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Dan Garrett

@danggarret.bsky.social

510 followers 620 following 60 posts

economist thinking about taxes and public debt | co-organizer for the virtual municipal finance workshop | ap in finance at the wharton school www.danggarrett.com www.muni-workshop.com

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Dan Garrett @danggarret.bsky.social · Jun 27

Why are most muni bonds that qualify for ESG labels issued without them? Our new working paper uses an unexpected data release to show investors price ESG info—even when bonds aren’t labeled. Political & institutional frictions drive the labeling gap. Link here: papers.ssrn.com/sol3/papers....

Who Labels and What's Priced? Evidence from Third-Party ESG Assessments in the Municipal Bond Market

We study the supply and pricing dynamics for ESG labels using a novel and unexpected third-party assessment of environmental, social, and governance (ESG) chara

papers.ssrn.com

Dan Garrett @danggarret.bsky.social · 1d

I have been thinking this year will be a particularly rough year for economists seeking employment, and this new data tool from the AEA definitely shows that is the case with 1/3 less listings than the same time last year, basically matching COVID lows.

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Reposted by Dan Garrett

Sandy Black @econsandy.bsky.social · 3d

Just a reminder to submit your papers to SoLE!!! It will be a great conference, with not-to-be-missed keynotes by Janet Currie, Kerwin Charles, and Jeff Smith! Avoid FOMO and submit!
🥳

Sandy Black @econsandy.bsky.social · Aug 19

Society of Labor Economists (SoLE) Annual Conference will be May 1-2, 2026 in Denver, Colorado. Submission portal is now open! Deadline for submissions is October 31--don't forget to submit! It will be a great conference! (organized by me and @jrothst.bsky.social)

mailchi.mp/sole-jole/so...

SOLE 2026 Submissions Open

mailchi.mp

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Dan Garrett @danggarret.bsky.social · 13d

Happy Caturday from Big Gus and Archie who like to politely join me at the kitchen counter for an afternoon snack.

Dan Garrett @danggarret.bsky.social · 19d

"What are you working on?" seems the most natural thing I would want to be asked. It's perfectly fine to say you're in between projects or caught up teaching. Another option is "What are you thinking about these days?" or "What sessions are you excited for?" without getting existential about fields

Reposted by Dan Garrett

David Van Dijcke @packlesshepherd.bsky.social · Apr 9

Hi Bluesky!

I'm excited to share my job market paper (for the 2025-26 market)!

It introduces a new extension of RDD where outcomes are entire distributions: Regression Discontinuity Design with Distributions (R3D).

Thread below 👇 (1/)

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Dan Garrett @danggarret.bsky.social · Aug 28

This has also been my experience with econ research and professionally related posts in particular. LinkedIn is surprisingly effective for getting likes, but conditional on a reply I do think the discussion is better here instead of the series of exact "Congratulations, [name]!" replies on LinkedIn

Reposted by Dan Garrett

Tatyana Deryugina @tderyugina.bsky.social · Aug 27

The letter is ready, thanks to all those who helped out! Starting to gather signature now, please consider signing (link at top of letter) & spread the word.

docs.google.com/document/d/1...

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Dan Garrett @danggarret.bsky.social · Aug 6

Graeter's is a really great brand out of Cincinnati (in my personal opinion, bested only by Skyline if you're in the area). Black Raspberry is probably my favorite of their flavors.

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Dan Garrett @danggarret.bsky.social · Aug 6

I do. It's part of "participation" which is 20% of the grade (doubled after Gen-AI ruined other assignments). If it's obvious a student is unprepared, I make sure I call on them the next class and take off points only for (1) multiple unexcused absences or (2) consistent unpreparedness.

Dan Garrett @danggarret.bsky.social · Aug 6

I switched to cold calls as my approach to encouraging interaction with readings back in 2022 and it's been going surprisingly well. Since it happens is in-class, cold calls are quite AI-proof and the students, advanced undergrads and MBAs, actually seem to like it when I thought they'd hate it

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Reposted by Dan Garrett

Kevin Schnepel @schnepel.bsky.social · Aug 5

PhD students working on projects in the crime & criminal justice space (empirical w/ a causal focus) - see below for a fun workshop in October! Will be a great opportunity for feedback and networking with other scholars.

Jennifer Doleac @jenniferdoleac.bsky.social · Aug 2

PhD students working on topics related to crime & the criminal justice system in the US:

Join us for a research workshop this October! We're bringing y'all together so that you can meet each other, and (selfishly) so the Arnold Ventures CJ team can meet you.

Sign up by August 11! bit.ly/3GUT0De

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Dan Garrett @danggarret.bsky.social · Aug 4

The musical kinds: en.wikipedia.org/wiki/Rent_(m...

Rent (musical) - Wikipedia

en.wikipedia.org

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Dan Garrett @danggarret.bsky.social · Jul 31

There is some great discussion by one of my dissertation committee members, Jimmy Roberts who happens to be an excellent industrial organization economist, around claim #4.

Market concentration and market power, while sometimes correlated, are not the same thing.

Derek Thompson @dkthomp.bsky.social · Jul 31

Antitrust critics of Abundance claim homebuilding oligopolies are holding back supply and driving up prices, esp in Texas.

I did something really simple. I called up their sources.

Everyone I spoke to told me the same thing: Their claims are bullshit.

www.derekthompson.org/p/the-anti-a...

The Anti-Abundance Critique on Housing Is Dead Wrong

Antitrust critics say that homebuilding monopolies are the real culprit of America’s housing woes. I looked into some of their claims. They don’t hold up.

www.derekthompson.org

Reposted by Dan Garrett

Riley Acton @riacton.bsky.social · Jul 29

Excited to announce the call for papers for the inaugural MidSouth Education Policy Workshop, October 16-17, in Lexington, KY!

Send us your abstracts on all things econ of ed & ed policy by 8/27. Grad students & early career folks especially welcome!

Info & link to submit here: bit.ly/44TdiGf

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Reposted by Dan Garrett

Andrew Bacher-Hicks @abacherhicks.bsky.social · Jul 28

38 states have legalized sports betting, but little is known about the financial, social, and behavioral impacts.

@arnoldventures.bsky.social is committed to building the evidence base with our newest RFP.

LOIs due 9/15 and details here: www.arnoldventures.org/causal-resea...

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Dan Garrett @danggarret.bsky.social · Jul 24

As an amateur appreciator of urban amenities, I just arrived in Vancouver and the Canada Line train into the city is so nice. Easy to use, clean, and right on time.

Reposted by Dan Garrett

Daniel Bergstresser @dbergstresser.bsky.social · Jul 23

👇👇👇

Michael Klein @mwkleinphd.bsky.social · Jul 23

Interest payments on the national debt are now bigger than spending on national defense. @dbergstresser.bsky.social in @econofact.bsky.social explains the sources of the increase in the interest burden of the debt & its maturity structure (and why that matters) econofact.org/the-cost-of-...

The Cost of Financing U.S. Government Debt | Econofact

The relatively short maturity structure of US government debt means that increases in interest rates translate rapidly into higher interest costs.

econofact.org

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Dan Garrett @danggarret.bsky.social · Jul 23

Next up, I’ll be presenting “Who Labels and What's Priced? Evidence from Third-Party ESG Assessments in the Municipal Bond Market” where we explore environmental, social, and sustainability labels using an unexpected information release in 2023 through Bloomberg

(papers.ssrn.com/sol3/papers....)

Who Labels and What's Priced? Evidence from Third-Party ESG Assessments in the Municipal Bond Market

We study the supply and pricing dynamics for ESG labels using a novel and unexpected third-party assessment of environmental, social, and governance (ESG) chara

papers.ssrn.com

Dan Garrett @danggarret.bsky.social · Jul 23

Discussant @ivantivanov.bsky.social (Chicago Fed) focuses on the growth of “alternative trading systems” (ATS) that dealers have increasingly used since about 2010. Some questions remain about how ATS interacts with reciprocity

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Dan Garrett @danggarret.bsky.social · Jul 23

First paper: Casey Dougal (FSU) tells us about muni dealer networks in “Dealer Quid Pro Quo in the Municipal Bond Market.” The paper finds, on average, dealers that trade back and forth (reciprocal trades) have low execution costs, but effect flips on the periphery

papers.ssrn.com/sol3/papers....

Dealer Quid Pro Quo in the Municipal Bond Market

Dealers intermediate trades in OTC markets by forming trading networks. We find greater network complexity in the municipal bond market than the typical core-pe

papers.ssrn.com

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Dan Garrett @danggarret.bsky.social · Jul 23

It’s Day 2 of the Brookings Muni Finance Conference (livestream: www.brookings.edu/events/14th-...)! I will be live tweeting a lot less today but the papers—including my own paper on green muni bonds—will hopefully be just as good as yesterday

14th annual Municipal Finance Conference | Brookings

www.brookings.edu

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Dan Garrett @danggarret.bsky.social · Jul 22

Melissa Winkler (Crosswalk Labs) discusses the paper and starts by noting that it looks like markets are doing what they are supposed to. Coal’s decline led to decreased fiscal stability and markets priced that risk. She also brings up a lot of forward looking questions on future energy transitions

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Dan Garrett @danggarret.bsky.social · Jul 22

Last paper: “Navigating Structural Change: Evidence from Municipal Finances and Bond Market Pricing During the Coal Transition” presented by Marcelo Ochoa. The large decline in coal production following from the fracking boom in the US was priced in munis and led to local fiscal distress

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Dan Garrett @danggarret.bsky.social · Jul 22

Discussant Francesco Ruggieri (UChicago) zooms in on nonlinearities in the NYC property tax system: assessment growth caps interact interestingly with property tax relief. Dynamic welfare implications not obvious.

Dan Garrett @danggarret.bsky.social · Jul 22

The basic idea: hurricane Sandy had a massive deleterious effect on property values in NYC for damaged properties, but property tax assessments adjust these values down for property taxes less, leading to increases in the taxable ratio (especially damaged properties ineligible for tax relief)