Jacob Weber

Economist @NewYorkFed interested in macro, monetary policy, and economic history. PhD @berkeleyecon, former RA @ChicagoFed; all views expressed here are my own.

[Alex Mechanick @apmechan]

Are you a researcher who wants to know how to influence regulatory policy?

New from Jeff Shrader and me for the @BrookingsInst: how economics (and really almost all) researchers can improve regulations. [1/3]

[Jacob Weber @jacobpweber]

Yesterday the NY Fed announced publication of the HPW Index, a new labor market tightness measure to be updated monthly after each JOLTS release. The theoretical motivation is based on a model I developed with @seung_econ and @JustinBloesch; check it out!

[New York Fed Research @NYFedResearch]

Today we begin regular publication of the HPW Labor Market Tightness Index. The index incorporates the job search behavior of both unemployed and employed workers, as most hires come from other jobs, not unemployment.

#AMEC #HPWIndex

https://t.co/3swsWDv2UG

[Silvia Miranda-Agrippino @_SiLviA_mA]

‼️ The NYFED is hiring ‼️

Candidates with expertise in monetary/international macro & econometrics/time series

Come work with a fantastic group in wonderful NYC 🗽🤩

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https://t.co/4Ukyfs7JR1

#EconTwitter @NYFedResearch @EconJobMarket

[Jacob Weber @jacobpweber]

My paper showing that financial distress induced US firms to sell technology to the USSR during the interwar period is forthcoming at Explorations in Economic History! Draft available below; data available on openICPSR.

[New York Fed Research @NYFedResearch]

Who Collaborates with the Soviets? Financial Distress and Technology Transfer During the Great Depression

By Jerry Jiang and Jacob P. Weber

#AMEC

>>> https://t.co/xZ3PnJZx4W

[Jacob Weber @jacobpweber]

Nice to see the NY Fed president reference my work with @jeremygpearce and Sebastian Heise on measuring labor market tightness!

The theory underlying our approach is based on joint work with @seung_econ and @JustinBloesch

https://t.co/jkmzjibMFo

[Jeremy Pearce @jeremygpearce]

Good measures of labor market tightness are essential to predict wage growth. Our blog develops a new index that highlights the importance of incorporating all job searchers, not just the unemployed. The new index shows tightness has fallen to 2018 levels. @jacobpweber + S. Heise

[Justin Bloesch @JustinBloesch]

Paper thread time! "Do Cost-of-Living Shocks Pass Through to Wages?" with @seung_econ and @jacobpweber.

Main takeaway: if firms set wages and workers search on the job, pass-through of cost of living to wages is negligible.

https://t.co/R8EIKO0QB4

[Jacob Weber @jacobpweber]

My first blog post is up today, arguing that when workers aren’t unionized and firms post wages (as in the modern US) inflationary shocks don’t cause nominal wages to rise. Based on new work with @JustinBloesch and @seung_econ

[New York Fed @NewYorkFed]

In today's post, the author revisits the relationship between inflation and wages and finds that when there is an unexpected jump in prices, nominal wage inflation is largely unaffected, which means that real wages fall. https://t.co/MJTE27qaoX