A new institution is born!

The Budget Lab is off to a great start with analysis of the expiration of the TCJA and the child tax credit. Next level in going beyond just budget scoring to think about outcomes.

I can't wait for more from this all-star group.

There has been an intellectual revolution around recognizing feedback effects of tax policies, and we need the same for expenditure policies.

Thrilled to see @the_budget_lab Natasha Sarin Danny Yagan Martha Gimbel launch to do this important work.

So excited to announce that @natasharsarin and Danny Yagan and I are launching @the_budget_lab at Yale Law School. Budget scoring is an incredibly important part of the policy process and our hope is to bring a new perspective, with a focus on innovation and transparency. 1/

For the U.S. to lead the world in the development of safe AI, we need the brightest minds at the helm. I’m proud to share that Elizabeth Kelly will lead the AI Safety Institute — and Elham Tabassi will play a central role on our executive leadership team. commerce.gov/news/press-rel…

Ivan Werning You should do like when Danny Yagan found coauthors Zidar and Zwick Owen Zidar

🥳🥳Congratulations to my amazing colleague Lawrence Katz for being elected President of the AEA! Congrats also to the new VPs Nick Bloom & Ebonya Washington, and to new EC members Amanda Kowalski and Lara Shore-Sheppard !

🚨NEW PAPER🚨 w/ Cass Sunstein

The Biden Administration has proposed new rules to make benefit-cost analysis (BCA) of spending more equitable.

We explain how we got here, why the rules’ critics are wrong, & where to go from here.

ssrn.com/abstract=45895…

🧵 1/

I'm hiring predocs to work w/ me on projects examining the U.S. healthcare system, consumer financial markets, and other topics.

You'll be part of an awesome community of Stanford Institute for Economic Policy Research predoc fellows and can take classes at Stanford.

Deadline is Oct 20th. Info below.

#econra

Congratulations to Jakob Brounstein (Jakob Brounstein) for winning the International Tax and Public Finance PhD Student Award for his paper 'Can Countries Unilaterally Mitigate Tax Haven Usage? Evidence from Ecuadorian Transaction Tax Data' presented at the IIPF - International Institute of Public Finance annual Congress!

One amazing fact from new Opportunity Insights paper by Chetty John N.Friedman & David Deming is not about admission policy - it's about earlier inequality of opportunity. Take 1k very rich kids, expect 68 to get top SAT scores. Take 1k poor kids, expect 0. Zero. Even 1k

This is a huge honor and privilege. 🙏🏿

gao.gov/products/gao-2…

I am thrilled to share the news that I will be joining The Brookings Institution as a VP and Director of Economic Studies. It's a true honor. brookings.edu/news/brookings…

Welcoming Ben Harris Ben Harris as Vice President and Director of Economic Studies brookings.edu/news/brookings… Brookings Econ

I am delighted to be (re)joining the faculty at UC Berkeley's Haas School of Business.

Princeton has been such an important place to me for so many years, and I will miss everyone there.

Excited for the future!

🗓️Save the Date! On July 11, O-Lab will host its Place-Based Policy Convening w/ Upjohn Institute, focusing on research + policy efforts to promote regional economic development.

Don't miss a keynote by Jim Clyburn, + talks from Danny Yagan & Mark Muro:olab.berkeley.edu/olab-events/ol…

We're excited to announce that Ronnie Chatterji, White House Coordinator for #CHIPSAct , will speak at our July 11 Place-Based Policy Convening! Ronnie will discuss how the CHIPS and Science Act can act as a tool for US regional development.

Register here!
berkeley.zoom.us/webinar/regist…

New from me: The Supreme Court will take a rare dive into the 16th Amendment. The justices said Monday they will hear a case that questions whether a key part of the 2017 tax law was unconstitutional.

Implications are large.

wsj.com/articles/supre…

Today, the The FCC proposed a rule to require 'all-in, upfront' pricing for cable and satellite TV providers.

Thread summarizing the problem, the rule, and why it's good for markets and consumers.

FCC NPRM:

fcc.gov/document/fcc-s…

WH statement:

whitehouse.gov/briefing-room/…

1/6

Tuesday was my last day at the White House NEC. I'm indebted to Brian Deese and Lael Brainard for their trust and incisive leadership, and to President Biden for his vision of a bottom-up, middle-out economy that animated our work. 1/3