David Rakowski

Here's the updated link: nam12.safelinks.protection.outlook.com?url=https%3A...

NEW: analysis of millions of books published over the centuries suggests western society is shifting away from a culture of progress, and towards one of caution, worry and risk-aversion.

I think this is one of the most important challenges facing us today.

I always post before class due to accessibility concerns. However, I deviate a lot from my slides during class.

#EconSky Andrew Chen: @achenfinance
#ASSA2024 / #AFA2024, I'll be talking about the most shocking research that I've worked on. It makes me wonder if everything I've been taught about asset prices is wrong. Theis Jensen (discussant) +@SBryzgalova.
arxiv.org/abs/2212.10317

#EconSky @nberpubs
Using new data on flows across many asset classes to study the rebalancing behavior of US households, including high-net-worth individuals, in response to market fluctuations, from
@xgabaix, @rkoijen , Federico Mainardi, @plausiblyexog
, and @motoyogo
nber.org/papers/w32001

How Cartels Infiltrate The Border Patrol Rotten cops aren't only south of the Rio Grande. Cartels use cash, sex and blackmail to recruit "narco migra."

“A key difference, Pacheco says, is between Border Patrol agents who roam the desert, and customs officers, or CBPOs, who work the official crossings. A corrupt customs officer takes less risk yet has the opportunity to make more money.”

t.co/THsM3q80U5

#EconSky Paolo Crosetto @PaoloCrosetto
Economists applying lexicographic order to journals, yet again
🤔

#EconSky Romain Espinosa @EspinosaRomain
I'm not sure economists are familiar with this APSR paper. The authors test whether the experimenter demand effects (EDEs) are large by blankly telling participants the hypothesis they aim to test. They don't find evidence for EDEs.
doi.org/10.1017/S000...

Sanctifying evil: The Nazi Party as a political religion Hitler’s ascent to power constitutes an enduring puzzle: a transition from democracy to autocracy underpinned by popular support. This column attributes the Nazi Party’s success to its status as a...

Romesh Vaitilingam @econromesh #EconSky
Where Christianity arrived late to Germany, the Church never developed deep roots; in this spiritual vacuum, the Nazi message as a quasi-religious cult could flourish; indicators of ‘shallow Christianity’ are strong predictors of local Nazi support, @voxeu

Green jobs for fossil fuel workers: The implications of geography and skills for the clean energy tr... In the absence of effective and cost-competitive carbon capture or removal technologies, a near complete phaseout of fossil fuels will be required to reach net-zero greenhouse gas emissions. This colu...

Richard Baldwin
@BaldwinRE
Green jobs for fossil fuel workers: The implications of geography and skills for the clean energy transition | CEPR. ⁦
@voxeu
cepr.org/voxeu/column...

The Skeptical Economist - By Olivier Simard-Casanova Economics explained, one scientific paper at a time

So the answer is: it’s the share of immigrants within the population

Next week, I’ll publish a popularization article about an econ paper that investigates a possible fix for this informational discrepancy

Don’t miss it by subscribing to my newsletter: skepticalecon.wordpress.com

Thanks to your feedback (as well as on Threads, Mastodon and The Bad Place), I will probably settle on the following theme, minus some minor adjustments

The light theme won mostly because I want to keep this pink color, and the dark theme doesn’t have enough contrast

#EconSKy
Mohamed A. El-Erian @elerianm
The cover of @jpmorgan ’s 2024 outlook written by Michael Cembalest. #economy #markets

#EconSky: Still expecting rate cuts?
Mohamed A. El-Erian @elerianm
This morning's JOLTS data, job vacancies fell from 8.85 million in Oct to 8.79 million in Nov. Lowest level in more than two years and below the consensus of 8.82%. Ratio of openings to unemployed unchanged at 1.4. bls.gov/jlt/

#EconSky NBER @nberpubs
The random assignment of female-sounding names to online sales agents in sub-Saharan Africa led to 50 percent fewer purchases by customers, from Erin M. Kelley, Gregory V. Lane, Matthew Pecenco, and
@edrubin
nber.org/papers/w31998

From the Great Divergence to South-South divergence The long era of the Great Divergence has come to an end with the rapid economic ascendance of Eastern Asia, and China in particular. But economic historians have yet to define an agenda to analyse the...

#EconSky
VoxEU @voxeu

Economic historians have yet to define an agenda to analyse the causes & consequences of #economic divergence across the #GlobalSouth.
@EwoutFrankema
(@RHI_WUR @Econ_WU ) argues that there is an urgent need to focus on this South-South divergence. ow.ly/UesW50QnroH

#EconSky
Andrew Chen
@achenfinance
Why do finance professors get paid more? Clerier, Vallee, and Vasilenko provide some fascinating charts. aeaweb.org/conference/2...

A grid of various Simpsons screenshots as Chinese Dynasties, from the first: "Xia, a reporter screams with the text Dramatization, may not have happened"; "Shang, Homer dismisses Lisa in the car by saying You can't stop progress because of some moldy old bones. Bones Schmones."; "Zhou, Homer tells Bart at the dinner table, Your ideas are intriguing and I wish to subscribe to your newsletter"; "Warring States, Grandpa Abe types a letter saying, 'Dear Mr. President, there are too many states nowadays, please eliminate 3"; "Qin, Homer angrily tells Bart, we live in a society of laws! Why do you think I took you to all those Police Academy movies?"; "Han, Homer reads a list to Lisa's disappiontment reading, 'Literacy programs, preserving our beloved covered bridges, world domination"; 3 Kingdoms, Grandpa Abe says, 'In fact, I've got a real funny story about that, actually not so much funny as it is long'; Jin, I'm sorry I've run out of room and Bluesky won't allow me to post more.

the dynasties and periods of China as Simpsons Quotes

#EconSky
Justin Wolfers
@justinwolfers.bsky.social
Senator, you asked for a chart illustrating the present scale of immigration. twitter.com/JDVance1/statu…

#EconSKy Albert J. Menkveld @albertjmenkveld
blog post on Reproducible Science. Is posting your code and your data enough to ensure that your results can be reproduced? Please find the post here: albertjmenkveld.com/blog/2023-06...

#EconSky @JournalFQA

Gao, He, and Wu find that firms engage in CSR/ESG activities to signal their financial strength when they are under non-fundamental-driven negative price pressure. jfqa.org/2022/08/01/s...

#EconSky Ryan Israelsen
@israelsen.bsky.social
Ultra transparent gas prices. How often did they have to repaint the sign?
Quote John Lounsbury @jlounsbury59
Explaining the high cost of gasoline in 1955

Organizing my reading for the new year: #EconSky
@nberpubs
The fall in the debt/GDP ratio over 1946–74 is explained primarily by budget surpluses and distortions in interest rates from Fed policy and inflation, not by economic growth, from
@AcalinJulien
and Laurence M. Ball nber.org/papers/w31577

#EconSky sophie
@netcapgirl

#EconSky @giorgiabarboni.bsky.social
We look forward to receiving your submissions to the 3rd #WEFIDEV @cepr_org
workshop in #Finance and #Development. Super excited for the Milan "chapter" of our in-person gathering!
docs.google.com/forms/d/e/1F...

#EconSky
Simon Kuestenmacher @simongerman600
We need much smaller parcels of land to produce the same amount of food. Progress! Source: buff.ly/3RoP0Mu

Do investors care about carbon risk? We study whether carbon emissions affect the cross-section of US stock returns. We find that stocks of firms with higher total carbon dioxide emission…

Fun to reconcile with
www.sciencedirect.com/science/arti...

#EconSky @ssrn.bsky.social
This paper examines the relationship between #carbonemissions & future #stock returns in Hong Kong and Singapore #stockmarkets. Read More: spkl.io/60114s2sN Subscribe for Free: spkl.io/60124s2s4
@SPGlobal #FinanceTwitter #ESG

#EconSky EU_Eurostat @EU_Eurostat

Martin Schmalz
@martincschmalz

Data is freely available here corporateownershipdata.com