Money is the most fascinating topic in economics. This is a sample of the books I've been checking this week as I work on an article 😊

In the 1820s, several Latin American nations defaulted—Peru, Mexico, Argentina. Brazil didn't. Why? Nathan Rothschild was trapped. He held so much Brazilian debt that he couldn't let Brazil fail. So in 1829, while the continent burned, he issued a new loan to Brazil just to pay off the old ones. We call it a Dynamic Hold-up Problem. Grey Gordon (@RichFedResearch) presents our theory with @gaston_chaumont (@UofR) on why this mechanism keeps self-fulfilling crises alive at @_SaMMF_ on Feb 9 at 12PM. Register now! essex-university.zoom.us/web… @UoE_Economics

Picture of my dog made to @_SaMMF_ inflation workshop. 😆 youtu.be/CmbJiwATPNg?si=YeF9…

1. It is going down since 2022 and have stayed within trend. 2. Industrial production was also going down and did reverse course. We are having an AI boom, we don't know how that will affect labor allocation accross industries.

The numbers, while accurate, lack nuance and aggregate data often conceal specifics. The PhD market is not the same as the US academic market. The US academic market numbers exceed the pandemic lows. Of course, this context does not reassure anyone facing the market today.

Just returned from an outstanding IX Santiago Macro Workshop. @marcorojas89 and @javier_turen did an amazing job organizing it. A special thanks to @caiohm for the invitation and to all participants for the great talks and discussions. Check the attached program! @CBChileresearch @IE_UC

Just got my copy! What are you waiting for? Order now and check this awesome interview with @poweill @benjamminlester and Julien Hugonnier at @_SaMMF_ in the link below! youtu.be/pBznHs8PVxA?si=4Lu2…

Join us this fall for these exciting virtual seminars!

We are up and running for Fall 2025!

🔖 The @_SaMMF_ Fall 2025 schedule is LIVE! I'm thrilled to announce our lineup of virtual speakers in Macro and Finance. 📅 Sep 8: Randall Wright 📅 Oct 6: Brendan Daley 📅 Nov 10: Guillaume Rocheteau 📅 Nov 24: @SakiBigio All seminars are at 12pm ET on Zoom. Register on the our website below! sammf.com/

🏆 Prize Session – REAG Investimentos | EBFin 2025 Durante a cerimônia de encerramento do XXV Encontro Brasileiro de Finanças (#EBFin 2025), foram anunciados os vencedores dos Prêmios REAG Investimentos de Melhores Artigos, nas categorias Empirical Asset Pricing, Macrofinance e Banking. Os prêmios, que levaram o nome da patrocinadora REAG Investimentos, foram entregues pelo Professor Marcelo Fernandes, Presidente da Sociedade Brasileira de Finanças (SBFin). 📍Local do evento: Insper, São Paulo 📅 Data: 24 a 26 de julho de 2025 📌 Auditório Steffi e Max Perlman – Térreo Categoria: Empirical Asset Pricing 🟩 1º lugar: "Weak Signals, Small Bets: A Portfolio Perspective on Firm Characteristics" Autores: Pedro H. M. Venturi (Queen Mary University of London) & Daniele Bianchi (Queen Mary University of London) 🟦 2º lugar: "Implied impermanent loss: A cross-sectional analysis of decentralized liquidity pools" Autores: Lorenzo Schoenleber (Collegio Carlo Alberto) & Andrew Papanicolaou (North Carolina State University) Categoria: Macrofinance 🟩 1º lugar: "Heterogeneous beliefs, asset prices, and business cycles" Autores: Dejanir Silva (Purdue University), Saki Bigio (University of California) & Eduardo Zilberman (PUC-Rio) 🟦 2º lugar: "Trading choices" Autores: Andre Silva (Nova School of Business and Economics), Bruno Sultanum (University of Essex) & Lucas B. Dyskant (Barclays Corporate & Investment Bank) Categoria: Banking 🟩 1º lugar: "Consumer loans, heterogeneous interest rates, and inequality" Autores: Marco Bonomo (Insper), Tiago Cavalcanti (University of Cambridge), Fernando Chertman (Banco Central do Brasil), Amanda Fantinatti (FGV EESP), Andrew Hannon (Banco Central Europeu) & Cezar Santos (BID) 🟦 2º lugar: "Bank liquidity mismatch in the reserve cycle" Autores: Rafael Matta (SKEMA Business School), Enrico Perotti (University of Amsterdam) & Spyros Terovitis (University of Amsterdam)

📢 Don't miss @_SaMMF_ next seminar! Prof. @GuidoMenzio (@NYUFASEcon) will present "Markups: A Search-Theoretic Perspective." 🗓️ Date: Monday June 9, 2025 ⏰ Time: 12:00 PM ET (US and Canada) 🔗 Registration: essex-university.zoom.us/web… #EconTwitter #Economics #Finance

Check out this great seminar by Quentin!

youtube.com/watch?v=6lpCSFi7… 📢 Don't miss this @_SaMMF_ seminar by Katka Borovickova on “Assortative Matching and Wages: The Role of Selection". Thanks again for a great seminar and kudos to our panelists for the great atmosphere!

🚨We just released a paper examining the long-terms economic impacts of "Liberation Day" tariffs. In summary: while these tariffs may help reduce the trade deficit, they will impose significant costs on the U.S. economy after retaliation by trade partners.