For interested students, we spent quite a bit of time on the replication package. It isn't available on the AEA website yet but is available on mine and includes tex files for the paper and appendix, in addition to all code.

@mfariacastro Congratulations! I just got my oath ceremony letter yesterday! Abjuring soon!

RT @MinneapolisFed: Pricing Inequality A new staff report by @Simon_Mongey and Michael E. Waugh (@tradewartracker) is now available on our…

RT @sc_cath: When do we start including Social Security pension wealth in wealth inequality statistics? You can’t advocate for large progr…

@FelixTintelnot @AldiUSA Have to be careful of the standard upcoming discount on avocados going into superbowl weekend!

@tradewartracker Welfare effects on the transition in terms of initial assets

@a_bergeaud Yes! 👍🏼

@stevenfomer @ChadJonesEcon Our model has, we think, the right notion of "if forced". Unlike case you raise, most firms aren't monopsonists. They compete locally / across markets for workers. We match empirical dist.of firms/degree of concentration in these markets. They're aware of comp. pressures faced.

@stevenfomer @ChadJonesEcon I agree! This paper on technological response in the long run is great (. And this is a wonderful paper on the very topic you point to by my colleage Jim Schmitz (

@timdesilva Thanks Tim! I owe you an email too! :)

@arnimius @ChadJonesEcon The paper also answers the question of the best minimum wage in the presence of a redistributive tax and transfer system. It also answers the question of the best minimum wage in the presence of a completely flexible tax and transfer system.

@MaxGhenis @ChadJonesEcon Around 4%, but comes with output losses and entirely depends on choice of social welfare weights. The minimum wage is so often argued for on the basis of efficiency (that it would increase output and employment) rather than redistribution, and thats the focus of the paper.

Thanks for the committee for inviting me, this should be a great conference! Send them your papers!

@mariusring @tradewartracker Hi Marius, great reminder! I discussed this with Apoorv at Dartmouth, but forgot about it. We'll add the cite to the paper. Its a great paper!

@LeinSarahMarit Thanks for the great paper, Sarah! It was central to how we thought about the project.

RT @cepr_org: New CEPR Discussion Paper - DP19857 Practical Optimal Income Taxation Jonathan Heathcote @Jonheathcote @MinneapolisFed, Hitos…

@economoser Now to wrap up the papers from NBER SI's before that!

And for @conlon_chris we reproduce the scatter plot from your AEA P&P paper to show that the model also produces zero correlation between price growth and markup growth. This is despite a clear increase in the aggregate markup due to the fiscal transfer.