13 Photos and videos
Pascal Noel retweeted
Mar 31
🧵 1/11 Half of U.S. adults already use AI for financial advice: what advice are they getting?
New paper: we ask people to write prompts seeking financial advice from LLMs & simulate the lifetime impact of following that advice (w/ @timdesilva, @wdwlin &
@AkuzawaMatthew)
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Pascal Noel retweeted
Mar 13
A lot of my research works with big data and long pipelines. I wasn't able to find examples of a skill for unit tests on such environments (I'm sure it's out there though!) so my lab put one together. It has multiple modes depending on data complexity.
github.com/uchicago-bfi-gnla…
Mar 1
I’m looking for examples of AI-based workflows for econ/social science research. Two particular qs (not related to each other)
1) examples of test-driven development for an AI writing code?
2) examples of AI writing and testing a data build which is long and expensive to run?
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Feb 8
The Booth B GPA cap in each class also cuts down on grade complaints. You tell a student their ranking in the class point distribution and it is very hard for them to argue for a higher grade when there is a hard cap. @JohnHCochrane 's proposed refinement would be even better.
Feb 7
It’s pretty easy. Impose grade average. Chicago booth has done it for decades. Computer won’t take grades otherwise. Refinement: average out =average in so hard classes that attract good students not penalized.
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đź’Ż Here's the thing: the current UI system is very poorly designed to help white collar workers.
For starters, the weekly benefit caps in many states make the replacement rates very low for middle class workers (e.g., $235 in MS).
So yes, it would be great to fix UI.
Our current UI system is actually equipped to handle very little. It takes forever to get approved, benefits are often skimpy, etc. You don’t have to think mass layoffs are coming to want to fix UI.
But if you think technological change is coming you should REALLY want it fixed
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Pascal Noel retweeted
28 Oct 2025
🚨New predoc positions!🚨
Join @AlexBartik and me to work on developing LLM tools to analyze zoning regulations and their impacts on housing affordability.
One position starting at the "normal" cycle next year, and another ASAP.
Apply here: apply.interfolio.com/176538
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Pascal Noel retweeted
14 Oct 2025
Time to tweet about a great new-ish paper from Christina Patterson (disclosure: my wife!), @p_ganong, @pascaljnoel, @JoeVavra, and @AlexWeinberg_ that I think is in a sweet spot of “things economists don’t think about enough” and “true and important” – earnings fluctuations! 1/n
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Pascal Noel retweeted
1 Oct 2025
🚨 New insights from #JPMorganChaseInstitute: "Earnings Instability – The Hidden Volatility of American Workers’ Paychecks." Steady jobs don’t always mean steady income. Here’s what we found 👇
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18 Aug 2025
Aspiring researchers: come work at Chicago Booth! I'm hiring pre-doctoral fellows along with a group of Booth colleagues and our co-authors at other institutions. Positions start summer 2026.
Application: chicagobooth.edu/-/media/fac…
First deadline: September 8
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18 Aug 2025
More information about working in our lab is available at our lab wiki here: github.com/uchicago-bfi-gnla…
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18 Aug 2025
Some of our wonderful current and former pre-docs on Twitter include
@BonomoTessa, @gc_jordan_, @pd_robertson, @NWuthenow, @katiekzhang, @tim_cejka, @Rupsha_Debnath, @theopgrayer and
@ari_anisfeld. Come join our team!
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23 Feb 2025
One thing that confuses me in the debate between @jasonfurman and @econJaredB over the Biden econ policy record, and in particular culpability for inflation, is that the Fed is hardly mentioned.
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23 Feb 2025
But another reason to potentially favor going too big over going too small is asymmetry in the Fed’s toolkit. If fiscal policy does too little and the Fed is already at its constraint it is hard to fix. But if fiscal policy ends up being too expansionary the Fed can counteract.
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23 Feb 2025
It is nearly impossible to fine tune fiscal policy as the situation becomes clear. But monetary policy can do this. Jason notes that the Fed was indeed too slow. So then is this obviously a failure of Biden, or of the Fed?
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Pascal Noel retweeted
17 Nov 2024
Was great to see alums from my lab with @pascaljnoel last week and to hear many of them present on topics in development, hh finance, education, behavioral, intl trade, and public!
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6 Nov 2024
Borrowing cots can matter. A lot.
6 Nov 2024
Moreover, the huge fiscal response played a large role in elevating mortgage interest rates, another thing people don't love but often was absent from inflation or cost of living discussions. (Other factors also raised mortgage rates, like the AI boom.). nber.org/papers/w32163
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