Joe Hazell @JADHazell Twitter profile

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Joe Hazell

5 months

The Centre for Macroeconomics at LSE is hiring predocs! Come and work in the best city in the world with me, @liliana_vvarela , @ilzetzki @R2Rsquared and @ben_moll . We work on macro, international economics, finance and more! Link:

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Joe Hazell

@JADHazell

2 years

Very excited to see this paper accepted!

QJE

@QJEHarvard

2 years

Recently accepted by #QJE , “The Slope of the Phillips Curve: Evidence from U.S. States,” by Hazell ( @JADHazell ), Herreño ( @juanherreno ), Nakamura ( @eminakamura2 ), and Steinsson ( @JonSteinsson ):

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Joe Hazell

@JADHazell

2 years

Once upon a time, this was the paper that inspired me to do a PhD in economics! And led to a follow up paper with Matt Elliott asking why financial organizations choose to arrange themselves in such fragile networks

Systemic risk shifting in financial networks

Banks face different but potentially correlated risks from outside the financial system. Financial connections can share these risks, but they also cr…

www.sciencedirect.com

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Joe Hazell

@JADHazell

2 years

Excited to welcome first year @LSEEcon to introduction to macro, starting tomorrow! Together with colleagues ( @R2Rsquared + more not on Twitter) we've been preparing a brand new curriculum packed with interesting macro.

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Joe Hazell

@JADHazell

2 years

Thrilled to see our paper out as lead article in the August Quarterly Journal of Economics. Reupping @JonSteinsson 's thread summarizing our paper 👇

QJE

@QJEHarvard

2 years

#QJE Aug 2022 #1 , “The Slope of the Phillips Curve: Evidence from U.S. States,” by Hazell ( @JADHazell ), Herreño ( @juanherreno ), Nakamura ( @eminakamura2 ), and Steinsson ( @JonSteinsson ):

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Joe Hazell

@JADHazell

4 years

🥳 🥳 🥳 Our paper (with @cogeorg and Matt Elliott) “Systemic Risk Shifting in Financial Networks” was accepted by the Journal of Economic Theory! 🥳 🥳 🥳 Link to latest draft: What’s the paper about? \begin{thread} (1/8)

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Joe Hazell

@JADHazell

3 years

Excited to present new work, joint with @davidautor , @pascualrpo and Daron Acemoglu, at the AEA meetings tomorrow. The other papers in the session look great!

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Joe Hazell

@JADHazell

6 months

Excited to join this team of great economists!

JEEA

@JEEA_News

6 months

A big welcome to our new Associate Editors @vaguirregabiria , Damon Clark @ThomasGraeber Jonathon Hazell, Keith Head, Andreas Kostøl @_SiLviA_mA @NicolaPavanini

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Joe Hazell

@JADHazell

4 years

New working paper! On the Phillips Curve, with @juanherreno @eminakamura2 and @JonSteinsson . Jon has a great summary, so here is the tl;dr:

Jon Steinsson

@JonSteinsson

4 years

Has the Phillips curve flattened? Our new paper concludes: Not really. It has always been flat. Take a look: Joint with @JADHazell , @juanherreno , and @eminakamura2 1/n

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Joe Hazell

@JADHazell

1 year

🚨🚨🚨🚨🚨🚨🚨 We're hiring a predoc! Come and work with me, Christina Patterson and Heather Sarsons. Based out of the University of Chicago, you'll get to work cutting projects in macro labor econ in a great city and environment. cc: @econ_ra

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Joe Hazell

@JADHazell

5 months

A true privilege to appear on @DavidBeckworth 's podcast! Reading blogs by David and others growing up got me into macro in the first place.

Macro Musings

@Macro_Musings

5 months

Despite some popular commentary, the Phillips curve continues to be an important idea in understanding the inflation rate. Jonathon Hazell ( @JADHazell ) on Phillips Curves, Wage Rigidity, and How to Measure R-Star:

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Joe Hazell

@JADHazell

6 months

Nice to see this fantastic paper by @ChenLian92 out in print! One of the best explanations for why high liquidity consumers might nevertheless have high marginal propensity to consume.

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Joe Hazell

@JADHazell

3 years

Great speech by Silvana Tenreyro about negative interest rates. She argues negative interest rates can be powerful monetary stimulus. Seeing the collected evidence about negative interest rates in one place was enlightening. The graphs are striking:

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Joe Hazell

@JADHazell

3 years

Great discussion about inflation, by @Noahpinion , including some of my work on the Phillips Curve with @juanherreno , @eminakamura2 and @JonSteinsson . More than a decade ago his blog persuaded me to do a PhD so I am thrilled 😊

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Joe Hazell

@JADHazell

2 years

🚨🚨🚨🚨🚨🚨 Looking for a RA position? Come and work for us on cutting edge macroeconomics in a great research position in the best city in the world! cc @econ_ra 🚨🚨🚨🚨🚨🚨

Ricardo Reis

@R2Rsquared

2 years

If you'd like to work full time next year as a pre-doc doing research in macroeconomics with @liliana_vvarela , @ilzetzki , @JADHazell , @ben_moll , and myself at the @CFMUK , apply here:

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Joe Hazell

@JADHazell

3 years

I think this is a great target based on my own regrets. I never met this goal, found it too easy to start new projects, finished grad school with several half done papers I couldn't post. Finishing papers is hard. I also like this advice from Eric Zwick

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Joe Hazell

@JADHazell

3 years

Very interesting article in the Economist about research with @juanherreno @eminakamura2 and @JonSteinsson on inflation and the the Phillips Curve: 👇👇👇

When does transitory inflation become sustained?

Core inflation in America exceeded 3% in April, but is unlikely to stick

www.economist.com

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Joe Hazell

@JADHazell

2 years

@ThomasPHI2 What a cool paper! A useful reference is the classic Alwyn Young paper finding that TFP growth was not extraordinary during the Asian growth miracles and much of the growth was factor accumulation

The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience*

Abstract. This paper documents the fundamental role played by factor accumulation in explaining the extraordinary postwar growth of Hong Kong, Singapore, S

academic.oup.com

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Joe Hazell

@JADHazell

3 years

New working paper! Many years in the making ...

David Autor

@davidautor

3 years

New working paper! Joint with Daron Acemoglu, @JADHazell and @pascualrpo . "AI and Jobs: Evidence from Online Vacancies" . (1/7)

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Joe Hazell

@JADHazell

3 years

Such a great pick! One of the kindest and most humble economists I've met. Also tells graduate students to take a day off every week, which I appreciated a lot.

AEA Information

@AEAInformation

3 years

Congratulations to Isaiah Andrews of @Harvard , winner of the 2021 John Bates Clark Medal!

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Joe Hazell

@JADHazell

7 months

@ben_golub This article still blows my mind! Look at the date!

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Joe Hazell

@JADHazell

4 years

Since it is job market season, here are some awesome guides by Eric Zwick and Adam Guren that I followed religiously:

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Joe Hazell

@JADHazell

2 years

Great to see our paper on artificial intelligence and labor markets out in the Journal of Labor Economics! (w/ @NarrowCorridor , @davidautor and Pascual Restrepo). David has a great thread summarizing 👇

David Autor

@davidautor

3 years

New working paper! Joint with Daron Acemoglu, @JADHazell and @pascualrpo . "AI and Jobs: Evidence from Online Vacancies" . (1/7)

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Joe Hazell

@JADHazell

1 year

Interested in doing a predoc before grad school? Come and work for me, Ricardo and Ben on frontier topics in macro, and in the best city in the world! Details below:

Ricardo Reis

@R2Rsquared

1 year

Want to work full time with @ben_moll , @JADHazell , and I @CFMUK before applying for a PhD in economics? Here is a chance to apply, by April 27. #econ_ra

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Joe Hazell

@JADHazell

3 years

They're coming for us

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Joe Hazell

@JADHazell

3 years

👀 Ricardian equivalence spotted in the wild!

Brandy Jensen

@BrandyLJensen

3 years

just deflated like a balloon upon realizing i’ll almost certainly have to use my $2k to pay my tax bill

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Joe Hazell

@JADHazell

4 years

Coverage of my job market paper on downward nominal wage rigidity by the Senate's Joint Economic Committee! Thrilled to see interest from policymakers. @JECRepublicans @AlanMCole

Stable Monetary Policy to Connect More Americans to Work

A well-chosen and consistent monetary policy anchor will not solve every problem—and certainly not ones directly related to public health—but it can facilitate the execution of financial and business...

www.jec.senate.gov

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Joe Hazell

@JADHazell

3 years

Same here: any JMCs with empirical macro papers, happy to try and give advice

alz

@alz_zyd_

3 years

If you're going on the market this fall with a, uh, finance-IO paper, or finance market design, or anything else you think I might be helpful with, feel free to email or DM me. Happy to look at paper/slides and give some feedback!

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Joe Hazell

@JADHazell

7 months

Not one but TWO (!!) LSE macro students among these! Congrats @ArnaudDyevre and @ReichardtHugo !

EEA

@EEANews

7 months

@UniCredit_IT Foundation has announced winners of 10th edition of its Econ JM Best Paper Award. Huge congrats to Eduard Boehm, Arnoud Dyevre @_LukasFreund_ @GuangbinHong @vatsalecon @lukasfmann @ReichardtHugo @TayaSikorskaya @JinglunYao & Chuan Yu

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Joe Hazell

@JADHazell

2 years

Fantastic summary by Otis of our new paper on national wage setting! ⬇️

Otis Reid

@otis_reid

2 years

Entering 2022 feels like a good time to tweet a thread on a very cool paper by my wife Christina Patterson & co-auths @JADHazell , Heather Sarsons & @Bledi_Taska on the huge prevalence of national wage setting (firms setting ~same wage in all locations)

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Joe Hazell

@JADHazell

7 months

An extremely cool and well written job market paper from Basil Halperin!

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Joe Hazell

@JADHazell

2 years

Ever wondered about how measures of inflation account for housing costs? Check out this great post by @binarybits @fullstackecon which draws on measurement from our paper w/ @juanherreno @eminakamura2 and @JonSteinsson

Matthew Yglesias

@mattyglesias

2 years

This is a great post but also a good reminder that nobody actually knows how to measure inflation, real world financial transactions are nominal, and monetary policy should focus on nominal income rather than inflation which nobody can measure.

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Joe Hazell

@JADHazell

7 months

Great related thread from @cmatthes_econ . In our paper w/ @AtifRMian and @BackerPeral we try to measure the natural rate of return using natural experiments from the cross section of house prices in the UK. One advantage of our approach is that the estimates of the (1/2)

Christian Matthes

@cmatthes_econ

7 months

Today @SoumayaKeynes is having a pretty negative take on measures of r* in the @FT . I agree with the view that (statistical) uncertainty is massive. The question is how measures of r* are used.

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Joe Hazell

@JADHazell

2 years

What a great prize! Congrats Oleg @itskhoki . And great to see my brilliant colleague Dima @MukhinDA cited several times too:

AEA Information

@AEAInformation

2 years

Congratulations to @itskhoki of @UCLA , winner of the 2022 John Bates Clark Medal!

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Joe Hazell

@JADHazell

3 months

Congratulations Lukas---can't wait to see what you get up to next!

Lukas Freund

@_LukasFreund_

3 months

🥳I loved my PhD @CamEcon & feeling fortunate that I'll get to continue doing research as a job alongside wonderful colleagues: I'll be moving to the 🇺🇸 first as a postdoc @Columbia_Biz , before joining @BostonCollege as an AP! Excited for this new chapter NYC → Boston!

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Joe Hazell

@JADHazell

3 years

Highly recommend this thread 👇. Agree it is not a fair system and steadily getting worse. I think the same advice applies to UK undergrads applying to US schools. I think an economics PhD has historically been a great deal but is now unravelling.

alz

@alz_zyd_

3 years

If you're in a top-10-ish US undergrad, there is a playbook which still gets you a good shot at top-10 econ PhD programs straight out of undergrad (I think it's extremely unfair that this essentially only works for top US programs, but, info is info)

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Joe Hazell

@JADHazell

3 years

Want to know about outsourcing? Read this job market paper by my grad school classmate Michael! There's lots of firm-level evidence already but this paper has **market-level** estimates from a natural experiment and finds lots of important + new + interesting results. 👇

Michael B Wong

@mbwong

3 years

My JMP is now posted: “Labor Market Consequences of Domestic Outsourcing: Evidence from Legalization in Brazil” Coauthored with my excellent classmate Mayara Felix. #EconTwitter #EconJobMarket 🧵

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Joe Hazell

@JADHazell

3 years

Our VoxEU column on the effect of AI on labor markets is now out! With @pascualrpo @davidautor and Daron Acemoglu.

VoxEU

@voxeu

3 years

AI and jobs: Evidence from US vacancies

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Joe Hazell

@JADHazell

3 years

The market turmoil over Archego reminds me of the classic Caballero & @alpsimsek_econ (JF 2013). In their model banks don't know whether their counterparties are *directly* exposed to the same risks by holding the same bad assets. (1/3)

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Joe Hazell

@JADHazell

5 years

@economeager @causalinf @jonmvdavis I think this is one thing we don't tell early grad students enough! You will probably make big errors, but everyone else does too. Would have really put things in context for me after my first big error.

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Joe Hazell

@JADHazell

9 months

Yeah! Go Maarten! Fantastic paper.

Maarten De Ridder

@DeRidderMaarten

9 months

Really pleased that this paper has been accepted. Forever indebted to Vasco Carvalho for being the perfect advisor, to the editor and referees for their time, and for many of you for all the useful conversations and feedback along the way

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Joe Hazell

@JADHazell

3 years

@arindube Also---don't forget---that in the 1970s the headline CPI included house prices and mortgage interest rates! So it mechanically was much more volatile and correlated with business cycles.

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Joe Hazell

@JADHazell

8 months

Very interesting paper on the labor supply margin in monetary models

NBER

@nberpubs

8 months

Changes in monetary policy affect workers' labor supply as well as firms' labor demand, from Sebastian Graves, @ChrisHuckfeldt , and Eric T. Swanson

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Joe Hazell

@JADHazell

4 months

Deadline for applications closing! Apply now to work with us in London!

Ricardo Reis

@R2Rsquared

4 months

Deadline for applying to work as a pre-doc at @CFMUK is on Thursday Feb 29. Join a small team that works with @ilzetzki , @ben_moll , @JADHazell , @mdoepke , and I on macro, international, and finance topics. Link:

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Joe Hazell

@JADHazell

3 years

E.g. check out this @Noahpinion blog post from 2013! Then, an economics PhD was an awesome deal. Now it's closer to a lab science. Crazy to see how much has changed in 6 years ...

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Joe Hazell

@JADHazell

2 years

Always nice to see LSE alums talking macro!

l’aspide

@aspide_l

2 years

Mick Jagger: von Hayek or Keynes? (SNL February 1993)

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Joe Hazell

@JADHazell

5 years

@MargRev Thanks! A real honor.

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Joe Hazell

@JADHazell

5 months

Blown away by this video. (and also a great plug of our paper by @and_joy_ !)

Abdoulaye Ndiaye

@and_joy_

5 months

Both the audio and image in this video are AI-generated from just a photo, a text script and a 30 second sample of my voice. I pushed the limits by giving in a smiling and lively expression. Took 20mns without any technical knowledge. 2024 elections are ruined. Paper:…

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Joe Hazell

@JADHazell

4 years

@sharanbanerjee This guide by Eric Zwick is amazing and I follow it religiously!

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Joe Hazell

@JADHazell

3 years

Unironically the proudest moment of my career. cc: @juanherreno @eminakamura2 @JonSteinsson

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Joe Hazell

@JADHazell

2 years

@arpitrage Yes!

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Joe Hazell

@JADHazell

3 years

Hi #EconTwitter , Looking for an online copy of Philip Cagan's classic 1956 on hyperinflations. Can anyone point me in the right direction? cc @chrisedmond whose great notes on this were very helpful!

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Joe Hazell

@JADHazell

1 year

Loved reading this thread from @Bledi_Taska , who has been an amazing coauthor and mentor over the years!

Bledi Taska

@Bledi_Taska

1 year

Today I found out that our article with my amazing co-author Carter Braxton is the leading article for the February issues of the AER (). But this is not a thread about humble bragging. I will do that at another time 😊

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Joe Hazell

@JADHazell

5 years

@ben_golub I think this is the one!

Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome

(Fall 2010) - The recent financial crisis has damaged the reputation of macroeconomics, largely for its inability to predict the impending financial and economic crisis. To be honest, this inability...

www.aeaweb.org

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Joe Hazell

@JADHazell

8 months

Proud alumnus here, ready to submit!

Maarten De Ridder

@DeRidderMaarten

8 months

🚨🚨 Call for Papers 🚨🚨 We're organizing the Cambridge Alumni in Macro (CAM) Conference on May 9/10 👉 For anyone with link to Cambridge (UG, PG, fac) 👉 All broad macro fields welcome 👉 Keynote by @S_Stantcheva 📢Spread the word +submit! (by Jan 12)

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Joe Hazell

@JADHazell

3 years

@KhoaVuUmn I think your Twitter account is fantastic and a great service to our profession.

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Joe Hazell

@JADHazell

4 years

@sam_a_bell @JonSteinsson @juanherreno @eminakamura2 Great minds think alike ;)

Joe Hazell

@JADHazell

4 years

New working paper! On the Phillips Curve, with @juanherreno @eminakamura2 and @JonSteinsson . Jon has a great summary, so here is the tl;dr:

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Joe Hazell

@JADHazell

3 years

@BrianCAlbrecht Ooh good question! Greater competition past a certain point (maybe) lowers innovation

Competition and Innovation: an Inverted-U Relationship*

Abstract. This paper investigates the relationship between product market competition and innovation. We find strong evidence of an inverted-U relationship

academic.oup.com

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Joe Hazell

@JADHazell

5 years

@BrianCAlbrecht @dandolfa @RebelEconProf Two great reference about whether and why this is true is Menzio & Shi (JPE 2011) and Schaal (ECMA 2018). For some kinds of directed search it turns out agents don't need to know the whole distribution!

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Joe Hazell

@JADHazell

5 years

@RemyLevin @ben_golub @SydneeCaldwell ’s JMP has this data, tests these predictions, and finds strong evidence! Ie people get job offers (and bargains at current jobs) through former coworkers at new jobs.

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Joe Hazell

@JADHazell

3 years

The most important chart about the UK economy---I'm constantly amazed and saddened by what happened to UK growth after 2008

Resolution Foundation

@resfoundation

3 years

Despite good news for the public finances in the Budget, the living standards outlook for households remains poor, with real wages set to fall again. In the 16 years following 2008, real wages are forecast to have risen by just 2% - compared to 36% in the 16 years up to 2008.

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Joe Hazell

@JADHazell

3 years

@arindube @paulkrugman @JonSteinsson Probably we are agreeing but we did learn about what *doesn't* trigger much inflation: short run falls in unemployment. Even if we don't understand why long run inflation expectations change, we now think that's the key object to focus on (instead of short run unemployment)

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Joe Hazell

@JADHazell

7 months

Thank goodness we have Larry Summers 👇

Joe Hazell

@JADHazell

7 months

@ben_golub This article still blows my mind! Look at the date!

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Joe Hazell

@JADHazell

3 years

Article from @TheEconomist discussing current research on AI and jobs. I'd forgotten just how well written the Economist is---makes me miss my subscription. Perfect title and abstract in the article.

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Joe Hazell

@JADHazell

2 years

@jmb112485 Randomize monetary policy! Raise/lower interest rates with a coin toss.

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Joe Hazell

@JADHazell

3 years

I am constantly astonished by how big and fast and sudden the paradigm shift is in policy---both monetary and fiscal.

Joe Weisenthal

@TheStalwart

3 years

Stop and think about these five words for a second and how this idea was embedded into Fed policy for so long

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Joe Hazell

@JADHazell

3 years

@lindsbullinger I had exactly the same feeling but the awesome the @Andrew___Baker , Larcker and Wang review paper made everything totally clear to me. I like the "clean controls" method of @arindube et al because it is really easy to implement and solves most of these issues.

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Joe Hazell

@JADHazell

3 years

Amazing news! Thrilled to hear, and of course it's very well deserved.

EEA

@EEANews

3 years

Ricardo Reis @R2Rsquared & Silvana Tenreyro awarded the 2021 Yrjö Jahnsson Award in Economics. More info at Congratulations to both.

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Joe Hazell

@JADHazell

2 years

🚨🚨🚨 Check out @Akash_Raja13 's job market paper! A great paper and researcher. 🚨🚨🚨

Ethan Ilzetzki

@ilzetzki

2 years

#Econjobmarket and #EconTwitter , have a look at @Akash_Raja13 's research: on the job market from @LSEEcon . His research is in macro/macro-finance/household finance. He has an excellent job market paper on the dynamics of stock market participation.

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Joe Hazell

@JADHazell

4 years

Just bought my copy of One Billion Americans! As a long shot: nominating my job market paper "Downward Rigidity in the Wage for New Hires" for discussion on the Weeds. @mattyglesias @DLind @cjane87 @voxdotcom

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Joe Hazell

@JADHazell

3 years

@arindube Thanks Arin! That's an awesome idea. We didn't look for heterogeneous effects. But we made our state level inflation data (for 1978-2018) public on our websites (state level inflation data did not exist before). So anyone can look

State Consumer Price Index

Using microdata from the Bureau of Labor Statistics, Juan Herreño, Emi Nakamura and Jón Steinsson and I created state level quarterly inflation rates for 1978-2018 in the U.S. Here is a beta version...

sites.google.com

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Joe Hazell

@JADHazell

3 years

@paulgp Costs of job loss: men who get laid off during recessions lose *2.8 years* worth of pre-lay off earnings.

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Joe Hazell

@JADHazell

3 years

This is a great idea and key for the policy debates. Our data are publicly available so anyone can have at it :)

State Consumer Price Index

Using microdata from the Bureau of Labor Statistics, Juan Herreño, Emi Nakamura and Jón Steinsson and I created state level quarterly inflation rates for 1978-2018 in the U.S. Here is a beta version...

sites.google.com

Arin Dube

@arindube

3 years

Free idea: what about something like a Bai Interactive Fixed Effect model allowing for different time varying factor and loadings (more general than 2-way FE), and then see if there are interesting correlates of the factor loadings like by unionization or other policy diff.

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Joe Hazell

@JADHazell

7 months

Congrats Dima @MukhinDA ! Richly deserved.

Ben Moll

@ben_moll

7 months

Congratulations to my brilliant @LSEEcon colleague Dmitry @MukhinDA ! An extremely well-deserved award for his hugely insightful work!

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Joe Hazell

@JADHazell

3 years

@BrandyLJensen Can't get hornier than this:

Catullus 5 - Wikipedia

en.wikipedia.org

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Joe Hazell

@JADHazell

4 years

@cogeorg We originally wrote an applied theory paper, I started grad school planning to do applied theory. Now, I do much more empirical work. The lesson for grad students: big changes over grad school are likely and healthy! Cc: @IvanWerning @ProfJAParker (8/8)

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Joe Hazell

@JADHazell

2 years

@BarbaraBiasi I am very clumsy so I have a hot beverage but use a "sippy cup" with a button that I press to let the liquid out :)

Kambukka Etna Black Steel - Thermal Mug 500ml/17oz – Coffee Mug to Go Stainless Steel – Leak-Proof...

Kambukka Bottle

www.amazon.co.uk

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Joe Hazell

@JADHazell

2 years

Found this fascinating and great for thinking about my own charitable giving!

Benjamin Todd

@ben_j_todd

2 years

What's the most effective way to tackle climate change? My take on research in effective altruism to date. It seems that many popular approaches (eg recycling, planting trees) don't obviously work or are expensive ($100+ per tonne CO2), but... /1

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Joe Hazell

@JADHazell

2 years

@binarybits @fullstackecon @juanherreno @eminakamura2 @JonSteinsson (3/3): Also inflation under the old method would be much more volatile for reasons that don't make sense (because house prices and mortgage interest rates are volatile). Check out this graph from the Appendix of our paper!

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Joe Hazell

@JADHazell

2 years

@binarybits @fullstackecon @juanherreno @eminakamura2 @JonSteinsson (2/3): People seem to think the new measure is a trick by the government to lower measured inflation. But @juanherreno discovered in our paper that inflation would be similar today if measured under the old method.

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Joe Hazell

@JADHazell

4 years

@snaidunl @dylanmatt @wwwojtekk @economeager Not clear he was wrong! Hours have been steadily declining over time, US is the (partial) exception:

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Joe Hazell

@JADHazell

4 years

@cogeorg If two banks lend a lot to one another in the interbank market, they typically lend to the same firm and industries. I was surprised! Interbank markets do not seem diversify real risks across the financial system. (4/8)

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Joe Hazell

@JADHazell

7 months

natural rate of return are extremely precise, because we use data from the universe of house price transactions. Here's our series! A very large decline in the natural rate of return before 2022, relative stability since then, and most important, very tight confidence bands

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Joe Hazell

@JADHazell

5 years

@JasonPremo @Noahpinion As a card carrying macroeconomist I will admit that thread is hilarious.

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Joe Hazell

@JADHazell

4 years

@ModeledBehavior @tylercowen Daron Acemogu!!

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Joe Hazell

@JADHazell

3 years

This but unironically

Maarten van Smeden

@MaartenvSmeden

3 years

How to become a SUCCESSFUL academic: a guide 1/n

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Joe Hazell

@JADHazell

5 months

@AtifRMian @VBPeral (0.0082% of property value, ~5% of extension value). But definitely something we will consider adjusting for in future versions. As you say we would have to use typical ground rents because we don't observe them property by property. (2/2)

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Joe Hazell

@JADHazell

5 years

@steveinmerida @Noahpinion @Pedanticus1 +1, especially at night. Hong Kong has great hiking, Dragon’s back is maybe the best day hike.

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Joe Hazell

@JADHazell

5 years

@Undercoverhist *please* do the cambridge capital controversy, it still confuses me ...

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Joe Hazell

@JADHazell

2 years

What a cool paper! Related to the classic Alwyn Young finding that TFP growth was not extraordinary during the Asian growth miracles and much of the growth was factor accumulation

The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience*

Abstract. This paper documents the fundamental role played by factor accumulation in explaining the extraordinary postwar growth of Hong Kong, Singapore, S

academic.oup.com

Thomas Philippon

@ThomasPHI2

2 years

(1) New Working Paper: the fundamental driver of growth in modern economies, Total Factor Productivity (TFP), is linear, not exponential. This is a paper I did not expect to write...

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Joe Hazell

@JADHazell

9 months

@and_joy_ tweets about our new paper on incentive pay and unemployment dynamics! Such a fun paper to work on with a great coauthor team (including 3rd year PhD student @meghanagrrrr )!

Abdoulaye Ndiaye

@and_joy_

9 months

1/16: Ever wonder how flexible incentive pay (bonuses, commissions, etc.) affects unemployment dynamics during business cycles? Our latest paper with @meghanagrrrr , @JADHazell , and @JohnRGrigsby provides an answer. Here's a quick overview of our findings. 🧵

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Joe Hazell

@JADHazell

5 years

@ben_golub Financial networks and contagion!

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Joe Hazell

@JADHazell

3 years

I learned *so much* about China's recent economic past and likely future from this chapter by Gordon Hanson.

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Joe Hazell

@JADHazell

3 years

@TDeryugina This is my favourite part of the discussion! I like to make the bold splashy claims that I feel got hedged out of the paper itself. Kinda fun to be looser and bigger picture than you can in your own talks.

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Joe Hazell

@JADHazell

2 years

@binarybits @fullstackecon @juanherreno @eminakamura2 @JonSteinsson (1/3): Now, inflation measures housing costs using owners' equivalent rent---the rent that homeowners would have paid if they were renters. Before 1983 the government used house prices and mortgage interest rates to measure housing costs instead.

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Joe Hazell

@JADHazell

7 months

@filpet4 @DavidBeckworth @AtifRMian I would come!

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Joe Hazell

@JADHazell

3 years

Great article on inflation outlook by Ball, @GitaGopinath , Leigh, Misra and Spilimbergo 👇

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Joe Hazell

@JADHazell

5 years

@annastansbury Comovement btw housing and durable non-housing is informative? The series look similar. Could be credit constraints affecting both. Could be complementarity btw durables and housing (I buy a new fridge/car when I buy new house).

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Joe Hazell

@JADHazell

3 years

Here's a thread of professors who will give feedback on job market candidates going on the market this fall in different areas (including me for empirical macro) 👇👇👇

Arpit Gupta

@arpitrage

3 years

If you're going on the market this fall with a real estate JMP (or something else you think might be relevant to my research) — reach out and we can schedule a quick Zoom call to discuss. Can't promise to read paper in depth, but happy to chat.

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Joe Hazell

@JADHazell

2 years

@arpitrage Risking sounding unfashionable; seems to me that high density parts of Manhattan are less attractive to most people? FiDi, Hell's Kitchen are high rise, new, big apartments, cheap + low demand; West Village, Nolita are old, less high, tiny apartments, expensive, high demand

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