Discover and read the best of Twitter Threads about #EconTwitter

Most recents (24)

🚨 Tips for writing a POSITIVE referee report.

As an author and an editor, I’ve noticed some reviewers are better than others at writing a positive referee report. So, I decided to share 3 simple tips in the thread below. 👇

#EconTwitter
Tip #1: Act fast!

If you love the paper, submit your report ASAP. Editors see their decisions as an optimal stopping problem. They invite more referees than they expect to need, and skim through the reports as they come in. So, the order in which reports are submitted matters.
Let's say an Editor invited 3 referees for a paper. Those referees would (eventually) recommend: 1 Reject and 2 R&Rs. If the editor waited for all 3 referees, the decision would be Revise. Let's see what is likely to happen when the reports are submitted in different orders.
Read 12 tweets
1/ As promised. . .post-reflections on editing

here are 10 exciting articles from each journal #EconTwitter. Today REHO (note not articles I personally was the managing editor for); CER tomorrow
2/ link.springer.com/article/10.100…
Dave + Yang: Evidence that working in a more intensive occupation during pregnancy ⬆️ probability of adverse birth outcome
3/ link.springer.com/article/10.100…
Cigno: gendered divisions of labor originally generated by use of plough may persist
Read 12 tweets
Recently passed a year of editing (well, slightly more at REHO) so wanted to share some #EconTwitter thoughts on what I've learned (take them with a grain of salt, as there are many more experienced editors out there!)
For authors: generally, cover letters can be extremely brief unless you are bringing something very specific to my attention. If the cover letter repeats what's in the intro, not necessary (I will look at the intro!)
For referees: please respond to requests (saying no is fine, a rapid no is better than a ghosting) Recs of other referees are a nice bonus. A short report that is on time or close to it is also very welcome (you don't have to wait until you have 2 whole pages written)
Read 8 tweets
.@FT's @sarahoconnor_
I also think that making economics more understandable is a worthy endeavour, especially right now....Because the profession suffers from what Andy Haldane, former chief economist at the Bank of England, calls a “twin deficit”, of understanding and of trust.
@FT @sarahoconnor_ "In a UK survey in 2019, 40 per cent of respondents said it had become more difficult to understand economics."
"Part of this is a translation problem. Most economic concepts are not complicated, but they’re couched in a language that makes no sense to people who don’t speak it."
Read 3 tweets
This week's cool young researcher is Fatima Aqeel at Colgate University who works on questions related to gender, intimate partner violence + women's employment #EconTwitter
sites.google.com/view/fatima-aq…
One paper currently R&R at WBER analyzes a reform in Pakistan in which admissions' criteria at medical schools were equalized for men + women, leading to an ⬆️ in labor force participation by women medical graduates + graduates overall
and ⬆️ utilization of formal care in areas w/more female doctors
drive.google.com/file/d/1fI7aLF…
Read 6 tweets
When #EconTwitter users were followed by an Econ PhD student, they were much more likely to follow back if she was female, at a high-ranked university and white.

Even if the black Econ PhD student was at a top university, they were still less likely to be heard.
This is such a brilliantly clever research design!

Following back may sound minor but it echoes a famous essay by Gayatri Chakravorty,

She argued that the question is not “Can the Subaltern Speak?” but “Can they be heard?”

Do people listen to their ideas & analysis?
If the EconPhD is systematically less likely to be followed back because of their gender/ institution/ ethnicity, then no matter how productive, innovative and creative, then others will not know, will not provide support or critique.

Social capital remains hugely important.
Read 5 tweets
Hey #EconTwitter, with job market talk season underway, I thought I’d share some advice in case any candidates are finding/worrying that their presentations are too long. (1/n)
A job market paper is a huge amount of work! It can be hard to condense everything you’ve done into one talk. Especially if you have a very active/curious audience that asks many questions. (2/n)
If you find yourself having to rush through material or skip slides, there are a number of tweaks you can make that might help you better manage time. (3/n)
Read 9 tweets
Inflation as a distributional conflict – a thread 🧵 using UK data, with @JoshMartin_econ.

Inspired by @ojblanchard1, @paulkrugman, @david_glasner, @delong and others, here is some arithmetic (with apologies for some equations!) #EconTwitter
1/13
I’m using UK National Accounts data and identities to decompose UK inflation.

Identity 1: CPI inflation equals GDP inflation plus the wedge between CPI and GDP inflation.
2/13 Image
Identity 2: nominal GDP [from the income side] equals nominal payments to labour (L) and capital (K). Ignore taxes and subsidies.

So GDP inflation equals unit labour costs, plus the change in the capital/labour share ratio (weighted by capital-share).
3/13 Image
Read 13 tweets
Hier auf #Econtwitter wurde zuletzt viel darüber geschrieben, dass man jetzt sehe, dass die deutschen Unternehmen wesentlich besser Gas gespart hätten, als es gängige Studien im Frühjahr, die vor einem #Gasembargo gewarnt haben, angenommen hätten.
Das ist eine Fehlwahrnehmung. 1/
Fangen wir einmal an: Was haben diese Studien angenommen, wie viel Gas ohne größere Probleme gespart werden könnte? 2/
Die meisten Studien damals bezogen sich auf eine Aufstellung des @bdew_de vom 17.3.22. Diese Aufstellung gab ein kurzfristiges Substitutionspotenzial der Gesamtwirtschaft von 19 % an, d.h. 19 % seien durch Fuel Switch etc. ohne signifikante Produktionsausfälle einzusparen. 3/
Read 17 tweets
The contributions below by @adam_tooze @michaelxpettis provide wonderful insights on debt, and fiscal policy that are extremely relevant in the contemporary global scenario. I’d like to add a few observations… #EconTwitter 🧵 1/12
Debt is a transfer. So are taxes. The difference is that debt is theoretically “amortised” while taxes are not. But consols -“perpetual debt” -are assets that pay interest but are not amortised. They can be bought and sold by debt holders. How is this different from a tax? 2/12
Consols are bought willingly, taxes are levied using coercive power. When repayment is not a factor then, clearly, the same set of public expenditures can be financed by both instruments so what’s to choose between them? 3/12
Read 12 tweets
There has been a fascinating debate on #Econtwitter (started by @ojblanchard1) on distributional origins of #inflation.
Interestingly, the distributional view has been (implicitly) taken into account into policy making in Germany over the past year.A 🧵1/
In the past summer, when inflation in Germany skyrocketed, chancellor Scholz invited social partners (unions and employer federations) and @bundesbank to confidential discussion rounds which he called “Konzertierte Aktion” (“concerted action”). 2/
tagesschau.de/inland/inflati…
With this term, Scholz made a reference to a similar approach from the 1960s, when the Stabilitätsgesetz (“Stability Law”) had mandated a regular coordination between wage bargaining partners, the different levels of government and the @bundesbank. 3/
zdf.de/nachrichten/wi…
Read 21 tweets
⚡️JUST IN
Economic activities in China was weak in December.
Manufacturing PMI 47.0 [Est.48.0 Prev.48.0]
Non-Manufacturing PMI 41.6 [Est.45 Prev.46.7]
Composite PMI 42.6 [Prev.47.1]
#manufacturing #EconTwitter 🇨🇳
1/ Thread ImageImageImage
China's NBS:
Production and demand continue to slow down on both ends. The pandemic has cast negative impacts on the operations of some enterprises, with production activities slowing down and product orders decreasing.
#manufacturing #EconTwitter 🇨🇳
2/ Thread
China's NBS:
Manufacturing production activity continues to slow as product orders fall, production Index slid by 3.2 PPS to 44.6% and New Order Index dropped 2.5 PPS to 43.9%.
Logistics and transport capacity have deteriorated.
#manufacturing #EconTwitter 🇨🇳
3/ Thread
Read 4 tweets
1/This is partly why it’s so important to read Karim F.Hirji’s book on Walter Rodney’s book ‘How Europe Underdeveloped Africa(#HEUA)’if one truly wants to understand the historical/political and ideological/intellectual context upon which Rodney wrote HEUA awaazmagazine.com/volume-18/issu…
3/“His innovative application of the method of political economy transformed the paradigm for rendition of the continent’s past.Because it stridently took the traditional historians+the prevailing neocolonial order to task,it was also pilloried by the defenders of the status quo”
Read 8 tweets
Our paper on @WHO excess mortality associated with Covid-19 now on @Nature:
nature.com/articles/s4158…

Please read it and the associated coverage, we aimed to make it as sound and widely understandable as possible.

some important highlights:

#poptwitter #epitwitter #econtwitter Image
It's often argued that in the absence of all-cause-mortality data to directly estimate excess deaths, we should rely on the officially reported covid-19 data. This is false, as we explain here Image
It is high time that countries, regions and the world report all-cause-mortality in (as close to) real time as possible.
This will help prevent future outbreaks from evolving to an epidemic and then a pandemic.
Vital Registration is VITAL. Image
Read 5 tweets
The disparity between Ireland's railways in the the 1920s and 2020s has been subject to much criticism online. But what was the impact of having such an expansive rail network on the Irish economy in the 19th and 20th century? And, was this impact always positive? 1/11 Irish rail in 1906 (Source, Wikimedia Commons). The network The comparatively limited Irish Rail Network today (Source,
Railways revolutionised transport in 19th C. Ireland. In a new WP (quceh.org.uk/uploads/1/0/5/…), @ronanlyons & Alan Fernihough investigate the economic consequences of this expansive rail network for the island of Ireland. 2/11 #econtwitter #econhistory #irishhistory
They began by considering ‘market’ access, a term which measures how easy, in time and money, it is to go from A to B and from A to C. They then measured ‘port access’, showing how easy it was to get from A to P(ort). 3/11
Read 12 tweets
***Updated paper***

How do connections in the labor market shape intergenerational mobility? I shed light on this question by studying one type of connection: jobs obtained at a parent's employer.

🧵 #EconTwitter
matthewstaiger.github.io/matthewstaiger…
I combine LEHD + Decennial Census to construct a dataset with information on parent-child and employer-employee linkages and show that it’s surprisingly common for people to work for a parent’s employer, with 29 percent of individuals doing so by age 30. [2/19]
Is this about parents using connections to provide access to jobs or something else? Maybe parents and children have similar skill sets and this is what leads them to work for the same firm. [3/19]
Read 20 tweets
I don’t know if many colleagues in the #EconTwitter community have abandoned #Twitter in favor of #Mastodon. In case anyone is interested, I don’t plan to do it, nor do I plan to start using both. 1/11
I very much dislike what Elon Musk has been doing, but there are at least two reasons that will keep me just here. The simplest one to explain is that I don’t have the time and energy to learn how to use a new platform. 2/11
I had literally zero social media presence before signing up for Twitter. After doing that, I also signed up for Facebook and (if I remember correctly) Instagram. I don’t remember the last time I logged into those accounts. 3/11
Read 11 tweets
JUST IN
#China November official #PMI
Manufacturing PMI 48.0 [Est.49.0 Prev.49.2]
Non-Manufacturing PMI 46.7 [Est.48.1 Prev.48.7]
Composite PMI 47.1 [Prev.49.0]
#manufacturing #EconTwitter 🇨🇳
1/ Thread
China's NBS:
Production and demand continue to slow down on both ends. The pandemic has cast negative impacts on the operations of some enterprises, with production activities slowing down and product orders decreasing.
#manufacturing #EconTwitter 🇨🇳
2/ Thread
China's NBS:
46% of surveyed medium-sized enterprises and 58.8% of small enterprises are reflecting financial constraints and lack of market demand, with 0.8 and 1.9 PPS higher than in October, reflecting greater pressures on SMEs.
#manufacturing #EconTwitter 🇨🇳
3/ Thread
Read 3 tweets
I've written a paper to show that part of the US’s financial turbulences witnessed since the 1980s are due to the fall in the Capital Gains Tax (CGT).

Without tax cuts, this is what would've happened 👇

Do you want to know why?

🧵 [1/10].

#EconTwitter #Econjobmarket
First, let me introduce the animal. It is my #Jobmarketpaper, written under the supervision of Prof. Albert Marcet at @IDEA_UAB, @CREIResearch, @bse_barcelona.

You can find it here: pau-belda.eu/wp-content/upl…
[2/10]
The Fact. Despite the Great Moderation, stock and housing markets experienced more turbulence.

The Fact is challenging to explain for much of the theory. If prices reflect fundamentals and fundamentals became more stable…Why did prices become wilder? 🧐

[3/10]
Read 10 tweets
🚨Job Market Paper🚨

Do inflation expectations respond to changes in Monetary Policy (Inflation Targeting (IT))?

The answer? No! But there are nuances.

Key Result 📢: Inflation leads expectations.

Details in the thread. #EconTwitter #Jobmarketpaper #Econjobmarket Image
Rational Expectations: Agents immediately adjust expectations to the target.

Adaptive Learning: Priors do not adjust after the introduction of IT. Image
Forecast Errors (Realised Inflation - Predicted Inflation) change after the introduction of IT. Driven mostly by countries with a single mandate.

Implication: Inflation adjusts but not expectations.

Channel? Needs to be explored. Image
Read 4 tweets
🚨 JMP alert 🚨 #EconTwitter

👉 Fractionalization along dimensions like ethnicity or class can undermine economic performance.

❓How does fractionalization affect social groups’ abilities to respond to economic shocks?

I study this question in the context of 70s Korea.
Why study Korea?

1) The unique Korean social context isolates one dimension of fractionalization: the density of family clans that shared the same parental lineage.

2) Korea's structural transformation in the 70s saw a 60% growth in agricultural output per household.
I combine the cross-sectional variation created by family clan density with the time variation in market access created by the construction of a new bridge, the Namhae bridge, in 1973. Image
Read 6 tweets
What makes inflation costly? Who bears these costs?

In my JMP, I explore an understudied mechanism:

Inflation impairs households’ ability to save for precautionary reasons

How? Let’s take a look at households’ liquid assets portfolios

#EconTwitter #Econjobmarket
60% ‼️of US households hold all their liquid assets in bank deposits or cash

Maybe surprisingly → this share has remained stable even in periods of high interest rates

Let’s label these households “Bank-Dependent”
Bank-Dependent households are not poor or hand-to-mouth, they are widely spread along the assets distribution

Eg: among households with 6 months of income in liquid assets → 50% of them are Bank-Dependent
Read 13 tweets
One tip for #econtwitter moving to mastodon. There's no keyword search so it can feel overwhelming, but you can follow "groups", aka automated curated lists of tweets mentioning the group name. There's one for each econ topic, also helps find contributors
docs.google.com/spreadsheets/d…
there are also associated hashtags which, unlike mere keyword, you can enter in the mastodon searcher to retrieve tweets/toots on the topic you're interested in

Thanks to
@IgorLetina
for setting up the list!

(reposting picture with first groups and instructions)
see also list of economists on REPEC registered on mastodon (thanks @CZimm_economist )
ideas.repec.org/i/emastodon.ht…
Read 3 tweets
#economicsfest #EconTwitter: "What next for central banks?" with @bankofengland's Chief Economist Huw Pill and @jagjit_chadha. First Q: where is inflation coming from and what should central banks do about it? The panel
Huw: "we would have acted differently with the benefit of hindsight... but I think we got the big picture right" also talking about the need for humility, and that "big things" have happened. "The big story is about gas prices".
Huw: "We've acted decisively... that action is not over".
Read 5 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!