Professor @ChicagoBooth

Joined July 2011
Thanks for a fantastic discussion, @TheStalwart @tracyalloway So much fun talking about Fed reaction functions, bonds becoming risky, and geopolitics!
On this episode of the Odd Lots podcast, @CarolinPflueger joins @tracyalloway and @TheStalwart to discuss why Treasury and global bond yields have been surging and what central banks have to do to make bonds more “bond-like” again. Listen at bit.ly/3PsKJKY or watch at Bloomberg.com/video
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Pascal Noel retweeted
Reminder that @arpitrage and I are hiring a predoc at NYU stern starting in Fall 2027. This is an opportunity to work on a great team building AI tools to understand housing markets better. Check it out here: apply.interfolio.com/194498
🚨New predoc position!🚨 @AlexBartik and I are hiring a predoc at NYU Stern, starting Fall 2027 You would help us build AI tools to measure zoning rules and study how regulation impacts housing supply Ideal for AI enthusiasts who want to get a PhD apply.interfolio.com/194498
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Glad to be part of this @BrookingsInst’s SECURE 3.0 initiative! @cormacodea, @TahaChoukhmane, @L_Schmidt_Econ and I wrote about how 401(k) safe-harbor regulation can allow better match designs that raise savings and decrease participation gaps.
Retirement saving in America has changed dramatically over the past few decades. Today @BrookingsInst's Retirement Security Project launched "SECURE 3.0," a collection of new proposals to strengthen how Americans save for and spend in retirement. Read the collection: brookings.edu/collection/sec…
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Pascal Noel retweeted
So excited that the public microdata is out for the Open Research Unconditional income Study (ORUS)! 1000 folks were randomly given $1000/month and a 2000 person comparison group received $50/month for 3 years. Explore it yourself here: data.openresearchlab.org/
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Pascal Noel retweeted
Have said it before and will say it again, working with RAs and students continues to be an extremely productive approach to empirical economics research, especially as the tools get better. Mentoring pays off for everyone!
econ/finance faculty: I just don't understand what are you guys using your RAs for now??? what is there you need an RA for that ChatGPT can't do for you???
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Aspiring economists interested in public, household finance, inequality, labor, macro, fiscal policy, behavioral, or urban: come work at the University of Chicago with me and @p_ganong! Positions start summer 2027. Application: chicagobooth.edu/-/media/fac… First deadline: Sept 15
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@p_ganong and I work in a team-based environment with a group of fantastic pre-docs, co-authors, and students. More information about working in our lab is available at our lab wiki here: github.com/uchicago-bfi-gnla… We welcome both domestic and international applicants.
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Some of our wonderful current and former pre-docs on Twitter include @BonomoTessa, @gc_jordan_, @pd_robertson, @NWuthenow, @katiekzhang, @tim_cejka, @Rupsha_Debnath, @theopgrayer, @michaelemeyer16, and @ari_anisfeld. Come join our team!
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🧵 1/11 Half of U.S. adults already use AI for financial advice: what advice are they getting? New paper: we ask people to write prompts seeking financial advice from LLMs & simulate the lifetime impact of following that advice (w/ @timdesilva, @wdwlin & @AkuzawaMatthew)
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Pascal Noel retweeted
A lot of my research works with big data and long pipelines. I wasn't able to find examples of a skill for unit tests on such environments (I'm sure it's out there though!) so my lab put one together. It has multiple modes depending on data complexity. github.com/uchicago-bfi-gnla…
I’m looking for examples of AI-based workflows for econ/social science research. Two particular qs (not related to each other) 1) examples of test-driven development for an AI writing code? 2) examples of AI writing and testing a data build which is long and expensive to run?
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The Booth B+ GPA cap in each class also cuts down on grade complaints. You tell a student their ranking in the class point distribution and it is very hard for them to argue for a higher grade when there is a hard cap. @JohnHCochrane 's proposed refinement would be even better.
It’s pretty easy. Impose grade average. Chicago booth has done it for decades. Computer won’t take grades otherwise. Refinement: average out =average in so hard classes that attract good students not penalized.
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Pascal Noel retweeted
💯 Here's the thing: the current UI system is very poorly designed to help white collar workers. For starters, the weekly benefit caps in many states make the replacement rates very low for middle class workers (e.g., $235 in MS). So yes, it would be great to fix UI.
Our current UI system is actually equipped to handle very little. It takes forever to get approved, benefits are often skimpy, etc. You don’t have to think mass layoffs are coming to want to fix UI. But if you think technological change is coming you should REALLY want it fixed
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Pascal Noel retweeted
🚨New predoc positions!🚨 Join @AlexBartik and me to work on developing LLM tools to analyze zoning regulations and their impacts on housing affordability. One position starting at the "normal" cycle next year, and another ASAP. Apply here: apply.interfolio.com/176538
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Pascal Noel retweeted
Time to tweet about a great new-ish paper from Christina Patterson (disclosure: my wife!), @p_ganong, @pascaljnoel, @JoeVavra, and @AlexWeinberg_ that I think is in a sweet spot of “things economists don’t think about enough” and “true and important” – earnings fluctuations! 1/n
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🚨 New insights from #JPMorganChaseInstitute: "Earnings Instability – The Hidden Volatility of American Workers’ Paychecks." Steady jobs don’t always mean steady income. Here’s what we found 👇
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Aspiring researchers: come work at Chicago Booth! I'm hiring pre-doctoral fellows along with a group of Booth colleagues and our co-authors at other institutions. Positions start summer 2026. Application: chicagobooth.edu/-/media/fac… First deadline: September 8
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Some of our wonderful current and former pre-docs on Twitter include @BonomoTessa, @gc_jordan_, @pd_robertson, @NWuthenow, @katiekzhang, @tim_cejka, @Rupsha_Debnath, @theopgrayer and @ari_anisfeld. Come join our team!
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