marina azzimonti
@mazzimon77
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Macro, Pol Econ & Intl Finance. Federal Reserve Bank of Richmond economist. AWE Center Director. #WomeninMacro . MomX3. Mate&Chipas. She/Her. Views are my own!
Joined September 2013
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Mexico’s newly elected President, Claudia Sheinbaum, has a PhD in energy engineering
Just sayin’
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We had this crazy idea to create a PhD macro textbook .
It's still a work in progress, write to me w/ feedback/typos/ideas.
@alisdairmckay
@ToshiMukoyama
@KrusellPer
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Price controls worked great in Argentina. Eventually you can’t buy anything, because there is not enough supply, and you don’t even need to control anything anymore! Works like a charm every time
We have a powerful weapon to fight inflation: price controls. It’s time we use it | Isabella Weber
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This is one of the best papers I’ve ever written. It took insane amounts of work.
I got a mega health shock when working on the last revision and Vincenzo stepped up working double shifts.
I hope you guys read it :)
Recently published in REStud, ``International Spillovers and Bailouts,'' from Azzimonti and Quadrini:
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Major update of our PhD Macro book just updated.
What's new?
- Growth
- RBC
- Credit Market Frictions
- Emerging Markets
- Sustainability
Download:
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So one of my papers was once targeted in
#EJMR
. I wrote this response (non anonymously).
Attacks immediately stopped. I guess people felt less anonymous knowing I read the thread.
I’m not sure how to fix this, but let’s all try to be constructive pls
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What is your favorite quote about macroeconomics? (pls mention author)
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Marcela Eslava, Verónica Guerrieri, Emi Nakamura, Sydney Ludvigson, Rohini Pande, Christina Romer, Antoinette Schoar, Stefanie Stantcheva, Rohini Somanathan , Silvana Tenreyro, Ebonya Washington, Ekaterina Zhuravskaya, 2021 Fellows of the Econometric Society
Wow 🤩 💪🏼👏
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Lots of criticisms to Economics and Macro in particular. But, there are a LOT of things macro DID get right.
Ex: importance of central bank independence
What else, in your view, are success stories in macro?
#EconTwitter
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Fun fact: the first Fortran macro model with heterogeneous agents and incomplete markets was written by Ayse Imrohoroglu 👏
Her paper came out in 1989…several years before Aiyagari 🤷🏽♀️
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📢📢Excited to launch the website for the recently founded "Center for Advancing Women in Economics (AWE)," a project very dear to my ❤️
@RichFedResearch
@WomenInMacro
@AEACSWEP
#EconTwitter
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On sabbatical this year, teaching a class at NYU-Stern and VERY excited to be in NYC!!!
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…aaand we close our 6th edition of the Women in Macro!! 🤩
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Alberto Alesina ignited political macroeconomics. He has been a role model researcher and always took the time to answer questions. He bet on me by allowing me to be part of the NBER (despite not being in an elite university). This is a terrible loss for all of us.
From
@Cutler_econ
Dear economist friends. I am very sad to report that Alberto Alesina passed away today. Apparently, he was hiking with his beloved wife Susan and had a heart attack. He was a great treasure whom we shall all miss.
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Women in Macro 2022 kicking out soon!
Check program here:
(We will record all sessions!)
@afogli001
@VeronicaGuerri7
@BeckerFriedman
@WomenInMacro
#WiM
#WomenInMacro
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Stony Brook’s Economics Department welcomes its second female Department Chair in more than three decades!
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My first Minn Macro: Lucas& Stokey sat in front of me @ happy hour.
I freeze. I was terrified.
He turns and asks (politely and respectfully) about an assumption. Gives me a ton of suggestions. Top quality referee report.
Lucas was my favorite economist of all times
Today is a sad day for economics. Robert E. Lucas, Jr., a great researcher and teacher died this morning.
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Researchers, teachers, policymakers, students, and some even moms. We look different but we are the same.
I present you the Women of Core Week! 🤩
#AWE_Center
#MyRichmondFed
@RichmondFed
@RichFedResearch
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For non Argentineans trying to understand what is going on there, short 🧵
There are two exchange rates (ARG $ per US$):
1. "Official Dollar": defined by the gov't
2. "Blue Dollar": black market, what people can access as "store of value"
Evolution over time: 1/3
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So, we have the
#WomenInMacro
conference tomorrow. One of the gals cannot come b/c kids are home and she is overwhelmed, she felt bad and apologized. And I have been thinking about this as I prepared my discussion ... 1/n
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Women in Macro is on!
@afogli001
welcoming our first speaker
@paures12
talking about Marriage Markets in the US
#WomenInMacro
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After 8 years as the Secretary of the SED, I’m happy to pass the torch to
@paures12
!!!
So excited to attend an SED without all the stress 😁
#SED
@SEDmeeting
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I am Hispanic and love mentoring opportunities.
But this reads like
1. URM scholars are not prominent.
2. "Prominent scholars" are descending from the heavens, descending to our level.
There are better ways to communicate this. Am I being too icky here?
Each year at the
@ASSAmeeting
, there is an opportunity for URM scholars to share breakfast with prominent economists. Learn how to apply at .
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Women in Macro, day 2!
Noemi Pinardon-Touati kicks off with
“The crowding out effect of local government debt: micro and macro evidence”
#WomenInMacro
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Women in Macro conference is on!
@WomenInMacro
@afogli001
@VeronicaGuerri7
@BeckerFriedman
#womeninMacro
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Economists getting tenure after pre docs, post docs, and one year visits be like…
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Plot Twist: many reports are from MEN that were uncomfortable about what they saw. They feel terrible for not coming forward before. It's not too late
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The Young and the Old discussing the macro workshop presentation on “Location Choices over the Life Cycle”
@Ale_M_Peter
@eli_gnn
@NYUFASEcon
@NYUSternEcon
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📣📣Extremely proud to be leading the new “Center for Advancing Women in Economics” with
@ArantxaJarque
at the Federal Reserve Bank of Richmond 📣📣
#WomenInEconomics
@RichmondFed
@RichFedResearch
Today, we are proud to announce the launch of the Center for Advancing Women in Economics. The Center’s mission is to champion diversity in economics, enrich economic research and elevate the voices of women economists. Learn more:
#WomeninEconomics
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Heading to Santa Barbara for Women in Macro.
Excited to go back to the place where it was born for our 5th anniversary 🤩🎉
Program curated by
@Ale_M_Peter
and Corina Boar:
#WomenInMacro
@afogli001
@VeronicaGuerri7
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First seminar visit in a year, since my health shock… and at the Philly Fed nonetheless!
It’s been great to see so many
old friends
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The first conference I ever attended was the Midwest Macro.
I’ll give plenary at that same conference this November, which is a tremendous honor
Don’t forget to apply before April 31st! Go here:
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And we close the Women in Macro Conference with a Happy Hour!
Thanks everyone for participating
@afogli001
@VeronicaGuerri7
@Claudia_Sahm
@skalemliozcan
@Ale_M_Peter
@piazzesi
#WomenInMacro
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📣 We've interviewed Natalia Ramondo (Professor at Boston University) and learned about trade, multinational corporations, and the importance of having work experience before a PhD.
Don't miss it!
📽
@RichmondFed
#RichmondAWE
#WomenInMacro
#EconTwitter
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OMG hay TODO un set de videos de estadistica de Walter Sosa en YouTube!
@wsosaescudero
: tenes en ingles para mis pibes?
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The program for the Second Annual Women in Macro Conference is up! Check it here:
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This was a great one,
@S_Stantcheva
clarifying the relationship between Basic Income and Mean-tested transfers! (while discussing Raquel Fernandez UBI paper)
@afogli001
@VeronicaGuerri7
#WomenInMacro
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What I learned re harassment
1. Title IX can be launched if a student/co-worker at univ. starts a case.
- Outside of this, gray zone.
- If the accused leaves the university, case is dropped.
- Accused need not disclose in next employer, who has zero incentive to ask
#metoo
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This is my mom and her siblings back in the day in the north of Argentina.
This pic is important because the e only person with a camera in their house was my uncle. 1/2
#Desaparecidos
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"Research achievements are never pictured as the result of teamwork, which is at odd which most of what history of science emphasize. Powering the lone genius myth also reinforce the... widespread belief that tolerating bad behavior is the price to pay to get creative scientists"
Some comments on the making of hierarchies in economics, for those who are more on the "systemic problem" than the "bad apples" side of current
#econmetoo
moment & think we should discuss structural change
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Apply to our Women in Economics Conference (Sept ‘23 in Sweden!!)
Deadline: May 1st
#WE_ARE_IN
@afogli001
@VeronicaGuerri7
@helene_rey
@caterinamendic2
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People are asking me about the new Argentinean President... He's a wild card. But Argentina had to get out of the cycle of bottomless social programs and rampant corruption; become a bit more meritocratic.
Can he do this? dunno.🤔
Dollarization? 🙄Probably unfeasible now.
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Traveling to conferences w/ small kids is an impossible task unless you are pretty rich.
Reimbursement rules typically do not even allow for AirBnB (a must if bringing a family member or nanny to take care of the kid).
Yes, you can always marry an economist to fix it 😁
Three scientist mothers call for a change in how conference childcare costs are reimbursed, drawing on their personal experiences
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Living with high inflation, a docu-series:
The official exchange rate imposed by the govt is 1 US$ = 176 Argentinian pesos.
The actual rate or “dollar blue” is $355 pesos/dollar 😱
The screenshot, from today’s newspaper, shows you all the exchange rates
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How much did the productivity of researchers w/ kids under 8 years old decline druing the Pandemic?
My one data point: about 75%
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In other words, even top ranked ECONOMISTS PUBLISH barely more than half the PAPERS they WRITE.
When you're WRITING a PAPER, it has to be the most important thing in the world. And it is.
But when it's behind you, it's behind you.
"Perfection is impossible.
In the 1,526 singles matches I played in my career, I won almost 80% of those matches.
But what percentage of points did I win?
54%
In other words, even top ranked tennis players win barely more than half the points they play.
When you lose ever
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It is disappointing that the only effective tool to fight sexual harassment is going to the news.
This cannot bring us to a good outcome in the long run.
Institutions need to take this seriously and come up with a fair process. As of today, the process seems broken
I talked to 7 women, all Asian international students, who said Dybvig sexually harassed them. From flirty emails to unwanted kissing and touching, their stories span at least a decade. Many said it was an open secret among female Chinese students.
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This article turned out to be more timely than we anticipated.
We tried to understand how come Argentina did so much worse than Chile after they regained democracy in the 80s.
It is also cautionary: w/o institutional fixing, fiscal space just make corruption more tempting
Nations with weaker institutions experience frequent default episodes and greater economic volatility, from
@mazzimon77
and
@MitraNirvana
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Heading to give my plenary “Policies, Politics, and the Macroeconomy” at Midwest Macro Meetings!
(Yes, I’m presenting at the Stadium)
@TexasTech
#EconTwitter
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measuring citations in policy work, not just journals is great.
If the CEA (White House), CB, IMF, IDB, or the Fed System is using your research to conduct policy everyone wins. Academia and Policy must interact more often
via
@ft
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Argentinean Econ Minister announcing adjustment plan
“The problem is fundamentally excessive deficits…we have always dealt w the outcomes but not the source…we blamed the previous politicians, and ended with recurrent crises. We need to solve the fiscal problem first”
💯
Anuncio de Medidas de Emergencia Económica
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In 2015, I wrote this paper with M Fernandes. Our hypothesis was that social media could significantly increase polarization and misinformation when bots spread fake news. Nobody paid much attention
Social Media Networks, Fake News, and Polarization
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@KhoaVuUmn
Argentina has fueled the macro, int’l finance and pol Econ lits for decades. Applied, here we come! 🫠
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Our paper Social Media Networks, Fake News, and Polarization (w/
@marcos_ross_f
) has been conditionally accepted at the European Journal of Pol Econ! Let me tell you a few cool things about it🧵1/n
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Manuel Amador talking about Govt Debt Swaps and Leo Martinez about borrowing w Exclusivity
Intense
#CoreWeek
@RichFedResearch
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An elegant Natalia Kovrijnykh opens the second day of
#WomenInMacro
w/
“Building Credit Histories”
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Powerful message by Christine Lagarde for Women in Economics.
@afogli001
@caterinamendic2
@helene_rey
#WomeninMacro
@WomenInMacro
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With my COVID-advisees. One year after we started the group, we finally met IN PERSON, fully vaccinated, and unmasked.
What a day 😃
@Yolanda54084346
@SBUeconomics
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This so worth reading. Happy to see
@JohnHCochrane
think deeply about this.
#WomenAllies
With trepidation, some thoughts on how to increase the number of women in economics
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Hi
#econtwitter
, in the spirit of taking care of each other, we've created the "COVID-Advisor"
@SBUeconomics
Each prof meets on Zoom w/ a small group of grad students every week to chat about research, teaching, and life. If you do something similar DM me. Take care
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Let’s talk about your paper...in a much more enjoyable setup :)
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I'll be interviewing
@fatihguvenen
for the RED Newsletter.
Wanna know anything about the Global Income Dynamics Project or his research? DM me!
#EconTwitter
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The 2yo twins meet a boy called Tommy last week, first in five months of quarantine. I took them to the beach yesterday and they yelled excitedly: ‘tommys, many tommys!’
It’s like a whole new category of humans now 🤣
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Check out the "Women in Economics" podcast from the
@stlouisfed
, where we discuss our initiatives w/ the AWE Center🤩
Learn more about the Center:
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The
#AWE_Center
launched a Directory of Women in Economics. Search names, affiliation, and fields of women economists doing research @ the 12 regional Feds.
Board + Universities in the US coming in 2024. Stay tuned!
@WomenInMacro
@AEACSWEP
#AWE_Center
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For example, with utility companies, they just cut down electricity for a few hours. As long as you don’t open the fridge and don’t need to plug anything, you can really afford it!
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Next time I teach inter-temporal decision-making in macro , I’ll have a beta_M and a beta_R
😂⚽️
David Beckham took a 70% pay cut to move to the US in 2007. Now he's worth $500 million.
Messi turned down $400 million from Saudi's Al Hilal and went to Miami for far less money...
But they gave him an ownership stake, a penthouse in Dezer's Bentley Residences, and put his
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Getting ready for the Second Women in Macro Conference @ BFI!! - …
@BeckerFriedman
@afogli001
@UChicago
@MinneapolisFed
@stonybrooku
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Only 3 days to the Women in Macro Conference!
Register below, and (virtually) see you there!
REGISTER: This year's virtual Women in Macro Conference features the work of influential economists from around the world in the field of macroeconomics.
Registration is open for the virtual conference on 9/24.
#WomeninMacro
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Congrats Gita Gopinath!
For those claiming academics are not relevant in policy. Here is a perfect counter-example. Gita is not only an amazing economist, she is changing the world.
The Bloomberg 50: Gita Gopinath became the International Monetary Fund’s first female chief economist in January. Congrats Gita!
via
@BW
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