Promoting a fun finance conference again!
Submit your work to the 13th HEC Montréal--McGill Winter Finance Workshop, 5-7/3/2026 in La Malbaie, Québec.
Deadline: Nov 23
Have a look at past programs here: https://t.co/VQmhzOIWNr
Submit your paper here: https://t.co/gmd8egKg5W
Examining whether the rapid rise in student loan balances has reflected better-off borrowers, from @sc_cath, @MehranE6790, and Constantine Yannelis https://t.co/xdgI6tvHfB
@Fabercore In the IPEDS/header file (hd2021, e.g.) there is a code, named opeid for each institution ID; The opeid with last two digits = “00” means this is the mother campus. All institution IDs with the same digits before the last 2 belong to the same multi-campus university.
The deadline to apply to the structural summer school I run with Luke Taylor and Stephen Terry is March 30.
This year it's in person at Wharton.
Here is the link!
https://t.co/kCRb1kKlXY
🧵A long pause in student debt payments during a high inflation period is like forgiveness since the debt value decreases in real terms. This is the classical effect of inflation on nominal debt. But there is something special about student debt that makes it quite regressive.
Looking forward to presenting "The Implications of Financial Frictions with International Trade Barriers" (with @MehranE6790) at NBER IFM this Friday! Many thanks to @WenxinDu and Kei-Mu Yi for including our paper! The program and livestream YouTube link:
https://t.co/oJIE1OGB0S
Amazing what my coauthors can pull off. We think this is a very simple method that can be used to do robustness checks in structural estimation. We apply it to two classic finance models. happy to hear your thoughts
Tagging @MehranE6790 who is now on Twitter.
How much will WH promised student loan forgiveness cost? Distributional implications? Basic questions. WH press release has no cost estimates. If legislated policy, CBO would score expenditure implications. Shouldn’t disclosure standards be at least as high for executive branch?
@toniwhited@sc_cath If the data moment lies on (or near) the flat region in one of these plots of m vs. p the “true” SMM doesn’t work either. m wouldn’t identify p…
🧪New Working Paper🧵
with @MehranE6790, @DSraer, @dthesmar
1⃣ We propose a simple inexpensive approach to better understand structural models. We apply our method to illustrate identification, robustness to moment selection and model misspecification.
https://t.co/Z2NXJOByCY
…they will not have to repay the marginal dollar, if they earn the same; e.g. more subsidized loans doesn’t induce better education & better outcome, which I know is indeed the case: https://t.co/fSgEzWvQmo
4⃣ How can we not anticipate the distortionary effects of such a policy? Student will be encouraged to take more debt since they will not have to repay the marginal dollar, and colleges will have an incentive to further increase tuition.