All core instantaneous inflation measures rose in July; CPI nowcasted to rise in August #econsky @clevelandfed.bsky.social @janeeckhout.bsky.social econbrowser.com/archives/202...

Measuring how interdisciplinary research is, based on citations. Main insight: philanthropic and Chinese funders are most interdisciplinary open.substack.com/pub/johnsonb...

Onion headline: Undocumented aliens bussed to Army Parade celebrating President’s birthday to pad crowds

📢 Now open for applications! The 2025 ERC Advanced Grant call for proposals. 📢 Are you an established Principal Investigator who needs long-term funding to pursue ground-breaking research? The ERC Advanced Grant could be for you! Apply by 28 August 2025 👉 buff.ly/f6FEXHk 🧵Thread 1/5 👇

For those not on the other platform on Google and DOJ's proposed remedies for Google's 3rd antitrust defeat (adtech). I threaded Friday's hearing but this full doc is nothing short of beautiful. Best stuff may be missed so hear me out. This is a huge deal - 10yrs, "lifeblood of the Internet." /1

Another killer acquisition… No more car sharing. Isn’t it poetic how they spin it?

Important competition news in the EU today. Interoperability to get more competitive digital markets: “Apple should allow third party app stores on iOS and apps to be downloaded to the iPhone directly from the web. […] Apple failed to comply with this obligation” ec.europa.eu/commission/p...

Instantaneous inflation down, but not as low as mid-2024 #econsky @janeeckhout.bsky.social econbrowser.com/archives/202...

Observing the handling of paper slips on Amtrak (reissuing new slips if you go past NY!) tells me there is still a lot of room for technological progress

I am hiring a Junior Economics Researcher at UPF Barcelona. Please apply if you are interested macro, market power, labor euraxess.ec.europa.eu/jobs/332002 #EconJobs #AcademicJobs #Economics #JobAlert

If Europe doubles defense spending now, it will get substantially less than double in defense goods and services. Prices have gone up. What matters for security is quantities, not expenditure

Happy 81st birthday to Brazilian mathematician Marilda Sotomayor! She has been a trailblazer in the area of game theory concerned with matching markets, which she started studying under David Gale in the 1980s, and subsequently brought back to Brazil. #WomenInSTEM #WomensHistoryMonth 🧮

Instantaneous inflation measures (per @janeeckhout.bsky.social ) down #econsky econbrowser.com/archives/202...

Crypto is for crime. papers.ssrn.com/sol3/papers....

Pumpkin vs. lettuce, the beginning?... from the Economist!

Time to sell all my ETFs? 📉

Forthcoming article by @janeeckhout.bsky.social "The Value and Profits of Firms" @eeanews.bsky.social doi.org/10.1093/jeea...

Competition policy that sets market power to 1980s levels would lower the stock market by 45%. The remainder, due to accumulated retained earnings (35%) and a lower risk-free rate (20%), is unaffected.

Let’s hope for the Liz Truss lettuce solution: The tariffs are so bad for the economy that the markets take care of it. The only issue is that an orange pumpkin 🎃 takes longer to decay than a lettuce 🥬

Important new @princetonupress.bsky.social econ book!

Tools from macroeconomics and finance to incorporate the central role that data plays in the economy. @isaacbaley.bsky.social and @laura-veldkamp.bsky.social's The Data Economy is out now. Learn more: press.princeton.edu/books/hardco... #EconSky

New randomized, controlled trial by the World Bank of students using GPT-4 as a tutor in Nigeria. Six weeks of after-school AI tutoring = 2 years of typical learning gains, outperforming 80% of other educational interventions. And it helped all students, especially girls who were initially behind.

wow. This AI lawsuit against Facebook keeps getting worse as they reluctantly unseal documents on Court orders. Check out this allegation. Not only two hrs before discovery cut-off but the Friday before we now know Mark Zuckerberg was deposed... more on that in a minute. /1

My Christmas post in Silicon Continent is about economics lessons from The Wire- with implications for green washing and AI benchmarks- as well as a bit of career advice for young readers. I hope you enjoy it! www.siliconcontinent.com/p/you-get-wh...

Academics from poorer socio-economic backgrounds are more likely to - not publish - have outstanding publication records - introduce more novel scientific concepts - less likely to receive recognition, as measured by citations, Nobel Prize nominations, and awards. www.nber.org/papers/w33289

This is very neat.

It still boggles my mind that only 66 years separate these photos.

100 years ago Saturday the NYT ran a story that did not hold up well at all. www.nytimes.com/1924/12/21/a...

Great data journalism: people report “best times” is when they were 10-15 yo www.washingtonpost.com/business/202...

If you sometimes wonder if things seem to be getting worse over the last few years .... (nb this graph counts any discharge of a weapon as a school shooting)

Revised version of our paper with Bo Cowgill and Andrea Prat just out. We document how mergers in the US are followed by large and persistent increases in lobbying activity. Firms with market power also try to gain political power. www.nber.org/papers/w33255

What happens after anesthesia rollup acquisitions? Within six months, prices increase 18%. Within two years, they increase 25 to 30%. New working paper by my amazing student Aslihan Asil (on the law market this year!) and her co-authors: www.nber.org/papers/w33217

The Economist covered our "Strain on scientific publishing" paper. What is this all about? We collectively churn out more & more papers *per scientist*, an increasing pace, in a rapidly changing publication landscape. Why? How? Want to make sense of this? 🧵 www.economist.com/science-and-...

What happened when public universities in 🇨🇦 started publicizing faculty salaries? ... ... ... The salary gap between men and women declined by 20-40% as a direct result. www.aeaweb.org/articles?id=...

📢 Pol Antràs will give the 2024 @jeeanews.bsky.social - FBBVA lecture "The Uncharted Waters of International Trade" Hélène Rey will act as discussant. 🗓️Tues, Dec 10 @ 18:00 CET 📍Madrid ℹ️on attendance & travel grants for PhD students in Spain bit.ly/41eK3MT

The December issue of the JEEA is out, with 10 excellent papers in fields as diverse as finance, macro, political economy, environmental economics... academic.oup.com/jeea/issue @jeeanews.bsky.social @eeanews.bsky.social

Here's a great starter pack for folks interested in the economics of innovation, competition and IO go.bsky.app/Rchu8QX

Super interesting paper by @jbbecon.bsky.social on the policy impact of two of my antitrust idols (@timobres.bsky.social and @stevesalop.bsky.social) academic.oup.com/antitrust/ad...

"Business-school psychologists are scholars, but they aren’t shooting for a Nobel Prize. Their research doesn’t typically aim to solve a social problem; it won’t be curing anyone’s disease. It doesn’t even seem to have much influence on business practices." www.theatlantic.com/magazine/arc...

Bam. There is it. US Department of Justice has filed - requesting divestiture of Chrome as a remedy for court's finding against Google. Android at risk, too. /1

Hi folks. I just got here. Anyone have advice on getting set up?

After the Great Recession, Queen Elisabeth visited LSE and asked @lugaricano.bsky.social why economists hadn’t predicted the recession. Instead, if she had lived, Queen Victoria might have asked how economists managed to tame recessions 150 years of US recessions in a few graphs 1/7

Conflict of interest (COI) leads to a strong downward valuation and credibility of research output The paper advocates for a clearer COI policy: the profession’s #me-consult-too moment

Dimensions of Inequality: The IFS Deaton Review @TheIFS The whole evidence volume of the Review, including all the remarkable articles examining the many dimensions of inequality, published open access by OUP at academic.oup.com/ooec/issue/3...

Great to see that @econromesh.bsky.social is here. Economics writer and for many years a great help to many of us struggling to make our academic research more accessible.

My other latest piece for The Economist looks at European competition policy, and how it will have to serve new masters. Probably too many. #innovation #resilience #geopolitics www.economist.com/finance-and-...

Prof: "Welcome to antitrust class! This class is a discussion of concentration of economic power and the threats it poses." *Dean walks in and whispers to Prof* Prof: This class has been canceled thanks to a generous donation from the Koch Foundation! #Satire

On slides and presentations, the norm now appears to not use period signs ‘.’ after a final sentence. Like in texting or on social media I guess we can call it the “digital natives’ period”

🚨CALL FOR PAPERS🚨 @monika-schnitzer.com and I are organizing a workshop on Skill shortages and Reskilling at the 2024 Venice Summer Institute in San Servolo. Please submit your papers & join us for an amazing day of research and learning! @CESifoNetwork www.cesifo.org/en/event/202...

still my favorite diversity indicator