@joechacha.bsky.social
Reposted
Understanding the Average Clove of Garlic: A Bayesian Hierarchical Analysis of Seven Randomized Experiments
October 30, 2025 at 1:07 PM
Understanding the Average Clove of Garlic: A Bayesian Hierarchical Analysis of Seven Randomized Experiments
Reposted
• Prices rise 2.7% in the short-run pre-substitution (the correct way to think about consumer welfare effects), the equivalent of $4,400 per household annually in 2024$
• Post-substitution, prices would settle 1.6% higher, a $2,600 loss per household.
4/7
• Post-substitution, prices would settle 1.6% higher, a $2,600 loss per household.
4/7
April 10, 2025 at 2:23 PM
• Prices rise 2.7% in the short-run pre-substitution (the correct way to think about consumer welfare effects), the equivalent of $4,400 per household annually in 2024$
• Post-substitution, prices would settle 1.6% higher, a $2,600 loss per household.
4/7
• Post-substitution, prices would settle 1.6% higher, a $2,600 loss per household.
4/7
You forgot to prompt it not to make things up
February 24, 2025 at 9:59 PM
You forgot to prompt it not to make things up
What does it mean for an imported price effect to be negative?
February 4, 2025 at 5:47 PM
What does it mean for an imported price effect to be negative?