Franck Portier @fpj-portier.bsky.social · 26/02/2026Very nice summary of the paper. Thanks for having sent it to the Economic Journal! 010
Reposted by Franck PortierVoxEU @ CEPR @voxeu.org · 18/08/2025@deriddermaarten.bsky.social & Łukasz Rachel show that when quantified using recent estimates of the costs of #climatechange, emissions-adjusted productivity #growth has accelerated in recent years. cepr.org/voxeu/column... #EconSky 053
Reposted by Franck PortierJonas Hjort @hjortj.bsky.social · 29/04/2025We at @ucleconomics.bsky.social have extended the application deadline to our MA degrees by a week (until May 8th)--all nationalities warmly welcome! 0179
Franck Portier @fpj-portier.bsky.social · 04/02/2025I suspect Kim is only interested in engineering exogenous variations in tariffs to better estimate trade elasticities. 071
Reposted by Franck PortierRoyal Economic Society @resmedia.bsky.social · 28/01/2025📢CALL FOR PAPERS The Economic Journal Special issue: Climate Change and Inequality 📅Deadline: 28 February 2025 Editor: @albertobisin.bsky.social ➡️Learn more and submit: bit.ly/3YKS3lR @oupprimary.bsky.social #EconSky 01510
Franck Portier @fpj-portier.bsky.social · 17/04/2024#Econtwitter I forgot: Paul is presenting « The Dominant Role of Expectations and Broad-Based Supply Shocks in Driving Inflation » @nberpubs Macroannual conf on Friday. Check out there for program, Youtube channel, etc… t.co/1jVAhdQ8Ju 000
Franck Portier @fpj-portier.bsky.social · 17/04/2024A link to the paper @ nber www.nber.org/papers/w32322 000
Franck Portier @fpj-portier.bsky.social · 17/04/2024Lesson for monetary policy: raising interest rates to reduce labour market tightness is ineffective. One would have needed to curb down inflation expectations. Communication may be key (nothing in the paper on this). Thanks for your time. 9/9 000
Franck Portier @fpj-portier.bsky.social · 17/04/2024With a bit of deviation from full knowledge of the true model of the economy, this generates persistent quasi self-fulfilling inflation episodes. A full model is estimated and shows the dominant role of broad-based supply shock in the recent period. 8/9 000
Franck Portier @fpj-portier.bsky.social · 17/04/2024Confronted with an increase in many prices, agents put more weight on inflation being high, and revise accordingly their expectations Expectations then feed back into actual inflation. 7/9 000
Franck Portier @fpj-portier.bsky.social · 17/04/2024Here is our conjecture: agents form expectations by trying to extract a common component from disaggregated price data. Let’s assume that there are broad-based supply shocks increasing many (but not all) prices. 6/9 000
Franck Portier @fpj-portier.bsky.social · 17/04/2024We then show that given flatness and non persistent supply shocks, a Rat. Exp. model of the Phillips Curve cannot account for the recent inflationary episode. So it seems we need to rethink our modelling of inflation expectations. 5/9 000
Franck Portier @fpj-portier.bsky.social · 17/04/2024(c) Inflation expectations (one-year ahead), as measured from the Michigan Survey of Consumers, are persistent and account for most of the recent inflation episode. We confirm these results using some less structural VAR analysis. 4/9 000
Franck Portier @fpj-portier.bsky.social · 17/04/2024(b) supply shocks (the residuals from the PC) are almost iid: they cannot account for the persistence of inflation and inflation expectations. (hence the team transitory view) 3/9 000
Franck Portier @fpj-portier.bsky.social · 17/04/2024Take a New-Keynesian Phillips curve as a measurement tool: we observe that: (a) the Phillips curve is (very) flat and hasn’t steepened: output gaps cannot account for the recent bout of inflation. 2/9 000
Franck Portier @fpj-portier.bsky.social · 17/04/2024A thread on our recent cepr/nber paper « The Dominant Role of Expectations and Broad-Based Supply Shocks in Driving Inflation » with Paul Beaudry and Sev Hou. We aim at explaining US inflation dynamics in general and more specifically after 2020. #Econtwitter 1/9 000
Reposted by Franck PortierHeski Bar-Isaac @profeski.bsky.social · 15/04/2024Vacancy for special issues editor at the EJ! res.org.uk/the-economic... 011
Franck Portier @fpj-portier.bsky.social · 07/01/2024San Antonio is treating well macroeconomists at the #ASSA2024 : Patinkin playing at the Tobin center! 030
Franck Portier @fpj-portier.bsky.social · 28/11/2023#EconSky 📉📈 Great virtual issue of the EJ that collects best recent papers published in the EJ on income and wealth distribution. Foreword by F. Lippi and F. Portier. All articles in this virtual issue will be Free-to View for a limited time only, until May 2024. Don’t miss it! 👉 bit.ly/3Rk5cQj 076
Franck Portier @fpj-portier.bsky.social · 23/11/2023In his jmp, Guglielmo studies returns to vocational education in England. Exploiting variation in distance to the nearest vocational/academic provider, he measures causal returns to vocational educ. for students at the margin with academic educ./at the margin with quitting educ. 000
Franck Portier @fpj-portier.bsky.social · 23/11/2023In his jmp, Andrea explores teachers’ instructional decisions and their implications for the distribution of student achievement. He uses unique data from US elementary schools and estimates an equilibrium model of teacher instructional choices, student effort and achievement. 000
Franck Portier @fpj-portier.bsky.social · 23/11/2023In her jmp, Morgane studies the impact of work-from-home on households' consumption, wealth and housing decisions, both in the short and long-run. She uses detailed UK property-level housing data and a heterogeneous agent model with endogenous housing tenure and city geography. 000
Franck Portier @fpj-portier.bsky.social · 23/11/2023In his jmp, Jon studies whether unemployment insurance should vary over the business cycle. He derives sufficient statistics formulae and quantifies main forces at play exploiting the large variation in unemployment rate over time and across regions in Spain btw 2005 and 2017. 000
Franck Portier @fpj-portier.bsky.social · 23/11/2023In his jmp, Lorenzo studies a large place-based industrial policy aimed at establishing industrial clusters in Italy in the 60-70s. Results shows agglomeration of workers/firms in targeted areas persisted well after its termination, with spillover from manufacturing to services. 000
Franck Portier @fpj-portier.bsky.social · 23/11/2023In his jmp, Wenhao uses data and model of altruism within networks to study the evolution of patrilineal kinship in facilitating male marriages in 19th-century China amid development spurred by a forced port opening. 001
Franck Portier @fpj-portier.bsky.social · 23/11/2023In his jmp, Nick establishes a relationship between individuals’ beliefs for what type of political system should govern their country and extreme weather events, such as droughts. In the context of sub-Saharan Africa, he uses Afrobarometer and granular weather data. 000
Franck Portier @fpj-portier.bsky.social · 23/11/2023Please allow me to take a few minutes of your time to introduce the UCL economists that will be on the market this year. You won’t regret taking a close look at their application to your institution. Here they are, in alphabetic order. 000
Reposted by Franck PortierMichael McMahon @mcmahonecon.bsky.social · 08/11/2023PhD students in econ and finance take note… 1st PhD Conference at Imperial College Business School happening on April 25-26. Submit your papers (or extended abstract) by January 25, 2024. Details here: sites.google.com/view/icbs-ph... 023
Reposted by Franck Portierundercoverhist.bsky.social @undercoverhist.bsky.social · 08/11/2023Reminder #econsky We at CREST-ENSAE-Polytechnique are hiring we have several positions at assistant/associate level, any field econjobmarket.org/positions/9867 Deadline for applications is next Wednesday, Nov 15 01317
Franck Portier @fpj-portier.bsky.social · 09/10/2023My colleague Richard Blundell noticed this interesting fact: out of the 4 women that were elected Econometric Society fellow, 3 are/were UCL faculty: congrats to @MariaNardi, Uta Schönberg and Vasiliki Skreta! And also congrats to the 4th who is a stone's throw away from us (Nava Ashraf @ LSE) 011
Franck Portier @fpj-portier.bsky.social · 09/10/2023Congratulations to all the new Econometric Society fellows, and in particular to colleagues/former colleagues and people that I know and appreciate: Dean Corbae, Mariacristina De Nardi, Christian Hellwig, Thierry Mayer, Uta Schönberg, Vasiliki Skreta and Pierre-Olivier Weill. 031
Franck Portier @fpj-portier.bsky.social · 09/10/2023#EconSky Claudia Goldin is a great choice for this year Nobel prize! 092
Reposted by Franck PortierIvan Werning @ivanwerning.bsky.social · 05/10/2023Oops... here is the PDF instead www.dropbox.com/scl/fi/i7gm9... #EconSky 📉📈 0131
Reposted by Franck PortierIvan Werning @ivanwerning.bsky.social · 05/10/2023Just back from giving a talk to 2nd year students on how to approach research, how to write a paper. Abhijit was coming after me (good thing he didn't go first, tough act to follow!) Here are my slides... www.dropbox.com/scl/fi/0pm2m... 1115247
Franck Portier @fpj-portier.bsky.social · 06/10/2023I am new here. It may be a fact or an artefact, but I see a lot (in proportion) of German economists on Bluesky (nothing bad about it!). I wouldn't be surprise it is a stylized facts that new good/technology diffuses by proximity. 020
Reposted by Franck PortierAnita Gohdes @argohdes.bsky.social · 06/10/2023We're hiring an assistant prof in macroeconomics @ Hertie in Berlin, together with the IfW Kiel 👉 apply.interfolio.com/133002 02122
Reposted by Franck PortierLukas Freund @lukasfreund.bsky.social · 04/10/2023Super interesting paper by M Morazzoni (UCL), using a rich combination of micro data and theory to demonstrate how student loans interact with entrepreneurial dynamics & exploring policy implications. #EconSky 📉📈 🔗https://drive.google.com/file/d/1yplMDXtuomk_OLTABXiUx1ex3sMIpJ7C/view 031
