Jae Hoon Choi

International finance economist at Xavier University

[Arvind Narayanan @random_walker]

I know grad school is competitive, but being offered a bribe by an applicant was unexpected.

I wonder how often this succeeds.

[Pierre-Olivier Gourinchas @pogourinchas]

A year ago, hiking Machu Picchu via the Sun Gate with ⁦@itskhoki⁩ and ⁦@helene_rey⁩. It hurts...

[Hélène Rey @helene_rey]

Words fail. Emmanuel... So brilliant, so cultured, such a nice friend. So much to contribute. Immense sadness.

[Gita Gopinath @GitaGopinath]

Still struggling with the untimely death of my dear friend and @Harvard colleague Emmanuel Farhi. He was a genius, kind, modest. A future Nobel laureate. Deeply thankful for 14 years of conversations, shared meals. So badly wish for more.

[Hyun Song Shin @HyunSongShin]

6.6 trillion dollars per day: one number to bear in mind from the BIS triennial survey

[Dahyeon Jeong @dahyeon_jeong]

Apply for a RA position at @poverty_action in Malawi to evaluate one of the largest cash transfer programs with me and other awesome PIs, @jmrtwentytwo, @acspearot, @shilpa_555, and Jenny Aker. #econtwitter

https://t.co/td1vN55NGw

[Jay C. Shambaugh @JayCShambaugh]

If you will be in the Bay Area 10/23, stop by Stanford to see a terrific event discussing economic policy options to combat climate change. A @hamiltonproj event, done jointly with @SIEPR A terrific cast of leading climate economists and policy makers. Register at link below.

[Jay C. Shambaugh @JayCShambaugh]

With today's GDP release: we are getting unusually consistent signals as to how fast the economy is growing over the last 4 quarters:
GDP: 2.3%
GDI: 2.3%
PDFP: 2.4%

We're growing at a reasonable pace, not unusually fast. The same as the average growth rate since 2010, (2.3)

[Jay C. Shambaugh @JayCShambaugh]

This from @Brad_Setser is dead on. Attacking China and raising risk simply makes more people buy dollars and sell RMB. It’s also worth noting that China does not meet the rules set out for being designated a manipulator. It’s intervening to strengthen not weaken the currency.

[Hélène Rey @helene_rey]

Except for a small net purchase in February, China has now sold Treasuries every month since September 2018.

[Paul Krugman @paulkrugman]

A new paper on the impact of the Trump tariffs is getting a lot of justified buzz. The main message is, no, Mr. Trump, foreigners aren't paying the tariffs; American consumers are footing the bill https://t.co/owRQm28ZAl

[Jay C. Shambaugh @JayCShambaugh]

ICYMI yesterday, we at the @hamiltonproj have just put out a new interactive tool that lets you explore economic vitality across counties in the US. The gaps across places are striking and should be motivating policy action. #regionalinequality https://t.co/15Ui2R8Z7i

[Jay C. Shambaugh @JayCShambaugh]

Fun thread from @bencasselman on gdp stats. My only complaint is it did not explain how 2017:q4 growth matters a lot for the annual average 2018 growth but not for the q4/q4 2018 growth. That’s where the real fun in these numbers is ...

[Jay C. Shambaugh @JayCShambaugh]

The idea that Spain is past full employment despite an unemployment rate close to 15% should be seen as silly on its face, but its the stated position of many intl orgs. Kudos to @RobinBrooksIIF for pushing this point.

[Atlanta Fed @AtlantaFed]

On Feb. 14, the #GDPNow model nowcast of real GDP growth in Q42018 falls to 1.5%. View GDPNow for more details. https://t.co/XIsWEUPxby

[Nouriel Roubini @Nouriel]

In which way has the new alleged JPMorgan crypto coin anything to do with blockchain/crypto? It is private not public, permissioned not permissionless, based on trusted authorities verifying transaction not trustless, centralized not decentralized. Calling it crypto is a joke

[Jay C. Shambaugh @JayCShambaugh]

As more people worry about wobbles in the global (and European) economies, @Brad_Setser reminds us that the obvious answer is fiscal stimulus from Germany. Low recent public investment, slow growth, weakening exports, all point the same way https://t.co/sAn2hy2L4n

[Michael Grunwald @MikeGrunwald]

R's: Clinton is blowing up deficit!
Clinton eliminates deficit.
Bush wins.
Bush blows up deficit.
Cheney: Deficits don't matter!
Obama wins.
R's: Obama is blowing up deficit!
Obama reduces deficit.
Trump wins.
Trump blows up deficit.
Mulvaney: Nobody cares about deficits!

[Jay C. Shambaugh @JayCShambaugh]

As the President talks about immigration in the #SOTU it's worth reading about the important impacts immigrants have on the US economy, driving growth and innovation. See our @hamiltonproj 12 facts about immigration here:

https://t.co/bVH7bgWYGo

[Nouriel Roubini @Nouriel]

Crypto Exchange Says It Can't Repay $190 Million to Clients After Founder Dies With Only Password https://t.co/Cc2cFujnbR via @gizmodo