Konstantin M. Wacker

Economist working on #economicgrowth, #growth #econometrics & macro development || Associate prof @UniGroningenFEB || #Firstgen graduate

[Konstantin M. Wacker @KM_Wacker]

I am excited and honored to receive an "Impact Award" from our faculty for my research on economic #growth and the policy impact it created.
https://t.co/dkgmtb3xgo

[Konstantin M. Wacker @KM_Wacker]

Modern trade economists when they have to cover Heckscher Ohlin be like 👇

[Peter Hull @instrumenthull]

two-factor authentication has gotten out of control

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief “When foreign banks bring cash: How financial FDI boosts investment" by Tim de Leeuw and @KM_Wacker (University of Groningen)

📄 https://t.co/InSWpOhAYz

[Konstantin M. Wacker @KM_Wacker]

@jmwooldridge @clintballinger @sancapraro Isn't the current govt exactly that, one cheap random experiment?

[Todd Jones 🦊 @toddrjones]

Japan's Phillips Curve Looks Like Japan

[Konstantin M. Wacker @KM_Wacker]

A short instruction on how to implement #cite in #STATA: https://t.co/DZP106NY3W

[Konstantin M. Wacker @KM_Wacker]

🙌🏼 We have a new way to estimate interaction terms with panel data 🙌🏼, which is better than the standard approach. #cite
Thread on the idea 👇 , more on implementation to follow (1/6).
https://t.co/CtOtqODxH5

[Konstantin M. Wacker @KM_Wacker]

List of the most common "beautiful conference places" in economics.

[Maddie Lee, PhD @m_janelee]

academic conferences are crazy because it’s like Let’s go to the most beautiful place in the world and then look at powerpoints for 12 straight hours

[Konstantin M. Wacker @KM_Wacker]

@KhoaVuUmn ...and how they complain about students doing their work with AI instead of working it out the hard way and learn.

[Jodi Beggs @jodiecongirl]

stata

[Konstantin M. Wacker @KM_Wacker]

@KhoaVuUmn invalid syntax
r(198);

[Konstantin M. Wacker @KM_Wacker]

🙌🏼 We have a new way to estimate interaction terms with panel data 🙌🏼, which is better than the standard approach. #cite
Thread on the idea 👇 , more on implementation to follow (1/6).
https://t.co/CtOtqODxH5

[Konstantin M. Wacker @KM_Wacker]

🎁 BONUS:
-) Standard "robust" inference can be applied.
-) Efficiency loss appears small, even with small T.
-) Second step is OLS - much scope for visualizations and other tools.
(6/6)

[Konstantin M. Wacker @KM_Wacker]

🆗 🆒, what about the interaction effects now?

1. If they are time-varying, just add this interaction on top of unit-specific x effects.

2. If they are not time-varying, project unit-specific coefficients on interaction variable in a second step OLS regression.
(5/6)

[Konstantin M. Wacker @KM_Wacker]

@KhoaVuUmn I agree 0.1%

[Konstantin M. Wacker @KM_Wacker]

@instrumenthull Because we had no records of settler mortality back then.

[Anna Stansbury @annastansbury]

📢now forthcoming in ECMA!

The Class Gap in Career Progression: Evidence from US Academia

Class is rarely a focus of research or DEI in elite US occupations.

Evidence suggests it should be: we find a large class gap in at least one occupation - tenure-track academia...🧵

[Konstantin M. Wacker @KM_Wacker]

@annastansbury Very important research, thanks so much!