Juan Herreño
@juanherreno.bsky.social
Reposted by Juan Herreño
We are hosting the Canadian Macroeconomics Study Group at @westernu.ca!
This year's keynote is Kjetil Storesletten @hellerhurwicz.bsky.social
Program 👉 baxter-robinson.github.io/CMSG2025_Pro...
Registration is 100 CAD (70 for students!) 🔗https://economics.uwo.ca/about-us/workshops/index.html
This year's keynote is Kjetil Storesletten @hellerhurwicz.bsky.social
Program 👉 baxter-robinson.github.io/CMSG2025_Pro...
Registration is 100 CAD (70 for students!) 🔗https://economics.uwo.ca/about-us/workshops/index.html
September 23, 2025 at 12:02 PM
We are hosting the Canadian Macroeconomics Study Group at @westernu.ca!
This year's keynote is Kjetil Storesletten @hellerhurwicz.bsky.social
Program 👉 baxter-robinson.github.io/CMSG2025_Pro...
Registration is 100 CAD (70 for students!) 🔗https://economics.uwo.ca/about-us/workshops/index.html
This year's keynote is Kjetil Storesletten @hellerhurwicz.bsky.social
Program 👉 baxter-robinson.github.io/CMSG2025_Pro...
Registration is 100 CAD (70 for students!) 🔗https://economics.uwo.ca/about-us/workshops/index.html
Reposted by Juan Herreño
Very useful discussion on the perils of using micro/cross-sectional parameter estimates in inferring the aggregate effects of policies/shocks. This is pervasive in Economics, yet the two effects can even have the opposite signs. (Example in next post.) voxdev.org/topic/method...
The ‘missing intercept’ problem with going from micro to macro
Many applied microeconomics papers conclude with a back-of-the-envelope calculation that scales their cross-sectional estimates to the aggregate level. These types of aggregate estimates are only vali...
voxdev.org
September 12, 2025 at 8:17 PM
Very useful discussion on the perils of using micro/cross-sectional parameter estimates in inferring the aggregate effects of policies/shocks. This is pervasive in Economics, yet the two effects can even have the opposite signs. (Example in next post.) voxdev.org/topic/method...
Reposted by Juan Herreño
Monetary policy shocks affect more cities with low income per capita, both in prices and income. Just Accepted new paper by Juan Herreño @juanherreno.bsky.social and Mathieu Pedemonte @mathpedemonte.bsky.social zurl.co/njzAc
403 Forbidden
juanherreno.bsky.social
August 18, 2025 at 1:00 PM
Monetary policy shocks affect more cities with low income per capita, both in prices and income. Just Accepted new paper by Juan Herreño @juanherreno.bsky.social and Mathieu Pedemonte @mathpedemonte.bsky.social zurl.co/njzAc
Reposted by Juan Herreño
A timely and trenchant piece by Suresh Naidu. When future generations sift through the wreckage of our era, they’ll find it strewn with the institutional and personal failures of leaders both great and small.
www.nytimes.com/2025/07/23/o...
www.nytimes.com/2025/07/23/o...
Opinion | Columbia’s Administrators Are Fooling Themselves
www.nytimes.com
July 24, 2025 at 3:16 AM
A timely and trenchant piece by Suresh Naidu. When future generations sift through the wreckage of our era, they’ll find it strewn with the institutional and personal failures of leaders both great and small.
www.nytimes.com/2025/07/23/o...
www.nytimes.com/2025/07/23/o...
Reposted by Juan Herreño
🚨 Excited to share insights from a paper I co-authored with @juanherreno.bsky.social on why emerging economies often face financial crises or "Sudden Stops"! Just published in Journal of International Economics (@jintlecon.bsky.social )
📝 Link: shorturl.at/JdJhr
#Econsky #Macroeconomics
📝 Link: shorturl.at/JdJhr
#Econsky #Macroeconomics
May 27, 2025 at 11:22 PM
🚨 Excited to share insights from a paper I co-authored with @juanherreno.bsky.social on why emerging economies often face financial crises or "Sudden Stops"! Just published in Journal of International Economics (@jintlecon.bsky.social )
📝 Link: shorturl.at/JdJhr
#Econsky #Macroeconomics
📝 Link: shorturl.at/JdJhr
#Econsky #Macroeconomics
Reposted by Juan Herreño
Something has happened in the last three months that has led basically every economic forecaster to predict that inflation will be substantially higher than they previously thought.
April 21, 2025 at 4:21 PM
Something has happened in the last three months that has led basically every economic forecaster to predict that inflation will be substantially higher than they previously thought.
Reposted by Juan Herreño
OH COME ON STEPH!!!!
April 21, 2025 at 3:05 AM
OH COME ON STEPH!!!!
Reposted by Juan Herreño
Recently accepted by #QJE, “Micro MPCs and Macro Counterfactuals: The Case of the 2008 Rebates,” by Orchard (@jakeorchard.bsky.social), Ramey, and Wieland: doi.org/10.1093/qje/...
Micro MPCs and Macro Counterfactuals: The Case of the 2008 Rebates*
Abstract. We present evidence that the high estimated MPCs from the leading household studies result in implausible macroeconomic counterfactuals. Using th
doi.org
March 9, 2025 at 6:46 PM
Recently accepted by #QJE, “Micro MPCs and Macro Counterfactuals: The Case of the 2008 Rebates,” by Orchard (@jakeorchard.bsky.social), Ramey, and Wieland: doi.org/10.1093/qje/...
Reposted by Juan Herreño
This will be remembered as the day when America's honor took a deep dive...
And meanwhile #Ukraine will keep fighting for all of us who believe in freedom, justice and democracy
#UkrainianView
www.nytimes.com/video/us/pol...
And meanwhile #Ukraine will keep fighting for all of us who believe in freedom, justice and democracy
#UkrainianView
www.nytimes.com/video/us/pol...
Video: Trump, Zelensky and Vance Argue Over Ukraine War
President Trump and Vice President JD Vance scolded President Volodymyr Zelensky of Ukraine during a meeting in the Oval Office on Friday, claiming he was not grateful enough for U.S. aid.
www.nytimes.com
February 28, 2025 at 8:02 PM
This will be remembered as the day when America's honor took a deep dive...
And meanwhile #Ukraine will keep fighting for all of us who believe in freedom, justice and democracy
#UkrainianView
www.nytimes.com/video/us/pol...
And meanwhile #Ukraine will keep fighting for all of us who believe in freedom, justice and democracy
#UkrainianView
www.nytimes.com/video/us/pol...
Reposted by Juan Herreño
If you think you've seen this move before, you have.
(These are from mid-2019.)
(These are from mid-2019.)
February 3, 2025 at 11:05 PM
If you think you've seen this move before, you have.
(These are from mid-2019.)
(These are from mid-2019.)
Reposted by Juan Herreño
Just posted a new textbook chapter on “Money and Banking.” Covers bank runs, panics, banking regulation, lender of last resort, payment systems, development of paper money, ledger-based money, fractional reserve banking, bills of exchange, free banking, and more!
eml.berkeley.edu/~jsteinsson/...
eml.berkeley.edu/~jsteinsson/...
eml.berkeley.edu
January 23, 2025 at 2:05 PM
Just posted a new textbook chapter on “Money and Banking.” Covers bank runs, panics, banking regulation, lender of last resort, payment systems, development of paper money, ledger-based money, fractional reserve banking, bills of exchange, free banking, and more!
eml.berkeley.edu/~jsteinsson/...
eml.berkeley.edu/~jsteinsson/...
Reposted by Juan Herreño
As I am now handling papers at AEJ:Policy again, I want to encourage authors of papers that identify partial equilibrium effects to consider (in a rigorous manner) how they relate to policy effects or general equilibrium effects.
January 11, 2025 at 4:10 PM
As I am now handling papers at AEJ:Policy again, I want to encourage authors of papers that identify partial equilibrium effects to consider (in a rigorous manner) how they relate to policy effects or general equilibrium effects.
Reposted by Juan Herreño
Recently accepted by #QJE, “When Did Growth Begin? New Estimates of Productivity Growth in England from 1250 to 1870,” by Bouscasse (@paulbouscasse.bsky.social), Nakamura, and Steinsson (@jonsteinsson.bsky.social): doi.org/10.1093/qje/...
December 28, 2024 at 12:02 PM
Recently accepted by #QJE, “When Did Growth Begin? New Estimates of Productivity Growth in England from 1250 to 1870,” by Bouscasse (@paulbouscasse.bsky.social), Nakamura, and Steinsson (@jonsteinsson.bsky.social): doi.org/10.1093/qje/...
Reposted by Juan Herreño
Happy to see our paper with Bernardo Candia out at the @jeeanews.bsky.social. We use high frequency data and variation from countries that left the gold standard to estimate the cost of bilateral exchange rate appreciations in US cities
Forthcoming article by Bernardo Candia and @mathpedemonte.bsky.social "Export-Led Decay: The Trade Channel in the Gold Standard Era" @eeanews.bsky.social
doi.org/10.1093/jeea...
doi.org/10.1093/jeea...
Export-Led Decay: The Trade Channel in the Gold Standard Era
Abstract. Flexible exchange rates can facilitate price adjustments that buffer macroeconomic shocks. We test this hypothesis using adjustments to the gold
doi.org
December 23, 2024 at 11:51 AM
Happy to see our paper with Bernardo Candia out at the @jeeanews.bsky.social. We use high frequency data and variation from countries that left the gold standard to estimate the cost of bilateral exchange rate appreciations in US cities
Reposted by Juan Herreño
Regression is a tool for making comparisons
If you don't know / can't easily explain what comparisons you're trying to make, then you don't understand the regression you're running
If you don't know / can't easily explain what comparisons you're trying to make, then you don't understand the regression you're running
November 13, 2024 at 7:02 AM
Regression is a tool for making comparisons
If you don't know / can't easily explain what comparisons you're trying to make, then you don't understand the regression you're running
If you don't know / can't easily explain what comparisons you're trying to make, then you don't understand the regression you're running
Fantastic conversation
🔥Bank runs don’t cause banking crises; they’re the symptom🔥 Emil Verner joins the show to discuss his research that finds historically it was bad fundamentals, not panics, that brought banks down. In this clip, we discuss why the Diamond-Dybvig model remains popular despite being ahistorical (1/2)
November 20, 2024 at 5:53 PM
Fantastic conversation