Ernil Sabaj

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Ernil Sabaj

Ernil Sabaj

@ErnilSabaj

Economist/Assistant Professor (T-Focussed) @warwickecon, Econ PhD @UofEBusiness, Former Economist @FinancaAl. Views my own, RT ≠ E.

UK, Albania Beigetreten Nisan 2010
1.5K Folgt320 Follower
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Ernil Sabaj
Ernil Sabaj@ErnilSabaj·
@rashidsbia and @HaytemTroug Does it matter where and how governments spend? at Economics Letters. sciencedirect.com/science/articl… • Government consumption multipliers are higher than government investment multipliers. • These results differ in terms of variation sectorally.
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Gita Gopinath
Gita Gopinath@GitaGopinath·
If there wasn't the war, things we would be talking about more: Kraken getting a Federal Reserve master account. The first crypto firm to get one.
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Ernil Sabaj
Ernil Sabaj@ErnilSabaj·
We are not in the business of writing poetry. We are trying to resolve unanswered questions, accumulate knowledge, explain mysteries our understanding of the universe— then what, exactly, is the problem? The substance is what matters, not the tool used to polish the prose.
Gauti Eggertsson 🇺🇦@GautiEggertsson

I'm constantly surprised by the paranoia of a certain segment of the academic community when it comes to AI and LLMs being used to write text. I understand the fear of evil AI overlords turning earth into the Matrix and us into batteries — that's a separate conversation. But the hyperventilation about AI being used to communicate scientific ideas is puzzling to me. We are not in the business of writing poetry. We are trying to resolve unanswered questions, accumulate knowledge, explain mysteries that remain unexplained, cure cancer. If a researcher finds that an LLM helps them communicate their results more efficiently — results that deepen our understanding of the universe in any field — then what, exactly, is the problem? The substance is what matters, not the tool used to polish the prose. I am still narcissistic enough to prefer my own text to what an LLM produces. But I have no philosophical objection to using one, and I don't see why anyone else should either. One serious concern is pedagogy. Writing is a thinking tool. Struggling to put an idea into words forces you to sharpen the idea itself. If students outsource that process entirely, they may not learn the cognitive discipline we are trying to teach. But this is hardly a new problem, nor hard to solve. We have known the solution for thousands of years: An exam. Paper and pen in a controlled environment. Oral examination. Socratic dialogue. What is surely a losing battle is policing students with unreliable commercial "detection tools," creating an atmosphere of suspicion and paranoia, and pretending we can preserve a pre-AI world. It's lazy. There is no going back. AI will only get better, and our students' success later in life may largely depend on their ability to use it. The question is not whether they will use it, but if we adapt our teaching to ensure genuine learning — both in the traditional sense and in mastering this new power.

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Jon Steinsson
Jon Steinsson@JonSteinsson·
Research involves two steps: 1) doing things, and 2) figuring out what to do. (Usually in the reverse order.) AI will certainly be quite helpful for the 'doing' part. But that leaves the -- arguably harder -- 'figuring out what to do' part.
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Saki Bigio
Saki Bigio@SakiBigio·
A while ago, I wrote a note to explain the connection between the dominant currency and the current account/trade deficits. There's been a debate these days on this point between @GitaGopinath with some opinions by @dandolfa and @farmerrf. Sharing: dropbox.com/scl/fi/k03dnmm…
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Gauti Eggertsson 🇺🇦
Gauti Eggertsson 🇺🇦@GautiEggertsson·
A lot of colleagues writing about AI and research. It’s all about: What happens to journal submissions! Will papers in their current form disappear! What’s will be the value of a top-5! I find these questions incredibly boring. 🧵1/3
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Matthew E. Kahn
Matthew E. Kahn@mattkahn1966·
.@AnthropicAI has released a 3 page memo explaining how economists add value to this rising firm. I have incorporated what I learned from this memo into my paper; "Will AI Improve Undergraduate Economics Education?" drive.google.com/file/d/1VYbNd_…
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Gauti Eggertsson 🇺🇦
Gauti Eggertsson 🇺🇦@GautiEggertsson·
I don’t get the concern: You tell Claude to write about some unspecified estimation on some unspecified dataset and it does that. So what? It’s interesting if there is an interesting idea that lets us understand the world — then great, let AI write more papers and our learning curve steepens. I see no indication of that in this example. Did the paper teach us anything? The author says he did not read it? Must be more specific to be interesting. We can run 1 million regressions and automate them. But will AI produce regressions that answer meaningful questions? If we could automate knowledge creation, cure disease, tame recessions, prevent the climate crisis, send people to Mars — GREAT! This strikes me as asking Claude a question and the answer is like in The Hitchhiker’s Guide to the Galaxy: 42!
Ben Moll@ben_moll

Every journal editor should read this: causalinf.substack.com/p/claude-code-…

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Amedeo Andriollo
Amedeo Andriollo@amedandr·
Extremely honoured to receive the Carlo Giannini Prize (@SIdE_IEA+ @bancaditalia) for the best paper by a young researcher in Macroeconometrics/Financial Econometrics at ICEEE (ICE^3) 2025 !!
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Olivier Blanchard
Olivier Blanchard@ojblanchard1·
A personal assessment of the evolution of macroeconomic research over the last 40 years (informed by the opinions of many of the main researchers in the field). shorturl.at/V7vkJ Conclusion: Strong convergence, mostly for the better. Not everything is perfect but, then, nothing ever is. I even venture (and I can already see the scathing comments; please refrain if you are in insulting mode) that macroeconomics has become a mature science.
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Ernil Sabaj
Ernil Sabaj@ErnilSabaj·
How do sectoral elasticities affect the transmission of monetary shocks? Take a look at the SUERF brief below to find out more. The full paper can be found here: emerald.com/insight/conten…
SUERF - The European Money and Finance Forum@suerf_org

#SUERFpolicybrief “ How do Sectoral Elasticities Affect the Transmission of #MonetaryShocks?" by @ErnilSabaj (University of Warwick) #manufacturing #labormobility #monetarypolicy 📄tinyurl.com/3zubnnzw

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Omer Moav
Omer Moav@Omer_Moav·
Do we have inclusive institutions in the field of economic research? I recently shared my thoughts following the announcement on the “Committee on Improvements to the Publications Process in Economics,” focusing on the discriminatory nature of the editorial process. 🧵
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Ernil Sabaj
Ernil Sabaj@ErnilSabaj·
@Nerdrotics You still at watching that? I gave up half first season.
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Ryan Reynolds
Ryan Reynolds@VancityReynolds·
There is no Fox Marvel Universe or MCU without Blade first creating a market. He’s Marvel Daddy. Please retweet for a Logan-like send off. #DeadpoolAndWolverine
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Klodiana Istrefi
Klodiana Istrefi@KlodianaIstrefi·
The EA-CED is online 🎊 The Euro Area Communication Event-Study Database contains intraday changes in financial assets around 304 ECB GC policy announcements & 4,400 intermeeting events (i.e., speeches, interviews of GC members).  sites.google.com/site/istrefikl… ow.ly/NYio50SC7yi
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