George Eckerd

Macro with data. I’m speaking for (often to) myself.

[George Eckerd @g3ontheweb]

Labor market disparities spill into cyclical timing of home purchases and lead to lower returns on wealth for lower-income households:

Unequal Wealth Accumulation over the Business Cycle

https://t.co/1wFfj3WHkL

[The Review of Economic Studies @RevEconStudies]

New paper by Auclert, Malmberg, Martenet, & Rognlie

https://t.co/x4Hy5JjYsj

#REStud
#EconX
#EconTwitter

[Gianluca Violante @glviolante]

We're very excited about this, stay tuned!

[Chris Wheat @chrisowheat]

🚨New JPMorganChase Institute research: How are U.S. midsize firms adapting to 2025’s surge in tariffs and trade policy uncertainty? We analyzed proprietary payments data to find out. #TradePolicy #Tariffs

[George Eckerd @g3ontheweb]

@momin_rayhan My personal favorite confidence interval: r* (Laubach, Williams 2003) https://t.co/xwdu8yZAK6

[Matthew B @boes_]

Oxford Economics report finds employment for 22-27 y.o. college grads in computer science and mathematical occupations is down 8% since 2022: "Recent and experienced college graduate unemployment rates have always been lower than the national average, until now"

[George Eckerd @g3ontheweb]

We released a note today exploring how these patterns relate to broader wealth inequality. Thanks to @chrisowheat for prompting the conversations that led to this piece! Read here: https://t.co/8SM9BBoQxv

[George Eckerd @g3ontheweb]

As context for understanding how recent stock market declines are affecting household finances, it’s worth noting the substantial rise in U.S. households’ exposure to equities in recent years. Notably, investing growth has been strongest among lower-income individuals.

[George Eckerd @g3ontheweb]

@realDonaldTrump Related research https://t.co/f8DyqK9oEr

[Chris Wheat @chrisowheat]

Yesterday, the #JPMCInstitute released two reports that provide new insights into retail investing trends. We explore risk-taking in retail investor portfolios and the behavioral patterns driving investment decisions.

https://t.co/lxApKRYGkc

[George Eckerd @g3ontheweb]

Low-Income Individuals Are Investing a Lot More Now https://t.co/eSy7fav7mK via @wsj

[Jed Kolko @JedKolko]

I was just the Under Secretary for Economic Affairs at the U.S. Commerce Department. Here's the economic research that was really helpful to us.

(Thank you @mattyglesias for the opportunity to guest-post!)

https://t.co/u3qbrTpM2O

[Felix Geiger @Flx_Geiger]

Timely data for Distributional Wealth Accounts (DWA) of German households?
➡️here you go with the new QUARTERLY dataset provided by @bundesbank
➡️combines household survey with macro balance sheet data augmented by rich lists
➡️highly valuable for macro analysis
🧵\1👇

[Ethan Mollick @emollick]

The age at which scientists or inventors achieve their moment of genius increasing: Half of all pioneering contributions in science now happen after age 40, it used to be younger.

Why? There is much more to master before making a contribution to a field. https://t.co/xOxUhNr3nQ

[George Eckerd @g3ontheweb]

Countercyclical monetary policy helps, but an overall implication of the model is the tradeoff between tight labor markets (good for redistribution of income) and elevated asset prices during booms (worse returns on wealth for those with more cyclical income).

[George Eckerd @g3ontheweb]

Labor market disparities spill into cyclical timing of home purchases and lead to lower returns on wealth for lower-income households:

Unequal Wealth Accumulation over the Business Cycle

https://t.co/1wFfj3WHkL

[George Eckerd @g3ontheweb]

Adding leverage to the model (a nonlinear global two agent DSGE) enables faster wealth accumulation in early stages of recoveries but leads to fire sales in downturns when access to borrowing dissipates.

[Jonathan A. Parker @ProfJAParker]

As an economist, I know that most bus engines are replaced due to Rust.

[Ben Moll @ben_moll]

Here are my slides:

https://t.co/tDsXZ880aw

Thanks so much for listening and for the great discussion and comments!