Our paper on forward selection Fama-MacBeth regression is a NBER working paper (with Denis, Aleh and Yukun)

Don't forget to submit your paper to the 1st AIBE workshop on Digital Payments and Financial Inclusion in beautiful Sao Paolo. Deadline has been extended to April 17.

Very much looking forward to this workshop!

📣The Call for Paper for the 2025 AIBE Workshop on "Digital Payments & Financial Inclusion"
@FGV_EAESP
is out! submit your papers here: aibe.website/aibe-worksho... #Brazil #Italy #Fintech KEYNOTE SPEAKER: @nicolaborri.bsky.social

The Year in Books Our Book Review staff on the best of 2024.

As 2024 comes to a close, our editors and critics reflect on the best books and their favorite reads of the year. Listen to today's episode of "The Daily."

With DNA, Pompeii Narratives Take a Twist In 79 A.D., a volcanic eruption engulfed a town’s residents. They weren’t all who scientists thought, newly extracted genetic material suggests.

New evidence challenges long-held assumptions about the people of Pompeii. Appearances can be deceiving! 🏛️🔬 Read more: www.nytimes.com/2024/11/07/s...

Yes.

Billion dollar squirrel: Trump effect fuels crypto’s ‘memecoin’ boom Tokens based on online viral moments outpace bitcoin over past month but critics say they reflect market froth

FT article on the memecoin craze

www.ft.com/content/66fe...

Big congrats Luca! Well deserved.

Is France heading for a Greek-style debt crisis? Investors have been rattled by political paralysis and parlous public finances

Deja vu

www.ft.com/content/a3dc...

Glad to see our work on the "inefficiencies of carbon trading markets" featured in the Institutional Money Magazine (in German) #EconSky

www.institutional-money.com/magazin/theo...

Hong Kong plans crypto tax break for hedge funds and billionaire families Chinese territory is competing with Singapore and Switzerland to become top offshore finance hub

Tax competition for crypto

www.ft.com/content/5438...

UniCredit makes €10bn offer for Italian rival Banco BPM Deal would create one of Europe’s most valuable lenders and has no implications for Commerzbank stake, bank says

Important new developments from the European banking market this morning
www.ft.com/content/37ec...

Perhaps a large external shock might help users coordinating the migration onto different technology. It looks like a multiple equilibrium issues.

Spread of innovation in a small world network.

Assume that the nodes of a social network can choose between two alternative technologies: B and X.
A node using B receives a benefit with respect to X, but there is a benefit to using the same tech as the majority of your neighbors.
Assume everyone uses X at time t=0. Will they switch to B?

Thomas Kurtz, mathematician, 1928-2024 His invention of the Basic programming language paved the way for the personal computer revolution

The inventor of Basic programming language
www.ft.com/content/c01c...

Browse our research: globalcapitalallocation.com/research

Data and code on global capital allocation available for researchers: globalcapitalallocation.com/data

Tariffs and taxes are not very inflationary Households will pay, but probably not through much higher prices

Interesting pieace by @chrisgiles.bsky.social on the inflationary effetcs of tariffs and taxes

www.ft.com/content/d54e...

Hi #EconSky,

Not sure if the Starter Pack party's over, but I've made an Econ Starter Pack of Starter Packs! 😄
It's a work in progress, so I may have missed some. Let me know if there's anything to add—DMs are open!
Thanks for support @economista.bsky.social!

docs.google.com/spreadsheets...

Who’s Laughing Now? Banana-as-Art Sells for $6.2 Million at Sotheby’s A conceptual artwork by Maurizio Cattelan, “Comedian,” is just a fruit-stand banana taped on the wall. But 7 bidders were biting. It went to a crypto entrepreneur.

Modern art trying desperately to keep up with NFTs
www.nytimes.com/2024/11/20/a...

Mass X-odus: professionals desert Elon Musk’s network Creatives and freelancers miss opportunity and inspiration after decline of X

Great news!

www.ft.com/content/3051...

The GCAP Lab is now on Bsky.

@gcaproject.bsky.social

Follow it for research on capital flows, geoeconomics, the dollar, sanctions, offshore and tax havens finance.

We use this account to disseminate policy relevant updates, research papers, public datasets, events, and teaching materials

Premio #Bancor a Raghuram Rajan con il patrocinio di Banca #Ifis. Splendida Keynote sui rischi di un mondo frammentato nella bellissima cornice di Palazzo Brancaccio.

May in Rome seems pretty nice for a conference. I'm submitting!

Great! And I confirm, Rome very nice in May :)

The call for the third edition of the Luiss Finance Conference is out. This time we are looking for papers on Corporate Finance and Financial Intermediation. Keynote by Manju Puri. Spread the news. #EconSky

cepr.org/events/luiss....

Now arriving at #EconSky !

Several of our finest minds—> @lkatz42.bsky.social @susanathey.bsky.social @dacemoglumit.bsky.social et (many) al.!

And our top journals—> @qjeharvard.bsky.social @jpolecon.bsky.social @reveconstudies.bsky.social @aeajournals.bsky.social

Tell your colleagues it's time.