Thomas Barrios @tbarrios2
Applied Scientist, Labor Economist, Econometrician CA, USA Joined April 2009-
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Given the starting deficit, a good budget must have two types of measures. Measures that are good for output, good for people, help the budget, but take time to implement and to show their effects. Measures that show a commitment to reducing the deficit now, which are likely to…
Here’s a thread explaining the paper and its key lessons for central banks under political pressure: x.com/alpsimsek_econ…
Here’s a thread explaining the paper and its key lessons for central banks under political pressure: x.com/alpsimsek_econ…
Breaking News: The White House withdrew the nomination of E.J. Antoni to lead the Bureau of Labor Statistics. nyti.ms/42PwH9A
As we approach the @NobelPrize week, here a summary (@ScandJEcon ) of last year's #economics prize on work by @DAcemogluMIT, Jim Robinson, and @baselinescene in #institutions, #democracy, and #classstruggles on development, with an emphasis on history onlinelibrary.wiley.com/doi/10.1111/sj…
Rest in peace Takatoshi Ito. Taka was my friend from the first day of graduate school just 50 years ago. No one I have known combined cutting-edge macroeconomic insight and deep knowledge of the Japanese economy the way Taka did. The formidably of his intellect was matched only…
This morning, the @ChicagoFed introduced new labor market indicators that combine private sector data with official labor statistics to provide a real-time view of hiring, layoffs and other job separations, and an early forecast of the unemployment rate. chicagofed.org/research/data/….
Fed statement makes it official: Stagflation is in the room. "Job gains have slowed, and the unemployment rate has edged up... Inflation has moved up and remains somewhat elevated. "
Now forthcoming in the Journal of Macroeconomics:
Now forthcoming in the Journal of Macroeconomics:
Imagine a mass media TV environment where Philippe Aghion and Gabriel Zucman politely discuss their different views on policy proposals.
Imagine a mass media TV environment where Philippe Aghion and Gabriel Zucman politely discuss their different views on policy proposals.
Cuba's national power grid collapsed, leaving 10 million residents without power, several of whom were already experiencing daily blackouts of 16 hours or more reut.rs/4maJgDq
Employers added 22,000 jobs in August, with private sector payrolls up 38,000. The unemployment rate rose to 4.3% (This is the highest since 2021.) Job growth for June was revised down to show a *loss* of 13,000 jobs, and July was revised up to a gain of 79,000 from 73,000. On…
I recently received an unsolicited review of Our Dollar, Your Problem yalebooks.yale.edu/book/978030027… from the head of economic research at an important central bank who granted permission to post it on my own social media. It is on my substack Dollar Decoded
DOG-efficiency calls for having a single corporation here, I propose calling it "Intrak" or "Amtrintel"
A few comments from the #LINNCParis directors on this innovation: Jacques Moret describes the procedure as "tremendous" yet also very simple, Laurent Spelle calls it "absolutely extraordinary", and @vitorpereiracan says it is "a crazy idea, but a great idea" @LINNConline
BREAKING: new study just dropped that shows compelling evidence that cell phone bans cause student grades to modestly increase. Grade increases are largest among low performing students.
NEWS: Fed governor Adriana Kugler is resigning effective next Friday. federalreserve.gov/newsevents/pre…
What if Michael Jordan had to mow his own lawn but now he can have a AI robot do this job? How does 1996 MJ reallocate his time? Do the Bulls become a better team due to AI? The Impact of AI Adoption on Worker Productivity and Quality of Life open.substack.com/pub/mattheweka…

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