"The grocery store market is hyper-competitive. Somehow, Trader Joe's performs ahead of them, at least in terms of metrics like sales per square foot and so on. How does it do it?" www.chicagobooth.edu/review/podca...

New paper out today! The most cost-effective nudges in the US and UK are NOT the most cost-effective in China, Mexico, or India. journals.sagepub.com/doi/10.1177/... @sagepub.com @casbsstanford.bsky.social @chicagoboothreview.bsky.social

"The trap is that the right time never seems to come, creating a vicious cycle that gets in the way of happiness. Long awaiters never jump back into things they love doing." www.chicagobooth.edu/review/why-t...

In this week's "On Global Markets", @duncanweldon.bsky.social asks if GDPR has helped or harmed consumers' data privacy: kentclarkcenter.org/filterable-c...

At least 34 states + DC made new or expanded investments in housing & homelessness solutions in their most recently enacted state budgets. Looming federal housing cuts mean it's more critical than ever for states and localities to act: www.cbpp.org/blog/state-a...

This paper investigates how country-specific factors influence #inflation responses to import price shocks in #Greece, focusing on the role of wage rigidities. Read: spkl.io/63328Ac64E Subscribe: spkl.io/63323Ac64J#inflation#Greece#EconSky

“A person might go, ‘This is too burdensome for me. I’m going to stop making this decision altogether.’” www.chicagobooth.edu/review/six-w... #econsky

We recently polled our Finance Experts Panel on Trump Accounts. The confidence-weighted answer to the 1st question is as follows: kentclarkcenter.org/surveys/trum...

Research finds that for most US workers, take-home pay tends to fluctuate almost every month, even when people keep the same job. www.chicagobooth.edu/review/volat... #econsky

The unemployment rate for Black workers soared to 8.3% in November. That's more than double the rate for white workers.

2025’s extreme weather had the jet stream’s fingerprints all over it, from flash floods to hurricanes. An environmental geosciences professor explains these unusual patterns: buff.ly/Fqi5WJN

Tariffs on medical goods resulted in $3.4 billion in duties assessed between February and July 2025—more than 10 times the same period in 2024, with 55.8 percent pass-through, from Manho Kang, Xiangtao Meng, Katheryn N. Russ, and James Waters www.nber.org/papers/w34531

Do AI detectors work well enough to trust? Researchers tested three commercial and one open-source detector on various texts that were either human written or AI generated. www.chicagobooth.edu/review/do-ai... #econsky

Once principal architect & guarantor of the rules-based international system, the US now actively challenges the institutions & norms it created; direction of travel is towards a world with higher trade barriers, weaker institutions & more fragile growth, @cepr.org ebook cepr.org/voxeu/column...

We recently polled our European Economic Experts Panel on AI, Growth, and Jobs. The confidence-weighted answer to the 2nd question is as follows: kentclarkcenter.org/surveys/ai-g...

The affordability crisis is an inequality crisis. When prices spike in key sectors, it's not just inflation—it's a massive redistribution shock that hits poor households hardest. In our **new working paper**, we identify the sectors that matter most. A thread 🧵 scholarworks.umass.edu/entities/pub...

“The promise of AI is to improve our lives,” says Chicago Booth's Amy Ward. “Let’s hold it to that standard.” www.chicagobooth.edu/review/can-a... #econsky

“I had absolutely no idea where that price came from. I was spectacularly clueless about what art was, but more embarrassingly, about how the market for art worked. I’m an economist—I’m supposed to know that.” - Chicago Booth’s Canice Prendergast www.chicagobooth.edu/review/surre... #econsky

We recently polled our European Economic Experts Panel on AI, Growth, and Jobs. The confidence-weighted answer to the 1st question is as follows: kentclarkcenter.org/surveys/ai-g...

The model explains that ongoing U.S. #trade deficits supply dollars worldwide, boosting demand & value of U.S. assets, & that U.S. asset dominance relies on #global imbalances. Read: papers.ssrn.com/sol3/papers.... Subscribe: www.ssrn.com/index.cfm/en... #EconSky

Are we in a stock market bubble? There’s a raging debate in markets about the sustainability of today’s high stock valuations, and it starts with this chart👇 Shiller P/E has a strong track record of flagging bubbles, and it's flashing red. (link below)

Dozens of cities across the U.S. adopted Vision Zero programs to reduce the number of pedestrian deaths. But in nearly all, deaths have risen. From @rachelsiegel25.bsky.social, Ian Duncan, @moriartymaps.com & Emmanuel Martinez: www.washingtonpost.com/business/int...

New York, Los Angeles, Chicago, Boston, and other big US cities have traditionally been a good bet for real-estate investors. But that view is changing. www.chicagobooth.edu/review/podca... #econsky

We recently polled our US Economic Experts Panel on AI and Growth. The confidence-weighted answer to the question is as follows: kentclarkcenter.org/surveys/ai-a...

ICYMI📢 NORC’s #ImpSci horizon scan explored challenges and future directions for patient-centered clinical decision support (#PCCDS). Key insights: progress requires patient input, patient-centered terminology, and stronger transparency. Read here: pubmed.ncbi.nlm.nih.gov/35534996/

An emphasis on long-term thinking leads to this crucial consideration: We shouldn’t be focusing on fully automating criminal-justice decisions but instead be determining where we can trust algorithms and when humans should intervene. www.chicagobooth.edu/review/can-a... #econsky

Though most Americans would rather forget the pandemic, its cities are still feeling the consequences. We’ve crunched the numbers to show which ones are struggling the most econ.st/44KRI6f

Chicago Booth’s Canice Prendergast has been studying this strange world, from an economist’s point of view, and has outlined his findings in two papers. www.chicagobooth.edu/review/surre... #econsky

@katarzynabilicka.bsky.social, Michael P Devereux, & Irem Güçeri argue that the scale of profit shifting from high-tax to low-tax jurisdictions may be larger than many firm-level studies suggest - perhaps twice as large. cepr.org/voxeu/column... #EconSky

It’s the season of giving thanks, but research suggests expressions of gratitude may not always land as intended. In some cultures, thanking close friends or family can cause offense. www.chicagobooth.edu/review/thank...

We recently polled our European Economic Experts Panel on Low-carbon Energy R&D. The confidence-weighted answer to the 2nd question is as follows: kentclarkcenter.org/surveys/low-...

Critics of social welfare programs often talk about how payments can disincentivize work. But is that always the case? www.chicagobooth.edu/review/podca... #econsky

We recently polled our US Economic Experts Panel on Housing in New York. The confidence-weighted answer to the 2nd question is as follows: kentclarkcenter.org/surveys/hous...

The labor market is not falling off a cliff, but it is loosening. With an unemployment rate at 4.44% and rising we think the Fed moves ahead with a third risk management rate cut in December to get policy closer to neutral

Despite >4 ppt rate hikes that raised Australian mortgage payments by ~$13,800, adjustable-rate borrowers didn’t cut spending—they used large pandemic savings buffers. New brief from Elias, Gillitzer, Kaplan, La Cava & Prasad. bfi.uchicago.edu/insights/the...

Moves by married hetero couples tended to benefit the men more than the women, research finds. www.chicagobooth.edu/review/work-... #econsky

Digital services and tools upon which many of us have come to rely—for working, shopping, socializing, banking, etc.—are fast, convenient, easily accessible, and often don’t cost any money. But they still carry a price. www.chicagobooth.edu/review/do-am... via @kentclarkcenter.bsky.social

Chicago friends! I will be giving a book talk at my alma mater, UChicago, this Wednesday at 5PM. Hope to see you there! bfi.uchicago.edu/events/event...

US construction of factories & other manufacturing structures inched down to the lowest levels in nearly two years in official data released today Construction is down roughly 8.6% over the last year as CHIPS Act projects complete and tariffs weigh on manufacturing investment

We recently polled our Finance Experts Panel on SLR and Systemic Risk. The confidence-weighted answer to the question is as follows: kentclarkcenter.org/surveys/slr-...

"...the fade-out effect has been viewed as a devastating critique of early childhood programs, our results highlight that fade-out is a key rationale for providing early education to all... largest benefits at scale when everyone receives such programs" #EconSky #PolicySky www.nber.org/papers/w33027

Human generalization function for #LLMs Humans believe if LLM performs well in Task A they will perform well in Task B… and why that can be problematic Work by @keyonv.bsky.social @asheshrambachan.bsky.social @sendhil.bsky.social arxiv.org/abs/2406.01382

Is there really no grand unified theory of human behavior that incorporates all its irrationalities—only departures from the standard model? www.chicagobooth.edu/review/capit... #econsky

In the latest VoxTalks Economics Rick van der Ploeg (@oxfordecondept.bsky.social ) joins @talknormal.co.uk to argue that gradual climate policies won’t deliver real change — what’s needed is a big push for transformation in economies and societies. 🌍 Listen here: cepr.org/multimedia/b... #EconSky

Research indicates that traditional drug testing and approval processes threaten to prevent many promising personalized medicines from ever reaching the market. www.chicagobooth.edu/review/regul... #econsky

1/🍷 Who really paid for the 2019 U.S. tariffs on European wine? Foreign producers cut prices—but domestic markups pushed costs up. U.S. consumers ultimately paid more than the government collected in tariffs. bfi.uchicago.edu/insights/who...

In March 2019, we asked our US Economic Experts Panel about Modern Monetary Theory. The results of the 2nd question are below: kentclarkcenter.org/surveys/mode...

"The point is not to get the right answers, or if my answers are right. The point is that a Fed chair, and those who appoint him or her, should understand the questions and the pro-con arguments." www.chicagobooth.edu/review/quest... #econsky

This is such a bizarre talking point; I've thankfully never had to use most of the types of insurance that I have for me and my family This is a good excuse to share my WSJ letter to the editor explaining that "not filing a claim doesn’t mean you didn’t need insurance" www.wsj.com/opinion/the-...