Professor of Finance at UNC Chapel Hill; Faculty Director Investment Mgmt Center of the Kenan-Flagled Business School; Research Associate NBER; Editor at RAPS
Chapel Hill, North Carolina
Joined July 2019
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This summer a few junior colleagues asked me for feedback on their discussions. I realized I had a lot to say and nowhere to point them. Discussions are the one skill nobody teaches you in grad school. So I wrote it down. Ten suggestions for young scholars. 🧵
10/10 A discussion is not an ambush. Slides to the authors the night before. If you think you've found a fatal flaw, tell them privately first. You might be wrong, and finding that out in front of an audience backfires spectacularly.
Full guide here, along with every discussion I've given since 2007: drric.web.unc.edu/research/d…
They've gotten better over time. Yours will too, if you're willing to put in the work.
A day after the inflation awakening, implied rates keep on climbing. By early 23, the Fed will have hiked rates by an additional 200 points. Rates are expected to stay at that level for at least 6 months. Markets expectations and Fed much needed correction are finally converging.
Remember those days? We are now on track for 4 consecutive 75bps hikes. The Fed should have seen the writing on the wall and be forthcoming about its policy.
reuters.com/world/us/feds-po…
Implied rate changes from current level for each of the next 11 FOMC meetings. Two more 75bps hikes are now a lock. Hard to believe that a little over a month ago only half of that was priced in.
How much do rising temperatures affect the US economy? How big are the long-term implications of global warming? Here are some of the results of my research with Bridget Hoffmann and Toan Phan on this topic.
youtube.com/watch?v=m0_9V-N4…