Juan Herreño

Opinion | Columbia’s Administrators Are Fooling Themselves

A timely and trenchant piece by Suresh Naidu. When future generations sift through the wreckage of our era, they’ll find it strewn with the institutional and personal failures of leaders both great and small.

www.nytimes.com/2025/07/23/o...

🚨 Excited to share insights from a paper I co-authored with @juanherreno.bsky.social on why emerging economies often face financial crises or "Sudden Stops"! Just published in Journal of International Economics (@jintlecon.bsky.social )

📝 Link: shorturl.at/JdJhr

#Econsky #Macroeconomics

Something has happened in the last three months that has led basically every economic forecaster to predict that inflation will be substantially higher than they previously thought.

OH COME ON STEPH!!!!

Micro MPCs and Macro Counterfactuals: The Case of the 2008 Rebates* Abstract. We present evidence that the high estimated MPCs from the leading household studies result in implausible macroeconomic counterfactuals. Using th

Recently accepted by #QJE, “Micro MPCs and Macro Counterfactuals: The Case of the 2008 Rebates,” by Orchard (@jakeorchard.bsky.social), Ramey, and Wieland: doi.org/10.1093/qje/...

Video: Trump, Zelensky and Vance Argue Over Ukraine War President Trump and Vice President JD Vance scolded President Volodymyr Zelensky of Ukraine during a meeting in the Oval Office on Friday, claiming he was not grateful enough for U.S. aid.

This will be remembered as the day when America's honor took a deep dive...

And meanwhile #Ukraine will keep fighting for all of us who believe in freedom, justice and democracy

#UkrainianView

www.nytimes.com/video/us/pol...

If you think you've seen this move before, you have.
(These are from mid-2019.)

Maybe you find our paper with @mathpedemonte.bsky.social interesting.

juanherreno.github.io/geo_mp.pdf

Just posted a new textbook chapter on “Money and Banking.” Covers bank runs, panics, banking regulation, lender of last resort, payment systems, development of paper money, ledger-based money, fractional reserve banking, bills of exchange, free banking, and more!
eml.berkeley.edu/~jsteinsson/...

As I am now handling papers at AEJ:Policy again, I want to encourage authors of papers that identify partial equilibrium effects to consider (in a rigorous manner) how they relate to policy effects or general equilibrium effects.

Recently accepted by #QJE, “When Did Growth Begin? New Estimates of Productivity Growth in England from 1250 to 1870,” by Bouscasse (@paulbouscasse.bsky.social), Nakamura, and Steinsson (@jonsteinsson.bsky.social): doi.org/10.1093/qje/...

Happy to see our paper with Bernardo Candia out at the @jeeanews.bsky.social. We use high frequency data and variation from countries that left the gold standard to estimate the cost of bilateral exchange rate appreciations in US cities

Regression is a tool for making comparisons

If you don't know / can't easily explain what comparisons you're trying to make, then you don't understand the regression you're running

Fantastic conversation