Wisarut Suwanprasert @invariance
Enjoy #Math, #Chess, #Go / #Weiqi / #Baduk, #badminton, and #basketball. wisarutsuwanprasert.com Murfreesboro, TN Joined September 2009-
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Mainstream economics continues to rely on Newtonian mathematics — using calculus to optimise, subject to constraints, an approach not suited to understanding macroeconomics or human behavior. @TimHarford Nice shoutout to Vela Velupillai, my former professor at The New School
Standard critiques of economics: unrealistic assumptions and overly mathematical. But weakening the assumptions makes the math harder, not easier.
I know this paper is ready to be published because I hate it now and I never want to see it again.
Takatoshi Ito, a Columbia University professor whose role in bringing inflation targeting to Japan helped trigger one of the most aggressive monetary easing experiments in modern history, has died. He was 74. ebx.sh/nh4qn3
Takatoshi Ito, a leading Japanese economist, dies at 74 s.nikkei.com/46mcbzL
Townsend on Lucas is self-recommending: sciencedirect.com/science/articl…
I reverse engineered the San Francisco parking ticket system. I can see every ticket seconds after it's written So I made a website. Find My Friends? AVOID THE PARKING COPS.
🔗In this paper we construct a new database on human capital investment worldwide since 1800. 1⃣ World inequalities in HK investment are abysmal. If anything, they have increased. 2⃣ Substantial efforts at equalizing investment could play a key role in productivity convergence.
We have a new post!📬 ⭐️Factorial DiD (Xu, Zhao & Ding) ⭐️DiD With No Untreated Units (de Chaisemartin et al.) ⭐️Treatment Effects in Complex Designs (de Chaisemartin & D’Haultfœuille) ⭐️Inference With Few Treated Units (Alvarez, Ferman & Wüthrich) substacktools.com/sharex/ojC-3Lr2
VoxEU column with @DomenicoGiannon Summary: Real-time GDP releases understated the strength of the post-pandemic recovery in both the EA and the US, masking demand pressures. cepr.org/voxeu/columns/… Key chart with real-time predictions of GDP and inflation, and revised data:
What happens when the U.S. restricts H-1B visas? Firms don’t stop hiring talent, they just move jobs abroad. For every visa rejection, multinationals add ~0.4–0.9 foreign employees, especially in R&D hubs like India, China, and Canada.
Recent poverty statistics for Thailand is daunting. In 2024, the pov rate measured at the national pov line increased by 1.48 percentage points, with 1 m ppl newly identified as poor. Growth 2.4% in 2024 The sharpest increase since the 1997 AFC & bigger than the covid-19 year.
US academic economics market continuing to pull away from the COVID market this week. I created a little tracker for JOE here for those who want to play around with the data. Updates weekly: davidvandijcke.com/joe_tracker/
It has been 26 years since Bagwell and Staiger (1999) "An Economic Theory of GATT" 🥳🥳🥳
It has been 26 years since Bagwell and Staiger (1999) "An Economic Theory of GATT" 🥳🥳🥳 https://t.co/cugq5FtySV

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