New: 'Preemptive austerity with rollover risk' by Juan Carlos Conesa (Juan Carlos Conesa) and Timothy Kehoe (@TimTkehoe). Why do countries engage in austerity in the presence of low interest rates?
doi.org/10.1016/j.jint… 1/2

New: 'Quantifying the Germany shock: Structural labor-market reforms and spillovers in a currency union' by Harald Fadinger (Harald Fadinger), Philipp Herkenhoff and Jan Schymik (@janschymik).
doi.org/10.1016/j.jint… 1/2

RIP Jonathan Eaton, a great economist that transformed the field of international trade. He should have received a Nobel prize for his many invaluable contributions to economics.

reposting this (as I forgot to do so back then)...

I learned a lot writing this paper:

1) how household heterogeneity shapes aggregate trade, its responses, and the gains from trade

2) When heterogeneity matters (or not) and the role of market incompleteness and inefficiency

What a win for Wolves at our local DC spot Across the Pond Restaurant & Pub !! A rare gathering of Wolves fans in DC Baltimore Wolves Whole Lotta Wolves District of Footy

Less than 11 percent of online job posts contain wage information, and those which do present wide ranges. Presence and precision of wages vary systematically, from Honey Batra, Amanda Michaud, and Simon Mongey nber.org/papers/w31984

Marta , a JMC at UAB and BSE, studies the role of wage expectations in the labor market in her JMP. She finds that in expan periods, agents underestimate future wages increasing the effect of prod shocks on the labor market.

Check Marta Garcia Rodriguez webpage
sites.google.com/view/martagarc…

Midwest Macro is migrating to the Mid-Atlantic!

VCU Economics and the Richmond Fed are excited to co-host the Spring 2024 meetings on May 17-19, 2024.

We have two incredible keynote speakers lined up in Nobuhiro Kiyotaki and Emi Nakamura.

business.vcu.edu/midwest-macro-…

Thank you, Tim, for sharing this, and for your continued support!

My #JMP shows that in economies distorted by taxes and subsidies, increasing R&D investment can unexpectedly reduce gains from trade.

Check out more on my website: sites.google.com/umn.edu/simeng…

Entian Entian Zhang is a UMN job market candidate studying internation trade. Using Chinese data he finds that financial frictions on firms reduce total imports and distort the sourcing decisions of importers. Check out his website!