Recently accepted by #QJE: “The Macroeconomic Impact of Climate Change: Global Versus Local Temperature,” by Bilal (@AdrienBilal) and Känzig (@drkaenzig): https://t.co/QRs0mFCKma
How can we leverage existing results that use cross-sectional identification to estimate aggregate effects?
Felipe Schwartzman (@MacroInPieces), Naoya Nagasaka, and I address this problem in our new paper “Estimating the Missing Intercept”.
https://t.co/nNbkMesAYu
A puzzle of the "Great Inflation" of 2021-24: Why did U.S. house prices stay so resilient while those in Sweden & Canada saw sharp corrections? 🏠🤔
We argue in our new @cepr_org DP that a huge part of the answer lies in the type of mortgages people have
https://t.co/yJ8kiMK79b
Unspeakably excited to share HANKSSON, joint work w/ (lucky me!) @sigurdgal@RefetGurkaynak M. Mæhlum K. Molnar
A key question of the HANK literature:
Does (household) heterogeneity amplify the aggregate effects of demand policies and shocks?
Well ... 1/n
https://t.co/RgdJyrlDZC
📣New working paper: "Tariffs and Monetary Policy"
⏺️I study the effects of tariffs in a workhorse New Keynesian open economy model
⏺️ Key insight: the effect of tariffs depends crucially on the endogenous behavior of monetary policy
#econtwitter
👇
Recently accepted by #QJE, “Micro MPCs and Macro Counterfactuals: The Case of the 2008 Rebates,” by Orchard (@JacobOrchard5), Ramey, and Wieland (@profwieland): https://t.co/KW8rGLG4r6