Piotr Żoch
@pzoch5
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I work at @EconUW @UChi_Economics PhD, Research Fellow at @GRAPE_ORG Monetary economics, macroeconomic theory 🏳️🌈🇵🇱
Warsaw
Joined March 2019
Reminder:
Europe must stop this insanity: I found out today, in a UK official government report, that the value of a salmon's life is literally infinite! EDF spent £700m -- 700 hundred million pounds!-- on a Fish Recovery and Return system and Acoustic Fish Deterrents to build its
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A short post, based on my teaching notes, on the recurring mystique around banks “creating money” @dandolfa
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Interesting, but how is this economics?
NEW: Former U.S. Secretary of the Treasury Larry Summers opens his class at Harvard by acknowledging that he was in the Epstein files. Harvard has since launched an investigation into Summers following his appearance in the files. In newly released emails, Epstein coached
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Blah blah blah. These silly attacks are vacuous, repetitive, and tiresome. Is any other academic profession so repeatedly maligned by critics who have absolutely no idea what they are talking about?
One of the most dangerous things about mainstream economics is its claim to be an objective science, free from politics. Econ 101 will teach you that liberalisation and minimal state intervention are good for the economy. Does that sound politically neutral to you?
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A black box inside another black box.
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@Bellmanequation jokes aside, an incredibly smart Micro Theorist colleague at Nuffield College (who was teaching graduate Macro...), Kevin Roberts, used to say that there are 3 ways to do "money" in Macro: Kiyotaki 1 (+Blanchard), Kiyotaki 2 (+Wright), and Kiyotaki 3 (+Moore). Not so far-fetched!
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This statement- which is a common attack to economics as a discipline - is correct in a literal sense. But I think it's important to unpack it to show that - while the statement is correct - the message that the statement implies fundamentally is not! Here's the unpacking:
Economics is fundamentally political — it has never been, and never will be, an 'objective science.' This is because, at its core, economics is shaped by ideologies, human values, competing interests, social norms, and political priorities.
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Everyone, please attend! This is a fascinating topic with lots of opportunities and many open, challenging, and fun questions. Also, you won’t find anyone better than @JesusFerna7026 at explaining these things.
📢 VIMM Seminar 📢 Next week, @JesusFerna7026 (@Penn) will present his paper on "Deep learning for solving economic models" @vimacro_org Registration: https://t.co/t8Mhknl9eb Info/Paper: https://t.co/gt3FsMDw8f
#EconTwitter #Economics #Research #DeepLearning #MachineLearning
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Instead of wasting your time on these ramblings (I suffered through it!), please listen to someone who actually knows what they are talking about, @JesusFerna7026, for example here
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Forthcoming in the AER: "Financial Frictions: Micro vs Macro Volatility" by Renato Faccini, Seungcheol Lee, Ralph Luetticke, Morten O. Ravn, and Tobias Renkin.
aeaweb.org
(Forthcoming Article) - We argue that consumer credit spreads matter for household choices and that time-varying spreads have important distributional consequences. Studying Danish household data, we...
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@pzoch5 @mean_field_zane When they ran the Bloomberg piece on our EJMR paper, several people asked me if I was channeling @haralduhlig with my turtleneck. I took it as a compliment.
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@pzoch5 @HannoLustig *Comments on Ball and Mankiw has entered the chat*
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Some presidents have even published in Econometrica 😀
A president who reads the Review of Economic Studies. Americans had a president like that in the 90s ..on TV.
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A president who reads the Review of Economic Studies. Americans had a president like that in the 90s ..on TV.
Aquí les dejo un artículo de Fernando Álvarez que deja de manifiesto que la propuesta de Álvarez el Chorro, antes conocido como Álvarez el Gil, es un disparate total. ¿Qué diferencia hay entre la propuesta y que un chorro te espere a la salida de un cajero y te robe el 10%? O más
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