I'm very grateful to the Graduate Committee @UH_Econ for their support and recognition.
This award is a big encouragement as I continue developing my research. #econtwitter
The 2024-25 Dr. Walter J. Primeaux Jr. and Natalie A. Primeaux Scholarship is being awarded to Sterre Kuipers & @jarive29. This scholarship is awarded by the Graduate Committee to the 4th yr student whose research is most promising and has made most progress. Congratulations !
How can we use macro and micro data jointly to discipline HANK models? Florian Huber, Gary Koop, and I address this in “Beyond Aggregate VARs: A Bayesian Benchmark for HANK Models”.
https://t.co/tZdrmE3WF3
Super interesting!
"A History of Macroeconomics" by Francesco Sergi, Beatrice Cherrier, Aurélien Saïdi, Pedro Duarte, Aurélien Goutsmedt, Matthieu Renault, and Juan Acosta.
"The history of macroeconomics outlined in this book is dense and complex. This mirrors both the flourishing historical scholarship and the richness of the subject itself. Yes, macroeconomics is complicated and hard (much more than usually acknowledged in macroeconomics textbook narratives). But this is a good thing, especially as it results from the sheer diversity of topics, of theoretical and methodological patterns, and from the entanglements with other fields as well as policymaking. And yet, the chronology that we offer (birth, bridges, frictions, constellation) helps navigate such a complex story by pointing to our main takeaways. We believe that the different audiences of macroeconomics deserve such an evidence-based, encompassing history, and that our history should, and can, be integrated into macroeconomics textbooks."
https://t.co/ps6Db8cbNp
Global bond markets are on fire. Every day yields rise in one place or another. Biggest mover today is Japan, where 10y10y forward (red) is up 10 bps. That spills over to everywhere else and pushes yields up globally. We're witnessing a global sell-off...
https://t.co/GRXneqxjUD
🚨New slides🚨
Finally finished the short version of my slides:
"The Blessings of Overparameterization:
Applications in Solving Economic Models"
Slides:
https://t.co/wxH9MoohpQ
Comments, questions, and feedback are very welcome.
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!
I want to take a moment to defend calibration. A common critique of macro by non-macro people centers on the supposed lack of scientific rigor associated with calibration of models. 1/10
PhDMacroBook is a superb new graduate textbook for first-year PhD sequences in macroeconomics. In case it would be of any use, we curated (with plenty of assistance from LLMs) some supplementary materials here: https://t.co/CKV69D9YI7 #EconTwitter
I am really thrilled to see this article finally in press!
👉https://t.co/xZrgJojYRx
The paper is a survey on Heterogeneous Agent (New Keynesian) models [HA(NK)].
It reviews (i) selected key mechanisms in HA(NK)s models and why we should (or not?) care and ...
1/5
We show how to solve dynamic programming problems on a quantum annealer. Our new algorithms recover value and policy functions, avoid scaling bottlenecks, and already run on current hardware. We even solve the real business cycle model on a quantum chip.
https://t.co/bp73JqUSqD
We are pleased to announce version 3.4.1. of the Macroeconomics Model Database (MMB), which includes 169 macroeconomic models in total. This version expands the database with eight new models featuring energy markets and international trade policy.
https://t.co/RashFV3lfp
Dynamic Programming by Thomas J Sargent and John Stachurski
Provides a rigorous and unified presentation of recent advances in dynamic programming, along with code, algorithms, and many applications.
📚 https://t.co/5k26qTjsj5
New blog post by Chris Boehm:
𝐌𝐞𝐚𝐬𝐮𝐫𝐢𝐧𝐠 𝐋𝐨𝐜𝐚𝐥 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭𝐬: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐢𝐧𝐠 𝐭𝐡𝐞 𝐏𝐋𝐄𝐗𝐓 𝐃𝐚𝐭𝐚𝐬𝐞𝐭
Link:
https://t.co/w9r8wD0y9s
Short summary ⬇️
🚀 Draft chapters my forthcoming MIT Press book:
𝗛𝗲𝘁𝗲𝗿𝗼𝗴𝗲𝗻𝗲𝗼𝘂𝘀 𝗔𝗴𝗲𝗻𝘁 𝗠𝗮𝗰𝗿𝗼𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝗰𝘀: A Tractable New Keynesian Framework
A modern, analytical roadmap to TANK & HANK models for researchers, students and policy institutions
https://t.co/La1oqEmGEY
👇
Siguiendo la demanda (no tan) popular, lancé un Substack. Empiezo con una explicación del riesgo país —qué es, cómo se calcula y por qué es importante— y cómo se le pone precio al riesgo de default en el mercado de bonos. Link en el post de abajo.
New data drop! 📊
A new extension of the Global Tariff Database is now available, covering the U.S. trade war (2018–2025) 🇺🇸🌏
It includes bilateral tariffs — those imposed by the U.S. and those faced by U.S. exporters — tracking all changes from Jan 2018 to mid-Aug 2025.