Department of Economics PhD Candidate Miguel Santana’s research interests are Macroeconomics, Behavioral Economics. Learn more about @msantanafreire & other Northwestern Economics Job Market Candidates at https://t.co/ZCkpPN8e8z
We revised our paper on how to design policy to address the large influxes of foreigner residents that are transforming housing markets in several global cities
See 🧵below!
Here’s a revised version of “Foreign Residents and the Future of Global Cities,” written with @jptguerreiro , @Pedro_P_Teles , and Miguel Godinho de Matos. It has cool new results and a new empirical section on the Lisbon real estate market.
https://t.co/xYBaqh1WIZ
To neutralize the effects of technological progress in pricing, we could restore the menu costs by taxing retailers every time they change prices...to ensure sufficient price stickiness,.. and protect the future of New Keynesian macro in the 21st century :)
Kamala Harris promises to bring down the prices if she's elected president. Why doesn't she just do so now? She's part of the very same administration that caused grocery and gas prices to skyrocket. Try not to think too hard about it.
Kamalanomics is just Bidenomics rebranded.
A new paper on Regulating Artificial Intelligence with Joao Guerreiro and Pedro Teles. Our first step into thinking about a difficult but important topic. Comments are welcome, but only from humans, please : )
https://t.co/VE3cTiXkfi #AI
New CEPR Discussion Paper - DP18414
Taxes and Migration Flows: Preferential Tax Schemes for High-Skill Immigrants
João Brogueira de Sousa @NovaSBE@NOVAunl Pedro Teles @Pedro_P_Teles@bancodeportugal @CATOLICA_LISBON
https://t.co/rOBJI93lCJ
#CEPR_IMF, #CEPR_MG
Optimal policy toward foreign residents involves implementing transfers to internalize agglomeration and congestion externalities but not restricting or taxing home purchases by foreign residents, from @jptguerreiro, @SergioRebelo6, and Pedro Teles https://t.co/VGNzGcwsSB
A new paper, “Remote Work, Foreign Residents, and the Future of Global Cities,” with João Guerreiro and Pedro Teles studies optimal policy toward the flow of foreign residents transforming housing markets in many cities across the globe. https://t.co/xYBaqh2uyx Comments welcome!
Before going to Chicago in 86, Bob King was in Portugal, had a meeting with students and said that reading Understanding Business Cycles was a religious experience.
How does an increase in the nominal interest rate impact inflation? Authors find it depends on whether increase is temporary or permanent. Temporary increase leads to temporary disinflation. Permanent increase in nominal rate leads to permanent increase in inflation.
A new paper by João Valle e Azevedo,João Ritto,Pedro Teles on the neutrality of nominal interest rates has been accepted in the IER. Check it out here: https://t.co/ThbpArwGvC