Thank you, Luca!
If you are interested in the Fed's swap lines, their macro implications, and the incentives behind the intervention, feel free to check out my JMP (https://t.co/GcEUuLziMt) or reach out to me directly!
The United States as the International Lender of Last Resort: very cool paper by @diegoebm (https://t.co/2hP6k302cb), who is on the market this year. This paper suggests that the US, rather than the banker of the world, really acts as the world's central banker. Check it out!
Very excited about the NBER IFM Spring meeting in Boston tomorrow!
I'll be presenting our new paper "Industrial Policies, Global Imbalances and Technological Hegemony" https://t.co/s0bLi810xj
Full program and link for live stream here: https://t.co/vUOvnpN38N
So glad to see this paper forthcoming in the AER. I learned a lot by working on it, and collaborating with @Federomei1 is always fun. Thanks a lot to the editor, the referees and everyone else who gave us useful suggestions. Special thanks to @diegoebm for excellent r.a. work!
New episode! Luca Fornaro on Hysteresis, Endogenous Growth, and Aggregate Demand Polices
Luca Fornaro and David Beckworth analogize how the phenomenon of hysteresis impacts an economy.
Deeply honored to receive a @ERC_Research Consolidator grant!
The MACROGROWTH project will shed light on how monetary and fiscal policies should be designed to ensure that new, and potentially disruptive, technologies deliver higher productivity and widespread welfare gains.
Hi #EconTwitter! Believe it or not, I’m on the Econ/Finance job market this year at @ImperialBiz.
My JMP studies the role of information in safe asset liquidity crises and is joint work with @RobertCzech8 from the BoE.
🚨A quick summary thread🚨#EconJMP https://t.co/kEiaOdBYvg
The Data Economy - a graduate textbook, complete with questions, answers and slides (on request) -- is now available on Amazon for pre-order. Release date is January 14. https://t.co/qUSo8i39xO or
https://t.co/xAoR2U7hGu
#econtwitter#dataecon#finance
Glad to see The Global Financial Resource Curse forthcoming in the AER!
In a nutshell, this paper provides a framework to study jointly macroeconomic policies, capital flows and global productivity growth; leading to some surprising, but empirically sound, predictions.
🚨New working paper🚨
"𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐅𝐢𝐫𝐦 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 𝐰𝐢𝐭𝐡 𝐃𝐚𝐢𝐥𝐲 𝐃𝐚𝐭𝐚" with @almostcertainly
We study how firms respond to macro shocks during post-pandemic inflation.
Paper: https://t.co/tnrLoRyQn0
Talks: @unipv Macro Forum & @VfS_econ
This is spot on. Cheap imports and capital inflows from China are likely to hurt US productivity growth, a sort of "financial resource curse".
But cheap capital inflows can help US government to finance industrial policies, thus reversing the curse.
I am very excited to see my paper "The geographic effects of carbon pricing" published in the EER!
Here is the link to the paper: https://t.co/4dIyZbu3H1
Only a few days left to submit to this amazing workshop!
This year's focus: secular trends and structural factors in international macro and finance 🔥
Keynote: Andrei Levchenko 🤩
Submit here 👉 https://t.co/sIo701D5lZ
@AydanDogan
@lulucarpi
Julia Schmidt
Daniel Ostry
🚨 Call for Papers 🚨
We are also organizing in December at @fenuchile the Dev Macroeconomics/ Int Trade workshop. Send us your paper and join us in Santiago!
🚨Fully in person seminar🚨
Tomorrow Wednesday 6th at 11:30 am (GMT-3:00) we will have Humberto Martínez (@decon_uchile) at the @bcentralchile presenting his work titled “Capital Controls on Outflows: New Evidence and a Theoretical Framework”.