Paul Goldsmith-Pinkham
banner
paulgp.com
Paul Goldsmith-Pinkham
@paulgp.com

Yale SOM professor & Bulls fan. I study consumer finance, and econometrics is a big part of my research identity. He/him/his

Economics 47%
Mathematics 9%
"The AEA condemns Mr. Summers' conduct, as reflected in publicly reported communications, as fundamentally inconsistent with its standards of professional integrity and with the trust placed in mentors within the economics profession."
The AEA has imposed a lifetime ban on Lawrence H. Summers’ membership and participation in AEA activities. See the full statement here. www.aeaweb.org/news/aea-sta...
Statement from the American Economic Association
www.aeaweb.org
Frog knocked at Toad’s door. “Toad, wake up,” he cried. “Come out and see how wonderful the winter is!”

“I will not,” said Toad. “I am in my warm bed.”

Love this. Kid is going places
Have a favorite AEJ: Economic Policy paper from the past three years? Submit your nomination at the link below!
www.aeaweb.org/about-aea/ho...
AEJ Best Paper Awards
www.aeaweb.org

An H of G
YouTube video by vlogbrothers
www.youtube.com

faculty.wcas.northwestern.edu/gep575/Bayes... I think you can only get something close to the LM tests, AR isn't possible
faculty.wcas.northwestern.edu

I would just hedge my bets everywhere and invoke Bernstein-von mises

🤣
And we're off with SCOTUS arguments in Sony v Cox. The question at issue: whether ISPs can be liable for the copyright infringement committed by their users.
We first note that hand-wringing about the decline in US college enrollments has mistakenly linked such declines to the price of four-year colleges.

But the decline is entirely driven by two-year community colleges (and by for-profit colleges). The four-year sector is the dog that didn't bark.

Parents — we did it. Schools back tomorrow.

Yeah, I guess then it's relative -- now the more scarce thing would be a handmade x or y since time is one of the more scarce inputs.

Or, for example, learning how to build something to make a gift for someone.

Or, learning a language/trick to amaze someone
The Krugman blog today on affordability gets at exactly what I think is happening, and what's missed in the vibecession debates

paulkrugman.substack.com/p/affordabil...

I think the usual econ argument about this relates to the modern trade view -- abundance through the multitude of trade allows for more kinds of magic to manifest.
You can still find property level climate risk scores on Redfin

Zillow Removes Climate Risk Scores From Home Listings
www.nytimes.com/2025/11/30/c...
Zillow Removes Climate Risk Scores From Home Listings
www.nytimes.com

I want the WSJ to fill out a fucking apology form
Soon small businesses won’t have to wait for Small Business Saturday to get attention from their Mayor.

Some changes that they can look forward to:
Soon small businesses won’t have to wait for Small Business Saturday to get attention from their Mayor.

Some changes that they can look forward to:

And I read (and did!) plenty of Bayesian estimation stuff from Imbens, so I think more of the guilt lies with the practitioners than the econometricians

I could speculate but there are probably better people to ask. Gary Chamberlain was very aware of how to think about these things, but also probably could’ve given a very compelling argument of why unbiasedness is so valuable from a decision making standpoint
idk not to mention how very nuanced and normal the actual response here was

If I were being thoughtful, there probably is value in having a subfield that is more dogmatic about valuing unbiasedness relative to mathematical stats, but probably not to the extent that we currently have

Probably just econometricians and bias, a hate story tbh

Or econometricians and variance, a love story

But yeah this might be one of those ones where we say “don’t interpret as causal unless you think it’s the correct spec…”

Fuckload more fixed aka non parametrics

Everyone loves cutesiness: an analysis of titles in academia

I interpret this as an important extension of the “On Binscatter” paper by Crump et al, where the omitted/misspecified controls are time trends
Interesting paper highlight that binning can be misspecified in panel settings - this drives misinterpretation of extreme temperature shocks. #linkoftheday

www.dropbox.com/scl/fi/1ya6z...
The story of how India overtook China's population is a lot longer and more complicated than it looks. No, I'm not going to tell it in a 50-skeet thread.
/1

Lol