Duke economics professor. Answering macro questions with micro data. Productivity, firm dynamics, economics of uncertainty. Open mind, asking for the same.
@NobelPrize Exciting news coming out of Stockholm today! Was fortunate enough to have a teacher as intellectually stimulating as inspiring as Joel Mokyr. Thanks to the economic history requirement at @NorthwesternU econ 😉
BREAKING NEWS
The Royal Swedish Academy of Sciences has decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Joel Mokyr, Philippe Aghion and Peter Howitt “for having explained innovation-driven economic growth” with one half to Mokyr “for having identified the prerequisites for sustained growth through technological progress” and the other half jointly to Aghion and Howitt “for the theory of sustained growth through creative destruction.”
#NobelPrize
Today is a very, very sad day. My colleague Ed Prescott died this morning.
Needless to say, he was one of the great minds of modern economics. Ed influenced many of us in multiple ways. He will be missed greatly.
Call for Papers: 4th European Midwest Micro/Macro Conference (#EM3C). Date: Frankfurt, December 2-3, 2022. Deadline: 30 June 2022. Conference will focus on role of microdata for macroeconomics. Both broadly defined, so please apply and retweet! Details: https://t.co/Kky4RFrvbk
@ThomasPHI2 Are we just jumping between the 2 models, model G for general purpose technologies (electricity, internet, AI, …), model D for incremental improvements?
Some personal news : I’ll be joining @DukeEcon in the fall as AP with my husband (he’s a Twitter lurker, no handle). Sad to leave so many awesome colleagues but excited to meet new ones . T-2 months to bring inflation to 2% 😂😂
Putin's invasion of Ukraine could be the death knell of the entire world order as we know it. But it can be saved, write John Micklethwait and @adwooldridge https://t.co/Isghe1Z9GQ via @bopinion
This week's paper is "How to Build an Economic Model in Your Spare Time", an essay from Hal Varian. While the essay is meant for economics graduate students conducting original research, it contains wisdom that can apply to anyone seeking ideas.
📝 https://t.co/KEtw1yQAF0
@OxfordFrom 1hr of work yielded 6 baguettes (or 0.6€) in 1970 and 11.5 baguettes (or 10.38€) in 2021. That’s almost 6% annual nominal wage growth, which seems a lot. Avge U.S. nominal wages grew just over 4% annually.