This does very much show how the Cambridge Green Belt has failed. It was designed to stop Cambridge becoming a major urban centre, it happened anyway and all that meant is that its major extensions have to be built about 10 miles away from the city.

In a NEW JI WP Fergal Hanks @fhanksalot.bsky.social studies the temporary employment effects of shifts in labour demand across industries and the role of industry specific skills. #econtwitter #econsky Read the paper: www.janeway.econ.cam.ac.uk/publication/...

One of the biggest drivers of high housing costs is that a small, highly motivated group of incumbent homeowners block new housing in their neighborhoods and almost no one is organized to push back. Young people bear the brunt of that imbalance. Be a housing fan.

NEW JI WP: F. Bilbiie, F. Hanks & S. Lavender (Cambridge) study how consumption-hours complementarity makes HANK models deliver plausible fiscal multipliers while resolving two puzzles; it also proposes two functional forms for utility that feature arbitrary complementarity bit.ly/47qTXxx

New JI Video: Does shifting labour demand across industries cause aggregate unemployment? Fergal Hanks @econcam.bsky.social discusses how industry-specific skills + imperfect substitutability can raise unemployment by up to 0.5pp #econtwitter www.youtube.com/watch?v=Sp_G...

Get in loser we’re urbanizing California

Great article in the FT today— shows exactly why @camyimby.bsky.social exists. Cambridge has world-class ideas. But can we make space for the people who build them? We desperately need infrastructure, housing, and labs in Cambridge to power growth and innovation in the UK on.ft.com/4hJOOT9