Money is the most fascinating topic in economics. This is a sample of the books I've been checking this week as I work on an article 😊

RT @AltermattLukas: Join us this fall for these exciting virtual seminars!.

RT @ioannis_kospe: We are up and running for Fall 2025!.

🔖 The @_SaMMF_ Fall 2025 schedule is LIVE!. I'm thrilled to announce our lineup of virtual speakers in Macro and Finance. 📅 Sep 8: Randall Wright.📅 Oct 6: Brendan Daley.📅 Nov 10: Guillaume Rocheteau.📅 Nov 24: @SakiBigio . All seminars are at 12pm ET on Zoom. Register on.

RT @SBFin_: 🏆 Prize Session – REAG Investimentos | EBFin 2025. Durante a cerimônia de encerramento do XXV Encontro Brasileiro de Finanças (….

📢 Don't miss @_SaMMF_ next seminar! Prof. @GuidoMenzio (@NYUFASEcon) will present "Markups: A Search-Theoretic Perspective.". 🗓️ Date: Monday June 9, 2025.⏰ Time: 12:00 PM ET (US and Canada).🔗 Registration: #EconTwitter #Economics #Finance.

RT @AltermattLukas: Check out this great seminar by Quentin!.

6/6 Interestingly, the paper suggests that financing QE with zero-interest reserves (as some propose to avoid central bank losses) would render QE ineffective for boosting aggregate demand, as it wouldn't change bondholders' interest rate risk exposure.

5/6 Key finding: US QE programs likely made a positive net present contribution to welfare. The cumulative risk-neutral cost is estimated at 0.25% of GDP, with an upper bound of 0.69% of GDP. This is compared to estimated output gains of 1.19% to 3.36% of GDP.

4/6 The optimal QE program size? It's where the marginal benefit of stimulating output equals the marginal cost of induced rollover risk and deviatation from optimal tax-smoothing. The paper quantifies this trade-off using Fed data.

3/6 But this isn't free – it exposes the government to rollover risk – the Fed reported a mark-to-market loss of 4 pp of nominal GDP over 2022 – and deviates from optimal tax-smoothing.

2/6 Paper develops a model with distortionary taxes, nominal frictions, and zero lower bound (ZLB). At the ZLB, QE stimulates output by shortening gov. debt maturity, which transfers interest rate risk from bondholders to the gov – leading to higher private spending.

Check out the latest video from @_SaMMF_! @QuentinVandewe2 discusses “The Fiscal Cost of Quantitative Easing” with @AdriendAvernas @hubert2fraisse and Liming Ning. Thanks @AltermattLukas for hosting it!.#QuantitativeEasing #FiscalPolicy #Economics.

RT @ioannis_kospe: 📢 Don't miss this @_SaMMF_ seminar by Katka Borovickova on “Assortative Matching and Wages: The….

RT @ALashkaripour: 🚨We just released a paper examining the long-terms economic impacts of "Liberation Day" tariffs. In summary: while th….

I dreamed I was in an alternate universe. There’s a country with a government deficit at 6.3% of GDP and debt at 120%. The President chose to cut spending and raise taxes as a way to bring the deficit down. Then economists criticized it. wait, am I still asleep?.

A lot has been said about the 10-yr Treasury yield and its implications. Among major economies, only the US yields are below Januanry levels. Treasuries become pricier compared to other gov. bonds since Trump took office, as expected---flight to safety in uncertain times.

This is bad journalism. The 10-year yield has been hovering just under 4.5% for all of March and remains below January/February levels. It simply recovered from the dip after the tariff announcement.

RT @UoE_Economics: 🎓Huge congratulations to Dr Hamid Nejadghorban on completing their PhD & officially becoming a Doctor of Philosophy in E….

X prompted me to mark my account's 5-year anniversary; reminding me I started this account to promote the @_SaMMF_ kicked off by @poweill presenting "Inventory, Market Making, and Liquidity" with Kargar and @benjamminlester on May 18, 2020!.

Register now for the next @_SaMMF_ seminar! 🎓. 👩‍💻Presenter: Katarina Borovickova (@RichFedResearch) .⏰When: Monday, April 7, at 12:00pm ET (9am LA, 5pm London).📄Paper: "Assortative Matching and Wages" with Rob Shimer. Registration: @ioannis_kospe.