Johannes Boehm
@johannesmboehm
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Professor of Economics, @GVAGrad, @cepr_org. Growth, Trade, Productivity, Organization, Environment, South Asia
Berkeley, CA
Joined March 2013
@thomas_chaney and I updated our working paper on "Trade and the End of Antiquity" (which recently got some airtime here). A short re-cap: 1/n
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Agree that econ departments select too much based on technical skills (for PhD and for TT jobs). But perhaps that's (privately) optimal given info frictions; technical ability is more easily observable? How do you screen for depth of thinking based on 1 paper? Not easy.
In case that wasn't clear, this is not a criticism of this year's choice - I know and respect the work of all three laureates - but of the incentive structure academic econs built. It's doubtful if a young Mokyr would finish a PhD in econ or get a good job today. That's a problem
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What a great paper!
Very cool paper on the impact of Law and Economics https://t.co/hHIXglJHq5 "[...] economics, as a rigorous social science, was especially effective in persuading judges."
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Let the sabbatical begin! Thank you to @ucberkeley economics for hosting me for the year (and thanks for the nice office view!)
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A few days ago, Charlie Plosser passed away, another sad loss in a year that has not been kind to the profession. Charlie was one of the great macroeconomists of his generation, and it is difficult to single out just one of his contributions. His 1983 paper with John Long in
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Fabulous programme for the #EEA25Bordeaux Congress thanks to our great programme chairs @abicadams and @johannesmboehm and the entire scientific committee. Thanks a lot to all. And this is the #EEA40thAnniversary ! Join us in Bordeaux! https://t.co/fSfV2j1D6p...
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Today's trade deal between the US and the EU -- if as reported in the press, and if independent from other agreements -- is a massive mistake on the EU's side. Instead it should have called the bluff. The US would not have imposed 30% on EU imports for long.
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Fabulous programme for the #EEA25Bordeaux Congress thanks to our great programme chairs @abicadams and @johannesmboehm and the entire scientific committee. Thanks a lot to all. And this is the #EEA40thAnniversary ! Join us in Bordeaux!
As the scientific programme of #EEA25 is released, let us thank our scientific committee for putting together everything. Thanks to you all: https://t.co/GXYkFO9JsO Full scientific programme: https://t.co/Y608JLmAlV
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Pretty incredible to have one of your favourite non-fiction authors discussing your research! Thank you to @peterfrankopan for talking about my work with Thomas Chaney on coins, trade, and the end of antiquity on his substack:
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Every time this picture shows up in my social media feed I become more convinced that this graph from a paper by @johannesmboehm is maybe the best econ graph ever.
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I do not think that the government's formula is an appropriate way to think about reciprocal tariffs. And it is unclear what the note references or doesnโt from my research with Cavallo et al. But I believe our work suggests the value for the โelasticity of import prices to
USTR: "The elasticity of import prices with respect to tariffs, ฯ, is 0.25. The recent experience with U.S. tariffs on China has demonstrated that tariff passthrough to retail prices was low (Cavallo et al, 2021)." Cavallo et al: ฯ is 0.945. https://t.co/rIZfsgcZMu
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As @ojblanchard1 points out, the bulk of the price response to tariffs might come from domestic manufacturers due to reduced competition. That's exactly what we found when we studied the China shock in the 2000s:
It is tempting to say that imports are only 15 percent of US GDP, so that the effect of higher tariffs on the price level will be limited. This ignores the fact that many domestic firms are competing, directly or indirectly through the supply chains, with foreign producers.
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๐งต Thinking about a career in international economics? (Please RT) 1/ Looking to combine academic rigor with policy relevance? Want to make a real impact in economic policy and research?
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1/6 Economics for a Better World Study at the @GVAGrad ๐ Passionate about economics & policy? Our Masterโs in Economics provides rigorous academic training & practical policy skills Here's why you should apply! (please RT) @dominic_rohner @johannesmboehm @GCarbonnierICRC
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The fantastic paper by @johannesmboehm, Etienne Fize, and @XJaravel, presenting 5 facts about MPCs, is out at AER! Watch their @vimacro_org seminar on @YouTube: https://t.co/GUK4ZNtVW1
@AEAjournals @GVAGrad @PSEinfo @LSEnews @cepr_org #EconTwitter #Research #Economics #EconX
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Just as it makes no sense to ban painkillers despite the risk of abuse, it makes no sense to forswear a monetary-policy tool because it must be employed with caution, observe @johannesmboehm and @XJaravel.
project-syndicate.org
Johannes Boehm & Xavier Jaravel think that central banks should be prepared to carry out direct transfers to households as a last resort.
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Interesting new research by @XJaravel & @johannesmboehm with new evidence that direct central bank transfers to households can be an powerful stimulus tool at the ZLB - provided it's time-limited, exceptional and carried out in full political independence.
project-syndicate.org
Johannes Boehm & Xavier Jaravel think that central banks should be prepared to carry out direct transfers to households as a last resort.
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Central banks should prepare โ both legally and operationally โ to carry out direct transfers to households when conventional monetary policy fails, argue @johannesmboehm and @XJaravel.
project-syndicate.org
Johannes Boehm & Xavier Jaravel think that central banks should be prepared to carry out direct transfers to households as a last resort.
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[1/n] Great see how our op-ed on the "missing monetary policy tool" out in @ProSyn, with @johannesmboehm. The gist: central banks should get ready for direct monetary transfers to households. ๐๐๐๐๐ https://t.co/AinwFSVaIZ
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Thinking about an Econ-PhD? Interested in macro-time series or int.macro-sustainable finance? @upanizza and I are hiring two PhD students to join @GVAGrad and work with us on interesting projects while completing their thesis. https://t.co/9i8F1pxWCO
https://t.co/CJnQ8wPfIS
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