Best of #econtwitter - Week of March 27, 2022 [2/2]
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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
🚨🚨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…
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".
📢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
📢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
JPubEcon pop-up section
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.
^the interesting graph is cut off by Substack
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.
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.
Interesting discussions
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
^request: more data
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.
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?
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.
