Kai-Jie Wu 吳愷頡
@KaiJieWu1Econ AP at Penn State. Research interests: macroeconomics, growth, and labor.
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We’re hiring at @penn_state! Two tenure-track faculty positions available: one at the Assistant Professor level and another at the Full/Associate Professor level. Please spread the word! #EconTwitter 🔗 aeaweb.org/joe/listing.ph… 🔗 aeaweb.org/joe/listing.ph…
New markups paper alert! 👇👇👇👇 How do markups vary over time along the supply chain? To address this question, I'm very excited to share a new working paper from the HBS Pricing Lab, joint with @SEAlvarezBlaser, @_amackay, and @Paolo_Mengano: papers.ssrn.com/sol3/papers.cf…
I've been thinking a lot about how to structure this and what to cover! I hope it'll be useful.
The next lecture of the #STEG virtual course on "Data in Macro Development" will be on 🗓️5 April @ 16:00 BST With @todd_schoellman @MinneapolisFed talking about on 'Human capital data' Learn more and register ow.ly/UI5M50R24lf
Def aged many years working on this project, but 100% worth it. Thank you to my amazing co-authors 🤩🤩 and thank you 🙏 @vox_dev for helping us share our work!! Non-technical write-up below 👇👇👇
🆕 How are manufacturing firms organised in Uganda? 🇺🇬 Today on VoxDev, @bassi_vittorio @USC_Econ @The_IGC, @Jay_JHLee, @Ale_M_Peter @nyuniversity, @PorzioTommaso @Columbia_Biz, @RitwikaSen @KelloggSchool & Esau Tugume @brac_uganda outline new evidence: voxdev.org/topic/firms/ho…
🎉
We are pleased to announce that Yan Bai (@YANBAI25157736), from the University of Rochester, and Gianmarco Ottaviano, from Bocconi University have joined our editorial board as co-editors. We wish to thank Vivian Yue and Treb Allen (@TrebAllen) for their excellent service.
I have lost my mentor. Robert Solow was my thesis advisor, and being named the Robert Solow professor of economics at MIT was the proudest day of my life. There will be times for elogies. Meanwhile, RIP Bob, with infinite thanks.
An inspiration to all economists. We will miss you Bob Solow.
Other presenters at the one-day conference include Pablo Ottonello at the @UofMaryland, @KaiJieWu1 at @penn_state, and Nicholas Trachter of the @RichmondFed
🎉🎉🎉🎉
BREAKING NEWS The Royal Swedish Academy of Sciences has decided to award the 2023 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Claudia Goldin “for having advanced our understanding of women’s labour market outcomes.” #NobelPrize
Corporate tax cuts in both the US & OECD countries have caused a significant decline in manufacturing labor shares, Baris Kaymak and @ImmoSchott find. Lower corporate tax rates reduce the labor share by raising the market share of capital-intensive firms econometricsociety.org/publications/e…
📢📢Excited to launch the website for the recently founded "Center for Advancing Women in Economics (AWE)," a project very dear to my ❤️ richmondfed.org/research/AWE @RichFedResearch @WomenInMacro @AEACSWEP #EconTwitter
The neoclassical prediction of China’s coming decade. Will be curious to read.
China's growth will slow dramatically as TFP convergence and forecaster demographics growth tapers off, from Jesús Fernández-Villaverde, @lee_ohanian, and Wen Yao nber.org/papers/w31351
🚨🚨 Working Paper Alert! 🚨🚨 Excited to share new @nberpubs WP with @MTranchero -- we examine the impact of access to confidential admin data via @uscensusbureau data centers on economics research. A short 🧵 with key findings ...
How has the focus of macro research evolved over the years based on the titles of the papers submitted to the @SEDmeeting? (1/5) 1999: Sardinia, Italy
It is just mind-blowing that for all the journalistic chatter about "greedflation" the correlation between firm-markups [profit margins] and industry-level inflation is basically zero.
@conlon_chris (with Nathan Miller, Tsolmon Otgon, and Yi Yao) study the correlation between changes in firm-level markups and changes in industry-level prices, finding little to no relationship. aeaweb.org/articles?id=10…
Best summary of Bob Lucas' contributions to macroeconomics I've seen. Key point: it's not about rational expectations, instead it's about microfoundations and general equilibrium.
"Lucas Miracles" is a brief appreciation of the contributions of Robert E. Lucas Jr to macroeconomics. You can find it here economics.mit.edu/sites/default/… The title is explained at the end.
"Lucas Miracles" is a brief appreciation of the contributions of Robert E. Lucas Jr to macroeconomics. You can find it here economics.mit.edu/sites/default/… The title is explained at the end.
Here is my little Bob Lucas anecdote. It's about Bob's incredible gift as a writer and his generosity toward his students. It's the fall of 2009 and I'm a grad student at the University of Chicago. Bob is on my thesis committee.
Given some of the reactions to this thread, let me remind you of some of the doomsday predictions around the time we wrote our original paper. Our key message below is not: "everything is great in Germany". Instead it is: "those doomsday predictions were far off the mark."
Just released: new study showing 1. The German economy coped well with end of Russian gas supplies even avoiding recession 2. Germany would have also withstood an earlier 1 April 2022 import stop Joint with @MSchularick @GeorgZachmann @ECON_tribute econtribute.de/RePEc/ajk/ajkp…
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