Best of #econtwitter - Week of March 27, 2022 [2/2]
Welcome readers old and new to this week’s edition of Best of Econtwitter. Thanks to those sharing suggestions, over email or on Twitter @just_economics.
This is part two of two. Part one is here.
Macro papers pop-up section
Dr. Elena Falcettoni@efalcettoni
🚨🚨Updated Working Paper Alert🚨🚨
#EconTwitter, remember my paper w @vmnygaard comparing living standards (welfare) across U.S. states?
We have a new draft!
Check it out here 👇
elenafalcettoni.com/s/Welfare_Pape…
1:09 PM · Mar 24, 2022
6 Reposts · 27 Likes
Pascal Michaillat@pmichaillat
Interested in business cycles & monetary/fiscal policy? But put off by the New Keynesian model? Here is an alternative model, appearing this month in Oxford Economic Papers:
doi.org/10.1093/oep/gp…
@CarterPaddy calls it "deviant" & Kydland describes it as a "train with wings".
10:17 PM · Mar 26, 2022
83 Reposts · 429 Likes
Rustam Jamilov@RustamJamilov
📢New Paper📢
"HBANK: Monetary Policy with Heterogeneous Banks"
- with M. Bellifemine (@LSEnews) and T. Monacelli (@monacelt)
Ungated paper link: users.ox.ac.uk/~econ0628/HBAN…
1/N
4:16 PM · Mar 21, 2022
40 Reposts · 204 Likes
Martin Blomhoff Holm@BlomhoffHolm
📢New Paper!📢
"A Parsimonious Model of Idiosyncratic Income"
with Håkon Tretvoll (@HTret) and E. Crawley (@EdmundCrawley)
Link: drive.google.com/file/d/1HxtlDY…
1/N
2:46 PM · Mar 22, 2022
19 Reposts · 81 Likes
JPubEcon pop-up section
Journal of Public Economics@JPubEcon
When physicians retire, how does it affect patients?
Disrupts patients’ health care utilization, resulting in a short-term increase in total Medicare costs.
But it also leads to an increase in the detection of new chronic conditions, which can bring long-term benefits.
7:55 PM · Mar 21, 2022
2 Reposts · 4 Likes
^the interesting graph is cut off by Substack
Journal of Public Economics@JPubEcon
Can US Senators and House members beat the market?
Evidence suggests that they are are mediocre stick pickers on average. Their picks underperform by a statistically insignificant 40 basis over a one year time frame.
7:59 PM · Mar 21, 2022
7 Reposts · 24 Likes
Journal of Public Economics@JPubEcon
How important is police infrastructure for crime?
Consistent with lower perceived detection risks, police station closures increase car theft and residential burglary.
These effects are explained by neighborhood and initial quality of the closed stations.
4:47 PM · Mar 25, 2022
2 Reposts · 4 Likes
Interesting discussions
Arpit Gupta@arpitrage
Gonna make a prediction: academia is going to see a larger exodus of faculty to industry positions.
The pay differentials are large and growing. The key benefit of academic jobs is the flexibility, but private sector jobs offer that too now. There is interesting work, too.
misha smirnov @SaladZombie
Talking to a recruiter about a senior data scientist job. I gave her my salary expectation ($150k) and she laughed and told me she’s never seen an offer lower than the 200s. I likely won’t get this job but want to share since no one tells academics these numbers.
11:23 AM · Mar 25, 2022
35 Reposts · 443 Likes
^request: more data
Nic Duquette@NicDuquette
I like my job a lot, but I also support academics leaving for the private sector. And then posting about how much more money they're making. In a public forum where administrators can see it.
11:31 PM · Mar 25, 2022
36 Reposts · 609 Likes
Luke Muehlhauser@lukeprog
I have 900+ Google Scholar alerts in my inbox. Anyone know of a script that will just list all unique articles linked within them on a single page for me to scroll through?
7:25 PM · Mar 26, 2022
1 Repost · 11 Likes
Ben Golub 🇺🇦@ben_golub
It's amazing how reliable it is that young people are the harshest referees, and often the most intellectually conservative.
My guess is that being positive/open-minded in assessment when young is a great signal about creativity. Sadly, most people have both hazed out of them.
1:57 PM · Mar 22, 2022
16 Reposts · 413 Likes
Anup Malani@anup_malani
TL;DR: The policy & business does not seem to value causation as much as academic economists do. It suggests that economists need to either:
-convince ppl on the value of investing a lot of effort on causation
-work on reducing the costs of inferring causation
2:46 PM · Mar 27, 2022
2 Reposts · 18 Likes
Arpit Gupta@arpitrage
@cameron_pfiffer True, but academia does give me the ability to tweet a bunch
2:05 PM · Mar 25, 2022
1 Like