What drove top inequality in France since 1984? Markups, taxes, and asset prices, but mainly through saving-rate responses. The paper quantifies the mechanisms in a heterogeneous-agent model with three assets (deposits, housing and capital) and disciplined by DINA data.
Forthcoming article "Unpacking Rising Inequality: The Roles of Markups, Taxes, and Asset Prices" by Stéphane Auray @eyquem2.bsky.social @bgarbinti.bsky.social and Jonathan Goupille-Lebret
@eeanews.bsky.social
doi.org/10.1093/jeea...
Teaching materials available: www.eeassoc.org/teaching-mat...
En France, "il sert à tout sauf à financer la recherche", la charge de Philippe Aghion contre les milliards gaspillés du Crédit d'Impôt Recherche
challenges.fr/economie/il-sert-a-tout-sauf-a-financer-la-recherche-la-charge-du-prix-nobel-philippe-aghion-contre-les-milliards-gaspilles-du-cir_641949
Tariffs can stimulate entry and slow automation in the short run, but their effects on production, trade, and welfare are subtle — and depend crucially on redistribution. www.nber.org/papers/w34935
📣Out today📣:
Report on #wealth and #inheritance in #Switzerland, based on close to 17 million tax records
190 pages of facts & figures, put together with @fuster.bsky.social, @izmartinez86.bsky.social & Falone Moseka, and supported by E4S (@heclausanne.bsky.social, EPFL, IMD)
👉 lnkd.in/dPuCknGm
It is with deep sadness that the Paris School of Economics community and the academic world have learned of the passing of Roger Guesnerie, its founding president.
His intellectual legacy will continue to inspire the academic community.
post a perfect album from the 90s that isn’t nirvana, pearl jam, soundgarden, or alice in chains.
Depending on how you look at it growth in Q3 was very very strong or very strong or just possibly merely strong. Annual rates:
GDP: 4.3%
Real final sales to domestic purchasers: 2.9%
Average of GDP & GDI: 3.4%
GDI: 2.4%
[traduction]
Le retard de l'Europe dans le secteur technologique : importe-t-il vraiment ?
(Paul Krugman)
annotationsbis.blogspot.com/2025/12/le-r...
Aurélien Saïdi, @cescoeco.bsky.social & I have a new JEDC paper on Michel Juillard's contribution to macro, aka his role as architect & curator of open-source Dynare software—used worldwide to estimate and simulate DSGE models
It's important for 2 reasons:
www.sciencedirect.com/science/arti...
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 @cepr.org Discussion Paper:
*The Output Cost of Inheritance*
👉 ow.ly/av0650XrIHz
with @eyquem2.bsky.social @izmartinez86.bsky.social and Enrico Rubolino
#econsky
Great Opportunity for those who want to work on the economics of inheritance
🚨Postdoc position in public economics🚨
Four-year postdoc at @heclausanne.bsky.social, funded through @snsf.ch project "The Economics of Inheritance and Inter-Vivos Gifts".
Application deadline: 30 December.
#econsky @unil.bsky.social @eyquem2.bsky.social @izmartinez86.bsky.social
bit.ly/4qWyG6G
So they didn’t like the ad. Let’s just post Reagan’s 5 min speech against tariffs as it appears on YouTube.
Over and over. On all platforms (some of y’all are still on X).
*1981 Sherrilyn horrified by 2025 Sherrilyn saying “let’s post Reagan’s speech.”
youtu.be/5t5QK03KXPc
Voilà, le premier épisode de notre podcast est bouclé.
Du coup, on l'a publié dès ce soir.
C'est en deux parties. 2h30 d'écoute au total.
Dont un entretien passionnant avec @alavigne.bsky.social, où il est longuement question de retraites.
C'est par ici :
creators.spotify.com/pod/profile/...
Le bon lien est ici...
open.spotify.com/show/1hL1OME...
Road test today for new paper "The Output Cost of Inheritance" (with @eyquem2.bsky.social, @izmartinez86.bsky.social & Enrico Rubolino).
More to come soon...
Thanks to @usiidep.bsky.social for being excellent hosts!
Students Hate Them. Universities Need Them. The Only Real Solution to the A.I. Cheating Crisis. www.nytimes.com/2025/08/26/o...
Just out (finally 😊): On Automation, Labor Reallocation and Welfare, with Stephane Auray doi.org/10.1016/j.je...
Quantifying the effects of tariff hikes and decomposing the contributions of various channels.
Short paper quantifying the effects of tariff hikes without or with retaliation. www.nber.org/papers/w33739
A great short overview on tariffs and trade, highly recommended!
"In a world of trade tensions, what do tariffs really do?" by Ralph Ossa
www.wto.org/english/blog...
A photo of a bunch of Nike shoes.
How much do you think it costs to make a pair of Nike shoes in Asia?
Before you open this thread, take a guess. Settle on a number and then compare it to what you'll learn in this thread. 🧵
I do not think @chadpbown.com realized when he launched it how much work would it be to keep this page updated (amazing resource, by the way).
“Ordinarily I would say that while tariffs are bad, they don’t cause recessions,” Paul Krugman says on this episode of “The Ezra Klein Show.” “What’s unique about this situation is that the protectionism is unpredictable and unstable. And it’s that uncertainty that is the recessionary force.”
I'm seeing a huge spike in interest in tariffs from people who normally don't work in the economics of international trade. Here are a few useful things to know about them. (1/14)
You can perhaps say “tariffs can do some good” but you just can’t say “tariffs are tax cuts.” And I’ve never been dogmatic about tariffs. I wish universities could revoke PhDs when one of their graduates utter statements that violate basic principles of their academic discipline.
“In Finland, the number of homeless people has fallen sharply. Those affected receive a small apartment & counselling with no preconditions. 4 out of 5 people affected make their way back into a stable life. And all this is CHEAPER than accepting homelessness.”
These people are absolute idiots