Jón Steinsson 🗽
@jonsteinsson.bsky.social
Economics professor at UC Berkeley.
https://eml.berkeley.edu/~jsteinsson/
https://eml.berkeley.edu/~jsteinsson/
Natural gas is pretty much disappearing from the electricity mix in California.
May 19, 2025 at 5:38 AM
Natural gas is pretty much disappearing from the electricity mix in California.
April 22, 2025 at 4:31 PM
This is a super interesting paper cognitive endurance.
December 30, 2024 at 12:51 AM
This is a super interesting paper cognitive endurance.
One dissent, but four dissenting dots! (Can you spot them?)
December 18, 2024 at 10:31 PM
One dissent, but four dissenting dots! (Can you spot them?)
Banks in the United States used to hold a lot of capital.
November 22, 2024 at 1:13 AM
Banks in the United States used to hold a lot of capital.
End the Fed at your own peril.
Alesina and Summers (1993):
Alesina and Summers (1993):
November 9, 2024 at 11:14 PM
End the Fed at your own peril.
Alesina and Summers (1993):
Alesina and Summers (1993):
Great choice!! Congratulations dacemoglumit.bsky.social, Simon, and James!!
October 14, 2024 at 4:25 PM
Great choice!! Congratulations dacemoglumit.bsky.social, Simon, and James!!
It is curious to me how the stock market reacted to Covid early on. It seems like the market woke up all of a sudden on Feb 21st 2020. Why the abrupt change when information presumably trickled out?
October 22, 2023 at 3:57 PM
It is curious to me how the stock market reacted to Covid early on. It seems like the market woke up all of a sudden on Feb 21st 2020. Why the abrupt change when information presumably trickled out?
The thing that I find most surprising about the Fed's current dot plot is the "Long Run". A majority is still putting down 2.5%. This seems way low to me. If I were on the FOMC, I would be one of the top dots. Perhaps a little groupthink on this point at the Fed?
October 3, 2023 at 4:18 AM
The thing that I find most surprising about the Fed's current dot plot is the "Long Run". A majority is still putting down 2.5%. This seems way low to me. If I were on the FOMC, I would be one of the top dots. Perhaps a little groupthink on this point at the Fed?
I recently did some "level accounting" for a few European countries as part of an update of some teaching material. TFP in Europe has really collapsed relative to the US since 2000. Quite striking. (I "account" for differences in K/Y and hours per working-age person in this exercise.)
September 23, 2023 at 5:27 PM
I recently did some "level accounting" for a few European countries as part of an update of some teaching material. TFP in Europe has really collapsed relative to the US since 2000. Quite striking. (I "account" for differences in K/Y and hours per working-age person in this exercise.)