Webpage: https://nicjkoz.com/LisbonMacro/ https://bsky.app/profile/lisbonmacro.bsky.socialhttps://bsky.app/profile/lisbonmacro.bsky.social/post/3mfa5rl7bi22oCalling all macroeconomists! The 5th Lisbon Macro Workshop on August 28-29 at Nova SBE, with great papers and good discussions! Please apply! Call for papers here: https://drive.google.com/file/d/1Jzp61s6HkmXzkp6G7fWzskMNcOuzkVVE/view?usp=drive_link19 Feb 2026 17:50 +0000at://did:plc:kxi3nnfjll7buuvtixa3o7pl/app.bsky.feed.post/3mfa5rl7bi22ohttps://bsky.app/profile/lisbonmacro.bsky.social/post/3lxpshubd3c2yA big thank you to all presenters and discussants for the insightful and productive discussions at this year’s workshop. Looking forward to seeing you all again next year!31 Aug 2025 19:17 +0000at://did:plc:kxi3nnfjll7buuvtixa3o7pl/app.bsky.feed.post/3lxpshubd3c2yhttps://bsky.app/profile/lisbonmacro.bsky.social/post/3lxps765ads2ySeho Kim shows that lowering the economic cost of unemployment encourages workers to join riskier startups, increasing experimentation & productivity growth. In a firm dynamics model with labor frictions, lower vacancy creation costs further raise aggregate productivity.31 Aug 2025 19:12 +0000at://did:plc:kxi3nnfjll7buuvtixa3o7pl/app.bsky.feed.post/3lxps765ads2yhttps://bsky.app/profile/lisbonmacro.bsky.social/post/3lxmjuipiys2r‪@lpvisschers.bsky.social‬ documents that year-to-year earnings growth is cyclically skewed: flows & their returns shift over the cycle, especially in the tails. Occupational moves matter most and upward mobility is much higher in expansions.30 Aug 2025 12:05 +0000at://did:plc:kxi3nnfjll7buuvtixa3o7pl/app.bsky.feed.post/3lxmjuipiys2rhttps://bsky.app/profile/lisbonmacro.bsky.social/post/3lxmemh2yvk2rJenny Ding maps households consumption into goods skill-intensity, showing that consumption has shifted toward skill intensive goods over time. A multi-industry GE model with K-skill complementarity decomposes rising wage inequality: 82% due to K accumulation.30 Aug 2025 10:31 +0000at://did:plc:kxi3nnfjll7buuvtixa3o7pl/app.bsky.feed.post/3lxmemh2yvk2rhttps://bsky.app/profile/lisbonmacro.bsky.social/post/3lxmbxk6cec2k@valeriop.bsky.social adds mental accounting to a HANK model to match wealth & MPCs. Wealthy households with high MPCs amplify consumption response to transfers but dampen response to rate cuts, implying lower gains from targeting low-liquid-wealth households.30 Aug 2025 09:44 +0000at://did:plc:kxi3nnfjll7buuvtixa3o7pl/app.bsky.feed.post/3lxmbxk6cec2khttps://bsky.app/profile/lisbonmacro.bsky.social/post/3lxkizonfks2kHarun Alp presents a novel model of innovation and firm dynamics with occupational choice: transformative entrepreneurs who hire ≥1 R&D worker differ sharply from those who don’t. The framework helps evaluate how education, startup, & R&D policies affect talent allocation.29 Aug 2025 16:45 +0000at://did:plc:kxi3nnfjll7buuvtixa3o7pl/app.bsky.feed.post/3lxkizonfks2khttps://bsky.app/profile/lisbonmacro.bsky.social/post/3lxkgnw5c5s2k@rafaguntin.bsky.social uncovers new facts on how firms reach the top 1% and set up a new macro model accounting for these firm dynamics. These dynamics shape macro outcomes: finance, tech frontier, r changes, taxation.29 Aug 2025 16:02 +0000at://did:plc:kxi3nnfjll7buuvtixa3o7pl/app.bsky.feed.post/3lxkgnw5c5s2khttps://bsky.app/profile/lisbonmacro.bsky.social/post/3lxkfdpqse22kTom Schmitz shows that ICT & AI spark a life cycle in downstream industries: early surge in entry & product innovation, later shift to process innovation & shakeout. Diffusion isn’t optimal: welfare improves by taxing process and subsidizing product innovation.29 Aug 2025 15:39 +0000at://did:plc:kxi3nnfjll7buuvtixa3o7pl/app.bsky.feed.post/3lxkfdpqse22khttps://bsky.app/profile/lisbonmacro.bsky.social/post/3lxkbajfg5c2k‪@luciacasal.bsky.social‬ documents that firms increasingly pursue lock-in innovations with high private but low social value, rising markups. Taxing such innovations may boost productivity but is hard to implement; taxing markups is feasible and productivity enhancing, but raises markup dispersion.29 Aug 2025 14:25 +0000at://did:plc:kxi3nnfjll7buuvtixa3o7pl/app.bsky.feed.post/3lxkbajfg5c2khttps://bsky.app/profile/lisbonmacro.bsky.social/post/3lxk6yjqzdk2s‪@francescomaura.bsky.social‬ shows that subjective life expectancy and financial literacy shape financial market entry and risk-taking. Eliciting survival expectations boosts wealth accumulation, while #FinancialLiteracy most effectively drives market participation.29 Aug 2025 13:45 +0000at://did:plc:kxi3nnfjll7buuvtixa3o7pl/app.bsky.feed.post/3lxk6yjqzdk2shttps://bsky.app/profile/lisbonmacro.bsky.social/post/3lxk6s573mc2mFabrice Tourre kicks off the workshop showing how #mortgage contract design shapes monetary transmission: in Denmark, buy-back options prevent the lock-in effects seen in the US.29 Aug 2025 13:42 +0000at://did:plc:kxi3nnfjll7buuvtixa3o7pl/app.bsky.feed.post/3lxk6s573mc2mhttps://bsky.app/profile/lisbonmacro.bsky.social/post/3lxjqcwk74s2mReady to start!!! [contains quote post or other embedded content]29 Aug 2025 09:23 +0000at://did:plc:kxi3nnfjll7buuvtixa3o7pl/app.bsky.feed.post/3lxjqcwk74s2mhttps://bsky.app/profile/lisbonmacro.bsky.social/post/3lte6xwwv3k2n📢 Excited to announce the program for the Lisbon Macro Workshop 2025, taking place August 29–30 at Nova School of Business and Economics 📍 Lisbon 
📅 Aug 29–30
 🔗 nw.ax/l2U @martacota.bsky.social @jeanne-c.bsky.social07 Jul 2025 06:48 +0000at://did:plc:kxi3nnfjll7buuvtixa3o7pl/app.bsky.feed.post/3lte6xwwv3k2nhttps://bsky.app/profile/lisbonmacro.bsky.social/post/3lmh7wwb4qc24The deadline is approaching! Send your paper by Sunday this week! [contains quote post or other embedded content]10 Apr 2025 09:47 +0000at://did:plc:kxi3nnfjll7buuvtixa3o7pl/app.bsky.feed.post/3lmh7wwb4qc24https://bsky.app/profile/lisbonmacro.bsky.social/post/3lkviq4kwqu2q📢 Calling all macroeconomists! 📢 The 4th Lisbon Macro Workshop is happening on August 29-30! 🇵🇹 ✨ Submit your paper by April 13 & join us in Lisbon 🔗 Submit here: hq.ax/l2L Spread the word! Org: @jeanne-c.bsky.social @martacota.bsky.social Nic Kozeniauskas, Laszlo Tetenyi @chiaralac.bsky.social21 Mar 2025 15:11 +0000at://did:plc:kxi3nnfjll7buuvtixa3o7pl/app.bsky.feed.post/3lkviq4kwqu2qhttps://bsky.app/profile/lisbonmacro.bsky.social/post/3lkvhoy2kv42q👋 Welcome to the official account of the Lisbon Macro Workshop at Católica Lisbon School of Business and Economics! Webpage: nicjkoz.com/LisbonMacro/21 Mar 2025 14:53 +0000at://did:plc:kxi3nnfjll7buuvtixa3o7pl/app.bsky.feed.post/3lkvhoy2kv42q