Preserving learning in the age of AI. Some takeaways: learning is about a) the content b) learning how to learn and think—we should place greater emphasis on b); the socio-emotional context within the classroom will be (more) key. news.harvard.edu/gazette/stor...
In particular, the reported instability of the demand for reserves may itself mainly be a by-product of abundant reserves. I still struggle to get a convincing rationale for why central banks (e.g. the ECB) commit to staying ample, beyond prudence and a soft transition for banks. (thoughts welcome)
I recently caught up with this interview of Claudio Borio from @davidbeckworth.bsky.social on the future of CB operating systems t.co/2IMELpougN
(associated BIS paper: www.bis.org/publ/work110...). A key point: the often-stated argument for keeping an “ample” reserve framework may be overstated.
Post-doc position in Sevilla (for an applied economist), within a nice department (UPO)
This is quite surprising to me. Changes in salient prices and underlying inflation would explain little of the 2025 U.S. inflation expectations surge, leaving 7.5 p.points unexplained (grey part) at the 8 p.point peak. Does anyone know any work on that?
Stephen Cecchetti and Kermit L. Schoenholtz argued in a recent CEPR #PolicyInsight that tokenisation is the truly transformative innovation in finance today.
cepr.org/voxeu/column...
#EconSky
Philosophers, psychiatrist consider what we lose when we outsource struggle to AI - "I worry that 50 years from now we’ll only have people who learned with these devices present, and it will be harder and harder to motivate people to get an education"
news.harvard.edu/gazette/stor...
This seems great "AI Agents for Economic Research". I found the first paper and its update from Korinek (Generative AI for economists) very useful, nice to see a new update on AI agents www.aeaweb.org/content/file...
We find large excellence gaps emerge by 3rd grade across all demographics and persist through high school.
Paper is here: ideas.repec.org/p/feb/artefa...
Took BlaBlaCar again yesterday after years (great company). As often, when I mention I work on central banks, the first question is about money creation—essentially, why it’s not a magic fix for government budget constraints. Small sample, but I got the same question on my last BlaBlaCar 4 years ago
Was happy to attend, grateful for the prize and the enriching interactions during the 2025 Afrimed Finance Conference (worth attending)
Survey invitations often describe the topic of the survey. A simple, classic example of how this biases results: survey recruitment materials about bird watching led to higher estimates of the % of people who engage in bird-watching. doi.org/10.1093/poq/...
Hey @blueskystarterpack.com please add: bsky.app/starter-pack...
Next week, Workshop on Macroeconomics and Productivity at UA, open to the public 👇
Congrats Davide - wishing you efficient referee report turnarounds, like the 10-min one you produced in Alicante :)
Consistent with what some sociologists have been telling - effects on school choice especially present for 1st generation students and underrepresented minorities
Reading a speech from Isabel Schnabel, I discovered the #ECB has a youtube channel, Expresso Economics. Goal is to reach a broader public. Videos-high quality-published 2 months ago total... 500 views. Says a lot.
Social scientists take note: asking the right question is crucial to getting the important answer. @jburnmurdoch.ft.com has a banger of an analysis in today’s FT, and the right question is about media fragmentation and how we go about getting shared information. It’s not about misinformation.
Understanding causality vs. correlation is genuinely hard especially on complex topics like inflation. Our research finds that 60% of Americans think high interest rates cause high inflation & support rate cuts to fight it. But high rates usually respond to inflation,not cause it
Weird, but this is what Le Monde is reporting
If you could also make available the "day of the survey" for the Consumer Expectations Survey, like the Fed does for its Expectation Survey (enabling papers like this: www.sciencedirect.com/science/arti...), that would be super great too ☺️ (the CES team told me it is not accessible to ECB-external)
Today we (are lucky to) have Matteo Ciccarelli from the ECB in our Macro seminar in Alicante ! ☀️ (adding to this year’s great lineup of speakers)
Here is the (French) economic youtuber who gets most views in France (more than Bank of France..), I think the communication tools he uses (light, background, animations..) matter a lot for his videos to reach a broad audience, perhaps that’s useful if that’s the goal! youtu.be/zRPiNFhkb0w?...
To those in the US who want to donate $ to #Ukraine, consider these options
National Bank of UKR: bank.gov.ua/en/news/all/...
Humanitarian aid (tax deductible):
Kyiv-Mohyla Foundation of America: www.kmfoundation.org
Kyiv School of Economics: kse.ua/support/dona...
Nova Ukraine: novaukraine.org
This Friday I will be at the ECB presenting my work at this internal workshop, happy to meet researchers around
Staggering stats -and great to see research flourishing in this area. > than 50% of academics said to come from the 20% richest families, 5% from the poorest 20%. Father’s occupation predicts professors’ discipline choice. Difference in research agenda identified too papers.ssrn.com/sol3/papers....
Despite a large increase in the share of lower-income students in the college-going population, their representation at elite private or public colleges has remained at similarly low levels throughout the last century, from Abramitzky, Kowalski, Pérez, and Price https://www.nber.org/papers/w33164
Hola Santiago. Podrias por favor anadir @ivanpaya-econ.bsky.social (y yo si está abierto a economistas que trabajan en España :) )
Want to give a good scientific talk? TELL A GOOD STORY. don’t show the audience every result, don’t give us one slide on every paper you’ve ever published. If I want to read your resume, I will. Teach me something, tell me a story.
