marcopangallo.bsky.social
marcopangallo.bsky.social
@marcopangallo.bsky.social
Please get in touch with us if you are thinking about a PhD or postdoc and are interested in these topics.

Apply at

𝘗𝘰𝘴𝘵𝘥𝘰𝘤 -> lnkd.in/dES76TZJ

𝘗𝘩𝘋 -> lnkd.in/duCkZDni

8/8
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lnkd.in
December 18, 2024 at 2:46 PM
Finally, we will (i) model the impact of specific floods, such as the September 2024 "Storm Boris" floods, and (ii) test policy mixes that take advantage of the joint focus on household heterogeneity and supply chain resilience. 7/8
December 18, 2024 at 2:46 PM
We will also do substantial data work, that could be interesting by itself. More specifically, we will build spatially-explicit synthetic populations; reconstruct production networks across firms; use catastrophe modeling to estimate physical risks of floods across space. 6/8
December 18, 2024 at 2:46 PM
We will also look at impacts on small firms through improving modeling of transportation, pricing and input substitutability, taking into account the characteristics of households that work within these firms. 5/8
December 18, 2024 at 2:46 PM
For instance, we will consider the contributions to production of workers with different skills, so that we can evaluate the effects of disaster-driven displacement -- a key impact on well-being -- across the household distribution and on the economy as a whole. 4/8
December 18, 2024 at 2:46 PM
We will improve the realism of these models to better understand the impacts on individuals, households and firms at a more detailed level. 3/8
December 18, 2024 at 2:46 PM
We will start from our agent-based models on the economic impact of the Covid-19 pandemic (sciencedirect.com/science/arti..., nature.com/articles/s41...), and adapt them to focus on natural disasters, mostly floods. 2/8
December 18, 2024 at 2:46 PM
t is my only solo paper, from the last chapter of my PhD thesis. Happy to publish it in the JEBO special issue on complexity economics that I’m co-editing (all editor papers went through the editor-in-chief of the journal to avoid conflicts of interest). t.co/wugwCWtrM7
https://www.sciencedirect.com/special-issue/10ZGVN131KJ
t.co
December 2, 2024 at 4:34 PM
This is not the first paper having this idea, but it is the first that quantitatively tests the synchronization hypothesis. It also provides an eigenvalue-eigenvector decomposition that helps understand how synchronization and shocks interact through the trade network.
December 2, 2024 at 4:34 PM
The empirical level of comovement can only be matched by a combination of exogenous shocks and endogenous cycles. Shocks alone cannot generate enough comovement, as is well-known in international macroeconomics. Thus, business cycles are at least in part endogenous.
December 2, 2024 at 4:34 PM
If business cycles are exogenous, economies live in stable steady states and positive correlation of economic activity ("co-movement") comes from shock propagation. If they are endogenous, co-movement comes from synchronization of non-linear dynamics through trade linkages.
December 2, 2024 at 4:34 PM
A debate that is almost as old as economics itself is what recessions and booms originate from. Are they driven by shocks external to the economy, like natural disasters, or by forces internal to the economy, such as debt accumulation? Are business cycles exogenous or endogenous?
December 2, 2024 at 4:34 PM
Blog post with a synopsis of the course: marcopangallo.it/blog/2024/06...
Course materials: fisica-sc.campusnet.unito.it/do/didattica...
Instructions: start with the syllabus and the summary table to get an idea of the topics. Then, you can look at slides, lecture notes and Jupyter notebooks. 7/7
marcopangallo.it
June 25, 2024 at 5:15 PM
I am now sharing the course materials and seeking feedback from the community, which will be as valuable as students’ feedback in refining the course over the coming years. My hope is that this course will eventually evolve into a textbook on complexity economics. 6/7
June 25, 2024 at 5:15 PM
- No equations on the slides. Use chalks and the blackboard.
- For any topic, start giving the big picture, then discuss a specific application in great detail, finally zoom out to provide an overview.
- No choice of topics to promote my own research. 5/7
June 25, 2024 at 5:15 PM
Some principles that guided my choice of topics and teaching philosophy:
- Economics is about the economy, not human behavior under scarce resources.
- Though motivated by data and experiments, make the course theory-heavy. When possible, privilege analytical calculations. 4/7
June 25, 2024 at 5:14 PM
To do so, I had to distill the contributions of complexity economics that were most meaningful for the students. I tried to strike a balance between concepts & methods, blackboard calculations and Jupyter notebooks, theory and data, and traditional and complexity approaches. 3/7
June 25, 2024 at 5:14 PM
My students had no prior knowledge of economics, so I aimed to teach them the fundamentals of economics while showcasing the contributions of complex systems to the field. To my knowledge, there was no course like that, so I had to design it from scratch. 2/7
June 25, 2024 at 5:14 PM
Shoutout to my coauthors @maria-drc.bsky.social, @mattk7.bsky.social, @estebanmoro.bsky.social (the others are still on the other platform)
November 17, 2023 at 12:02 PM