Interesting note by Krugman. But is it true that fast growing economies typically attract capital inflows and run trade deficits? A 🧵 on a recent literature challenging this notion, and on why China's trade surpluses could be a problem for global productivity growth.
This Grothendieck quote is the best-kept secret about mathematics:
Always start with your naive intuition, even if it’s plainly dumb, and then refine it by asking a barrage of “stupid” questions. Waiting in silence until you “get it right” will only lead to paralysis.
The October issue of the JME is out
Happy to see our paper 𝐌𝐚𝐜𝐫𝐨𝐩𝐫𝐮𝐝𝐞𝐧𝐭𝐢𝐚𝐥 𝐏𝐨𝐥𝐢𝐜𝐲 𝐰𝐢𝐭𝐡 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬-𝐁𝐚𝐬𝐞𝐝 𝐁𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 𝐂𝐨𝐧𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬 published there!
This is joint work with my great coauthor @EconSehoKim
https://t.co/SVenVx2Ecy
Too lazy to read a paper, but wishing to see it presented by its authors? If you feel like me, here is a video where I present my paper on « the trilemma for low interest rate macroeconomics ». https://t.co/4DkCvGbYPj
This paper confirms the intuition some of us might have and is really interesting!
"when many countries accumulate reserves, the induced general equilibrium effects weaken financial and macroeconomic stability"
Full paper by E Mendoza and V Quadrini:
https://t.co/IZmBP5im8D
Delighted to release this paper on Auten & Splinter’s work, painstakingly going through their code & assumptions
https://t.co/xmhGWDwOcv
We uncover key mistakes—and show that once fixed, their methodology implies the same rise of inequality as in Piketty-Saez-Zucman
🧵
Attention recent PhDs and advanced doctoral candidates in the social sciences! Apply to our Academy Scholars Program for a two-year, in-residence postdoctoral fellowship—with stipend. Application deadline 9/20/24. Spread the word! https://t.co/R6c7KfFuXr
We are looking for four PhD economists to join the @wto ‘s Economic Research and Statistics Division. Please take a look at the following link for more information about this exciting opportunity: https://t.co/sb4RtFerko
🌎Thank you to @elsevier and all who attended the International Economics Summer School. We hosted students for 3 rigorous days on international economics & trade taught by Yan Bai, Swati Dhingra, Amit Khandelwal, Dmitry Mukhin, Pablo Ottonello, and Steve Redding #JIESummerSchool
Claudia Goldin's @PikaGoldin@NobelPrize Lecture published in the latest issue of the American Economic Review @AEAjournals
Inspiring read, as always, !
https://t.co/AeQQTVyso4
Very nice overview!
The Importance of Central Bank Independence
"Central bank independence separates monetary policy from fiscal policy and thus protects political leaders from the temptation to erode the value of public debt through inflation."
https://t.co/CXcWZaLvFj
"… research requires failure. But constant failure drags you down. A mind whose only intake is failure cannot possibly produce anything resembling happiness. Ultimately, your life is your project—not the other way around." #ScienceWorkingLife https://t.co/ptxdbCRA3m