Alan Finkelstein Shapiro

1. Less skilled labor is abundant. 2. Skilled emigration is a brain drain. 3. Development substitutes for migration. 4. Migration substitutes for failing development, but doesn't cause development.

The International Monetary Fund asked me to review the literature on migration economics to draw lessons for low-income countries.

In a new @iza.org paper, I argue that policy for the 21st century must discard four outdated ideas.

www.iza.org/publications...

🧵 thread—>

Leonardo Barreto Ph.D. candidate in Economics, University of Minnesota.

Why did U.S.Consumer Sentiment Index fall as unemployment and inflation returned to normal 2023-24?

@umn-econ.bsky.social JMC Leonardo Barreto @leonardo-barreto.bsky.social builds dynamic general equilibrium model with rich consumer heterogeneity to answer the question.

www.leonardo-barreto.com

🚨 Postdoctoral opportunities! 🚨

Hello #econsky! We are hiring 2 postdocs in the department of economics at UCalgary for those working in *electricity economics*

Term: 2 years
Pay: $80,000/yr + benefits + $10k research allowance
Start: July 2026

Details in next two posts 👇

👋I'm on the #EconJobMarket!

❓My JMP, together with @dkaenzig.bsky.social, Lixing Wang and Donghai Zhang studies how green innovation varies over the business cycle.

💡We find that green innovation is countercyclical, while non-green innovation is procyclical.

🔗https://tinyurl.com/4b45h979

🧵👇

New at JIE: "Interest rate uncertainty as a policy tool?" by Fabio Ghironi, Galip Kemal Ozhan (@galipkemal.bsky.social)

doi.org/10.1016/j.ji...

🚨 New Research on Carbon Taxation in Emerging Economies 🚨

What happens when a large emerging economy introduces a carbon tax?

Our new paper studies South Africa—the first African country to implement a nationwide carbon tax

@unu-wider.bsky.social @nber.org

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025 The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025 was awarded "for having explained innovation-driven economic growth" with one half to Joel Mokyr "for having identified ...

The Economics Nobel committee delivers a pretty clear rebuke to Trump's war on science and university research.

I'm delighted to announce the release of the Flagship Report of the Global Climate Policy Project at Harvard and MIT Working Group on Climate Coalitions on "Building a Climate Coalition: Aligning Carbon Pricing, Trade, and Development."

ceepr.link/3VmgC7g

A 🧵 on what we do/find:

LSE Green Skills Lab: Launch Event - Grantham Research Institute on climate change and the environment Join us to launch the LSE Green Skills Lab, a new interdisciplinary initiative supported by the LSE Global School of Sustainability that will produce academic research on the labour market dynamics of the green and digital twin transition, the identification of skill gaps in the green transition, and the development and evaluation of industrial policy to achieve a Just Transition.

🌳Join us on September 22nd to launch the LSE Green Skills Lab that will produce academic research on the labour market dynamics of the green and digital twin transition and the development and evaluation of industrial policy to achieve a Just Transition.

The ‘missing intercept’ problem with going from micro to macro Many applied microeconomics papers conclude with a back-of-the-envelope calculation that scales their cross-sectional estimates to the aggregate level. These types of aggregate estimates are only vali...

Very useful discussion on the perils of using micro/cross-sectional parameter estimates in inferring the aggregate effects of policies/shocks. This is pervasive in Economics, yet the two effects can even have the opposite signs. (Example in next post.) voxdev.org/topic/method...

Plz apply and share widely! Applications due Dec 1, GRE scores required. As a new program, we will be extremely invested in the success of our new arrivals. /n

Webinar in Finance and Development (WEFIDEV) This form collects interest for presentations in the fall season of the Webinar series in Finance and Development (WEFIDEV) for junior scholars working on finance topics in developing countries. We ar...

The #WEFIDEV #webinar series is back this fall!

We are looking for *preliminary or early-stage work* in #Finance and #Development to be presented

We also aim to have a session devoted to job candidates in finance and development on the market this fall

Submit:
docs.google.com/forms/d/e/1F...

1/ 🌍🚨 Overcoming five key challenges to make the energy transition a just labor transition — now in @natcomms.nature.com. w/ @sharanburrow.bsky.social, @alanfinkshap.bsky.social, @ct-economics.bsky.social, @mauropucheta.bsky.social, @danielraimi.bsky.social, @terzibus.bsky.social + colleagues

If you are in Cambridge, don't miss out on this session including fascinating papers by @mickeygb.bsky.social
and @benmoll.bsky.social

🚨 Call for papers:

Environment week at LSE will be Sept 22-25th.

Submissions are due soon (July 14)!

www.lse-environment-week.com/environment-...

T10E2: 12 años de esclavitud Capital y Trabajo · Episode

¡Es miércoles y hay nuevo episodio de Capital y Trabajo!

En esta ocasión, conversamos con @alvarolaparra.bsky.social sobre la economía de la esclavitud y su legado histórico, inspirados por la impactante y oscarizada "12 años de esclavitud".

🚨 NEW PAPER 🚨

In the largest multi-model study of U.S. decarbonization strategies to date, we explore technology and policy implications for reaching net-zero emissions using 14 energy-economic models. A thread of key takeaways in 10 charts...

@warren.senate.gov @markey.senate.gov

Changing Business Cycles: The Role of Women’s Employment (Forthcoming Article) - Women's labor force participation in the United States rose rapidly until the mid-1990s when it flattened out. I examine the impact of this change in trend on aggregate busines...

Forthcoming in AEJ: Macroeconomics: "Changing Business Cycles: The Role of Women’s Employment" by Stefania Albanesi. www.aeaweb.org/articles?id=...

Congratulations to @s-stantcheva.bsky.social on her well deserved Clark Medal!

Emerging markets with partially dollarised financial systems are particularly vulnerable to global financial cycles. This column examines how reserve requirements on foreign currency deposits can help mitigate credit booms induced by capital inflows. Focusing on Peru between 2008 and 2017, the authors combine microdata with a calibrated macro model to show that foreign currency reserve requirements reduce aggregate credit growth, with heterogeneous effects across banks depending on their exposure to foreign funding. These results underscore the value (and complexity) of macroprudential regulation in dollarised economies.

Foreign currency reserve requirements can be an effective tool to moderate aggregate credit growth in the face of capital inflows. In partially dollarised economies, asymmetries across banks make design of #macroprudential policy more complex.
E Andreasen, V Nuguer
cepr.org/voxeu/column...
#EconSky

@warren.senate.gov @edmarkey.bsky.social

🤩🤩 Paper finally out in the AER!

With my co-authors (incl. @bluebery-planterose.com & @s-stantcheva.bsky.social) we surveyed climate attitudes in 20 countries covering 72% of global emissions.

In brief, people want ambitious, global, and fair climate policies. A 🧵⬇️

www.aeaweb.org/articles?id=...

The University of Nottingham promoted me to associate professor!

This would have been impossible without fantastic coauthors, advisors, colleagues and the invaluable support from my family and friends.

THANK YOU!

Energy Markets, Decarbonization, and Trade, Spring 2025

🚨Incredible lineup at @nber.org conference this Thurs/Fri 3/20-21: **Energy Markets, Decarbonization, and Trade**

📑Agenda www.nber.org/conferences/...

🎥 Webstream www.youtube.com/nbervideos

Organized w Natalia Ramondo, supported by @sloanfoundation.bsky.social

@govmaurahealey.bsky.social

I was promoted to Full Professor! 🎉