Best of #econtwitter - Week of March 12, 2023: paper summaries
Welcome readers old and new to this week’s edition of Best of Econtwitter. Please submit suggestions — very much including your own work! — over email or on Twitter @just_economics.
Idiosyncratic favorites
Emil Verner@EmilVerner
Excited to share a new paper!
“The Debt-Inflation Channel of the German Hyperinflation.”
This is joint work with an awesome set of co-authors: @MarkusEconomist , @Ogoun, @StephanLuck, and @TomZ_Econ
Link: papers.ssrn.com/sol3/papers.cf…
A short thread… 1/
papers.ssrn.com
The Debt-Inflation Channel of the German Hyperinflation
3:59 PM · Mar 9, 2023
37 Reposts · 142 Likes
Emil Verner@EmilVerner
The inflation and reduction in real debt burdens was associated with booming employment through the end of 1922. Employment growth was strongest for firms with high leverage at the onset (1918-19) of the postwar inflation, consistent with the debt-inflation channel.
4:16 PM · Mar 9, 2023
11 Likes
Nick Zarra@LegendOfZarra
🚨Published!🚨Does partisanship in the U.S. affect the macroeconomic impact of fiscal policy? In our recent @AEAjournals, @JerryCarlino, T. Drautzburg, R. Inman, and I causally show that it does w.r.t federal transfers to states -- an important policy tool in big crises. 1/7
7:35 PM · Mar 6, 2023
19 Reposts · 63 Likes
NeilJCummins@NJCummins
Hypergamy - women systematically marrying 'up' in status, men marrying 'down' does not exist in England, 1837-2021
CEPR @cepr_org
New CEPR Discussion Paper - DP17914
Hypergamy Revisited: Marriage in England, 1837-2021
@GregoryClarkUCD @UCDavisEcon @LSEEcHist, @NJCummins @LSEEcHist
https://t.co/UM8MbxUBwF
#CEPR_EH, #CEPR_LE https://t.co/z9G8up5M5j
12:16 PM · Feb 21, 2023
55 Reposts · 408 Likes
Remote work pop-up section
Christoph Siemroth@SiemrothEcon
📢Our #WorkFromHome paper came out in the first issue of the Journal of Political Economy Micro!
Main finding: #WFH decreased productivity among IT workers, added 1.6-2h to working day, bc collaboration is harder remotely.
Summary thread 1/n
#EconTwitter doi.org/10.1086/721803
3:18 PM · Mar 6, 2023
27 Reposts · 115 Likes
Christoph Siemroth@SiemrothEcon
Firm measures output as % against target of main task. Eg quality assurance: lines of code reviewed.
Productivity is output / input.
March 2020 lockdown sent everyone home, so before-after comparison.
Here's monthly productivity over time (0 is switch to #WFH): 3/n
3:18 PM · Mar 6, 2023
1 Like
Christoph Siemroth@SiemrothEcon
MS workplace analytics tracks who employees interact with and how they spend their time.
Another reason why productivity drops during WFH is less focus time - fewer 2h-blocks of uninterrupted time, where employees get actual work done.
Interruptions by more meetings. 8/n
3:18 PM · Mar 6, 2023
1 Like
Peter John Lambert@pj_lambert
New paper "Remote Work across Jobs, Companies, and Space" is OUT, along with accompanying data and visuals at wfhmap.com. Here is a short 🧵 about what we found. First, as expected, share of job ads explicitly offering #WFH exploded! #EconTwitter (1/9)
8:21 PM · Mar 6, 2023
27 Reposts · 86 Likes
^and:
Bledi Taska@Bledi_Taska
We have a new project on the evolution of work from home (#wfh) with @StephenEKHansen, @pj_lambert, @I_Am_NickBloom , Steven Davis, and @raffasadun . paper nber.org/papers/w31007 and data
wfhmap.com
WFH Map – Measuring remote work across space and time, using job ads.
1:09 PM · Mar 12, 2023
4 Reposts · 12 Likes
Lyman Stone 石來民 🦬🦬🦬@lymanstoneky
Nice writeup from @DKThomp on the new paper by @ModeledBehavior and me at @InnovateEconomy . Upshot is: we find that women with remote work are likelier to marry and have babies.
theatlantic.com
The Surprising Effects of Remote Work
1:58 PM · Mar 7, 2023
15 Reposts · 86 Likes
Paper summaries
João B. Duarte@JoaoBDuart3
"Monetary actions affect economic conditions ONLY after a lag that is both long and variable" Milton Friedman, JPE, 1961
🚨New paper: we find that this statement is qualified: ❌ONLY
We find important short lags before monetary policy effects fully unravel at long lags 🧵
10:09 AM · Mar 8, 2023
38 Reposts · 223 Likes
Richard Holden@profholden
My paper "Getting Dynamic Implementation to Work" w/ Yi-Chun Chen, Takashi Kunimoto, Yifei Sun & Tom Wilkening is free in the current issue of @JPolEcon. journals.uchicago.edu/toc/jpe/current. A thread on what we do. Buckle up. 1/19
11:23 AM · Mar 8, 2023
10 Reposts · 39 Likes
I4R@I4Replication
At our first Replication Games in Oslo, Montero (2022, @JPolEcon, journals.uchicago.edu/doi/abs/10.108…) was assigned to @AndersKjelsrud, @kotsadam and @olerogeberg (2023). econstor.eu/handle/10419/2…
4:28 PM · Mar 7, 2023
56 Reposts · 232 Likes
Dan de Kadt@dandekadt
The core problem - 75% of data are duplicates - came from a merge using non-unique identifiers.
Gonna use this to shill for one of my very favourite R packages - {tidylog}.
If you're doing data processing within tidyverse, use this package! It's both effortless and brilliant.
I4R @I4Replication
At our first Replication Games in Oslo, Montero (2022, @JPolEcon, https://t.co/cXq7YU1E2q) was assigned to @AndersKjelsrud, @kotsadam and @olerogeberg (2023). https://t.co/Fskizig7vg
10:58 AM · Mar 8, 2023
7 Reposts · 114 Likes
Anna Stansbury@annastansbury
How to tackle regional economic inequality in the UK?
With @edballs and @DanTurnerSY, some ideas in a new working paper.
TLDR: (1) STEM skills, (2) better transport for non-London cities, (3) boosts to public-funded R&D outside the South.
🧵below...
hks.harvard.edu/centers/mrcbg/…
hks.harvard.edu
Tackling the UK’s regional economic inequality: Binding constraints and avenues for policy intervention
2:46 PM · Mar 6, 2023
78 Reposts · 198 Likes
Arin Dube@arindube
New NBER Working Paper on "The Unexpected Compression" with @davidautor and @AnnieMcGrew1.
nber.org/papers/w31010
Short 🧵
6:21 PM · Mar 6, 2023
77 Reposts · 213 Likes
Luca Gagliardone@lucagaglia
What are the drivers of the recent rise in inflation?
In a new working paper joint with Mark Gertler, we explore the question with a simple quantitative NK model featuring oil as a complementary good for households and as a complementary input for firms.
#EconTwitter
1/11
3:14 PM · Mar 8, 2023
22 Reposts · 113 Likes
Stu Donovan@StuartBDonovan
so, the latest working paper from my Ph.D. is now available via the link below.
The bad news: Many spatial, urban, and transport economic models may be severely biased. Why?
A. Measurement errors in travel times, or transport costs, more generally.
tinbergen.nl/discussion-pap…
12:42 PM · Mar 8, 2023
14 Reposts · 101 Likes
Oliver Giesecke@og_giesecke
🚨🚨🚨Major revision of our Local Government Debt Valuation paper now available🚨🚨🚨
papers.ssrn.com/sol3/papers.cf…
papers.ssrn.com
Local Government Debt Valuation
7:57 PM · Mar 12, 2023
4 Likes
More paper summaries
Vincent (Economic History) Geloso@VincentGeloso
Thread: New paper available at Social Science Quarterly (cc. @SSQ_Online) with @casey_joe on the myth of wartime prosperity. onlinelibrary.wiley.com/doi/10.1111/ss… #econhist #econtwitter
1:57 PM · Mar 6, 2023
18 Reposts · 40 Likes
Henning Hermes@henninghermes
🚨 NEW PAPER ALERT 🚨
How does access to universal early child care affect mothers’ labor supply? We study this question experimentally in a new WP (w/ Marina Krauss, @lergetporer, Frauke Peter & @SimonWiederhold).
A 🧵👇🏻 [1/7]
Link to WP: tinyurl.com/29k5pmmk
#EconTwitter
11:24 AM · Mar 8, 2023
55 Reposts · 154 Likes
Rob Seamans@robseamans
🚨New Paper Alert!!🚨
Which occupations and industries are most exposed to advances in AI language modeling, as exemplified by #ChatGPT?
In a new paper with @EdFelten and Manav Raj, we use a framework to systematically address this question.
papers.ssrn.com/sol3/papers.cf…
1/10
papers.ssrn.com
How will Language Modelers like ChatGPT Affect Occupations and Industries?
7:16 PM · Mar 6, 2023
84 Reposts · 256 Likes
Mallory Avery@MalloryAvery16
ICYMI #EconTwitter, #AI is slated to become our new overlords. Until that happens, humans and AI have to interact. @AndreasLeibbra1, Joe Vecci, and I have a new paper showing what that interaction means for diversity in recruitment.
11:20 PM · Mar 7, 2023
7 Reposts · 17 Likes
Scott Kominers@skominers
Blood-sucking web platforms may be good for consumers.
“Wait, what!?,” you’re thinking 🧐
I’m serious. It’s time to talk about vampire attacks 🧛♂️, and @J_W_Hatfield and I have a theory: ssrn.com/abstract=43775…
🧵👇
ssrn.com
A Simple Theory of Vampire Attacks
12:02 PM · Mar 6, 2023
38 Reposts · 104 Likes
Jason Milionis@jason_of_cs
How do AMMs compare to limit order books (LOBs) with respect to metrics such as complexity and expressiveness? We offer answers to these questions in joint work with @ciamac @Tim_Roughgarden: arxiv.org/abs/2302.11652 Details👇 1/n
8:02 PM · Mar 5, 2023
36 Reposts · 199 Likes
Marco Battaglini@m_battaglini
In this paper we study a standard collective action problem in which successful achievement of a collective goal requires costly participation by some fraction of its members.
NBER @nberpubs
A model of collective action in which a group can organize by constructing communication mechanisms to elicit private information and coordinate the actions of its members, from @m_battaglini and Thomas R. Palfrey https://t.co/0VnssAYp22 https://t.co/MH5MVBC4Yv
2:25 PM · Mar 6, 2023
4 Reposts · 27 Likes
Juan Mateos Garcia@JMateosGarcia
"The growing influence of industry in AI research"
Empirical analysis of an important topic by @NurAhmedB, @ImMuntasir and @ProfNeilT. It shows that industry is becoming dominant in AI publications, models and benchmarks - what do we do about this?
science.org/doi/10.1126/sc…
8:14 AM · Mar 7, 2023
6 Reposts · 13 Likes
Moritz Kuhn@kuhnmo
Noch ein bisschen aktuelle Forschung zum #EqualPayDay. Mit @christianbaye13 zeige ich mit Daten von @destatis, dass das #GenderPayGap zu mehr als der Hälfte ein #GenderPromotionGap ist. 1/4
7:50 AM · Mar 7, 2023
20 Reposts · 120 Likes
Kevin Remmy@kevin_remmy
New working paper!
@xian_bontemps , Cristina Gualdani and I study price competition and network choice in the US airline industry and use the framework to analyze the American/ US Airways merger.
A short thread👇
3:19 PM · Mar 8, 2023
12 Reposts · 86 Likes