

Basile Grassi
2.1K posts

@Basile_G
Assistant Professor, Department of Economics @Unibocconi, @IGIER, Research Fellow @cepr_org, Associated Researcher @ofceparis. #macroeconomics #IO #network




🚀 The Global Repository of Income Dynamics Project is hiring support for leading economists Fatih Guvenen (@UofT),@PistaferriLuigi and @glviolante (@PrincetonEcon). 🌍Be part of a project shaping how the world understands income trends and inequality! bit.ly/47ImRJ3

How much sugar is in Fanta in your country?





I am very happy that my survey paper, "Deep Learning for Solving Economic Models," is forthcoming in the Journal of Economic Literature (pending final replication checks, which should be quick). The paper benefited greatly from the editor, David Romer, five referees, and many friends who read earlier versions. I believe the result is a solid introduction to the field, though in 48 pages, there is only so much one can do. So, I created a companion webpage: sas.upenn.edu/%7Ejesusfv/dee… where you can find the paper, the code, and some slide decks with my teaching material. My plan is to expand the slides over time, adding new material and updating them as new results appear. I will probably do a thorough revision once the spring semester is over. Those who follow my feed know that I think deep learning is the most fundamental change to computational economics in the last 40 years. I am by now convinced it is more important than the development of Markov chain Monte Carlo methods in the early 1990s or the introduction of projection and perturbation methods in the 1980s. To find a comparable shift, one would probably need to go back to Richard Bellman's invention of value function iteration in 1957. More pointedly, we need to redesign the Ph.D. in economics. Not at the margin. From the ground up. Economists can either fully embrace the deep learning revolution or become irrelevant, as has already happened, I would dare say, to some fields in academia that refused to accept reality. Finally, let me apologize to everyone working in this area whom I could not cite. Space was a binding constraint. And yes, this post was written with the considerable help of AI. There is nothing I am prouder of than the fact that AI is now an integral part of every step I take in my professional life.



Liberalize and even if you elect idiots don't let them do too much damage. Both are hard. The first requires wisdom, the second - a mix of luck and decent institutions, in our case following EU And say what you want about the EU, it's decent and alternatives are much worse

A generation ago, Poland rationed sugar and flour while its citizens were paid one-tenth what West Germans earned. Today its economy has edged past Switzerland to become the world’s 20th largest with over $1 trillion in annual output. nbcnews.com/business/econo…





In an attempt to explain just why it is that some 77 million Americans voted for the dumbest man alive to be their president for a second time, I’m absolutely delighted to present you with the expanded list of US food that you cannot legally sell in Europe!🧵

Hélène Rey, Professor of Economics at @LBS, is appointed as Economic Adviser and Head of the Monetary and Economic Department, replacing Hyun Song Shin, from 1 September 2026 bit.ly/4skt7zc

Swiss Federal Council adopts draft law to deepen ties with EU reut.rs/4sJpNNN reut.rs/4sJpNNN

CfP - deadline March 15; @BIS_org @cepr_org @CebraOrg @UniBasel_en conference seeks papers on inflation heterogeneity - consumers, firms, and shocks - and the implications for aggregate inflation and policy: bis.org/events/260526_…