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🚨 Job Market Paper
❓ Dispersion in firms’ capital intensity has widened. Why, and does it matter?
⚙️ Firms unevenly update the capital-intensity of their technology as capital goods get cheaper.
📊 This helps explain major US trends.
Paper: tinyurl.com/JMPGDM
1/14
Geraud Desazars retweeted
Je recrute plusieurs assistants de recherche "predoc" pour nous accompagner à HEC sur le projet du LIFT. Nous allons lancer de nombreux projets sur l'IA, l'emploi, les compétences, la réorganisation des entreprises et la croissance. Si vous êtes intéressés et excité à l'idée de rejoindre une équipe scientifique qui veut changer la manière de travailler sur ces quesitons, n'hésitez pas à nous contacter. Plus de détails : dropbox.com/scl/fi/uy1evxfc8…
The amazing @Lennart_Nierman !
Congratulations Lennart Niermann on winning this year’s Young Economist Prize!
And well done to all the bright young minds who presented their innovative research at this year’s #ECBForum on Central Banking.
Learn more about their research ecb.europa.eu/press/conferen…
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Geraud Desazars retweeted
Congratulations @p_dedominicis
Watch out! Piero is on the market this season. Interview him, fly him out, and hire him!
🏆 Congratulations to Piero De Dominicis @p_dedominicis (Bocconi), winner of the SCE Graduate Student Paper Award at #CEF2026 in Venice!
Runners-up: Yoshiya Yokomoto (Keio) & Steven Hoekstra (Amsterdam).
Bravo to all three! 👏
#ComputationalEconomics #Venice
Another one for Piero!
🏆 Congratulations to Piero De Dominicis @p_dedominicis (Bocconi), winner of the SCE Graduate Student Paper Award at #CEF2026 in Venice!
Runners-up: Yoshiya Yokomoto (Keio) & Steven Hoekstra (Amsterdam).
Bravo to all three! 👏
#ComputationalEconomics #Venice
Geraud Desazars retweeted
🏆 Congratulations to Piero De Dominicis @p_dedominicis (Bocconi), winner of the SCE Graduate Student Paper Award at #CEF2026 in Venice!
Runners-up: Yoshiya Yokomoto (Keio) & Steven Hoekstra (Amsterdam).
Bravo to all three! 👏
#ComputationalEconomics #Venice
What an honour! Thank you @ecb!
Meet the finalists of this year’s Young Economist Prize!
Their research papers explore the role of innovation, growth and stability in shaping Europe’s future.
The winner will be announced at the #ECBForum on Central Banking from 29 June to 1 July link.europa.eu/WFFQJq
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Geraud Desazars retweeted
New paper out in Environmental and Resource Economics:
What does militarisation cost the climate?
Turns out there's a "Green Peace Dividend" — an underappreciated climate cost of military buildups. A thread on what I found: (1/9)
Geraud Desazars retweeted
Why do Firms Grow? The role and implications of adopting efficient capital by @GeraudDm @Unibocconi is now live on @EconomicMisfit
His job market paper was awarded the Best Paper Award from @econometricsoc European Winter Meeting 2025
Read more: theeconomicmisfit.com/2026/0…
Geraud Desazars retweeted
🏆 The Econometric Society announced the Best Paper Award winners from its 2025 European Winter Meeting.
Awarded research covers:
Capital intensity & firm growth
Gender stereotypes in media & leadership
👏 Congrats to @GeraudDm, @KinneLavinia & Virginia Sondergeld
#EconTwitter
🎉 Honored to receive the Best Paper Award of the 2025 Econometric Society European Winter Meeting for my JMP
Huge thanks to the Program Committee — looking forward to the conference in Cyprus
Have a look at my JMP thread 👇👇
🚨 Job Market Paper
❓ Dispersion in firms’ capital intensity has widened. Why, and does it matter?
⚙️ Firms unevenly update the capital-intensity of their technology as capital goods get cheaper.
📊 This helps explain major US trends.
Paper: tinyurl.com/JMPGDM
1/14
A firm’s α determines how strongly its marginal cost responds to cheaper capital goods.
In the model, higher-α firms experience larger marginal-cost declines when r^K falls — letting them post lower prices and capture demand.
❓If low α is better, why heterogeneity ?
5/14
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📝Summary
Uneven technology updating drives firm dynamics and affects the directions of the aggregate economy.
📚Agenda
💵Capital intensity and monetary policy
📏Measuring markups with firm-specific technologies?
🛍️Large firms: better at producing or at selling?
13/14
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📚Research agenda: sites.google.com/view/geraud…
🗨️Write me to discuss: [email protected]
Thanks for reading!
14/14
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