www.eeassoc.org/news/improvi...

Big congrats to this year's Sloan Fellows!

Required reading for all economists.

Follow these steps and save yourself a lot of time down the road!

Oh and @patricksecon.bsky.social is on the academic job market and wrote a very nice job market paper applying these tools

www.patrickmschneider.com

In case someone is curious about the difference / what we did at the time, I left the old codes on my website for now benjaminmoll.com/codes/

Note: same problem as in "Monetary Policy According to HANK" benjaminmoll.com/HANK/

While we got the numerics to work at the time, we were never quite happy with them e.g. things could be unstable when changing parameters etc

Soroush and Patrick's algorithm clearly dominates and supersedes ours!

Detailed description of the problem and algorithm here github.com/SSabet/Neste...

Want to solve heterogeneous-agent models with multiple endogenous state variables, say a multi-asset HANK model?

@soroushs.bsky.social and @patricksecon.bsky.social developed a much-improved finite-difference scheme for such problems: github.com/SSabet/Neste...

Also here benjaminmoll.com/codes/

Could some of this perhaps have to do with what people see in the media?

Like: "GERMANY IN RECESSION 😱" when GDP just shrunk by 0.3%

Or indeed this below ;-)

(To be clear: Germany is obviously stagnating and there are major problems, particularly more long-run and structural ones)

New paper: benjaminmoll.com/challenge/

So proud of my PhD student Kotia and his partner Utkarsh who have been fighting for the legalization of same-sex marriage in front of the Indian Supreme Court. They lost the battle but will win the war.

Huge congratulations on your engagement, Kotia and Utkarsh!

I compiled this list here a while ago for my own PhD teaching benjaminmoll.com/micro_to_mac...