Reposted by Patrick SchneiderBen Ansell @benansell.bsky.social · 30/10/2025Also a reminder that ‘joined up government’ sometimes means things like the Home Office giving dubious travel data to HMRC, so you just get ‘joined up dysfunction’ 1697
Reposted by Patrick SchneiderHenry Mance @henrymance.ft.com · 27/06/2025Jaw-dropping reporting by Haaretz www.haaretz.com/israel-news/... 8721321200
Patrick Schneider @patricksecon.bsky.social · 04/06/2025AI is getting to be as smart as a PhD - the kind of PhD who would fabricate all the data for a research paper on the impact of AI. amandaguinzburg.substack.com/p/diabolus-e...amandaguinzburg.substack.comDiabolus Ex MachinaThis Is Not An Essay 140
Reposted by Patrick SchneiderJosh Marshall @joshtpm.bsky.social · 30/05/2025As I note here, really zero reason to believe Elon is stepping away from anything. This is all a crisis comms campaign. talkingpointsmemo.com/edblog/dont-...talkingpointsmemo.comDon’t Fall For Elon Inc.’s Press CampaignWe’re in the midst of a storm of articles — variously encomiums,... 511376349
Reposted by Patrick SchneiderAndrea Matranga @andreamatranga.bsky.social · 29/05/2025The tragic landslide in Blatten gives me the excuse to tell you the story of how we found out Ice Ages existed. It's a cool story and the most important bit is rather similar to what's happening now. 26951414
Reposted by Patrick SchneiderNoah Rosenblum @narosenblum.bsky.social · 24/05/2025The real problem with the Supreme Court’s expected Fed carve out is not that it lacks a principle but that the real principle isn’t articulated. The reason it will carve out the Fed is functional but it won’t say that. And its jurisprudence doesn’t leave room to ventilate the functional arg.(1/8) 29868176
Reposted by Patrick SchneiderMonica Marks @monicamarks.bsky.social · 22/05/2025A man named Elias Rodriguez just shot dead two Israeli embassy staffers at a Jewish museum in DC, shouting “free Palestine!” An awful, criminal act that puts Israel back in a victim position. I’ve never seen a just cause attract such a high % of counterproductive “allies.” 🧵 2759
Patrick Schneider @patricksecon.bsky.social · 21/05/2025Sigmund Freud’s ‘psychology’ is still getting parents in hot water 020
Patrick Schneider @patricksecon.bsky.social · 17/05/2025Correct take. If it’s good to force people to save for retirement, we don’t need to also compensate with tax breaks. This is true even if we’re only trying to force some people to save (eg because they have present bias) 151
Reposted by Patrick SchneiderLydia Polgreen @polgreen.bsky.social · 16/05/2025My god. What an abomination. www.nbcnews.com/politics/nat...nbcnews.comTrump administration working on plan to move 1 million Palestinians to LibyaDetails are murky and no final agreement has been reached, but the plan is under serious enough consideration that the administration has discussed it with Libyan leadership. 39648239
Patrick Schneider @patricksecon.bsky.social · 16/05/2025The ISA landscape is so confused. Exhibit 1: you can keep funds in cash within a stocks and shares ISA. Removing the Cash ISA would just preference one type of institution over another (banks). on.ft.com/4mjY2ZI UK ministers consider cutting tax-free cash Isa allowanceon.ft.comUK ministers consider cutting tax-free cash Isa allowanceCity groups think such a move will attract money into equity funds and domestic shares 110
Patrick Schneider @patricksecon.bsky.social · 12/05/2025New NBER WP by @kbuzard7.bsky.social @laurakgee.bsky.social and @olgastoddard.bsky.social finds mums are 1.4x more likely than dads to get a callback from schools, despite no request for the skew.nber.orgWho You Gonna Call? Gender Inequality in External Demands for Parental InvolvementFounded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an... 153
Reposted by Patrick SchneiderTomas Hirst @tomashirstecon.bsky.social · 11/05/2025This Labour government’s apparently policy in office is to somehow improve growth/productivity while attempting to force a larger share of the overall workforce into lower value add employment and undermining profit centres. It’s definitively an unconventional approach! 622862
Reposted by Patrick SchneiderFinancial Times @financialtimes.com · 07/05/2025Opinion from the FT's Editorial Board: 'The US and European countries that tout Israel as an ally that shares their values have issued barely a word of condemnation. They should be ashamed of their silence, and stop enabling Netanyahu to act with impunity.' www.ft.com/content/f5fd... 040981917
Reposted by Patrick SchneiderJulia Carrie Wong @joolia.bsky.social · 06/05/2025 A world historical crime, taking place in full view, with the perpetrators so convinced of their impunity that they can brag about genocidal intent, and it’s hard not to agree with their calculation that no one will stop them and no one will be held accountabletheguardian.comGaza will be entirely destroyed, Israeli minister saysBezalel Smotrich says Palestinians will ‘leave in great numbers to third countries’, raising fears of ethnic cleansing 2620091275
Patrick Schneider @patricksecon.bsky.social · 02/05/2025We need to replace all compensating variation evaluations with numbers of thumbs. Interpretable like CV, but much less likely to be biased in favour of wealthy people’s preferences. 130
Reposted by Patrick SchneiderRandall Munroe @xkcd.com · 25/04/2025PhD Timeline xkcd.com/3081 5865978920441
Reposted by Patrick SchneiderBen Ansell @benansell.bsky.social · 20/04/2025How better to celebrate Easter than with a discussion of whether Donald Trump is a Leviathan or Anti-Leviathan? New post from me about whether it makes sense to use theories about dictatorship to understand Trump's kind of chaotic authoritarianism. 1/n benansell.substack.com/p/donald-tru...benansell.substack.comDonald Trump's Anti-LeviathanWhat if we abandoned the social contract for the state of nature? 419562
Reposted by Patrick SchneiderJustin Wolfers @justinwolfers.bsky.social · 05/04/2025This is remarkably close to what we had six days ago. The average tariff rate of most European nations was about 1%. 451025231
Reposted by Patrick SchneiderBen Ansell @benansell.bsky.social · 05/04/2025New post from me about Trump's tariffs and why Harold Macmillan was right - we Brits are truly Greece to America's Rome - because our Brexit-era compulsion to think everything was 'simple' has a Trumpian heir. A short thread. 1/n benansell.substack.com/p/simplebenansell.substack.comSimpleOr perhaps not 115067
Reposted by Patrick SchneiderChristoph Koettl @ckoettl.bsky.social · 05/04/2025Video obtained by my colleague Farnaz Fassihi shows how the IDF deliberately attacked, over several minutes, a convoy of ambulances and other emergency vehicles in #Gaza. #Israel wrongly claimed that the vehicles drove without emergency signals and headlights. www.nytimes.com/2025/04/04/w...nytimes.comVideo Shows Aid Workers Killed in Gaza Under Gunfire Barrage, With Ambulance Lights On (Gift Article)The U.N. has said Israel killed the workers. The video appears to contradict Israel’s version of the incident, which described the vehicles as “advancing suspiciously” without headlights or emergency ... 701454877
Patrick Schneider @patricksecon.bsky.social · 04/04/2025Comparisons like this really aren’t meaningful. Do the same for the 1929 crash ($34bn lost peak to trough) to see why. % down is better. This graph says more about market gains in the intervening period than losses in the last few months 000
Reposted by Patrick SchneiderJamie Hall @jamiehall.cc · 03/04/2025This, by @zacgross.bsky.social, is very smart take on how Albo should respond to the Trump tariffs open.substack.com/pub/gross/p/...open.substack.comThe Smart Way to Retaliate Against Trump’s TariffsWhy make your own citizens pay, when you can make Big Pharma do it instead? 1156
Patrick Schneider @patricksecon.bsky.social · 03/04/2025Colbert: the art of taxation is like plucking a goose to max feathers and min hissing Trump: I love the sound of hissing in the morning 000
Reposted by Patrick SchneiderThomas Sampson @thomsampson.bsky.social · 03/04/2025The formula is a distraction. Reverse engineered to justify Trump's misguided obsession with bilateral trade deficits. The issue to focus on is how the rest of the world should respond now that the US is no longer part of the rules based trading system 2157
Patrick Schneider @patricksecon.bsky.social · 03/04/2025The formula isn’t *that* mad - it’s exactly what chatgpt would suggest if you asked it to design a policy to eliminate trade deficits and ignore all other considerations. Terrible policy, but coherent given its single-mindedness 220
Patrick Schneider @patricksecon.bsky.social · 03/04/2025“Assuming that offsetting exchange rate and GE effects are small enough to be ignored…” 121
Patrick Schneider @patricksecon.bsky.social · 03/04/2025🤯 ChatGPT almost certainly responsible for the tariffs on uninhabited Antarctic territories as well 000
Reposted by Patrick SchneiderJames Medlock @jdcmedlock.bsky.social · 01/03/2025Elon Musk just called Social Security a Ponzi scheme, so it’s worth reiterating: All functional retirement schemes, public or private, pre funded or pay as you go, are claims on future production - there's just no way, at scale, of storing current production for use during retirement 1243816849
Reposted by Patrick SchneiderBen Moll @benmoll.bsky.social · 17/02/2025I couldn't agree more! The excessive focus on linearized solutions to HA models is a bit like the old joke about the drunk who is looking for a key under a lamppost because that's where the light is. More discussion of why we need non-linear models and ways forward here benjaminmoll.com/challenge/benjaminmoll.com 1458
Reposted by Patrick SchneiderShengwu Li @shengwuli.bsky.social · 07/02/2025🚨 Oprea (2024 AER) argued that prospect theory choice anomalies were not due to risk, but due to complexity-driven mistakes. But this new analysis convinces me that Oprea (2024) is substantially wrong. In my opinion, the paper should be retracted. 1010425
Reposted by Patrick SchneiderThomas Sampson @thomsampson.bsky.social · 31/01/2025Thread for Brexit memorial day I want to highlight 2 big open questions about the economic consequences of Brexit 1. Why did Brexit reduce UK output growth? 2. How bad has the TCA been for UK trade? 1/ 43526
Reposted by Patrick SchneiderGiles Wilkes @gilesyb.bsky.social · 29/01/2025I can be as critical as anyone of the government's occasionally muddled message on growth but Look! At! This! Chart!! Anything they've done pales next to this GIGANTIC UNFORCED ERROR COMMITTED IN 2016! (fagpacket maths follows) on.ft.com/4hzyvbJ 391897676
Reposted by Patrick SchneiderThe Empty City @davidallengreen.bsky.social · 11/01/2025New The coming battle between social media and the state Behind the alignment of X and Meta with Trump is a cold business logic — and a position of weakness rather than strength By me, in todays @financialtimes.com www.ft.com/content/917c... 726641094
Reposted by Patrick SchneiderPepper Culpepper @pculpepper.bsky.social · 11/01/2025Such an important insight by @davidallengreen.bsky.social in the FT today. Tech companies fear regulation. What better lobbying strategy against foreign governments than to cozy up to the new US administration? They can’t win on their own. 35213
Patrick Schneider @patricksecon.bsky.social · 06/01/2025It would be cool if we stopped abbreviating and went back to the original - 'border Caesar', 'drug Caesar' 010
Reposted by Patrick SchneiderDani Rodrik @drodrik.bsky.social · 24/12/2024It’s impossible not to know what’s happening in Gaza. Article by two prominent Israeli economists Motty Perry and Ariel Rubinstein www.haaretz.com/opinion/2024...haaretz.comIt's impossible not to know what's going on in Gaza | Opinion*** 4266106
Reposted by Patrick SchneiderBen Golub @bengolub.bsky.social · 24/12/2024In economics, editors, referees, and authors often behave as if a published paper should reflect some kind of authoritative consensus. As a result, valuable debate happens in secret, and the resulting paper is an opaque compromise with anonymous co-authors called referees. 1/ 28547158
Patrick Schneider @patricksecon.bsky.social · 20/12/2024There's a strange development happening in the #EconJobMarket this year: av. interview invites per job is *way* down on previous years. Anyone know what could explain this? 123
Reposted by Patrick SchneiderThomas Sampson @thomsampson.bsky.social · 18/12/2024New research. How has Brexit affected UK trade? We find TCA reduced goods exports by 6.4%, imports by 3.1% Smaller firms hardest hit. Around 16,400 firms stopped exporting to the EU entirely But larger firms' exports unaffected, contributing to relatively small fall in overall trade 1/ 78054
Reposted by Patrick SchneiderBen Moll @benmoll.bsky.social · 19/12/2024Want to solve heterogeneous-agent models with multiple endogenous state variables, say a multi-asset HANK model? @soroushs.bsky.social and @patricksecon.bsky.social developed a much-improved finite-difference scheme for such problems: github.com/SSabet/Neste... Also here benjaminmoll.com/codes/ 2196
Reposted by Patrick SchneiderMatt Collin @mattcollin.bsky.social · 18/12/2024The @wsj.com perpetuates the myth that compliance with beneficial reporting requirements in the US is somehow a 'burden' for small businesses Let's be clear: every legitimate small business in America has this information right on hand, they just gave to write it down www.wsj.com/opinion/corp...wsj.comOpinion | Repeal the Corporate Transparency ActA judge has enjoined this burden on small business, and Congress can act. 2189
Reposted by Patrick SchneiderSteven Hamilton @shamilton.bsky.social · 17/12/2024Here's a new version of our paper on Australia's pandemic pension withdrawals, our third major revision. This revision brings a new title, a narrative reframing, and a major overhaul of our calibration exercise. 🧵 static1.squarespace.com/static/59b0b... 3183
Reposted by Patrick SchneiderMichelle Rao @mrao.bsky.social · 27/11/2024Thanks for the summary Rachael! One big implication of the paper is that the link between research and policy cannot be taken as given, and needs to be rigorously studied -- this is what I do in my current and future work. Read more here: www.michellerao.com/research #EconJMP #EconSky 36610
Reposted by Patrick Schneiderfabolange.bsky.social @fabolange.bsky.social · 11/12/2024McGill is late to the market, but we finally can post our position. We are looking across all fields. McGill econ is a fun department with an active, lively group of colleagues. Apply (or repost).can01.safelinks.protection.outlook.comEJM - Econ Job Market 25414
Reposted by Patrick SchneiderOwen Zidar @omzidar.bsky.social · 05/12/2024Pretty striking findings! www.parisschoolofeconomics.eu/app/uploads/... 17345115
Patrick Schneider @patricksecon.bsky.social · 14/11/2024Here’s my job market paper ‘Household Liquidity Policy’, joint with Patrick Moran at the FRB 0124