Crazy to think that 100 years ago the next stop on my train was the epicenter of math and physics research worldwide

Da kommen Erinnerungen an die 80er hoch

Rudi auf dem Weg ins Football Stadion 😉

Highly recommended!

Great quote! Makes me think of some fields in economics that still rely on static models, but then want to discuss the effects of policy changes.

undercoverhist.bsky.socialOct 6, 2023 3:43pm

Great quote by Koopmans on tractability traps in economics (or trampolines?) I wish I had remembered it earlier "Tools...may even come to dominate an entire period or school of thought. Our servants may thus become our guides, for better or for worse, depending on the accidents of the case"

From a dinner talk by Lars Hansen at the conference in honor of my colleague Joon Park. This tension was huge when I was at the Fed - understanding (and appreciating) uncertainty is something many policymakers should work on.

Come for the explanation why Thomas Lubik and I changed priors, stay for the many, many, many star based puns 🫣 www.richmondfed.org/publications...

The Stars Our Destination: An Update for Our R* Model

The updates result in a less volatile r* series that more closely reflects our prior belief as to where r* likely is.

Apparently Heisenberg didn’t need Linear Algebra to get into grad school 😁 ( from “The Man from the Future” by A. Bhattacharya)

We’re hiring at IU! In particular, we’re looking to hire an endowed chair in macro. If you are interested feel free to reach out! I think we have a great department with lots of people doing really cool research. indiana.peopleadmin.com/postings/20326