Best of Econtwitter

Share this post

Best of #econtwitter - Week of May 15, 2022 [2/3]

www.bestofecontwitter.com

Best of #econtwitter - Week of May 15, 2022 [2/3]

An Economist
May 16, 2022
1
Share this post

Best of #econtwitter - Week of May 15, 2022 [2/3]

www.bestofecontwitter.com
Share

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 three.

Paper summary threads

Twitter avatar for @QuentinVandewe2
Quentin Vandeweyer @QuentinVandewe2
We spent the last year figuring out what algorithmic stablecoins are and came up with a dynamic model that might help us understand what’s going on with #Terra_Luna . Here are our main takeaways. THREAD.
Image
1:46 PM ∙ May 14, 2022
548Likes103Retweets
Twitter avatar for @EmilVerner
Emil Verner @EmilVerner
Keynes’ “A Tract on Monetary Reform” (1923) contains some insights that are quite interesting and relevant for today’s debate about inflation and the role of corporate “greed” and “profiteering.” delong.typepad.com/keynes-1923-a-… /1
6:01 PM ∙ May 15, 2022
193Likes58Retweets
Twitter avatar for @EmilVerner
Emil Verner @EmilVerner
Highly relevant for today, he noted that the direction of causality between prices and business profits would be misunderstood. "To the consumer the business man’s exception profits appear as the cause (instead of the consequence) of the hated rise in prices" /5
Image
6:07 PM ∙ May 15, 2022
26Likes4Retweets

^separate from the above summary of Keynes: (but related, with deflation instead of inflation!)

Twitter avatar for @EmilVerner
Emil Verner @EmilVerner
Excited that this paper (w/ @gyozo_gy) is forthcoming at the JF. We find that household financial distress from foreign currency debt exposure during a currency crisis in Hungary led to a large increase in support for a debtor-friendly far-right populist party. /1
Twitter avatar for @JofFinance
Journal of Finance @JofFinance
Forthcoming soon: Gyöngyösi @SAFE_Frankfurt, @EmilVerner @MITSloan find that household foreign currency exposure loan during currency crisis in Hungary lead to large, persistent rise in support for populist far right (which campaigned on FC debt relief) https://t.co/SxnlY6qqq3
8:28 PM ∙ May 13, 2022
88Likes19Retweets
Twitter avatar for @EmilVerner
Emil Verner @EmilVerner
Using variation across households and zip codes in exposure to foreign currency debt, we find that FC exposure explains about 1/5 of the rise in support for the far-right during the crisis. Finance mattered for voting outcomes./5
Image
8:37 PM ∙ May 13, 2022
7Likes1Retweet
Twitter avatar for @LapeyreAlice
Alice Lapeyre @LapeyreAlice
Delighted to see our (@giulia_giupponi @landais_camille) paper for the Journal of Economic Perspectives in print ! We provides a framework to think about the relative welfare benefits and costs of short-time work (STW) and unemployment insurance (UI). A thread 🧵 1/n
Twitter avatar for @AEAjournals
AEA Journals @AEAjournals
The Spring 2022 issue of the Journal of Economic Perspectives (36, 2) is now available online at https://t.co/HOytCPKFMv.
12:23 PM ∙ May 12, 2022
113Likes19Retweets
Twitter avatar for @sc_cath
Sylvain Catherine @sc_cath
Three quarters of the benefits of the Paycheck Protection Program went to the top quintile of households. Wild. https://t.co/vvqndB1XF7
Image
Twitter avatar for @J2dubyas
Jonathan W Williams 🇺🇲 @J2dubyas
Easy to see how the Paycheck Protection Program was regressive, but the numbers in this paper are way more awful than I believed. https://t.co/C0XolNTTrb
2:56 PM ∙ May 10, 2022
173Likes63Retweets
Twitter avatar for @JonSteinsson
Jon Steinsson @JonSteinsson
It's a good day when one's appendix figures show up on one's Twitter feed in fancy color and updated to the present. Emi tells me this was always one of her favorite figures in the paper (even though it ended up in the appendix).
Twitter avatar for @jasonfurman
Jason Furman @jasonfurman
Should add just looking at this chart which shows inflation measured using the older method and it is pretty clear that not having lots of spurious volatility in the inflation data has been an improvement. Not to mention the a prior conceptual arguments for the shift. https://t.co/KuVBJJIUxB
1:21 AM ∙ May 12, 2022
75Likes9Retweets

^:

Twitter avatar for @AlanMCole
Alan Cole @AlanMCole
But to investigate (3) and (4), they had to dig deep. It turns out that Hazell, Herreño, Nakamura, and Steinsson actually replicated (or at least, approximate) the old method for a recent paper. So Tim and Aden extended it into 2022.
Image
1:28 PM ∙ May 11, 2022
10Likes2Retweets
Twitter avatar for @ptr_andre
Peter Andre @ptr_andre
How important are economic narratives? Short story: Very important! Narratives affect how people interpret economic news and forecast the future. Our new WP studies the stories people tell about the rise in inflation. drive.google.com/file/d/1-2eP--… w/ @cp_roth @JoWohlfart @Ingar30 🧵
Image
2:04 PM ∙ May 11, 2022
686Likes191Retweets
Twitter avatar for @RozsypalFilip
Filip Rozsypal @RozsypalFilip
What do we do? Using 🇩🇰 firm micro-data, we first ask how sensitive different firms are to the business cycle. Size and age need to be taken into account TOGETHER: for young firms, cyclicality is decreasing with size but the opposite is true for old firms.
Image
1:18 PM ∙ May 12, 2022
Twitter avatar for @BachmannRudi
Rudi Bachmann @BachmannRudi
For my international followers I wanted to advertise a new working paper "Monopsony Makes Firms not only Small but also Unproductive: Why East Germany has not Converged" joint with @christianbaye13 Heiko Stueber and Felix Wellschmied. 🧵
1:09 PM ∙ May 11, 2022
106Likes28Retweets

Interesting discussions

Twitter avatar for @Undercoverhist
Beatrice Cherrier @Undercoverhist
Friedman's take on why Marshall married Mary Palley (cc @CleoCZ ): "the main reason he ever married her - to keep her from publishing the book under her own name...After the Principles came out under his own name, he suppressed the Marshall and Marshall"
Image
Image
Image
7:10 PM ∙ May 15, 2022
310Likes92Retweets
Twitter avatar for @lutheconomist
Zach Luther @lutheconomist
Hey #EconTwitter, I'm teaching my first ever undergraduate course next month (Principles of Macro)! Excited but nervous for the opportunity. Any advice from the other side? Do's and don'ts, things you wish you knew, etc.! Any guidance is welcome.
7:53 PM ∙ May 14, 2022
82Likes9Retweets
Twitter avatar for @nickchk
Nick HK @nickchk
The secret of coding up data visualizations is that in most systems it's actually easier to learn how to customize your own graphs and do everything by hand rather than desperately hunting for a function that does exactly the thing you want every time you want something new
10:42 PM ∙ May 14, 2022
118Likes4Retweets
Twitter avatar for @Valen10Francois
François Valentin @Valen10Francois
One of my biggest pet peeves: When old historic maps overlap with modern political maps. A 🧵
Image
2:56 PM ∙ May 10, 2022
22,676Likes4,837Retweets
Twitter avatar for @SNageebAli
Nageeb Ali @SNageebAli
I was corresponding with a first-year student interested in game theory about potential summer reads, and thought I would compile my suggestions for any other graduate students looking for the same. 1/6
3:30 AM ∙ May 10, 2022
961Likes159Retweets
Twitter avatar for @RuxandraTesloi1
Ruxandra Tesloianu @RuxandraTesloi1
My boring take is that doing a PhD can be a good or a bad idea like everything else in life.
10:21 PM ∙ May 8, 2022
1
Share this post

Best of #econtwitter - Week of May 15, 2022 [2/3]

www.bestofecontwitter.com
Share
Comments
Top
New
Community

No posts

Ready for more?

© 2023 An Economist
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing