RT @kylefbutts: Introducing w @nickchk and @grant_mcdermott . Hopefully makes the Stata -> R pipeline much easier.….

My first Medium story! "Research under ‘heroic’ assumptions: how many Trump and Biden voters have died from COVID-19?"

Congrats to David Evans, a @uoregon economist, whose work appears as the lead paper in this month's Econometrica! @ecmaEditors .

RT @hockendougal: What's going on with global supply chains? (aka "why are we running out of everthing," "why is shipping so slow," "why ar….

RT @benconomics: In case you haven't started looking in the JOE yet, there's a tenured endowed chair (open field) opening in the @uoregon e….

RT @JournalTax: New work in @JournalTax:.“The Effect of Cannabis Legalization on Substance Demand and Tax Revenues”.By Keaton Miller (@mill….

Re: the @nytimes spelling bee. Last year the NYT used the word "zoonotic" more than 40 times in print. It used the words "inurn" and "minim" (from yesterday's spelling bee) zero times. Don't tell me "zoonotic" is obscure and "minim" is not.

If answer to either is "no", then STR regulations may backfire (at least for keeping house prices down). More work to do in pinning this down, though. 7/7.

Conclusion: party-houses likely affect home prices. Two Qs for policy makers considering STR restrictions:.1. Are people staying in STRs spending tourism dollars in your city? (prob. not for suburbs).2. Do STRs bring new tourists in? (prob. not for saturated areas) 6/7.

Using a diff-in-diff framework with the City of LA as a control, we show the policy did not decrease house prices and likely increased them. "Party-related" calls to Santa Monica police started going down as soon as implementation began. 5/7.

One negative estimate is for Santa Monica, a wealthy oceanfront suburb with lots of tourism. In 2015, Santa Monica implemented a strict anti-Airbnb regulation, hoping to encourage housing affordability. 4/7.

We demonstrate this empirically. We separately estimate the impact of the marginal Airbnb listing on house prices for each of the 88 cities in LA county. Several estimates are negative. 3/7.

However, press and policymakers worry about negative externalities -- e.g. party houses. If negative externalities are big enough, they might overcome the upward house price pressure created by rental revenues. Easy to show with with model of housing market. 2/7.

New working paper with @john_morehouse7 and @Brett_Garcia_ on the impact of short-term rentals (Airbnb) on housing prices: Prev. consensus in lit. is that Airbnb drives up house prices by giving home-owners a new option. 1/7.

RT @benconomics: The effects of the pandemic, @millersdrafts talking to @KVALnews here.

To be clear, I'm not throwing shade at graduate students in general. I just know that my own code was significantly, uh, less polished at that stage in my career, and my simulated agents probably "suffered" as a consequence.

Executive decision: in any simulation I run from now on, as soon as the science purpose is complete, I'm giving every agent a happy ending; the most positive outcome possible. The grad student running this universe iteration is a jerk.

New publication on optimal wage cuts during recessions: employers should protect low-wage workers and cut more from the top. Bonus: I examine a plan from an actual university, and they did a "pretty good" job!

For non-economists: this means that leaders should be protecting the most vulnerable (i.e. lowest paid) and cutting from the top first.