Macroeconomist, Assistant Professor at Imperial Business School Formerly @LSE, @bankofengland, @Uniofoxford, & @UNSW
London
Joined January 2017
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Patrick Schneider retweeted
It is an extraordinary failure that the BBC has the resources to do genuine public interest journalism that is much less viable commercially (from foreign correspondents to long-form local reporting) but instead we get relentless lowest common denominator nonsense
GTA 6: Can you cheat on someone with a video game character? bbc.in/4egQBjw
Patrick Schneider retweeted
On the microeconomic foundations of macro stabilisation: The Hall-Woodford prize in historical perspective
beatricecherrier.wordpress.c…
Patrick Schneider retweeted
This is the least surprising graph in the world if you understand how gradient descent works.
Patrick Schneider retweeted
BREAKING NEWS
The Royal Swedish Academy of Sciences has decided to award the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Robert E. Hall and Michael Woodford “for microeconomic foundations of macroeconomic stabilisation.”
#NobelPrize
We’re hiring at Imperial business school this year. Multiple roles in the Economics and Public Policy department. Come join us!
econjobmarket.org/positions/…
Patrick Schneider retweeted
The super debate is running hot again. In the latest edition of budget61, Jack Buckley (@JackBuckleyEcon) and Matt Nolan (@ZjubNZ) present new analysis suggesting that in solving an undersaving problem, superannuation may be creating an oversaving one.
There’s no doubt that compulsory superannuation is working well in helping Australian’s save for retirement and shift the cost of old age from the taxes of the young to the savings of the old.
But with contributions now at 12 per cent, many could end up with much more cash income in retirement than they had while working.
The current system increasingly transfers money from when people are young and relatively poor to when they are old and relatively rich. And as balances grow, it risks becoming, in part, a tax-advantaged inheritance scheme.
e61.in/too-much-of-a-good-th…
Patrick Schneider retweeted
This is going to be a fantastic conference, jointly organized with @JADHazell and Chen Lian. A special thanks to @ChadJonesEcon for keynoting and to our amazing speakers @alexolegimas @DanialLashkari @_LukasFreund_ @TaniaBabina @gregorschub @laura_veldkamp and @DimitrisPapan20
How will emerging technologies transform growth, innovation and the future of work?
Join us at LSE ifor an Emerging Technologies workshop with speakers including @alexolegimas, @XJaravel, @ChadJonesEcon chaired by @DeRidderMaarten
📅 10-11 December 2026
sticerd.lse.ac.uk/_new/event…
Patrick Schneider retweeted
JUST IN: Singapore is cracking down on people blasting music & videos on public transportation, with violators now facing fines of up to $500 SGD.
Patrick Schneider retweeted
Very happy to share that my colleagues at LSE have voted to award me tenure!
Patrick Schneider retweeted
Why have long-term rates risen so much since 2020? In a new @VoxEU post, Paul Beaudry, Paolo Cavallino, and I show that about 90% of the increase for the US occurred within 3-day windows around Fed speeches and nonfarm payroll releases [1/7]
Anatomy of a rise: Monetary policy and the post-Covid surge in long-term interest rates
Paul Beaudry @ubcVSE @UBC, Paolo Cavallino @BIS_org, Tim Willems @timwillems85 @bankofengland
ow.ly/hVw350ZPyBH
That East of Eden, one of the greatest books ever written, has a chance of being read by tonnes of people again is so, so great
I'm not going to say 'fault,' but when I ask people what they're reading they say one of three things:
1. Theo of Golden (the hottest, pushed Tuesdays with Morrie book of the year)
2. East of Eden (the hottest, pushed classic because Netflix is making a series)
3. Colleen Hoover
People read what they're told to read (by advertising campaigns). They don't go to libraries and browse. They don't pick up lost classics. They read exactly what everyone else is reading.
This is - if not a problem, a change. It narrows the scope of discourse to very few titles.
Patrick Schneider retweeted
Would you now please change the history slides in your introductory macro class?
theundercoverhistorian.subst…
Debt yields are up.
Could be because of inflation expectations (war), higher r* (AI investment boom), fiscal sustainability concerns (higher govt risk premium)…
Has anyone seen/done a good quantification of contributions from each?
@R2Rsquared @ben_moll
Patrick Schneider retweeted
New paper!
Automating entry-level jobs can shrink the economy in the long run by disrupting experience accumulation.
Why? See below.. 🧵
“Immiserizing Automation,” w/ Vladimir Asriyan & @shelegia
One other aspect of this is the basic accounting - forgiving debt erodes cb equity, at some point it needs to be replenished, and that can only be funded by taxes.
Helicopter drops and cb debt forgiveness are still fiscal policy, the debt just sits in the future.
Ok this isn’t quite right, but for fun reasons. General point stands though - debt forgiveness and helicopter drops by cbs do have an impact on fiscal policy, they’re not independent.
Patrick Schneider retweeted
What are the open problems in economics? Here is a few
1, why did the Industrial Revolution happen in England and in 1800? Why was there 300,000 years of no growth before?
2, Why are some countries rich and most others poor. That is, how come some country could bandwagon on the industrial revolution and others not. Even when the innovations are already there. Why can’t they copy?
3, why does the economy some times hum along and do fine, and why does it all of a sudden stop (business cycles).
