Prof @cemfinews, AscProf @IIES_Sthlm, Fmr Editor @RevEconStudies, PhD @Penn, @MarshallAlums @UVA macro research @iza_bonn @cepr_org 🌈🇩🇪🇸🇪🇺🇸
Joined September 2012
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15 Jul 2025
Have falling labor market barriers to women led to a change in selection of high-skilled women away from education, leading to a decline in the quality of teachers, and human capital production? See my co-author Kieran present our paper at NBER SI
youtube.com/live/mQbLtpkXUH0…
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Kurt MIT-shock-man retweeted
Congrats to @LlavadorPeralt on successfully defending his thesis “Firm Granularity, Growth, and Inflation Persistence: Essays in Macroeconomics.”
Thanks to opponent Miguel León-Ledesma @uniofexeterESE for a thorough discussion.
Next: Bank of Portugal su.se/english/divisions/inst…
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Who bears the burden of oil shocks? Particularly relevant to think about who bears the costs of the closure of the Strait of Hormuz. Check out our new @voxeu column!
The unequal burden of oil shocks: Labour markets and monetary policy
Tobias Broer @PSEinfo, John Kramer @jvkramer1 @UCPH_Research, Kurt Mitman @SorryToBeKurt @IIES_Sthlm
ow.ly/5X4R50ZaYvt
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Kurt MIT-shock-man retweeted
Jun 10
This week, we hear from the amazing @InaSimonovska.
"I am the biggest feminist I know, and I think that the equal treatment for men and women with kids regarding the tenure clock is just about the most discriminatory rule out there."
Jun 10
Week 12 of One Extra Year is out (aka we almost made it through the 1st trimester)! For more pregnancy maths, read this week’s incredible and harrowing journey by @InaSimonovska.
"So, if we were only evaluated on the basis of teaching, in the worst case scenario of my first kid, I would’ve needed at least 3 extra months due to physical constraints. But, we get evaluated based on research. And for that, #1 #2 of active brain fog purely caused by hormones during pregnancy and breastfeeding would mean 29 months."
Thank you so much for sharing your very personal story!
oneextrayear.substack.com/p/…
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Kurt MIT-shock-man retweeted
Perhaps the most rewarding part of our lives!!
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Very proud of my student, now Dr. @BernardinoTiago on successfully defending his thesis! Best of luck starting as an assistant professor in Lisbon!
Join us in congratulating @BernardinoTiago on successfully defending his thesis "Consumption, Prices, and Policy: Essays in Macroeconomics and Public Economics". He will join Uni of Lisbon as AP.
A warm thank you to our opponent Erik Hurst @ChicagoBooth su.se/english/divisions/inst…
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Alessandra and I saw you @King_ofSweden yesterday, you could have at least stopped to say hi
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Kurt MIT-shock-man retweeted
Why do we need a set of agreed-upon norms?
Because without them, "… motherhood becomes simultaneously hyper-visible and invisible: visible in its consequences, invisible in the evaluation criteria."
Reach out if you have ideas / would like to be part of this endeavor!
Jun 3
It’s story day! This week, wonderful Giulia Rivolta shares her perseverance through a brutal pre-/during-/post-partum ordeal while navigating insecure postdocs. A clear reminder why we need agreed norms for motherhood on CVs.
oneextrayear.substack.com/p/…
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Kurt MIT-shock-man retweeted
TOMORROW Thurs 4 June at 10am (CEST) we are thrilled to welcome Erik Hurst from @ChicagoBooth who will present his paper "Automation, Learning and Career Dynamics". su.se/english/divisions/inst…
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Kurt MIT-shock-man retweeted
Jun 3
Indeed, much needed!
In a new work, I develop a new global & non-linear method for HA models (another one!) but based on the Master equation with Projections. There, I show that linearity can miss important features in such models.
ML/DL/RL-methods also offer formidable avenues to approach those problems!
More on that in a thread coming soon!
@JavierBianchi7 @GregWKaplan @ludwigstraub @a_auclert
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Kurt MIT-shock-man retweeted
I am a big fan of all the papers involved and always liked how your paper explicitly points to the checks! To be precise (as you say in the paper), though, the checks are necessary, not sufficient.
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Interesting paper that implements the type of tests to check whether linearization is a good approximation that we proposed in my paper with Per and Timo where we introduced linearization in HA models using MIT shocks (sciencedirect.com/science/ar…)
📢 New paper w/ @GregWKaplan 🧵1/10
How small is “small” for local-linear methods to deliver reliable answers in heterogeneous-agent models of fiscal stimulus?
Our answer: very small.
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In general equilibrium we found modest non-linearities in spending multipliers, a bit stronger for transfers. Admittedly, we only considered increases in transfers up to about 1% of GDP (the scales before are own % increases). So perhaps things get more non-linear further out
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Looking forward to seeing the presentation (and @ludwigstraub and @a_auclert paper) at NBER this summer!
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Kurt MIT-shock-man retweeted
Jun 2
📢 Macro Theory with Measured Expectations (with Roth, Wiederholt, Wohlfahrt)📢
The Lucas critique says policy evaluations based on historical correlations can fail because policy changes alter expectation formation.
We propose a way to address this: measure expectations under alternative policy scenarios.
Below, I quickly describe 4 key results that emerge from this approach. Details in the paper👇
ralphluetticke.com/files/LRW…
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May 31
Newly revised and much improved version of the third chapter of my PhD dissertation 🎓, w/the one and only @cian_ruane.
Distribution costs in Indian manufacturing are high and act as a barrier to growth for productive firms.
Brief summary below🧵:
Distribution costs in Indian manufacturing are high. As domestic distribution improved in the 2000s, large firms grew, and small firms shrank; manufacturing consumption rose 25 percent, from Cian Ruane and @Ale_M_Peter nber.org/papers/w35252
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May 27
We are tough. We are resilient. We love our careers...We do not want privileges. We do not want lower standards. We want a real chance to become the best economists we can be, while also going through the extraordinary, demanding, and chosen experience of becoming mothers.
May 27
Week 10: This week, we hear from the amazing @emanresa82 . Count on a world-class econometrician to write about her experience AND think about what the right question and counterfactual even are conceptually.
open.substack.com/pub/oneext…
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Kurt MIT-shock-man retweeted
Why do your coffee, rent, & grocery bills matter for central banks and governments? Because the choices households make—& the differences between them—shape how monetary and fiscal policies work. In his thesis, @BernardinoTiago dives into exactly this. 🧵 bit.ly/49iAQWV
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May 24
The International Economic Review has just published a wonderful paper by the late Marcus Hagedorn (with special thanks to Iourii Manovskii) on A Demand Theory of the Price Level. It is available through @WileyEconomics here: onlinelibrary.wiley.com/doi/…
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