Oliver Pfäuti
@PfaeutiEconAP @UTAustinEcon. Formerly @unibern, @GESSuniMannheim / Macro, Monetary, Heterogeneity, Deviations from Rational Expectations
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Very happy that our paper "Subjective Housing Price Expectations, Falling Natural Rates, and the Optimal Inflation Target" with @klaus_adam and @timo_reinelt is now in press at the Journal of Monetary Economics! Short thread:
𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐭𝐡𝐞 𝐓𝐫𝐮𝐦𝐩 𝐰𝐢𝐧 𝐦𝐞𝐚𝐧 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐔.𝐒. 𝐚𝐧𝐝 𝐠𝐥𝐨𝐛𝐚𝐥 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐨𝐮𝐭𝐥𝐨𝐨𝐤? New blog post by Olivier Coibion and Nitya Pandalai-Nayar @nityanayar reflecting on key forces expected to see at work in the coming months and years.
Come work with Oliver Coibion, Chris Boehm, @PfaeutiEcon , Andres Drenik and me on topics related to empirical macro, expectations, macro-labor and international! We can sponsor J1 visas!!
We are looking for research assistants #predoc #EconTwitter @econ_ra @predoc_org If you're interested in working with us on topics related to macro- & international economics, please apply. Details & how to apply: aeaweb.org/joe/listing.ph… @nityanayar @DrenikAndres @PfaeutiEcon
We are looking for research assistants #predoc #EconTwitter @econ_ra @predoc_org If you're interested in working with us on topics related to macro- & international economics, please apply. Details & how to apply: aeaweb.org/joe/listing.ph… @nityanayar @DrenikAndres @PfaeutiEcon
This year on the market: Edson Wu edson-wu.github.io Edson's main interests are in monetary economics with a focus on the role of expectations. @ewu91_
This year on the market: Alejandro Parraguez-Tala sites.google.com/view/alejandro… Alejandro's main interests are in macroeconomics, spatial economics and trade. @aleparraguezt
This year on the market: Minseog Kim minseogkim.github.io Minseog's main interests are in macro-finance, corporate finance, monetary and labor economics.
We have three great macro students on the job market this year! Check them out and feel free to contact any of our affiliated faculty in case you have questions. Short threads about them follow (in alphabetical order). Here’s a link to all of them: sites.utexas.edu/macro/welcome/…
Great to be part of the Empirical Macroeconomics Policy Center of Texas @EMPCT_MacroTX!
Hey y'all! This is the official X/Twitter account of the Empirical Macroeconomics Policy Center of Texas (EMPCT), at the University of Texas at Austin @UTAustin @UTAustinEcon Here's a quick overview of who we are and what we do ⬇️
Looking forward to this conference! @joel_flynn
Christina Romer of @UCBerkeley & Stephanie Schmitt-Grohé of @Columbia are our keynote speakers at the upcoming Inflation Conference. The event will bring together top researchers to present inflation research. Register to attend virtually on Oct. 24-25: clefed.org/3UKbR8y
We have a great group of PhD students on the job market this year! Please visit their webpages to learn more about their research, and feel free to reach out to our Placement Director @MikeGeruso liberalarts.utexas.edu/economics/ph-d…
Thanks for the shoutout, @DavidBeckworth! Very interesting episode (and research) @JADHazell and coauthors (Christina, @jptguerreiro, @ChenLian92 and @sj_hobler)!
In this clip, @JADHazell and I discuss how his inflation conflict costs findings line up nicely with inflation attention threshold studies by @KorenokOleg,@D_Munro_Econ, & Jiayi Chen (tinyurl.com/373ykctc) and @PfaeutiEcon (tinyurl.com/3eespdae). Policy implications...…
Recently accepted to REStud, ``Rational Expectations Models with Higher-Order Beliefs," from Huo & Takayama: restud.com/rational-expec…
Our Center for Inflation Research and the @ecb will host the Inflation: Drivers and Dynamics 2024 conference Oct. 24–25. The event will bring together top researchers to present research related to inflation. Virtual registration is now available: clefed.org/3UKbR8y
Thrilled to release this working paper, joint with Matt Rognlie and @ludwigstraub, which we prepared for next year’s Annual Review of Economics. In it, we provide an overview of the recent “HANK” literature studying fiscal and monetary policy with heterogeneous agents.
A review of key developments in the Heterogeneous Agent New Keynesian literature through the lens of a simple model, with ready-to-use code for the main model and many extensions, from @a_auclert, Matthew Rognlie, and @ludwigstraub nber.org/papers/w32991
Tune in on 1-2 October for the joint @ecb @bankofcanada @NYFedResearch Expectations Surveys, Central Banks and the Economy conference. Featuring keynotes from @Dr_AnnaLusardi (@Stanford), Tarun Ramadorai (@imperialcollege) Livestream & program 👇ecb.europa.eu/press/conferen…
#SUERFpolicybrief "Subjective Housing Price Expectations, Falling Natural Rates, and the Optimal Inflation Target" by @klaus_adam, @PfaeutiEcon and @timo_reinelt #monetarypolicy #housingbooms #inflationtarget 📄tinyurl.com/rv64crjf
🚨New working paper🚨 "𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐅𝐢𝐫𝐦 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 𝐰𝐢𝐭𝐡 𝐃𝐚𝐢𝐥𝐲 𝐃𝐚𝐭𝐚" with @almostcertainly We study how firms respond to macro shocks during post-pandemic inflation. Paper: shorturl.at/fzzXr Talks: @unipv Macro Forum & @VfS_econ
How do firms’ plans and expectations respond to macroeconomic shocks? We study this question for the post-pandemic inflation surge based on novel daily time series data from German firm surveys.
** Dataset on historical US inflation expectations The Michigan survey of consumers’ expected inflation series is heavily used but starts only in 1978. There are data from the same survey starting in 1948 but harder to access. This page makes it available. r2rsquaredlse.github.io/web-historical…
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