Consistent with our structural model of the COVID-era housing market (www.sciencedirect.com/science/arti...)! We argued “stay-at-home” shocks accounted for 1/2 of the increase in demand, and low mortgage rates explained about 1/3.

Because: (1) firms (I.e. investment and hiring decisions) are sensitive to interest rates; (2) government spending/taxes is sensitive to interest rates; and (3) non-interest sensitive households are sensitive to the changes in employment, income, and govt. spending/taxes in (1) and (2).

Oh probably.

Why Women Have Better Sex Under Socialism - Wikipedia

The chaser to this shot:

en.m.wikipedia.org/wiki/Why_Wom...

WAMS+LAEF 2024 in on for the next three days in Perth, Australia 🤩
Other Macroeconomics conferences talk about Black Swans. We actually have Black Swans ⚫ 🦢

Program: shorturl.at/dZ8fk

(photo of Black Swans taken literally just over the road from venue)

Looking forward to WAMS in Perth tomorrow. First time presenting at WAMS and first time visiting Western Australia! Conference schedule looks great. Yet another 🔥🔥🔥 year for Aussie macroeconomics.

ausmacro.com/WAMS2024/wp-...

ChatGPT, Meta and Google generative AI should be designated 'high-risk' under new laws, bipartisan committee recommends Generative artificial intelligence tools like OpenAI's ChatGPT should be deemed "high-risk" under dedicated legislation that could enable the most dangerous technologies to be banned, a bipartisan com...

First, the news media and digital platforms mandatory bargaining code. Then the disinformation bill. Then the social media ban. Now this. The Australian government is a pack of neo-Luddites that hate the internet.

www.abc.net.au/news/2024-11...

Very good news. 60,000 new homes.
This is the way to make housing affordable.
There needs to be more of it.

Previewing the next issue of NZEP, the research journal of the NZAE🍋 Volume 58 Issue 3 covers monetary policy, fiscal and labour policies, and the electricity sector

First attempt as Editor to keep everyone abreast of new research published in New Zealand Economic Papers. NZEP Volume 58 Issue 3 (2024) presents a complementary set of papers on monetary policy, fiscal and labour policies, and the electricity sector.

Enjoy!

(nzae.substack.com/p/previewing...)

Of not much in particular. The Monetary Policy Remit signed by the same govt that threw out the dual mandate introduced an expectation of: “avoiding unnecessary instability in employment” (www.rbnz.govt.nz/-/media/proj...).

You say potatoes, I say potahtoes.

NZ’s Robertson Says Dual Mandate Didn’t Change RBNZ Decisions (Bloomberg) -- New Zealand Finance Minister Grant Robertson has defended the central bank’s dual mandate as “normal” and not something that’s caused inflation or interest rates to be unnecessarily hig...

Tbf, no one seriously thought NZ’s dual mandate changed monetary policy decision making (www.yahoo.com/news/nz-robe...). Was mostly cosmetic.

Australia appears to be running several bad ideas up the flagpole at the moment…

🚨Econ job market 2024🚨
We have three positions open on the junior market this year.
The advert can be found in various places such as:
www.aeaweb.org/joe/listing....
www.jobs.ac.uk/job/DCK281/l...
 
The positions are any field. #econsky