Felicidades toni!

I wrote up a policy brief on a migration workshop I attended for Standard Error last month. There is not a single more important line of social science research for making sense of our times. Read it!

📢 New CEPR #eBook out NOW! 📚
"The Economic Consequences of the Second Trump Administration: A Preliminary Assessment"
Editors: Gary Gensler, @simonhrjohnson.bsky.social, @upanizza.bsky.social, @wederdim.bsky.social
Free download: cepr.org/publications...
#EconSky

gracias, jorge! la verdad es que tampoco hay tanta diferencia entre fiscal policy redistributiva y un aumento del salario mínimo de esa magnitud.

Tax Reform 2025 | The United States Senate Committee on Finance Tax Reform 2025

The Republican controlled Senate has released their Finance committee text. On energy policy, it improves slightly over the House bill — but it will still gut clean energy projects, killing jobs largely in Republican districts. This is a garbage bill. THREAD. 🧵
www.finance.senate.gov/tax-reform-2...

Thread: Senate Republicans released initial bill language for their #Medicaid cuts. I am reading the bill now and will highlight key changes from House-passed bill. Topline is provider tax restrictions are worse, will devastate expansion state finances (1/x) www.finance.senate.gov/imo/media/do...

When the House budget resolution first came out, moderate Republicans raised concerns about Medicaid. But, the House-passed bill cut Medicaid by $793 billion.

There was an expectation the Senate might moderate cuts. Now, they're looking at even bigger Medicaid cuts.

Nuestro post en @nadaesgratis.bsky.social sobre salario mínimo y consumo

Equity prices, market power, and optimal corporate tax policy We study the optimal design of corporate tax policy in a textbook life-cycle model featuring two key deviations: (i) firms are imperfectly competitive…

Reposting with correct handle this time...With
@nacho2g.bsky.social and Juan Montecino, our latest in European Economic Review on optimal corporate tax policy www.sciencedirect.com/science/arti...

Thanks, Reto!

great work, Reto!

1/8 🚨 New paper alert!: "Consumption Responses to a Major Minimum Wage Increase: Evidence from Spain" (w/ @nacho2g.bsky.social & Hector Sala). We study how a historic 22.3% minimum wage (MW) rise affected household spending. Key findings below!

The GOP Tax Bill Ignores Decades of Economic Research Assistance to the poor should be seen less as spending on people and more as investment in people.

My second in a two-part series on the perils of the GOP tax bill.

Last week's explained how the bill is exactly wrong for the economic moment of higher prices and potential recession.

This week's focuses on the Medicaid and SNAP cuts.
1/

www.bloomberg.com/opinion/arti...

I saw Risch present his pass-through work recently: ~80–90% of tax costs/benefits go to owners, just ~10–20% to workers—and mostly the top 30% of them, as you say. This is just rent-sharing, not broad-based wage growth. Using Risch's work to defend QBI deduction totally misrepresents it.

Trump’s Cuts to Science Funding Could Hurt U.S. Economy, Study Shows Reducing federal support for research and development could cause long-run economic damage and reduce government revenue.

Our analysis on the long-term effects of cutting federal R&D funding is featured in today’s @nytimes.com www.nytimes.com/2025/04/30/b...

Trump’s Cuts to Science Funding Could Hurt U.S. Economy, Study Shows Reducing federal support for research and development could cause long-run economic damage and reduce government revenue.

Our analysis on the long-term effects of cutting federal R&D funding is featured in today’s @nytimes.com www.nytimes.com/2025/04/30/b...

🚀 Kicking off IMPA’s Bluesky with big news!
Join us this Wed, April 23, as we host @josephestiglitz.bsky.social @ikuziemko.bsky.social @vanessawilliamson.bsky.social & more for a timely conversation on U.S. economic policy.
🕥 10am–12pm 📍 AU SIS
🔗 RSVP: impa.american.edu/tax-policy-i...

A paper I wrote with Ignacio Gonzalez and Juan A. Montecino out on @nber.org

Check out his website to learn more about his work: vasudeva-ram.github.io

Thrilled to share that Vasudeva Ramaswamy is on the job market! 🎉 His research spans macroeconomics, economic history, and public economics. Vasu is a brilliant economist and a wonderful person, and I feel fortunate to have had the opportunity to collaborate with him.

Saying hi to this new site by sharing my last ASR pub, w amazing colab @imarinescu.bsky.social! We show that privatized childcare services play a direct role creating family income inequality in the US, bc unaffordable childcare hurts lower income families most doi.org/10.1177/0003...

With new dataset, researchers show that low-income students remained a tiny percentage of the pop enrolled in US elite colleges for over 100 years.