pablo derasmo
367 posts

pablo derasmo
@PabloDerasmo
These are my personal views only. RTs and likes are not endorsements






In settings with high informality, the gains from trade are significantly amplified by reductions in misallocation. During economic downturns, the informal sector acts as a buffer against unemployment but leads to larger aggregate real-income losses. econometricsociety.org/publications/e…




The November issue of JPE is now available at journals.uchicago.edu/toc/jpe/2025/1…. This issue features an In Memoriam to Robert E. Lucas Jr.--a tribute to his lasting impact on economics and as JPE editor. Contributors include T. Sargent, F. Alvarez, B. Jovanovic, and N. Stokey. #econtwitter






Recently accepted to #REStud, "Bewley Banks," from Jamilov @RustamJamilov and Monacelli @monacelt: restud.com/bewley-banks/ #econtwitter

Finally, our paper that contributed to the development of the Integrated Policy Framework at the IMF is forthcoming in Econometrica. Many thanks to my fantastic co-authors Suman, Emine, Francisco, and Filiz. Here is the final version: dropbox.com/scl/fi/3ceck83…








The idea behind the so-called Mar a Lago Accord was to make the dollar less attractive. No need for an accord anymore. The markets are doing it all on their own. (Yes, with a more likely recession, higher interest rates, and a higher likelihood of a fiscal crisis, but, hey, nothing is perfect…).





