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mazzimon.bsky.social

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THREAD 🧵: A Concerning Trend in the Heterogenous-Agent (HA) Macro Literature 1/n A growing class of computational algorithms makes heavy use of linearization methods to solve HA models. Two key benefits are emphasized: (i) (extreme) speed & (ii) allows many state (aggregate) variables. ++ #econ

submitted 10 days ago • 6 comments

Elon is living the economist dream: access to all the existing data for agents in the economy. Hours, income, health, education, employment, employment history, wealth, assets, taxes paid, returns on investment. Plus firms data. At the INDIVIDUAL LEVEL 🤯

submitted 17 days ago • 1 comment

In 2006, Argentina owed significant amounts in debt. To reduce the debt burden, the government tried to manipulate the CPI. The head of the statistics center (INDEC) refused to do this. She got fired and replaced.

submitted 20 days ago • 1 comment

It’s one of those days…

submitted 83 days ago • 0 comments