Spatial errors are a potential problem in applied economics. If u use cross-sectional data, but neighboring observations are really similar, you overstate the confidence you can have in your results. The problem is not new. Recently, some new methods have allowed us to tackle
We must act now.
AI capabilities are advancing far faster than our understanding of the economic implications.
We must act now to guide AI to complement humans rather than simply imitate them — and to generate prosperity for the many, not just the few.
I'm delighted that 16 Nobel Laureates, over 200 top economists, and top AI researchers agree and signed our statement on transformative AI.
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Over 70 years and across the globe, falling birth rates haven't slowed growth. Scarcity of young workers spurs labor-saving innovation, raising GDP per working-age adult and wages, from @DAcemogluMIT, @davidautor, Keelan Beirne, and Andrew Scott https://t.co/ipvrw0OdpG
VAR Toolbox v4.0 is out 🚀
https://t.co/zPgvUmawwM
A collection of MATLAB codes for VAR analysis—estimation, identification, IRFs, variance and historical decompositions.
v4.0 is a major overhaul: new identification schemes, LPs now in the toolbox, and a long-promised handbook.
Short thread with details below 👇
Need help with Difference-in-Differences? Meet ChatDID: a GPT specialized in modern DiD methods and the de Chaisemartin–D'Haultfoeuille estimators and software packages.
Try it here:
https://t.co/nl2fiqBP7z
Lamine Yamal ha celebrado su primer gol en un Mundial haciendo el código postal (304) del barrio obrero de Rocafonda en el que ha crecido y que la ultraderecha de VOX llama "estercolero multicultural". Enorme.
Hi #EconTwitter!
Interested in #microeconometrics & causal inference?
Damian Clarke's (@UniofExeter) 𝐀𝐩𝐩𝐥𝐢𝐞𝐝 𝐌𝐢𝐜𝐫𝐨𝐞𝐜𝐨𝐧𝐨𝐦𝐞𝐭𝐫𝐢𝐜𝐬 is out! The website is free, open and very cool, with lots of code/data in #R, #Python & #Stata.
Useful for grad students!
“Un buen amor es siempre contradictorio: si en cambio es lineal, tarde o temprano explotará, se romperá, o terminará en la aridez, que es el naufragio del amor.” Raffaele Morelli
Estamos buscando 65 personas en toda España con talento, inquietud y capacidad que estén dispuestas a abordar los nuevos retos a los que nos enfrentamos los bancos centrales. ¡Tú puedes ser una de ellas!
Las personas seleccionadas recibirán un curso formativo-selectivo de nueve meses, con un temario que incluye formación en asuntos monetarios y financieros, enfocado en las tareas de los bancos centrales y en la aplicación de la IA y los datos a estas funciones.
Durante el período de formación recibirás una beca y después podrás optar a un puesto de personal técnico en el Banco de España, con un salario de entrada de 43 mil euros.
Para acceder al programa de formación solo necesitarás los conocimientos adquiridos durante el grado: la selección inicial tendrá lugar en la primera quincena de Julio y se basará en pruebas de razonamiento y de conocimientos en economía y estadística.
El proceso de inscripción está abierto hasta el 8 de junio. Esta puede ser tu oportunidad. No la dejes pasar.
Consulta las bases e inscríbete ya 👉 https://t.co/OLXvaLonYU
Contamos contigo ¡Literal!
What is a psychological theory? Here's our take on this tricky and controversial question in this week's Experimentology chapter summary.
Many things called "theories" in psychology aren't actually theories — they're frameworks.
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Local projections are surprisingly robust to misspecification. By contrast, VAR confidence intervals with short-to-moderate lag length can severely undercover for misspecification that is small, difficult to detect, and cannot be ruled out a priori.
https://t.co/rFObJ2dWfN
🎙️ First Calvo Lecture
We are pleased to launch the Calvo Lecture Series with @IvanWerning (MIT), introduced by @SFGaliani:
“On Inflation: A Look From Above, Backwards and Forwards”
📅 May 22
⏰ 12:00 PM (EDT)
💻 Live on Zoom (no registration)
🔗https://t.co/hsWLaZdifN
"The perfect is the enemy of the very good."
Joel Mokyr gives some important advice that can be applied to most subjects aside from mathematics – don't expect perfection. He says he does his best, acknowledges what he does not know and moves on.
Mokyr was awarded the 2025 prize in economic sciences for having identified the prerequisites for sustained growth through technological progress.
Watch our full interview: https://t.co/vXnLKNsHEZ