For those interested, here are my slides from yesterday's Cowles Lecture at the Econometric Society Meetings @YaleCowles@econometricsoc
https://t.co/HilQnlxMEG
Thanks so much for listening and for the great discussion and comments!
Excited to FINALLY release toughest+most rewarding paper I've worked on...
….we attack a 150 year old Walras question that's gone unanswered, not for lack of trying (Hicks, Samuelson, Arrow; our chances?😱)...
Q: Is the market equilibrium stable or unstable?¯\_(ツ)_/¯
🧵
Another major problem, this time in additive combinatorics, has fallen, this time to humans rather than AI, but using methods related to the AI solution to the unit distance conjecture.
With my great co-authors at @CenTaxUK, we have built a matched worker-to-firm database for the UK: the Business-to-Worker Register.
It covers the universe of UK workers (not just employees) and all UK organisations (not just employers, corporations or private sector).
Short 🧵
Really cool!
"Systemic Banking Crises Database: 1970-2025" by Luc Laeven and Fabian Valencia.
"This paper presents an updated version of the Laeven and Valencia (2013, 2020) database on systemic banking crises, extending the coverage through 2025. The update incorporates new episodes, while maintaining the definition established in previous editions, which emphasizes both significant signs of financial distress and substantial policy interventions. The update integrates textual tools to screen potential candidates that are then further scrutinized to confirm if our definition is met. The database includes information on banking crises episodes during 1970-2025, including starting dates, policy responses, fiscal costs, and output losses. It offers a comprehensive tool for assessing cross-country vulnerabilities and policies to resolve banking crises."
https://t.co/4nSydVP6lF
Congratulations to N. Gregory Mankiw, newly elected Distinguished Fellow. N. Gregory Mankiw is the Robert M. Beren Professor of Economics at @Harvard. https://t.co/zare7g8fVV
A new paper shows that the release of Pirates of the Caribbean was associated with a 38% decline in real-world piracy incidents. The lives saved by Disney are staggering.
A new paper shows that neoliberal austerity policies implemented by the World Bank and the IMF in Sub-Saharan Africa in the 1980s and 1990s were associated with a *20% decline in real incomes.*
The destruction caused by these organisations across the Global South is staggering.