Best of #econtwitter - Week of October 2, 2022 [2/2]
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.
This is part two of two.
We collect data in Greenland, where, due to historical reasons, traditional and modern market economies coexist within villages➡️ We can study the relationship between market participation and moral behavior in a single cultural and political environment. (4/N)
First, market participation is positively associated with moral behavior towards anonymous others: market-integrated participants cheat anonymous others less on average. (6/N)
1/2: According to a new study (N=11k; 5 countries), left-right political ideology is to some degree a question of moral universalism: "The extent to which people exhibit the same level of altruism and trust towards strangers as towards in-group members." restud.com/paper/moral-un…
Are autocracies better at delivering on growth promises? Not really—a new paper soon out in the JPE argues that the GDP stats are very extremely fake.
Are markups (in manufacturing) rising? Foster, Haltiwanger, and Tuttle argue no, once you all plant level heterogeneity in technology. Their estimates are in red. I’ve tweeted before but happy to see the NBER draft out so the discussion can begin. nber.org/papers/w30491
In an interview with , Powell stated “What [the Fed] can control is demand, we can’t really affect supply with our policies” In a new paper I show that this is, to some extent, true: frbsf.org/wp-content/upl…
and I just finished a review of “Publication Bias in Asset Pricing Research.” (arxiv.org/pdf/2209.13623…). Rather than list methods, 's reviews inspired us to focus on stylized facts. Here are 4 facts from meta-studies of hundreds of market anomalies 🧵
Beyond Cards by (Thread🧵)➡️1st Real-Time Consumption indicator to use "all" (not only cards) ➡️HD:1st Consumption Distribution accounts 👇bit.ly/3dJo6iE
I do a lot of work on science of selection. I've also sat on a lot of selection panels (hiring, scholarships, grantmaking, contracting etc). Someone asked me for my "rules of thumb of selection". Here's a thread!
*** The original sin of QE (and QT) QE policies, adopted by the most central banks in the last 15 years, suffered from a sin at birth. This came back to bite this Thursday in the UK. Confusingly, there are three distinct policies that go under the name of QE. 🧵 [1/15]
You give a True/False exam with 100 questions and one student gets every single question wrong. What grade do you give?
It's almost time for my annual "women on the econ job market thread"(!!). A few tips for (all) JMCs who want their work elevated on this bird site: (1) Have your own website! Here is a guide to building a good one: