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Jonathan Cohen

@jonpcohen

Runner, biker, and (free) food enthusiast.

Formerly @MITEcon, @nberpubs, @NorthwesternU, and @PremierMontrose.
Cambridge, MA jonpcohen.com Joined August 2016
455 Following 525 Followers 936 Posts

Latest posts 5

Jonathan Cohen @jonpcohen
x.com/arpitrage/stat…

[1/8] Interesting observation! I recalled Augenblick having some papers on this, so I vibe coded up a test on scraped Polymarket data as a vibe check.

TLDR: the volatility does seem too high to be consistent with the "wise crowd" using Bayesian updating
Arpit Gupta Verified account @arpitrage Aug 12
These prediction markets are moving around way too much to be accurate information aggregators
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Jonathan Cohen @jonpcohen
[1/16] Catching from @just_economics, here's my read

All: prices ↑

Chang (RF event study), BF (structural search), Coven (structural BLP): rents ↓, consistent w/ segmented markets S&D

Hanson (RF event study) and GQZ (RF shift-share): rents ↑, but w/ data & design drawbacks
2 great JMPs this year on what happens when institutional investors buy up homes and convert them to rental units.
Curiously, the 2 papers have opposite findings!
One finds rents *increase*, due to investor's market power.
The other finds a decrease, due to increased supply...
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Jonathan Cohen @jonpcohen
We found 55 papers on the impact of UI on UE and wrote #56 to aggregate that evidence.

@p_ganong summarized our paper, so I’ll add meta-commentary on meta-analysis.
New paper out today on how unemployment benefits affect unemployment

TLDR: more generous benefits increase unemployment, but by much less than we thought and in ways that make it possible to make sufficient statistics more general than prior work

(thread on three key results)
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