Marco Bellifemine
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mbellif.bsky.social
Marco Bellifemine
@mbellif.bsky.social
77 followers 200 following 11 posts
PhD in Economics @LSE
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Marco Bellifemine @mbellif.bsky.social · Nov 26
🚨 Paper update 🚨

𝗧𝗵𝗲 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗞𝗲𝘆𝗻𝗲𝘀𝗶𝗮𝗻 𝗖𝗿𝗼𝘀𝘀 - with
@adriencouturier.bsky.social & @rustamjamilov.bsky.social

Does regional heterogeneity matter for monetary policy? We provide a theoretical, empirical & quantitative investigation.

Link: dropbox.com/scl/fi/injql...

Thread🧵

1/11

#EconSky
Reposted by Marco Bellifemine
martamorando.bsky.social
Want to read a great JMP in macroeconomics?

Check out Adrien's JMP (@adriencouturier.bsky.social), coauthored with Marco (@mbellif.bsky.social).

They uncover a new channel through which fiscal policy shapes the economy: firms' sentiment.

More amazing work here: adriencouturier.com
November 14, 2025 at 10:48 AM
Reposted by Marco Bellifemine
weisenthal.bsky.social
NEW EPISODE:

We speak to the legend Emi Nakamura about her paper at Jackson Hole about why and when central banks can deviate from Taylor Rule orthodoxy and still achieve good inflation outcomes.

podcasts.apple.com/us/podcast/e...
Emi Nakamura on Central Bank Credibility and the Taylor Rule
Podcast Episode · Odd Lots · 08/29/2025 · 36m
podcasts.apple.com
August 29, 2025 at 1:28 PM
Reposted by Marco Bellifemine
aeajournals.bsky.social
Forthcoming in the AER: "Downward Rigidity in the Wage for New Hires" by Jonathon Hazell and Bledi Taska. www.aeaweb.org/articles?id=...
Downward Rigidity in the Wage for New Hires
(Forthcoming Article) - Wage rigidity is an important explanation for unemployment fluctuations. In benchmark models wages for new hires are key, but there is limited evidence on this margin. We use w...
www.aeaweb.org
August 8, 2025 at 3:11 PM
Reposted by Marco Bellifemine
nicognocato.bsky.social
Want to avoid ripple effects on inflation and GDP from tariffs (and retaliation)? Exempt intermediate inputs.

Check out our Working Paper (joint with C. Montes-Galdon and G. Stamato)! 🧵1/6
www.ecb.europa.eu
July 30, 2025 at 5:42 AM
Reposted by Marco Bellifemine
ryanlcooper.com
"two first-rate economists, David Cutler and Ed Glaeser, have made a stab at estimating the impact of cuts at NIH. Their analysis suggests that these cuts might save $500 billion in federal spending over the next 25 years — while imposing more than $8 trillion in losses."
For MAGA, Ignorance is Strength
Research cuts aren’t about shrinking government, they’re about killing science
paulkrugman.substack.com
July 15, 2025 at 2:16 PM
Reposted by Marco Bellifemine
jintlecon.bsky.social
New at JIE: "Monetary Unions with Heterogeneous Fiscal Space", by Marco Bellifemine (@mbellif.bsky.social), Adrien Couturier (@adriencouturier.bsky.social), Rustam Jamilov (@rustamjamilov.bsky.social)
June 2, 2025 at 6:31 PM
Reposted by Marco Bellifemine
dynarski.bsky.social
New Harvard alum group formed to fight back and form alliances with other unis

See link about an online organizing event this week

www.crimsoncourage.com
Crimson Courage
Crimson Courage is a growing community of Harvard alumni from all schools and decades united in standing up for academic freedom at Harvard and beyond.
www.crimsoncourage.com
May 26, 2025 at 3:33 AM
Reposted by Marco Bellifemine
filipecampante.bsky.social
If at this point you’re still saying that this is remotely related to antisemitism or viewpoint diversity, you are part of the problem.
ericcolumbus.bsky.social Eric Columbus @ericcolumbus.bsky.social · May 6
🚨🚨 Deranged letter from Education Secretary Linda McMahon to Harvard’s president, cutting off federal funding for any new grants.

Worth reading in full. It is NUTS.
THE SECRETARY OF EDUCATION WASHINGTON, DC 20202 May 5, 2025 Dr. Alan Garber Office of the President Harvard University Massachusetts Hall Cambridge, MA 02138 Dr. Garber, The Federal Government has a sacred responsibility to be a wise and important steward of American taxpayer dollars. Harvard University, despite amassing a largely tax-free $53.2 billion dollar endowment (larger than the GDP of 100 countries), receives billions of dollars of taxpayer largess each year. Receiving such taxpayer funds is a privilege, not a right. Yet instead of using these funds to advance the education of its students, Harvard is engaging in a systemic pattern of violating federal law. Where do many of these "students" come from, who are they, how do they get into Harvard, or even into our country—and why is there so much HATE? These are questions that must be answered, among many more, but the biggest question of all is, why will Harvard not give straightforward answers to the American public? Harvard University has made a mockery of this country's higher education system. It has invited foreign students, who engage in violent behavior and show contempt for the United States of America, to its campus. In every way, Harvard has failed to abide by its legal obligations, its ethical and fiduciary duties, its transparency responsibilities, and any semblance of academic rigor. It had scrapped standardized testing requirements and a normalized grading system. This year Harvard was forced to adopt an embarrassing "remedial math" program for undergraduates. Why is it, we ask, that Harvard has to teach simple and basic mathematics, when it is supposedly so hard to get into this "acclaimed university"? Who is getting in under such a low standard when others, with fabulous grades and a great understanding of the highest levels of mathematics, are being rejected? Harvard has even been embroiled in humiliating plagiarism scandals, exposed clearly and plainly in the media, with respect to your then… running the institution in a totally chaotic way. Harvard alumnus and highly successful hedge fund manager Bill Ackman noted that, under her leadership, Harvard has become "a political advocacy organization for one party." Ackman has called for the resignation of Pritzker, concluding that the "[t)he mismanagement here is Penny Pritzker" and noting that any serious corporation would have removed her after a litany of recent failings and the fact that, incredibly, "Harvard is not in a good financial position." According to Ackman, one of the world's foremost finance experts, Harvard's so-called S53 billion endowment is "massively overstated as far as what it's really worth," and Harvard has irresponsibly taken out $8 billion in debt. If this is true, it is concerning evidence of Harvard's disastrous mismanagement, indicating an urgent need for massive reform-not continued taxpayer investment. If Harvard prefers not to change, then Harvard should have no problem using its overflowing endowment to fund its bloated bureaucracy. At its best, a university should fulfill the highest ideals of our Nation, and enlighten the thousands of hopeful students who walk through its magnificent gates. But Harvard has betrayed this ideal. Perhaps most alarmingly, Harvard has failed to abide by the United States Supreme Court's ruling demanding that it end its racial preferencing, and continues to engage in ugly racism in its undergraduate and graduate schools, and even within the Harvard Law Review itself. Our universities should be bastions of merit that reward and celebrate excellence and achievement. They should not be incubators of discrimination that encourage resentment and instill grievance and racism into our wonderful young Americans. The above concerns are only a fraction of the long list of Harvard's consistent violations of its own legal duties. Given these and other concerning allegations, this letter is to inform you that Harvard should no longer seek GRANTS from the fede… Federal Agencies. The Administration's priorities have not changed and today's letter marks the end of new grants for the University. These requests will advance the best interests of Harvard University, so it can reclaim its status as a respected educational institution for the future leaders of America. Thank you for your attention to this matter! Sincerely, Linda E. McMahon Secretary of Education
May 6, 2025 at 2:25 AM
Reposted by Marco Bellifemine
rustamjamilov.bsky.social
The much improved draft of "The Regional Keynesian Cross" with @mbellif.bsky.social and @adriencouturier.bsky.social is now available online.

Link: users.ox.ac.uk/~econ0628/Re...
March 12, 2025 at 5:13 PM
Reposted by Marco Bellifemine
nicognocato.bsky.social
Overjoyed to see my article in press at the Journal of Monetary Economics! 🎉
Here’s the paper: doi.org/10.1016/j.jm...
And here’s a summary thread from the earlier (working paper) version:
bsky.app/profile/nico...
A few additional thoughts and some thanks 1/5
nicognocato.bsky.social Nicolò Gnocato 🇺🇦🇪🇺 @nicognocato.bsky.social · Mar 18
📣 My work “Energy Price Shocks, Unemployment, and Monetary Policy“ is now out as a Bank of Italy Working Paper! Time for a 🧵(link below)

Key question: have central banks been too aggressive or too accommodative towards (core) inflation amidst the recent energy shock?

1/9
January 13, 2025 at 5:13 PM
Reposted by Marco Bellifemine
jadhazell.bsky.social
🚨 New paper🚨

Liquidity crises have become common in the non-bank financial sector. One reason is LASH risk.

With awesome coauthors Laura Alfaro, Saleem Bahaj, Robert Czech and Ioana Neamtu

#econsky

(1/11)
December 16, 2024 at 11:56 AM
Reposted by Marco Bellifemine
mdoepke.bsky.social
Last call for the "Macro at LSE" predoc opportunity - apply THIS WEEK if you would like to work in London on cutting-edge macro with Ben Moll, Joe Hazell, Ethan Ilzetzki, Ricardo Reis, and me!

t.co/cBdznWii1Y

@econ_ra #EconSky @benmoll.bsky.social
December 10, 2024 at 4:10 PM
Reposted by Marco Bellifemine
ymschindler.bsky.social
New here and happy to share my job market paper!
"Bad Bank, Bad Luck? Evidence from 1 Million Firm-Bank Relationships"

We build a large novel dataset on US firm-bank relationships to ask the question “How do bank failures affect small business survival and employment?”

A🧵summarizing our findings:
December 6, 2024 at 11:09 AM
Reposted by Marco Bellifemine
benmoll.bsky.social
New paper: benjaminmoll.com/challenge/
November 29, 2024 at 5:59 PM
Reposted by Marco Bellifemine
leitemariante.bsky.social
🚨 Excited to share my job market paper!

“Cash transfers and women’s labour supply: evidence from the world’s largest programme” (drive.google.com/file/d/1ksDE...)

It has been awarded the EEA/Unicredit Foundation’s Best JMP Award.

A thread summarising my findings 👇: (1/13)
November 29, 2024 at 4:17 PM
mbellif.bsky.social
🚨 Paper update 🚨

𝗧𝗵𝗲 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗞𝗲𝘆𝗻𝗲𝘀𝗶𝗮𝗻 𝗖𝗿𝗼𝘀𝘀 - with
@adriencouturier.bsky.social & @rustamjamilov.bsky.social

Does regional heterogeneity matter for monetary policy? We provide a theoretical, empirical & quantitative investigation.

Link: dropbox.com/scl/fi/injql...

Thread🧵

1/11

#EconSky
November 26, 2024 at 8:41 PM