user avatar
Ben Moll
@ben_moll
Sir John Hicks Professor of Economics, @LSEecon. Macroeconomics with distribution(s). Coeditor of the American Economic Review.
benjaminmoll.com
Joined January 2019
1,473
Following
27.3K
Followers
Posts
  • Pinned
    user avatar
    Ben Moll
    @ben_moll
    Jun 5
    For those interested, here are my slides from yesterday's Cowles Lecture at the Econometric Society Meetings @YaleCowles @econometricsoc benjaminmoll.com/cowles_lecture/ Thanks so much for listening and for the great discussion and comments!
    51K
  • user avatar
    Ben Moll
    @ben_moll
    Jul 11, 2023
    I taught a new undergraduate macroeconomics course @LSEEcon. Goals: 1. *Modern* macro = microfoundations rather than IS-LM 2. Simple enough that undergrads get it 3. But still end up somewhere reasonably close to research frontier All materials here benjaminmoll.com/lectures/
    338K
  • user avatar
    Ben Moll
    @ben_moll
    Jul 15, 2022
    Thread: a collection of concrete cases of substitution & demand reduction in the energy crisis. Economic theory predicts that, as prices rise, households & firms reduce demand and substitute. We're starting to see more and more such cases I'll collect these here as we go along.
  • user avatar
    Ben Moll
    @ben_moll
    May 9, 2023
    Just released: new study showing 1. The German economy coped well with end of Russian gas supplies even avoiding recession 2. Germany would have also withstood an earlier 1 April 2022 import stop Joint with @MSchularick @GeorgZachmann @ECON_tribute econtribute.de/RePEc/ajk/ajkp…
    634K
  • user avatar
    Ben Moll
    @ben_moll
    Mar 7, 2022
    We put together a team of macro-, micro- and energy economists to think about the question: what would be the effects on the German economy of a stop of energy imports from Russia? In short: moderate, especially in combination with the right policy response. 1/
    user avatar
    Moritz Kuhn
    @kuhnmo
    Mar 7, 2022
    "What are the macroeconomic & distributional consequences for Germany of a stop of Russian energy imports?" Our @ECONtribute policy brief provides an answer @BachmannRudi @DBaqaee @christianbaye13 @kuhnmo @andreasloeschel @ben_moll @APeichl #KarenPittel @MSchularick
  • user avatar
    Ben Moll
    @ben_moll
    Sep 8, 2022
    First forecast for 🇩🇪 economy after Nordstream 1 shutdown. GDP growth predicted by @kielinstitute: - 2022: +1.4% - 2023: -0.7% - 2024: +1.7% "Largest economic crisis since the end of WWII" with "millions of lost jobs" here we come! *Brudermüller/Scholz ifw-kiel.de/publications/m…
  • user avatar
    Ben Moll
    @ben_moll
    May 16, 2023
    Here is my little Bob Lucas anecdote. It's about Bob's incredible gift as a writer and his generosity toward his students. It's the fall of 2009 and I'm a grad student at the University of Chicago. Bob is on my thesis committee.
    215K
  • user avatar
    Ben Moll
    @ben_moll
    Dec 13, 2022
    An embarrassment for the entire economics profession.
    user avatar
    Francis Scarr
    @francis_scarr
    Dec 13, 2022
    US economist Jeffrey Sachs was back on Solovyov Live this morning
  • user avatar
    Ben Moll
    @ben_moll
    Apr 4, 2022
    Please endorse this proposal by some outstanding French economists for an EU-wide: 1. complete oil import stop 2. tax on Russian gas 3. together with a cushion for low-income people stopfinancingwar.com Also non-economists can endorse. Information how to on website.
    stopfinancingwar.com
    Stop financing War
    The financial and economic sanctions so far imposed on Russia to force it to end its invasion of Ukraine have not yet had the desired impact. Cutting off the financing of the Russian aggression is...
  • user avatar
    Ben Moll
    @ben_moll
    Jun 28, 2024
    How should we tax capital gains due to rising asset prices? On realization? On accrual? Or should we perhaps tax wealth? The existing public finance literature has a big hole making it unsuitable for thinking about these issues: it doesn't model asset prices! 🧵 on a new paper:
    186K
  • user avatar
    Ben Moll
    @ben_moll
    Jul 19, 2022
    Over the last decades, many asset valuations have gone through the roof. This had large effects on the distribution of wealth. But what does it mean for welfare? Was this a huge shift of resources toward the wealthy? Or just welfare-irrelevant "paper gains"? 🧵 on a new paper:
  • user avatar
    Ben Moll
    @ben_moll
    May 30, 2022
    Deutschland's Presse in England heute morgen. Übrigens nicht die Regenbogenpresse sondern die altehrwürdig @thetimes.
    thetimes.com
    Germany ‘breaks its promise’ to give Kyiv more heavy weapons
    Germany has reduced military support for Ukraine “to a minimum” prompting accusations that it has reneged on its pledge to provide heavy weaponry. Following Rus
  • user avatar
    Ben Moll
    @ben_moll
    Nov 29, 2024
    New paper: benjaminmoll.com/challenge/
    153K
  • user avatar
    Ben Moll
    @ben_moll
    May 13, 2021
    Do wealthier households save a larger share of their incomes than poorer ones? I suspect most people's prior is that the answer is "yes." Turns out that's incorrect, or rather: things are considerably more subtle, at least in our Norwegian wealth tax registry data. A short 🧵: