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Here is a nice review of my book in Library Journal: libraryjournal.com/review/shock-v…
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Carola Conces Binder
2,487 posts
Carola Conces Binder
@cconces
Associate Prof of Civic Leadership and Economics at UT Austin. Author of Shock Values: Prices and Inflation in American Democracy. Catholic wife and mom of 6.
- Today at the local park with my 5 kids, I was told I needed a permit to be there with a group of more than 5 people. I said that they were my own kids and he said I still needed a permit!
- Replying to @JosephPolitanoNot a cop, just a local official of some sort. I go there every week and this was the first time this happened. He didn't kick me out but said to get a permit next time (I will not!)
- I gave a 90 minute econ seminar today with the twin babies, both awake. Held one and audience passed the other around. A first in economics?
- Want to feel old? The college students are having a "2000s rave" on campus tomorrow night.
- I have devoted most of my career to studying inflation expectations. And my own thinking has shifted pretty dramatically in the past year or two. Good time for a thread? 1/n
- Some policies work in theory but not in practice. Some work in practice but not in theory. Price controls work neither in theory nor in practice.
- Replying to @ctorresreporterA township employee. Not his fault, just doing his job. I checked later and that's the official policy for picnic tables.
- Replying to @TPCarneyApparently it's because we were by the picnic tables: lowermerion.org/departments/pa…
- Replying to @nomopoetry and @JosephPolitanoApparently it's because we were by the picnic tables. lowermerion.org/departments/pa…
- Replying to @cconcesI generally agree with Rudd that there is too much emphasis on expectations as something the Fed can/should directly control or fine-tune. Focusing on price stability and full employment should keep expectations anchored enough.
- The methodology I developed in my job market paper (2017 JME) is now being used by the ECB!Why do consumers sometimes overestimate inflation? This is down to their uncertainty: those who aren’t certain tend to round up, and their expectations tend to be higher than actual inflation. This is made worse during crisis periods. ecb.europa.eu/pub/economic-b… #EconomicBulletin
- "Coronavirus Fears and Macroeconomic Expectations" papers.ssrn.com/sol3/papers.cf… This is the fastest I've ever written a paper: conceived of on March 5, online survey March 5 and 6, data analyzed March 7, written up March 8. (thread)
