The Why Hat
@TheWhy__Hat
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phd guy keeping up with the economist homies// a little bit of politics just to have some fun // math cool guy
Joisey
Joined May 2023
🚨 New paper on the effect of minimum wages (MW) on prices with a meta-analysis 🚨 Meta-estimates of the effect of MW on prices imply that a 10% increase in the MW leads to a 0.3 - 1.1% increase in prices. Link below 👇 #EconTwitter #EconX #minimumwage #LaborEconomics
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Recently accepted by #QJE: “Monetary Policy and Sovereign Risk in Emerging Economies,” by Arellano, Bai, and Mihalache:
academic.oup.com
Abstract. This paper develops a New Keynesian model with sovereign default risk. Inflation is set by forward-looking firms, monetary policy is an interest
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Really happy to see our paper on ⚡️zero-sum thinking ⚡️out in the March issue of the American Economic Review @AEAjournals, after many years of work (a summary thread from 2023 below 🙂👇) with @sahilchinoy @SMGSequeira and @DrNathanNunn.
Zero-sum thinking is a key mindset that shapes how we view the world. Excited to share a new paper on the roots and consequences of Zero-sum thinking with @sahilchinoy, @DrNathanNunn @SMGSequeira. A summary thread🧵1/23 https://t.co/wqk3BQ5lGZ
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Installing indoor air monitors significantly cuts household PM2.5, mainly via air purifier adoption, yielding sizable health gains and net benefits, from Benjamin Krebs and Matthew J. Neidell https://t.co/fBKg8TTobX
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Examining what to tax when artificial general intelligence erodes the traditional tax bases of labor income and consumption, from @akorinek and Lee Lockwood https://t.co/qQTyxxvzZ0
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Well yeah we’ve seen San Francisco and Austin
The speed with which American voters are turning against data centers is breathtaking. One comparison might be what happened to nuclear after the double-whammy of "The China Syndrome" coming out days before Three Mile Island, except there's no equivalent in terms of Hollywood
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New paper finds that during sleep, immune cells in your blood travel to the brain and clear out lipid waste. When this process is blocked: - lipids build up in the brain - mitochondria get damaged - memory declines - lifespan shortens
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Local forecasters are better than foreign ones. Why? Because they have access to better information. Just Accepted new paper by Kenza Benhima @KenzaBenhima @kenzabenhima.bsky.social and Elio Bolliger @BolligerElio, @eliobolliger.bsky.social
direct.mit.edu
Abstract. Using inflation and growth forecasts for a panel of emerging and advanced economies, we provide evidence that foreign forecasters publish and update their forecasts less frequently than...
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Here's an example of how much ground progressives have lost on trans issues: In 2016, Dems won NC on the back of the bathroom bill's backlash. Those bills were quite unpopular back in 2017! They are now ~20 points above water — 52% for, 33% against. https://t.co/XwFp3fbKCK
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In almost everything we polled, the public — including wide swaths of Democrats — is aligned with the conservative view on trans issues 🔴Gender surgery for minors: -35 🔴HRT for minors: -23 🔴Bathroom bills: -19 🔴K-12 sports: -35 🔴Gender identity in elementary school: -15
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Translation: the mRNA flu vaccine works. The data are good, and the FDA buried the evidence.
Here the Moderna flu data the FDA refused to review. This is the most important slide from the company's study of its experimental flu vaccine-- exactly the data FDA said it wouldn't even review. And below is a thread of relevant slides from that presentation and links to
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Applications for the 2026 EDUCATE workshop are now being accepted. See https://t.co/k5wTaa3XTk for more information and to apply.
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Relative deprivation leads to an increased risk for financial distress. In the January issue, by Paula Roth @pau_roth
direct.mit.edu
Abstract. Several studies have linked rising insolvency rates to increasing inequality and argued that this might be explained by individuals’ desire to “keep up with the Joneses.” Using unique...
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In Europe, the clampdown on trans surgeries came via the bureaucracies of socialized medicine. In the U.S., the fear of lawsuits might deliver the biggest blow. I suppose that says something about how each place works.
BREAKING: 1st Detransitioner to Take a Medical-Malpractice Lawsuit to Trial Wins $2 Million Judgement Fox Varian sued her Westchester, NY, area psychologist and plastic surgeon for the gender-transition mastectomy she got at 16. I was the only reporter to attend the entire
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Using a tractable model to examine why countries fall behind the technology frontier highlights the roles of absorptive capacity, institutions, mismatch, and credit frictions, from @DrDaronAcemoglu, @ufukakcigit, and @baselinescene
https://t.co/LHHfn9vL7v
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First new working paper of the year 💫✨ Link: https://t.co/7lj2dt5a2V In this paper, we document the Bamboo Ceiling for Asian economists and examine its root causes using a mixed-methods approach and various data sources (including EJMR data!).
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A review essay on financial crises that applies new insights to the historical experience of crises in the US, from Eric Hilt https://t.co/3sk55AdRsW
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This paper raises critical questions about (over)using public-debt-to-GDP as a measure of debt sustainability. Debt/GDP is at historic highs, but interest/GDP and debt/equity show flat or falling patterns. Better theory, smarter metrics and less focus on debt/GDP needed.
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In discrete/spatial general equilibrium models, aggregate measures (GDP, average utility, and sum of compensating-variations) are flawed. This paper builds on Debreu (1951) to analyze aggregate productivity instead, from @Dbaqaee and @arielburst
https://t.co/47ezmD4Isf
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Liquidity shocks trigger mortgage default. Negative home equity plays a smaller role. In the January issue, by David Low
direct.mit.edu
Abstract. Why do homeowners default on mortgages? This paper studies the question using a survey specifically designed for the purpose, with a sample drawn from (and matched to) rich administrative...
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