In our paper, we argue that pure panic narrative of a financial crisis depends crucially on the nonexistence of outside capital. If people know that the run is due to pure panic, outside investors have a huge incentive to invest and make tons of money.
https://t.co/wzPGJlAS3c
Looking forward to @HCD342 presenting our paper, “Dominant Currency Pricing and Currency Risk Premia,” in the Dominant Currencies Session. Comments and feedback are warmly welcome!
New working paper: "Navigating Motherhood: Endogenous Penalties and Career Choice" joint with Husnu Dalgic(@HCD342 ) and Yasemin Ozdemir.
We study the link between job sorting, fertility and motherhood type, using Dutch administrative data.
https://t.co/cmtyAmQpoe
@maxgoedl@VARulle This is how I derive GDP equation in class,
GDP = C^d + I^d + G^d +X^d
C = C^d + C^m (...)
GDP = C + I + G + X - (C^m + I^m + G^m + X^m)
GDP = C + I + G + X - M
I'm thrilled to see this tweet! I learned a lot from comments by the editor and the referees.
It all started with me knocking on the door of @gprimice to tell him "I think I have a good idea".
I find this sentence from the abstract highly problematic
"infrastructure spending can raise support for autocracy"
People like infrastructure and certainly it can also raise support for democracy. If anything, it should tempt politicians to invest more in housing and roads
@dandolfa There could be an argument that chronic trade deficits are bad and need to be addressed but trying to close bilateral deficits with every single country is just nuts.
@alz_zyd_ Some people basically worked for 25 years and drew pension for 35
Some people kept working on the side while drawing pension
Governments can't decrease pensions because they are persistent voters and they have nothing to do at home so they protest
I stopped reading The Economist when I realized how shallow their coverage of Turkey is—calling a cult leader a "scholar"? How can I trust their insights on Asia or the Middle East after that?
Through his teaching, Fethullah Gulen became the second-most-powerful man in Turkey, with only President Recep Tayyip Erdogan surpassing him. But for the last years of his life, the scholar-preacher was a wanted man in exile https://t.co/zdaPggJM2V
Photo: Getty Images