast…
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...they spent their Saturday mornings together in the laundromat, talking about research and coming up with their new econometric approaches during the long hours there. 2/3
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Germany, in historic policy shift, finally decides to ramp up support for Ukraine. When will Swiss politicians wake up and at least fully comply with EU sanctions?
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Thread on
@Noahpinion
’s critique of
@IvanWerning
's paper (with Daron Acemoglu, Victor Chernozhukov and Michael Whinston) on optimal lockdowns in a SIR model. (disclosure: two of the authors where my PhD advisors, it’s great to see them team up!) (1/10)
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Happy to share my new paper on „Taxation and the Superrich“ with Joel Slemrod, prepared for the Annual Review of Economics
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Just put out the program for this year's
@nberpubs
Summer Institute session on Macro Public Finance, co-organized with Dirk Krueger,
@S_Stantcheva
and Aleh Tsyvinski:
We'll finally be back in hybrid mode, so I hope to see many of you there!
#NBER
SI
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Still struggling to accept the shocking news of Emmanuel's passing. One of the most brilliant and prolific economists of our time, and a genuine supporter of so many of us. What a loss to our profession. Rest in peace, Emmanuel.
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Join us today for this year's
@nberpubs
SI session on Macro Public Finance! Exciting papers on market power and tax policy, public debt, wealth taxation, tax progressivity... Here's the youtube livestream:
and the program:
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Great thread by my co-author
@ben_moll
on our new paper (with Mark Aguiar, who will present it in about an hour
@SEDmeeting
!).
Speaks to the ongoing discussion about how to tax the superrich, simply because their unrealized capital gains typically dwarf their ordinary income.
How should we tax capital gains due to rising asset prices? On realization? On accrual? Or should we perhaps tax wealth?
The existing public finance literature has a big hole making it unsuitable for thinking about these issues: it doesn't model asset prices!
🧵 on a new paper:
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We’re thrilled to welcome
@AndreasIMueller
to our department
@econ_uzh
, who just joined us as Professor of Macroeconomics and Labor Markets. Great to have you on board Andi!
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My paper with Joel Slemrod on "Taxing Our Wealth" discusses whether or not the US should try an annual wealth tax. It draws insights on this question from...
1. related taxes that have been used in the US for a long time, such as estate, property and capital gains taxes, (1/3)
An evaluation of proposals for an annual wealth tax, drawing on the experience of the dozen OECD countries that levied them in the recent past, with only three still retaining them, from Florian Scheuer and Joel Slemrod
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Serious repercussions from Switzerland's decision to stop negotiations with the EU about an institutional agreement: We're losing access to a significant part of ERC funding, vital for the Swiss research landscape. I hope this gets restored soon!
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Simply comparing to another epidemic from 100 years ago effectively also amounts to a model. It implicitly assumes, for example, that the social network aspects of contagion haven’t changed very much, or that the economy reacts to lockdowns in a similar way now as then. (6/10)
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Congratulations to our
@econ_uzh
student
@chiaraina
who has been selected for this year‘s REStud North America tour!
@RevEconStudies
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Congrats to my superstar research assistant
@erik_beyer
who just decided to join
@HarvardEcon
‘s PhD program this fall. Good luck Erik! 💪
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The Swiss Covid-19 Task Force is fully in line with our open letter, signed by about 60 economists from Swiss universities: control the virus to help the economy!
Analyse 📅06.10.2020
> Es gibt keine klare Evidenz für eine Trendwende
> Die Grenzen des Gesundheitssystems könnten erreicht werden
> mit erheblichen wirtschaftlichen Schäden.
Die Zahl der Infektionen muss so schnell wie möglich reduziert werden.
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Glaubt eigentlich noch irgendwer, dass
@economiesuisse
im Interesse der Schweizer Wirtschaft spricht? Dank ihres Lobbyismus ist jetzt das WEF in Singapur und wir sind pünktlich vor Weihnachten in der dritten Welle. Sehe da inzwischen eine Marktlücke.
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Join us as a Post-Doc
@econ_uzh
to work at the frontier of tax policy research! Funded by a
@snsf_ch
Consolidator Grant (Swiss replacement for
@ERC_Research
), no teaching, flexible start date and duration:
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Thank you to the
@snsf_ch
for setting up a replacement scheme since Switzerland left
@ERC_research
Horizon Europe, and for supporting my project „Taxing Capital Gains“ with a SNSF Consolidator Grant. And congrats
@DinaPomeranz
— go
@econ_uzh
!
UBS Foundation Professors
@DinaPomeranz
and
@Florian_Scheuer
each received a
@snsf_ch
Consolidator Grant, running for 5 years and funded with CHF 1.75M. They are awarded according to the same highly competitive selection procedure as
@ERC_Research
grants:
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Congratulations to my colleague
@ProfDavidDorn
for winning the German Economic Association's most prestigious academic award! More than well-deserved, and great to see it coming back to
@econ_uzh
!
We award the prestigious Hermann Heinrich Gossen Award to a young researcher who provided outstanding services to the internationalization of economics. This year’s winner truly made (+makes) an impact with his work. Our sincerest congratulations go to
@ProfDavidDorn
(
@econ_uzh
)!
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I'm again co-organizing with Dirk Krueger,
@S_Stantcheva
and Aleh Tsyvinski the NBER Summer Institute for Macro Public Finance. Here's the call for papers and the submission link. Please send us your papers by March 18!
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Thank you, very honored to join such a distinguished group! 🙏
The Society for the Advancement of Economic Theory (SAET) at
@uiowa
elected
@Florian_Scheuer
Economic Theory Fellow. Nominations are based on scientific excellence, originality, and leadership, high ethical standards, and scholarly and creative achievement. Congratulations!
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Die
@NZZ
zitiert unsere Beispielrechnung: 13 Millionen Covid-Tests plus zugehöriges Contact Tracing sind immer noch billiger als eine Woche Lockdown.
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Congrats to my brilliant former colleague Doug Bernheim
@StanfordEcon
who just received an honorary doctorate from
@UZH_en
! Can‘t imagine anyone more deserving!
@econ_uzh
@ubscenter
#DiesAcademicus
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Here's the program for this year's installment of the Macro Public Finance session at NBER Summer institute, with exciting topics ranging from the dynamics of tax policy, international policy coordination, and debt, to taxing the rich:
@nberpubs
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Having heard Joel complain the past few years about how busy this book has kept him (1000 footnotes?!), I‘m really looking forward to see the end product! I‘m sure it will be as entertaining as only Joel can make it when it comes to tax policy 🤓
Greetings, economist twitter! I invite you to pre-order Joel Slemrod and Mick Keen's forthcoming masterpiece, published by
@PrincetonUPress
.
As you can see from my name, the first author is my dad, and I want his book to make the NYT bestseller list.
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Happy to see this out in print!
"Taxing Our Wealth" with Joel Slemrod
The Winter 2021 issue of the Journal of Economic Perspectives (35, 1) is now available online at .
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Excited to welcome
@RajAnasuya
to our group
@econ_uzh
today. She joins us from
@Polytechnique
for a post-doc until next year. Looking forward to having you here!
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I have 3 fantastic students on the job market this fall
@econ_uzh
-- please take a close look at all of them!
- Claudia Gentile
- Jannik Hensel
@jannikhsl
- Pierre Dubuis
@pierrea_dubuis
Let me tell you a bit about them:
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The program for this year's Macro Public Finance session at NBER Summer Institute is out:
Join us on July 18!
@nberpubs
@S_Stantcheva
@IERJournal
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We're on the rookie market this year with two tenure-track assistant professor positions with a focus on development economics and econometrics. Please apply here by Nov 15:
@econ_uzh
#EconJobMarket
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Grundlage für das Business-Modell der Schweiz war immer eine Reputation für Stabilität, Sicherheit und gute Governance. Mit dem Politikversagen bei der Pandemiekontrolle riskieren wir dieses wertvolle Gut. Betrifft auch bereits uns als Universitäten...
Schweizer Reputation leidet darunter, dass wir Covid schlecht im Griff haben.
"Für Schweizer Firmen wird es zunehmend schwierig, hochkarätige Manager aus dem Ausland anzuziehen. Grund dafür ist die Corona-Krise. Das dürfte auch langfristig Folgen haben."
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Huge contribution to make
@econ_uzh
even better and bigger! We greatly appreciate this commitment especially during these challenging times.
.
@UBS
stiftet rund 25 Millionen Schweizerfranken zur Weiterführung des UBS Centers und verlängert damit ihr Engagement bis 2032.
#EconomicsForSociety
@econ_uzh
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Looking forward to the Macro Public Finance day at this NBER SI, starting tomorrow at 9am in Charles A! And if you stay until the end, you might miss out on EJMR but will learn how to tax the rich—at least as exciting, no? 😉
Here's the program for this year's installment of the Macro Public Finance session at NBER Summer institute, with exciting topics ranging from the dynamics of tax policy, international policy coordination, and debt, to taxing the rich:
@nberpubs
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A great story! It was very impressive also to meet Arber’s family at the defense yesterday. He has four brothers, some of whom have PhDs as well! Congratulations to his parents!
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Very excited to announce the program of the CEPR Public Economics Symposium 2019, which we'll host here in Zurich June 20-21
@econ_uzh
@ubscenter
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Excited to share this year‘s NBER Summer Institute Macro-Public Finance program, July 22:
Looking forward to another virtual iteration of the summer institute, so like last year you’ll be able to watch the sessions streamed here:
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Looking forward to working for the
@EEANews
council in the next few years!
Our
@Florian_Scheuer
appointed to serve the Council of the European Economic Association (EEA) from 2020-2024.
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Submit your paper to this year's edition of our Macro Public Finance session at NBER Summer Institute, taking place on July 18!
Here's the call:
Upload here by March 21:
@S_Stantcheva
@IERJournal
@nberpubs
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Happy to share the NBER Summer Institute Macro-Public Finance program, which we're excited about!
This year's Summer Institute being virtual, many sessions will be streamed on Youtube. So watch out for NBER announcements if you'd like to watch some.
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Congrats to my student
@jannikhsl
and his fellow student coauthors on publishing this great paper in the JME!
🚨Forthcoming at the JME! 🚨
In this joint work with
@jannikhsl
and
@theothermoretti
, we study whether firms' price expectations and their pricing decisions respond to carbon pricing
[1/4]
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Thank you
@CNBCi
and
@_karengilchrist
for the interview!
Switzerland is home to an estimated 110 billionaires — one for every 80,000 people — with a combined wealth of $338 billion, outranking other super-rich hotspots. So what makes it such an attractive place for the uber-rich, and how does that affect the rest of Swiss society?
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Hi
#EconJobMarket
, make sure to check out my two
@econ_uzh
students on the market this year,
@IlMenga
and
@SamuelSkoda
.
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@IvanWerning
So do you view the Warrens and the Sanders as part of the optimal solution, or as the revolution you would have liked to prevent ex ante? 😉
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Thank you, it was a pleasure to serve and I learned a lot! Good luck to my successor
@poweill
!
On July 1st 2022 Florian Scheuer stepped down as Co-editor of Theoretical Economics. His decisions and advice were fair, efficient, and insightful. We are grateful for his service.
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Congrats to my amazing student Andreas Haller who just defended his dissertation today! We'll miss you here
@econ_uzh
! One upside of the borders being closed for now is that at least you might stay for a bit longer 😉
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Unser Positionspapier zur Corona-Krise, inzwischen von allen
@econ_uzh
Kollegen unterzeichnet! Fasst den gegenwärtigen Konsens der ökonomischen Debatte zusammen und zeigt Handlungsoptionen für die Schweiz auf.
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In principle I support this. However, we in Zurich decided to interview both in Rotterdam and San Diego this year, simply because many of us will be at the AEAs anyways (myself included). Looking forward to meeting many of you in January!
To all looking for an assistant professor position: the LSE Department of Economics will interview candidates in Rotterdam at the European Job Market. This year, we will not interview in San Diego at the ASSA. See you in Rotterdam!
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Congrats to my
@econ_uzh
colleague
@davidhem
who just won the AEJ: Macro best paper award for his work on automation with
@mortengolsen
!
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An upside of the age of Zoom: After my talk on wealth taxes at the Canadian Finance Ministry today, I look forward to this seminar tomorrow in Chile, especially the discussion with former Minister Rodrigo Valdes and chief gov't tax advisor
@agostini_cl
!
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The EU recovery plan in response to the Covid-crisis was important, but it came at the expense of huge cuts to research funding that received much less attention. The ERC is a true EU success story, so it‘s great they‘re trying to get this decision reversed.
Today’s speech by ERC President Jean-Pierre Bourguignon
on the future of Europe’s research & innovation and the long-term
#EUbudget
- delivered to the European Parliament.
Read it here ⬇️
#MFF
#InvestEUresearch
#NextGenerationEU
#ITRE
@EP_Industry
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Happy to presenting today for the last time my paper "Signaling to Experts" with
@KurlatPablo
at this exciting new online seminar series in economic theory: (1/9)
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Fantastic lineup of speakers, with a keynote by
@IvanWerning
(MIT) and including
@M_De_Nardi
,
@danhreck
,
@alishour
,
@rlalive
, Adrien Auclert, Aleh Tsyvinski, Eduardo Davila, Pascal Michaillat, Kjetil Storesletten, Jaxier Jaravel, Rohan Kekre and many more.
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Looking forward to chairing two exciting sessions today at
#EEA2020
!
11am-1pm CEST "Taxation and Progressivity" w/
@Joh_Koenig
@NoelleLefebvre
@A_Ferey
V. Ziesemer, C. Slavik
4:30-6:30pm "Tax Responses" w/
@CristianUsala
@egor_malkov
@MalkaGuillot
@terezapalanska
M. Schelker
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Our COVID-19 policy paper, signed by all
@econ_uzh
colleagues, is now available in English. We focus on the Swiss policy context, but many points apply more generally.
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Open letter calling for strong measures to control the spread of Covid-19 in Switzerland, emphasizing that there is no tradeoff between that and helping the economy. Signed by a growing list of Swiss-based economists. Thanks to
@FlorinBilbiie
!
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This hiring season, we’re looking to fill an opening for a Post-Doc position in the Economics of Inequality and Public Policy.
You‘ll be part of a growing community of colleagues working on inequality
@econ_uzh
.
Job posting:
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Sehr schöne Diskussion des JMPs von
@MoritzDG
zu den Effekten von Mindestlöhnen. Freue mich sehr, dass er diesen Sommer als Postdoc zu uns
@econ_uzh
kommt!
Beschäftigungs- und Produktivitätseffekte des Mindestlohns in Deutschland. Theorie, Evidenz und die Rolle makroökonomischer Simulationsanalysen. Mein Blog-Beitrag für inclusive productivity:
Ein höherer Mindestlohn als „Produktivitätspeitsche“?
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Looking forward to talking on Nov 23 with the brilliant
@jan_eeckhout
about his new book “The Profit Paradox”!
Register now for our "Economics of Global Challenges" webcast series: Do giant firms undermine competition and social welfare? Featuring
@jan_eeckhout
of
@UPFBarcelona
. Hosted by:
@Florian_Scheuer
→
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Working on decision letters, but struggling with the restricted set of options I'm given today by TE's online editorial system
@EconTheory
. Maybe this explains our rejection rate?
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Congrats Claudia, very proud of you!
🎉Congratulations to Claudia Gentile who has successfully defended her PhD Thesis!
Claudia is a macroeconomist working on clean growth and innovation. She analyzes how policies affect the clean energy share, innovation, and welfare. Her main research project develops a novel
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My interview today in Chile's Diario Financiero about tax policy:
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Wenn sie auch spaet kommt, diese Neueinschaetzung seitens
@economiesuisse
ist sehr zu begruessen:
"Rühl teilt die Bedenken namhafter Ökonomen, wonach der Wirtschaft nicht gedient sei, wenn man notwendige Einschränkungen zu lange hinauszögere."
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Recently, a growing body of work has estimated how wealth taxes affect the *level* of accumulated wealth. In this new paper, we take a different angle by looking instead at the effect on wealth *inequality*.
Great summary by my co-author
@IZMartinez86
, joint with
@SamiraMarti
.
Excited to share this new paper with the world!
Together with
@SamiraMarti
and
@Florian_Scheuer
@econ_uzh
, we study whether a wealth tax reduces wealth inequality.
A thread 🧵
1/11
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Congrats to
@philippstrack85
on a hugely deserved win!
Congratulations to Philipp Strack of
@Yale
University, winner of the 2024 John Bates Clark Medal!
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Thank you to the Vontobel Foundation for endowing a new professorship in Sustainable Economics
@econ_uzh
! It will give a boost to our department's research on "Achieving a Sustainable Economy," one of our 5 global challenges.
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Don't miss the NBER Summer Institute's meeting of the macro-public finance group later today!
The program is here:
The livestream-link is here (click Macro Public Finance):
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Späte und zögerliche Massnahmen, wie wir sie in den letzten Wochen gesehen haben, werden dementsprechend bestraft. Wir können nicht bis nächsten Mittwoch warten, wenn wir noch einen weiteren Lockdown verhindern wollen.
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Looking forward to teaching this year’s
#NTA2020
Short Course on Taxing the Superrich tomorrow!
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Mein Gastbeitrag zur Steuerpolitik in der heutigen
@faznet
:
Die Besteuerung der Superreichen: Inwiefern werden Milliardäre anders besteuert als Normalverdiener ("Der Volkswirt" von
@Florian_Scheuer
)
#fplus
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The robustness claim also takes the evidence on lockdowns during the Spanish flu as a fact.
@Noahpinion
doesn’t mention though that the paper he cites has been subject to criticism. This should make clear that historical comparisons won’t get us rid of model uncertainty. (8/10)
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Balduin presents his toy model in the Kids’ Economic Association session at La Jolla Beach—Samson gives a devastating discussion. Start early!
#ASSA2020
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Those are certainly strong assumptions, making
@Noahpinion
’s “model” quite stylized. Of course we should learn from historical experiences, but a case would need to be made for why his implicit assumptions are more “robust” than the explicit ones in the theoretical model. (7/10)
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