Johanna Torres Chain

mnmacro.github.io/registration/ Less than 3 weeks left to register for the 2026 MN Macro Workshop!! Space is limited and spots are filling fast. Secure yours before the July 7 deadline. You won't want to miss this one. #economist #MacroEconomics

Here is the conference program mnmacro.github.io/program/

Just updated **panelView** in R: it now visualizes multi-way fixed-effect structures as a network graph, building on earlier work by Sergio Correia. You can easily identify singletons and duplicate observations before estimation. yiqingxu.org/packages/panel…

RA is not a code monkey. RA is an apprentice and you should feel responsible for their intellectual growth. I was lucky to work as an RA for those who treated me properly.

In new paper, Margherita Borella, @M_De_Nardi, Fang Yang, and @johanatch use a life-cycle model with family structure, labor supply responses, and late-life risks to show bequest motives and medical expense risk are important drivers of aggregate wealth bit.ly/4anebZ5

Why did U.S. Consumer Sentiment Index fall as unemployment and inflation returned to normal 2023-24? @UMN_Econ JMC Leonardo Barreto @Leo_BarretoV builds calibrated dynamic general equilibrium model with rich consumer heterogeneity to answer the question. leonardo-barreto.com

Should IMF limit foreign borrowing by governments of developing nations? @UMN_Econ JMC Juliana Gamboa-Arbelaez @julipuligamboa argues any such restrictions need to depend on conditions in the country and how the government spends borrowed funds. sites.google.com/view/juliana-g…

I have a truly fantastic Econ PhD job market candidate on the market this year: Francisco Bullano is a macroeconomist whose research bridges public economics and health. His Web page: franciscobullano.com Please look at his job market package very closely.

Why households save and work: The role of risks, bequest motives, and family dynamics Margherita Borella @unito, @M_De_Nardi @UMNews @MinneapolisFed, Fang Yang @DallasFed, Johanna Torres Chain @UMNews ow.ly/15j650WWBwP

Great piece on a very interesting paper 👇

This new working paper argues that female economics PhD students benefit tremendously from having female economics faculty around. How do they back up this claim? They look at the timing of sabbatical leaves. When female professors go on leave, it decreases third-year female Ph.D. students’ likelihood of publishing papers and securing academic positions. Male Ph.D. students in the same cohort benefit from this absence, seeing an increase in their publishing and placement prospects. Their estimates imply that "one additional female senior professor in each top-50 economics department would close one-third of the gender gap in representation among assistant professors at top-25 schools."

Difference-in-differences for practitioners from the diff-in-diffs dream team!

Exploring why households work and save. Bequest motives and risks in wages, medical expenses, and marital dynamics explain 56.9 percent of aggregate wealth and 2.7 percent of aggregate earnings, from @marghe__borella, @M_De_Nardi, Fang Yang, and @johanatch nber.org/papers/w33874

New CEPR Discussion Paper - DP20323 Why Do Households Save and Work? Margherita Borella @unito, @M_De_Nardi @UMNews, Fang Yang @DallasFed, Johanna Torres Chain @UMNews ow.ly/rAfv50W3Vfa #CEPR_LE #CEPR_MG #CEPR_PE #EconTwitter

HCEO members @M_De_Nardi and @Fang_Yang_Econ and colleagues estimate how much life factors -- health, marital status, wages, mortality, retirement, and bequest motives -- influence how much people work and save. nber.org/papers/w33874

Quisiera que volviéramos a esperar en que la #paz es posible. Que desde el Santo Sepulcro, donde este año la #Pascua será celebrada el mismo día por los católicos y los ortodoxos, se irradie la luz de la paz sobre toda Tierra Santa y sobre el mundo entero.

Dime qué estás orgulloso del país dónde naciste, sin decirme que estás orgulloso:

Our findings: 1. There is substantial health inequality by race, ethnicity, and gender. At age 55, Black men and women have frailty levels, which could be viewed as "biological age," comparable to those of White men and women 13 and 20 years older, respectively. 1/4

1. This holiday season, have you really thought about how online retail has transformed shopping? It's wild! I can get all my gifts from the comfort of home. But e-commerce giants like Amazon have changed our communities too. Are we better off?

IT'S BACK!!!! Godspeed, fellow researchers.