Christian Bustamante

31 posts

Christian Bustamante

Christian Bustamante

@cdbusta

Economista. Working on heterogeneous agent macro, firm dynamics, and monetary policy. Views are my own

Ottawa, Ontario Katılım Kasım 2011
362 Takip Edilen157 Takipçiler
Daniela Vidart
Daniela Vidart@daniela_vidart·
🌱Really happy to see this paper published in EEH 👉authors.elsevier.com/a/1miWX3I%7Eda… I study how electrification shaped the 1900-1940 US fertility decline by disentangling two opposing channels: time-saving appliances and rising female wages. Punchline: the overall effects are modest!
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Sergio Ocampo Díaz
Sergio Ocampo Díaz@socampdi·
Bringing back this thread now that our paper is out in Computational Economics 🎉🎊 It was great working on this @Baxter_VHR Check out the published version 🔗doi.org/10.1007/s10614…
Sergio Ocampo Díaz@socampdi

🚨New Paper🚨 Computing Longitudinal Moments for Het. Agent Models w/@Baxter_VHR 🔗ir.lib.uwo.ca/economicsresrp… 🔹Computing moments with large MonteCarlo simulations is costly 🔹Alternative: Use model's distribution and its evolution 🔹Follow population instead of individuals 🧵👇

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Daniela Vidart
Daniela Vidart@daniela_vidart·
Super happy that our paper “Human Capital Investment and Development: The Role of On-the-Job Training” is now forthcoming at JPE Macro! Huge thanks to my coauthors, @xiaomaucsd and @AlejandroNakab, and to @JoeVavra and referees for a smooth and productive editorial process!
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Christian Bustamante
Christian Bustamante@cdbusta·
Very happy to see this paper out in the JME! The Long-Run Redistributive Effects of Monetary Policy You can check it out here 👉 doi.org/10.1016/j.jmon… Short thread 🧶 about the paper below. 1/5
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Luis E. Rojas
Luis E. Rojas@luiserojasd·
@cdbusta Christian felicitaciones. Very interesting the heterogenous costs of inflation along the wealth distribution. I'll put it in my reading list and hopefully talk soon!
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Daniela Vidart
Daniela Vidart@daniela_vidart·
@cdbusta Mi amigo es un duro!!!!! Congrats, Christian!!!!
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Ángelo Gutiérrez-Daza
Ángelo Gutiérrez-Daza@agutieda·
@cdbusta Enhorabuena, profe Christiano! Pero no veo rigideces nominales ni una regla de Taylor por ningún lado. Qué brujería es esta?
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Christian Bustamante
Christian Bustamante@cdbusta·
Lower levels of trend inflation are welfare-improving. Wealth is distributed more evenly as nominal assets lose their value less rapidly. Thus, the welfare cost of inflation rises alongside the dispersion in agents’ wealth. 5/5
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Christian Bustamante
Christian Bustamante@cdbusta·
Higher levels of wealth inequality increase the macro incidence of inefficiencies in decentralized trading. 4/5
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