Economist at the IMF | PhD @UChicago Econ | Research on Productivity & Growth. Views are my own.
Washington, DC
Joined February 2019
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Alexandre Sollaci retweeted
When should governments steer innovation to specific sectors? Daniel Garcia-Macia and Alexandre Sollaci @ASollaci @IMFNews find sector-specific subsidies beat neutral ones only under strict conditions—yet most advanced economies, like the U.S. & China, over-subsidize despite targeting the right sectors. #IndustrialPolicy #econtwitter #IMF
Alexandre Sollaci retweeted
When should governments steer innovation to specific sectors? Daniel Garcia-Macia and Alexandre Sollaci @ASollaci @IMFNews find sector-specific subsidies beat neutral ones only under strict conditions—yet most advanced economies, like the U.S. & China, over-subsidize despite targeting the right sectors: faculti.net/industrial-polic… #IndustrialPolicy #econtwitter #IMF
Alexandre Sollaci retweeted
Wait, retail shopping isn't dead? 🤯
1. Offline spending on consumer packaged goods (CPG) was flat from 2006-2016
2. Yes, online is growing. To a whole 3%! It's just not that big to matter for aggregate trends.
Super interesting paper from Uyen Tran. dropbox.com/scl/fi/73pozfv0f…
It has been great to present our work on “Profit Puzzles” on the NBER SI this week. Full presentation is online now (youtube.com/nbervideos) with slides (dropbox.com/scl/fi/filbktjj2…).
But here are the highlights:
@EconTraina @CarterDavisFin
1. Measuring quantities such as the cost of capital using data on public firms and then extrapolating to the aggregate economy can lead to important biases.
2. The implied series of private firm profit rates (measured as a residual) has increased!
And if you made it this far, you might like to have a look at the full paper here: conference.nber.org/conf_pap…
Alexandre Sollaci retweeted
Such a sad day. Bob Lucas, the most important economist in modern macroeconomics, and certainly the most important economist in my life, died today. He was such a deep and honest thinker. He was such a helpful and caring mentor. I owe him so much. Farewell Bob. Thank you.
Alexandre Sollaci retweeted
NEW: Replacing a low-quality retail manager with a high-quality manager can as much as double productivity.
Read findings from @RDMetcalfe, @ASollaci, and @ChicagoBooth's @ChadSyverson who study manager moves across retail locations in a new working paper.
Ever wonder how people feel about climate mitigation policies? And more importantly, what changes their minds? Check out out new paper! #econtwitter
imf.org/en/Publications/Staf…
For those that can make, it we're presenting it on Feb 23: events.iadb.org/calendar/eve…
Alexandre Sollaci retweeted
🚨 Public-firm profit rates have fallen to *half* their 1980 values 🚨, which explains why financial market rates fell despite rising/steady *aggregate* profit rates.
papers.ssrn.com/sol3/papers.…
New draft with @ASollaci & @CarterDavisFin, & outstanding support from @TonBobrov...🧵
We ran a survey across 28 countries to find out what people think about climate change policies. Check out the results!
imf.org/en/News/Seminars/Con…
Alexandre Sollaci retweeted
TIL profits for public firms have halved(!) since 1980 🤯
Remember, these are the same firms with supposedly skyrocketing markups.
What is going on?!
Very cool to see our work in WEO mentioned in the Economist! @njharbo @AlbrizioSilvia
economist.com/finance-and-ec…
Alexandre Sollaci retweeted
Excited to be presenting our project on the impact of managers on productivity at @nberpubs Personnel Econ Summer Institute at 1245pm ET with @ASollaci & @ChadSyverson.
