Do we hold others responsible for their choices even when these choices have been shaped by unfair unequal circumstances?

Yes, we do, suggests 'Shallow Meritocracy' from Peter Andre (Peter Andre), recently accepted at REStud.

restud.com/shallow-merito…

Looking forward to the conference. Registration is open now!

New paper on Fragmented Monetary Unions.

We provide a theory to understand why fragmentation risk threatens price stability in the euro area, some monetary interventions by the ECB (OMT, PEPP, TPI), and why the ECB is not your usual central bank.

crei.cat/wp-content/upl…

A new high for the track record of our PhD program Rheinische Friedrich-Wilhelms-Universität Bonn: Congratulations to Philipp Strack (BGSE 2013) for winning this year’s John Bates Clark Medal! An incredible honor and yet another testament to the intellectual horsepower of our micro theory tradition in Bonn.

Delighted and deeply honoured to have received such an
incredible recognition for our work 🤩 what a blast! with Giovanni Ricco 🇪🇺🇺🇦

🚨 New working paper 🚨 where we look at a temporary VAT cut in Portugal using product-level price data

Anticipation effects, deflation in producer prices, and media scrutiny account for an almost complete passthrough at implementation

#EconTwitter - suggestions are welcome

🚨 New working paper 🚨

Many governments have used VAT cuts to alleviate the rising costs of living. In this paper, we look at the pass-through of VAT cuts to consumer prices using the recent zero VAT policy in Portugal in a set of food items in 2023. A 🧵 (1/6)

Short and great summary of our research with Riccardo Zago published by The Economic Journal on how the polarisation of the labour market towards manual (generally low-income) and abstract (high-income) jobs is making prices in the economy less sensitive to changes in employment. Thanks Politecnico di Milano!

Huge congratulations to our PhD student Caroline Genc who will be joining the Eli Broad College of Business at Michigan State University as an Assistant Professor of Finance this summer! Université Paris Dauphine - PSL DRM DAUPHINE Université PSL

Very happy to announce that I will be joining University of Zurich this autumn as an Assistant Professor of Finance! Excited for this new chapter and to collaborate with exceptional colleagues UZH Banking & Finance.

📣 The call for the 7th Annual Dauphine Finance PhD Workshop is out! Submit your work by April 7th to [email protected] 

More information and link to past editions: 
sites.google.com/view/dauphine-…

We are looking forward to seeing you in Paris on the 19th of June!

High time to share fantastic news:

I am joining @UniBocconi in autumn as Assistant Professor of Finance! I cannot wait to start this chapter and continue research among amazing new colleagues.

#EconTwitter

We declare red lines for ourselves, but not for Russia. We publicly tie our own hands while leaving Putin free to pillage, rape and destroy. We create strategic transparency, not strategic ambiguity. It's time to change course. 🧵

Happy to share that the European Central Bank just published our adaptation (with Antoine Kornprobst, Óscar Arce and Matteo Ciccarelli) of the Bernanke and Olivier Blanchard model, which was also picked up by the Financial Times recently! ecb.europa.eu/pub/pdf/scpops… Chris Giles

📢I am excited to present first results of our big new project 'Budgets and Geopolitics, 1870-2022' at the Munich Security Conference. We show: Military spending in G7 countries has fallen to historic lows, while social spending has risen. We clearly live in an 'age of butter,' not guns👇1/4

I am looking forward to join the Wealth and Consumption Inequality session at the ASSA 2024 in San Antonio, with Georgy Chabakauri, Mateo Velásquez-Giraldo and Tao Wang! If you are interested in these topics, come to our session on Sunday morning 😉

aeaweb.org/conference/202…

Researcher friends attending San Antonio #ASSA2024 , welcome to drop by our session on wealth and consumption inequality. Looking forward to chatting about research ideas.

New year, new CEPR paper🎊
'Interest Rate Uncertainty and Firm Decisions'
joint with Anne Duquerroy and Sarah Mouabbi
Facing high uncertainty about short-term interest rates, firms 🛩 investment, hiring & dividend payout and ✈ cash holding cepr.org/publications/d… via CEPR

PARUTION | 'Histoire économique de la France, de la Gaule à nos jours' de Charles Serfaty est #enlibrairie : une fresque totale et unique en son genre, par un des économistes les plus prometteurs de sa génération !
#rentréedesessais

'Corporate debt structure and heterogeneous monetary policy transmission' - our new Banque de France WP with Nuno Coimbra and Marie Alder banque-france.fr/en/publication…