Felipe Schwartzman
macroinpieces.bsky.social
Felipe Schwartzman
@macroinpieces.bsky.social

trying to figure out what makes the macroeconomy tick, from the bottom up.

Views are own, not from Federal Reserve Board or Federal Reserve of Richmond.

https://t.co/LWxBHWkxKJ

Economics 91%
Business 3%

I am not sure I buy this just because of the sheer volume of US output. But per band or person, yeah, the UK punches way above its weight

My advisor taught me one should always make sure you make an even number of mistakes

Nelson Cavaquinho has written the most heart wrenching songs about unrequited love in Brazilian samba. He also has this absolute gem, about a person who changed his life and “organized a party” in him.

youtu.be/l8ruKVlpyqA?...
"Minha festa", por Nelson Cavaquinho
YouTube video by TV Cultura
youtu.be

You mean you didn’t play happy birthday?

Always happy to find out that people estimate components with principles

It sure is

Doing macro(economic) data refinement

I think there is a decent chance that the rise of professional classes complementary to analytical machines has peaked.

Fair. I guess the other way of putting it is how many humans!

Well but there is no such thing as zero human mistakes either.

But one outcome may be that you only need a small number of humans for the really high stake decisions

The Boeing example underlines also that an important part of the alignment problem is not about trusting the AI, but the corporation or entity that controls it

Problem is, if it becomes sufficiently cheaper to trust the machine and their errors sufficiently rare, many people may take the trade off. The big question for me is when you get to that point.

Totally agree. A Boeing can probably fly without a pilot, but would you trust it if you don’t have an expert inside who has their life at risk as much as you do if things go bad?

If you are in SF for the ASSA meetings, Come tomorrow at 10:15 PST for the ISIR session in heterogeneity and aggregate dynamics, organized by Andres Blanco and Sergio Salgado!

Happy to see this in print!

Reposted by Felipe Schwartzman

Forthcoming in AEJ: Macroeconomics: "The Consumption Origins of Business Cycles: Lessons from Sectoral Dynamics" by Christian Matthes and Felipe Schwartzman. www.aeaweb.org/articles?id=...
The Consumption Origins of Business Cycles: Lessons from Sectoral Dynamics
(Forthcoming Article) - We measure the impact of household consumption shocks on aggregate fluctuations. These shocks affect household consumption directly, and production and prices indirectly throug...
www.aeaweb.org

Thanks for organizing this. Please add me to the list

Very nice. Really erm thoughtful post! :-)

My sister has written about it (and gets a section in the paper :-) )

Gun and Rose
Depluralize a band

Bon Jovus
Depluralize a band

The Violent Femme

Reposted by Felipe Schwartzman

Depluralize a band

Bon Jovus
Depluralize a band

The Violent Femme
De-pluralize a band

Traveling Wilbury

I finally made the move. Last week in X was hell. Happy to go back to sane interactions around here!