Today marks two years since I joined the macro group @FU_Berlin. I am greatfull to @gehrke_b for giving me the opportunity to be here. Excited for the next four years ahead!
What I worried about has happened. A completely unequal “deal” between the US and the EU. Have no doubt: asymmetric 15% tariffs are a EU defeat.
When the law of the jungle prevails, the weak have little choice than to accept their fate. But Europe could potentially have been strong, either alone or in a coalition with others. It would have had to be ready for stormy waters. But it would have gotten a better deal in the end and sent a strong message to the world. An opportunity lost.
The academic job market is bad and will likely get worse. Research job openings have dropped sharply, just as economists laid off from government roles are flooding the market. Current PhD students should have candid conversations with their advisors about their prospects. If prospects aren’t strong, pivot immediately toward networking and interview prep. A major advantage of the PhD is that you can start working even before graduation—use this strategically, because the formal, structured market is in tatters.
Expansionary monetary policy pushes up both house prices and rents in Germany!
Unconventional tools(FG and QE) having a notably long lasting impact.
Demand jumps and listings drop, widening the gap between owners and renters.
New Research! "Bad Bank, Bad Luck? Evidence from 1 Million Firm-Bank Relationships"
We build a large novel dataset on US bank-firm relationships to ask the question “How do bank failures affect small businesses?”
This is my job market paper! #econtwitter#finance#banking
A🧵summarizing our findings:
Open Position: I am looking for a 6 year Postdoc in Micro, preferably Theory at Freie Universität Berlin!
https://t.co/BfYiLPl2Xo
Please apply through the Berlin School of Economics,
https://t.co/OQS5HfzlQs
Berlin offers a vibrant, fun and super collegial community! Join us!