What a nice surprise - I received the AEJ-Macro Best Paper Award for my paper โEarnings-Based Borrowing Constraints and Macroeconomic Fluctuationsโ
The full paper can be found here: www.aeaweb.org/articles?id=...
Thank you to everyone who helped me write it back in the day ๐
23.04.2025 12:19 โ ๐ 14 ๐ 0 ๐ฌ 0 ๐ 0
Come and see Amy Handlan present her research on 'text shocks and monetary surprises' this Friday
I am looking forward to moderating the event
16.04.2025 12:30 โ ๐ 4 ๐ 1 ๐ฌ 0 ๐ 0
We just completed a first, preliminary draft of a new paper:
๐๐ก๐ ๐๐๐๐ซ๐จ๐๐๐จ๐ง๐จ๐ฆ๐ข๐ ๐๐๐๐๐๐ญ๐ฌ ๐จ๐ ๐๐๐ง๐ค ๐๐๐ ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง: ๐๐๐ฐ ๐๐ฏ๐ข๐๐๐ง๐๐ ๐๐ซ๐จ๐ฆ ๐ ๐๐ข๐ ๐ก-๐
๐ซ๐๐ช๐ฎ๐๐ง๐๐ฒ ๐๐ฉ๐ฉ๐ซ๐จ๐๐๐ก
Joint with Ko Miura
econweb.umd.edu/~drechsel/pa...
31.03.2025 13:36 โ ๐ 6 ๐ 2 ๐ฌ 0 ๐ 1
Happening today!
26.02.2025 13:40 โ ๐ 1 ๐ 0 ๐ฌ 0 ๐ 0
Our paper โIdentifying Monetary Policy Shocks: A Natural Language Approachโ
with Boragan Aruoba
was just conditionally accepted at AEJ:Macro!
Latest version:
econweb.umd.edu/~drechsel/pa...
Our estimated shocks, Fed sentiments & more are available here:
econweb.umd.edu/~drechsel/fi...
24.02.2025 13:50 โ ๐ 12 ๐ 0 ๐ฌ 0 ๐ 0
Looking forward to this online seminar!
I will present my research on the economic consequences of political pressure on the Federal Reserve: econweb.umd.edu/~drechsel/pa...
20.02.2025 13:43 โ ๐ 5 ๐ 0 ๐ฌ 0 ๐ 0
https://www.axios.com/2025/01/23/trump-davos-world-economic-forum
Donald Trump during Davos speech:
โI'll demand that interest rates drop immediatelyโ and likewise, they should be dropping all over the worldโ
t.co/TqxNo1lUjZ
23.01.2025 17:58 โ ๐ 6 ๐ 0 ๐ฌ 2 ๐ 0
Link to full paper:
econweb.umd.edu/~drechsel/pa...
04.01.2025 18:12 โ ๐ 0 ๐ 0 ๐ฌ 0 ๐ 1
Key figure from my #ASSA2025 talk below
How often did US Presidents meet with Federal Reserve officials?
Figure shows large variation, e.g.
Clinton: 6x
Nixon: 160x
In the paper, I combine this new data with a narrative approach to gauge the economic effects of political pressure on the Fed
04.01.2025 18:12 โ ๐ 7 ๐ 2 ๐ฌ 1 ๐ 0
At the AEA meetings in San Francisco?
Check out this nice session on Friday morning: "Identifying Monetary Policy"
With presentations by Amy Handlan @michaeldbauer.bsky.social @kronerniklas.bsky.social myself and Philippe Andrade
Thank you Philippe for organizing! #ASSA2025
02.01.2025 14:48 โ ๐ 11 ๐ 1 ๐ฌ 0 ๐ 1
2024 in Featured Charts
Economists addressed issues related to remote learning, carbon pricing, species extinction, and more.
From the academic consequences of remote learning, to pricing carbon, to the cost of species extinction: here are the 10 most-read Featured Charts of 2024. #econsky www.aeaweb.org/research/cha...
23.12.2024 10:04 โ ๐ 36 ๐ 15 ๐ฌ 1 ๐ 2
We recently posted a new version of our paper
"Identifying Monetary Policy Shocks: A Natural
Language Approach" - with Boragan Aruoba
We use natural language processing techniques to identify monetary policy shocks!
Paper available here: econweb.umd.edu/~drechsel/pa...
26.11.2024 14:20 โ ๐ 15 ๐ 7 ๐ฌ 0 ๐ 0
Happy to see my work mentioned in the Financial Times
In the paper, I estimate the effects of political pressure on the Fed through time, using new data
Link to the full paper here:
econweb.umd.edu/~drechsel/pa...
19.11.2024 14:08 โ ๐ 7 ๐ 0 ๐ฌ 0 ๐ 0
New NBER working paper, joint with Sebastian Doerr and Donggyu Lee
We show that higher income inequality tightens financing conditions for bank-dependent firms compared to those accessing stock/bond markets
The reason is that high income households tend to save in stocks/bonds instead of deposits
18.11.2024 12:41 โ ๐ 3 ๐ 0 ๐ฌ 0 ๐ 0
Hi everyone, I just recently signed up to Bluesky. I am mostly interested in macroeconomics and monetary economics, but also politics and history. Letโs connect! ๐
14.11.2024 13:59 โ ๐ 4 ๐ 1 ๐ฌ 0 ๐ 0
Research economist at the Bank of England. My personal views only.
Assistant Professor of Business Economics & International Business, Alberta School of Business, University of Alberta | Former AP of HEC Montreal | PhD in Economics, Columbia University | International Economics/Finance/Business
We are a network of academic economists committed to an inclusive economy and society.
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Professor of economics at the European University Institute.
CEPR, established in 1983, is an independent, nonโpartisan, panโEuropean nonโprofit organization. Its mission is to enhance the quality of policy decisions through providing policyโrelevant research, based soundly in economic theory.
Macroeconomist. Former Deputy Assistant Secretary for Macroeconomics at US Treasury. Views are my own.
Research Economist at the Atlanta Fed (views = my own). TSE and U of York alumnus. Rhinelander in ATL. Interests include: Trade/Geography/History/Cities.
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Economist working in international macro. Interested in LATAM firms, banks and labor markets. UMich Econ alumni. Views are my own.
EBRDโs Director of Research, CEPR Research Fellow, part-time Professor of Finance at KU Leuven. ๐ณ๐ฑ๐ณ๏ธโ๐๐ช๐บ. Views are my own.
Chief economics correspondent at The Wall Street Journal
Bennett Professor of Public Policy, University of Cambridge; economist
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Economics Commentator, Financial Times; Honorary Professor of Practice, UCL Policy Lab
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Applied economic theorist: competition and information. Chief Economist @LawEconCenter Price Theory Newsletter http://pricetheory.substack.com.
Economist, Nonprofit and philanthropy educator, New Havenite, family person, cocktail maker.
