Alessandro Di Nola
@aledinola.bsky.social
Assistant Professor at University of Birmingham, PhD in economics at Bocconi University, Inter. https://sites.google.com/site/alessandrodinolaphd/home
This is a great resource for PhD students who wish to learn how to solve and estimate (with GMM/SMM) structural life-cycle models: github.com/vfitoolkit/I...
From simple one-asset models to richer settings with portfolio choice, housing, dual-earner couples, etc.
From simple one-asset models to richer settings with portfolio choice, housing, dual-earner couples, etc.
GitHub - vfitoolkit/IntroToLifeCycleModels: Gradually build up a life-cycle model
Gradually build up a life-cycle model. Contribute to vfitoolkit/IntroToLifeCycleModels development by creating an account on GitHub.
github.com
June 26, 2025 at 12:19 PM
This is a great resource for PhD students who wish to learn how to solve and estimate (with GMM/SMM) structural life-cycle models: github.com/vfitoolkit/I...
From simple one-asset models to richer settings with portfolio choice, housing, dual-earner couples, etc.
From simple one-asset models to richer settings with portfolio choice, housing, dual-earner couples, etc.
Reposted by Alessandro Di Nola
“.. The Yale Budget Lab have updated their simulations using the 30% tariff on China, .. Bottom line: Still a significant stagflation shock to the US economy.”
- Apollo
budgetlab.yale.edu/research/sta...
- Apollo
budgetlab.yale.edu/research/sta...
May 12, 2025 at 6:42 PM
“.. The Yale Budget Lab have updated their simulations using the 30% tariff on China, .. Bottom line: Still a significant stagflation shock to the US economy.”
- Apollo
budgetlab.yale.edu/research/sta...
- Apollo
budgetlab.yale.edu/research/sta...
Reposted by Alessandro Di Nola
Q: "I do wonder what you think might make some of these tariffs worth it? In other words what your guideposts are for justifying the trade war that this White House has launched."
My answer: "Let's not tie ourselves up in knots trying to make sense of something that we can't make sense of."
My answer: "Let's not tie ourselves up in knots trying to make sense of something that we can't make sense of."
May 12, 2025 at 6:32 PM
Q: "I do wonder what you think might make some of these tariffs worth it? In other words what your guideposts are for justifying the trade war that this White House has launched."
My answer: "Let's not tie ourselves up in knots trying to make sense of something that we can't make sense of."
My answer: "Let's not tie ourselves up in knots trying to make sense of something that we can't make sense of."
Reposted by Alessandro Di Nola
NEW: @goolsbee.bsky.social tells @nytimes.com that despite the reprieve with China, tariffs are likely to still raise prices and lower growth. He's in wait-and-see mode and the bar to cut is high
"The way that we’re doing this is not free for the economy"
www.nytimes.com/2025/05/12/b...
"The way that we’re doing this is not free for the economy"
www.nytimes.com/2025/05/12/b...
Fed Official Still Bracing for Economic Shock Despite China Tariff Pause
www.nytimes.com
May 12, 2025 at 6:34 PM
NEW: @goolsbee.bsky.social tells @nytimes.com that despite the reprieve with China, tariffs are likely to still raise prices and lower growth. He's in wait-and-see mode and the bar to cut is high
"The way that we’re doing this is not free for the economy"
www.nytimes.com/2025/05/12/b...
"The way that we’re doing this is not free for the economy"
www.nytimes.com/2025/05/12/b...
Very interesting! Cc @leokaas.bsky.social @haominwang.bsky.social
🚨 New #Publication: We tracked how policy and parenthood reshaped gender inequality in Germany from the 1960s to today. In early decades, only 14% of the gender gap was due to kids—now it's 64%.
How did children become the biggest factor? Thread🧵
🧑🤝🧑 with Hansen, @dominiksachs.bsky.social & Lüthen
How did children become the biggest factor? Thread🧵
🧑🤝🧑 with Hansen, @dominiksachs.bsky.social & Lüthen
April 10, 2025 at 7:34 PM
Very interesting! Cc @leokaas.bsky.social @haominwang.bsky.social
Reposted by Alessandro Di Nola
I don't see how 104% tariffs on China will help Americans, and I see lots of ways they'll hurt.
Let's explore iPhone economics.
Let's explore iPhone economics.
April 8, 2025 at 9:36 PM
I don't see how 104% tariffs on China will help Americans, and I see lots of ways they'll hurt.
Let's explore iPhone economics.
Let's explore iPhone economics.
Reposted by Alessandro Di Nola
Last week I pointed out that most economists think President Trump's ideas about tariffs are wacko. I also pointed out financial markets would soon express their views. Today all three major U.S. stock indices set new 52-week lows. I predict lower lows coming soon.
Economists think that President Trump's ideas about tariffs are wacko. Today we have a chance to see what financial markets around the world think.
www.yahoo.com/news/trump-a...
www.yahoo.com/news/trump-a...
Trump announces massive new 'Liberation Day' tariffs. Here's how they might affect you.
The president wants to rebalance America’s relationship with the rest of the world. Experts warn of price hikes and a possible recession.
www.yahoo.com
April 7, 2025 at 10:47 PM
Last week I pointed out that most economists think President Trump's ideas about tariffs are wacko. I also pointed out financial markets would soon express their views. Today all three major U.S. stock indices set new 52-week lows. I predict lower lows coming soon.
Reposted by Alessandro Di Nola
Submit your papers on search and matching (labor, housing, ...) and contribute to a great conference!
Submissions open for another 5 days👇
Submissions open for another 5 days👇
SaM 2025 at Vilnius University. Submit your papers!
sam2025.econ.lt/home
sam2025.econ.lt/home
SaM 2025 conference
Welcome to Vilnius!
The Search and Matching Network (SaM) is a European network of academic economists working on search and matching models, including models of labour market search, consumer search,...
sam2025.econ.lt
February 10, 2025 at 9:35 AM
Submit your papers on search and matching (labor, housing, ...) and contribute to a great conference!
Submissions open for another 5 days👇
Submissions open for another 5 days👇
Reposted by Alessandro Di Nola
It seems almost unavoidable at this point that we are headed for a deep, deep recession. Just based on 200K+ federal firings & pullback of contracts, the March employment report (to be released April 4) seems certain to show bigger job losses than any month ever outside of a few in 2008-9 and 2020.
February 19, 2025 at 1:37 AM
It seems almost unavoidable at this point that we are headed for a deep, deep recession. Just based on 200K+ federal firings & pullback of contracts, the March employment report (to be released April 4) seems certain to show bigger job losses than any month ever outside of a few in 2008-9 and 2020.
Can entrepreneurial tax avoidance undermine the effectiveness of taxing the rich?
We answer this question in the paper "Taxation of top incomes and tax avoidance," just accepted by the IER. @aledinola.bsky.social @georgikocharkov.bsky.social @unikonstanz.bsky.social Read here: shorturl.at/fEzBS
We answer this question in the paper "Taxation of top incomes and tax avoidance," just accepted by the IER. @aledinola.bsky.social @georgikocharkov.bsky.social @unikonstanz.bsky.social Read here: shorturl.at/fEzBS
January 8, 2025 at 11:49 PM
Reposted by Alessandro Di Nola
It's a MAGA eat MAGA world, and Musk is the president open.substack.com/pub/paulkrug...
MAGA Is Already Eating Its Own. Pass the Popcorn
Dear Laura Loomer: You weren't in on the con. You were one of the marks.
open.substack.com
December 29, 2024 at 12:45 PM
It's a MAGA eat MAGA world, and Musk is the president open.substack.com/pub/paulkrug...
Reposted by Alessandro Di Nola
I explain my increased enthusiasm for monetary policy rules in my latest WSJ. Not putting policy on autopilot but instead using them as a rebuttable presumption. Specifically would do three things:
December 26, 2024 at 4:14 PM
I explain my increased enthusiasm for monetary policy rules in my latest WSJ. Not putting policy on autopilot but instead using them as a rebuttable presumption. Specifically would do three things:
Reposted by Alessandro Di Nola
And the new era begins. My Substack is alive again, and here's my first post paulkrugman.substack.com/p/the-fraudu...
The Fraudulence of “Waste, Fraud and Abuse”
History repeats itself, the first time as farce, the second as clown show
paulkrugman.substack.com
December 11, 2024 at 11:41 AM
And the new era begins. My Substack is alive again, and here's my first post paulkrugman.substack.com/p/the-fraudu...
👇
November 25, 2024 at 1:54 AM
👇
Reposted by Alessandro Di Nola
In today's Washington Post, I put numbers on the (modest) budget savings available from laying off federal workers.
Obviously govt shouldn't employ more workers than is necessary to get the job done, but the big savings still must come from the big programs.
www.washingtonpost.com/business/202...
Obviously govt shouldn't employ more workers than is necessary to get the job done, but the big savings still must come from the big programs.
www.washingtonpost.com/business/202...
November 21, 2024 at 4:24 PM
In today's Washington Post, I put numbers on the (modest) budget savings available from laying off federal workers.
Obviously govt shouldn't employ more workers than is necessary to get the job done, but the big savings still must come from the big programs.
www.washingtonpost.com/business/202...
Obviously govt shouldn't employ more workers than is necessary to get the job done, but the big savings still must come from the big programs.
www.washingtonpost.com/business/202...
Reposted by Alessandro Di Nola
< braddelong.substack.com/p/the-unmaki... > What happens when a global financial hub bets on the wrong policies at the wrong time? Britain's story since 2008 is one of lost potential, economic stagnation, and repeated grave self-inflicted wounds. And even those are not enough to account for... 1/
The Unmaking of a Modern Economy: Brexit, Austerity, and Britain's Great Retraction
Austerity's False Economy? Brexit's Blow? The Long Shadow of 2008? You need much more than those to account for Britain's pitiful economy since Nick Clegg decided to let the Tories govern the place...
braddelong.substack.com
November 23, 2024 at 9:40 PM
< braddelong.substack.com/p/the-unmaki... > What happens when a global financial hub bets on the wrong policies at the wrong time? Britain's story since 2008 is one of lost potential, economic stagnation, and repeated grave self-inflicted wounds. And even those are not enough to account for... 1/
Explore the VFI toolkit by trying out this example based on Cocco, Gomes & Maenhout (2005) - Consumption and Portfolio Choice over the Life Cycle [https://doi.org/10.1093/rfs/hhi017] github.com/robertdkirkb...
LifeCycleOLGReadingList/CoccoGomesMaenhout2005 at main · robertdkirkby/LifeCycleOLGReadingList
Contribute to robertdkirkby/LifeCycleOLGReadingList development by creating an account on GitHub.
github.com
November 24, 2024 at 12:33 AM
Explore the VFI toolkit by trying out this example based on Cocco, Gomes & Maenhout (2005) - Consumption and Portfolio Choice over the Life Cycle [https://doi.org/10.1093/rfs/hhi017] github.com/robertdkirkb...
Reposted by Alessandro Di Nola
Forthcoming in the AER: "Mortgage Pricing and Monetary Policy" by Matteo Benetton, Alessandro Gavazza, and Paolo Surico. www.aeaweb.org/articles?id=...
Mortgage Pricing and Monetary Policy
(Forthcoming Article) - This paper provides novel evidence on lenders' mortgage pricing and how central bank policies affected it. Using the universe of mortgages originated in the UK, we show that le...
www.aeaweb.org
November 21, 2024 at 4:48 PM
Forthcoming in the AER: "Mortgage Pricing and Monetary Policy" by Matteo Benetton, Alessandro Gavazza, and Paolo Surico. www.aeaweb.org/articles?id=...
Interested in estimation of life-cycle models based on simulated method of moments? Look at this new feature of VFI toolkit in Matlab discourse.vfitoolkit.com/t/gmm-estima... and at an example based on Gourinchas and Parker (2022) github.com/robertdkirkb...
GMM Estimation of Life-Cycle Models
Originally published at: GMM Estimation of Life-Cycle Models – VFI Toolkit GMM Estimation of Life-Cycle Models is done in Life-Cycle Models 45-50 in pdf: An Introduction to Life-Cycle Modelsand GM...
discourse.vfitoolkit.com
November 21, 2024 at 6:23 PM
Interested in estimation of life-cycle models based on simulated method of moments? Look at this new feature of VFI toolkit in Matlab discourse.vfitoolkit.com/t/gmm-estima... and at an example based on Gourinchas and Parker (2022) github.com/robertdkirkb...
Very interesting job market paper 👇
Cluster member Christina Brinkmann from the University of Bonn is on the #econjobmarket! Check out her #JMP "Do Firms Hedge Human Capital?" and find her thread on the paper below👇(1/9) #EconSky
November 21, 2024 at 6:19 PM
Very interesting job market paper 👇
Reposted by Alessandro Di Nola
On quits and layoffs 👇
www.minneapolisfed.org/article/2024...
www.minneapolisfed.org/article/2024...
Where is the U.S. labor market heading? Interpreting the mixed signals| Federal Reserve Bank of Minneapolis
New data series connects layoffs with the unemployment rate, providing a fresh look at where the labor market might be headed
www.minneapolisfed.org
November 20, 2024 at 7:11 PM
On quits and layoffs 👇
www.minneapolisfed.org/article/2024...
www.minneapolisfed.org/article/2024...
On quits and layoffs 👇
www.minneapolisfed.org/article/2024...
www.minneapolisfed.org/article/2024...
Where is the U.S. labor market heading? Interpreting the mixed signals| Federal Reserve Bank of Minneapolis
New data series connects layoffs with the unemployment rate, providing a fresh look at where the labor market might be headed
www.minneapolisfed.org
November 20, 2024 at 7:11 PM
On quits and layoffs 👇
www.minneapolisfed.org/article/2024...
www.minneapolisfed.org/article/2024...
Reposted by Alessandro Di Nola
SNAP work requirements fail to increase employment.
Just plain getting on SNAP does improve labor market outcomes.
www.hamiltonproject.org/publication/...
#EconSky
Just plain getting on SNAP does improve labor market outcomes.
www.hamiltonproject.org/publication/...
#EconSky
November 18, 2024 at 5:38 PM
SNAP work requirements fail to increase employment.
Just plain getting on SNAP does improve labor market outcomes.
www.hamiltonproject.org/publication/...
#EconSky
Just plain getting on SNAP does improve labor market outcomes.
www.hamiltonproject.org/publication/...
#EconSky
Nice toolkit to solve heterogeneous agents models in Matlab with GPU github.com/vfitoolkit. Codes to replicate well-known papers in the macro and finance literature are available as well 👇
vfitoolkit
A Toolkit for Macroeconomic Models using Value Function Iteration - vfitoolkit
github.com
November 20, 2024 at 5:30 PM
Nice toolkit to solve heterogeneous agents models in Matlab with GPU github.com/vfitoolkit. Codes to replicate well-known papers in the macro and finance literature are available as well 👇