Best of #econtwitter - Week of July 12, 2020
Welcome to this week’s edition of the Best of Econtwitter. Recommendations always welcome over email or on Twitter @just_economics.
New papers
Tommaso Porzio@PorzioTommaso
📢 Thread on new working paper: "Achieving Scale Collectively"
with @bassi_vittorio @RitwikaSen @EsauTugume
Streamed tomorrow at NBER SI Growth: nber.org/si2020livestre…
And for the few that still read papers available at: dropbox.com/s/ffn46prbhcwz…
1/N
dropbox.com
ASC_Draft.pdf
11:19 PM · Jul 8, 2020
17 Reposts · 89 Likes
Ivan Werning@IvanWerning
Modern IO ---> Macro!
Monopolistic competition reigns supreme in macro, trade, growth etc., but what about more realistic dynamic oligopolistic scenarios?
Olivier Wang (NYU Stern) will present our paper at NBER SI session. Link in next tweet. Short thread below. 1/n
3:18 PM · Jul 7, 2020
77 Reposts · 443 Likes
Jeff Denning@JeffDenning
We just released an updated version of our working paper, "Class Rank and Long-Run Outcomes" @FelixWeinhardt @RichMurphy_Econ nber.org/papers/w27468
Much of the paper is similar but this new version represents a substantial revision of the previous version
3:35 PM · Jul 6, 2020
18 Reposts · 45 Likes
Jason Abaluck@Jabaluck
👉 New paper w/ Leila Agha (@LeilaEcon), David Chan, Daniel Singer, and Diana Zhu: doctors who depart from guideline recommendations cause many preventable strokes. …d1a-wp-offload-media.s3.amazonaws.com/faculty/wp-con…
spinup-000d1a-wp-offload-media.s3.amazonaws.com
5:00 PM · Jul 8, 2020
7 Reposts · 21 Likes
Pierre Azoulay@pierre_azoulay
@bfjo, @jdanielkim, @jmirandal and I are presenting a paper entitled "Immigration and Entrepreneurship in the US" Monday morning (7/13) at 10:45am in the Entrepreneurship meetings of the NBER Summer Institute. [1/8]
conference.nber.org
6:13 PM · Jul 12, 2020
15 Reposts · 24 Likes
Asaf Manela@AsafManela
New paper I am excited to share today. 1/
tl;dr:
- simple new value of information measure
- can be estimated at high frequency
- shows dramatic spikes in value of information at start of COVID-19 and the (old) financial crisis
Paper here: ssrn.com/abstract=36451…
3:21 PM · Jul 7, 2020
2 Reposts · 13 Likes
Hassan Afrouzi@hafrouzi
Excited to present our paper with Choongryul Yang on "Dynamic Rational Inattention and the Phillips Curve" this afternoon at NBER SI Behavioral/Macro group at 4pm EST.
Youtube link: youtube.com/channel/UC79EL…
Any comments would be much appreciated!
Brief summary of what we do: 1/N
youtube.com
NBER
7:13 PM · Jul 10, 2020
17 Likes
Newly-published papers
Isabel Z. Martínez @home@IZMartinez86
🥳 our paper "Intertemporal Labor Supply Substitution? Evidence from the Swiss Income Tax Holidays" with Michael Siegenthaler @KOFETH & Emmanuel Saez @berkeleyecon is forthcoming in the American Economic Review @AEAjournals
Revised version here 👇
nber.org/papers/w24634
10:23 AM · Jul 8, 2020
26 Reposts · 257 Likes
Doug Campbell@TradeandMoney
In our paper, we find several coding errors which overturn a seminal paper in the "Chinese competition caused a huge increase in innovation" lit by Bloom et al (BDvR). From the beginning, I knew the BDvR paper had problems. Why?
nbloom.people.stanford.edu
8:24 PM · Jul 6, 2020
20 Reposts · 79 Likes
^launched a large debate about replication in the profession, see the replies. Response from the authors here; interesting proposal here
Elira Kuka@EliraKuka
I'm so excited to finally see my JMP in print! As all JMPs, this paper has a special place in my heart, and I am so happy it found a home at @restatjournal. 🎉🍾🎊
mitpressjournals.org/doi/full/10.11…
Also, its topic is of special interest these days. So here is a super quick thread. 1/N
mitpressjournals.org
MIT Press Journals
3:46 PM · Jul 6, 2020
22 Reposts · 160 Likes
Mohammad Akbarpour@akbarpour_
Accepted in Econometrica, Redistribution through Markets (with awesome coauthors, @skominers and Piotr Dworczak).
Link: stanford.io/3gJQxbT
We have multiple takes on how to present this, with no optimal one. Here's one take, based on Econ 101: (1/10)
10:46 PM · Jul 9, 2020
405 Reposts · 1.65K Likes
Jessica Leight@leightjessica
Happy to share a new paper of mine on vote-buying and political accountability, recently published in @JPubEcon joint with Foarta, Pande and Ralston! (1/7)
sciencedirect.com
Value for money? Vote-buying and politician accountability
4:12 PM · Jul 10, 2020
19 Reposts · 93 Likes
Public goods
Eric Monnet@MonnetEric
1/6 With Damien Puy, we make public our quarterly dataset of macro & financial data since 1950. It covers Real GDP (37 countries), Credit (45), Consumer Prices (48), Stock Prices (26), and Bond yields (18). We use it for our paper on global cycles.
imf.org
One Ring to Rule Them All? New Evidence on World Cycles
12:30 PM · Jul 11, 2020
109 Reposts · 315 Likes
Michael Droste@mcdroste
Hi #econtwitter - I wrote some programs for supervised ML in Stata, and I'd like to plug them! Pylearn allows Stata users to estimate random forests, gradient boosting/adaptive boosting, decision trees, and feed-forward neural nets. Read more: github.com/mdroste/stata-… (1/N)
2:15 PM · Jul 8, 2020
169 Reposts · 726 Likes
Sascha Steffen@sascha_steffen
Free Research Data!!!
We just updated our paper "Kicking the can down the road: Government interventions in the European Banking Sector" - We show that forbearance during the 2007/2008 crisis had a causal effect on banks risk and the economy during the sovereign debt crisis 1/n
3:56 PM · Jul 6, 2020
13 Reposts · 67 Likes
Abhishek Nagaraj 🗺️@abhishekn
Very excited to team up with Stephen Turban and Megan Gorges (incoming @HarvardHBS PhD students) on a new wiki to provide guidance for those applying to PhD programs in business schools.
businessphdwiki.com
Check it out!
CC: @MITSloanPhD @PHDPROJECT
1/
businessphdwiki.com
start [Business PhD Wiki]
5:20 PM · Jul 7, 2020
48 Reposts · 159 Likes
Eva Vivalt@evavivalt
Happy to announce the new and improved Social Science Prediction Platform is now open with three initial studies to forecast! Follow @socscipredict for updates as more studies are added in the coming weeks. I've blogged about the launch here: buff.ly/2W2rwAK
1:07 PM · Jul 10, 2020
29 Reposts · 78 Likes
Nick HK@nickchk
I have been working on a new #rstats package that is finally in beta and ready to go. It's a package designed to make it easy to work with @SafeGraph data - downloading, reading it in, normalizing, processing! Check it out at
safegraphinc.github.io
Package for Processing and Analyzing SafeGraph Data
10:51 PM · Jul 10, 2020
13 Reposts · 50 Likes
Good discussion in the replies
Florian Ederer@florianederer
Since my last take on pre-docs hit a nerve let me re-up with two more:
1) Because pre-docs are exclusively empirical this will turn economics even more away from theory (and I don't think that's good).
2) Large pre-doc programs will reinforce rather than reduce hierarchies.
1:46 PM · Jul 11, 2020
20 Reposts · 246 Likes
^Launched a large discussion. For a contrasting take, see here.
Ivan Werning@IvanWerning
Many economists repeat (without thinking?) that the burden of the proof is on showing a market failure.
Perhaps makes sense in some politico-economy perspective, to avoid lobbies. But scientifically, I cannot make sense of it from a Bayesian perspective.
7:12 PM · Jul 11, 2020
73 Reposts · 507 Likes
Sean J. Taylor@seanjtaylor
A friend who is a senior grad student recently asked: "Does the possibility of ever returning to academia seem impossible now that you’re in industry?"
I left academia in 2013 -- it's 7 years out. I have a few data points to draw on to answer this.
3:32 AM · Jul 7, 2020
8 Reposts · 25 Likes