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Diego Känzig

@dkaenzig.bsky.social

490 followers 330 following 48 posts

Assistant Professor @Northwestern University working on macro, climate&energy, inequality and monetary policy diegokaenzig.com

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Diego Känzig @dkaenzig.bsky.social · Jul 10

Very excited to present some new work on the macroeconomic effects of supply chain disruptions at the @nber.org SI, joint with my brilliant student Ramya Raghavan!

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Reposted by Diego Känzig

Dani Rodrik @drodrik.bsky.social · 26d

Very useful discussion on the perils of using micro/cross-sectional parameter estimates in inferring the aggregate effects of policies/shocks. This is pervasive in Economics, yet the two effects can even have the opposite signs. (Example in next post.) voxdev.org/topic/method...

The ‘missing intercept’ problem with going from micro to macro

Many applied microeconomics papers conclude with a back-of-the-envelope calculation that scales their cross-sectional estimates to the aggregate level. These types of aggregate estimates are only vali...

voxdev.org

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Diego Känzig @dkaenzig.bsky.social · Aug 27

Thanks to @equitablegrowth.bsky.social for the generous support! Excited to study how global supply chain shocks affect markets and the broader economy. #EGgrantee #EconSky

Washington Center for Equitable Growth @equitablegrowth.bsky.social · Aug 26

Diego Känzig (@dkaenzig.bsky.social) will provide causal evidence on the economic implications of supply chain disruptions.

Using high-frequency financial data, he will identify disruptive incidents, and isolate the market impact of the disruption.

equitablegrowth.org/grants/suppl...

#EGgrantee

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Reposted by Diego Känzig

Washington Center for Equitable Growth @equitablegrowth.bsky.social · Aug 20

🚨Meet the 2025 Early Career #EGgrantee(s)!
Seven scholars will get funding to study economic inequality. Projects range in topic, from the housing crisis to child care to supply chain resilience. Stay tuned this week to learn about each grantee and their research.
equitablegrowth.org/equitable-gr...

Equitable Growth awards funding to early career scholars studying the effects of economic inequality

Equitable Growth has awarded funding to seven early career scholars seeking to better understand the effects of economic inequality in the United States.

equitablegrowth.org

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Reposted by Diego Känzig

AEA Journals @aeajournals.bsky.social · Aug 8

Forthcoming in the AER: "Downward Rigidity in the Wage for New Hires" by Jonathon Hazell and Bledi Taska. www.aeaweb.org/articles?id=...

Downward Rigidity in the Wage for New Hires

(Forthcoming Article) - Wage rigidity is an important explanation for unemployment fluctuations. In benchmark models wages for new hires are key, but there is limited evidence on this margin. We use w...

www.aeaweb.org

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Diego Känzig @dkaenzig.bsky.social · Aug 2

War jeden Cent Wert!:-)

Reposted by Diego Känzig

Ben Golub @bengolub.bsky.social · Jul 24

I've been working on a new tool, Refine, to make scholars more productive. If you're interested in being among the very first to try the beta, please read on.

Refine leverages the best current AI models to draw your attention to potential errors and clarity issues in research paper drafts.

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Reposted by Diego Känzig

NBER @nber.org · Jul 22

Showing empirically that green innovation is countercyclical and explaining it with a model where backloaded profits make green research and development less sensitive to downturns, from Diego R. Känzig, @maxkonradt.bsky.social, Lixing Wang, and Donghai Zhang https://www.nber.org/papers/w34041

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Diego Känzig @dkaenzig.bsky.social · Jul 17

I will be presenting some new work on climate policy uncertainty, joint with my amazing co-authors Costas Gavriilidis, Ramya Raghavan and Jim Stock

Diego Känzig @dkaenzig.bsky.social · Jul 17

Very much looking forward to today's workshop on Macro Public Finance at the @nber.org SI. Honored to be among a fantastic group of speakers and discussants. If you are in Cambridge, drop by! www.nber.org/conferences/...

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Diego Känzig @dkaenzig.bsky.social · Jul 10

More info on the session and slides can be found here: www.nber.org/conferences/...

SI 2025 Workshop on Methods and Applications for Dynamic Equilibrium Models

www.nber.org

Diego Känzig @dkaenzig.bsky.social · Jul 10

If you are in Cambridge, don't miss out on this session including fascinating papers by @mickeygb.bsky.social
and @benmoll.bsky.social

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Diego Känzig @dkaenzig.bsky.social · Jul 10

We also study how important these shocks were in the recent inflationary episode, the role of monetary policy in the transmission of these shocks, as well as the sectoral impacts.

Diego Känzig @dkaenzig.bsky.social · Jul 10

This has also substantial effects on the U.S. economy

Diego Känzig @dkaenzig.bsky.social · Jul 10

Using this as an instrument in a semi-structural model of global shipping markets, we document pervasive macroeconomic effects:

Diego Känzig @dkaenzig.bsky.social · Jul 10

We quantify the market impact of these disruptions by measuring how shipping rates change in a narrow window around the events. In this way, we obtain some plausibly exogenous variation in shipping rates

Diego Känzig @dkaenzig.bsky.social · Jul 10

We perform a detailed narrative account of disruptive events at these choke points, including collisions, groundings or extreme weather events. I am sure you remember Ever Given, but there are many more:

Diego Känzig @dkaenzig.bsky.social · Jul 10

Our idea: Global trade is heavily reliant on maritime trade, which in turn relies on a few key choke points: the Panama and the Suez canal

Diego Känzig @dkaenzig.bsky.social · Jul 10

Shipping costs are a key barometer for supply chain pressures. However, they are influenced by both demand and supply. How can we isolate the effects of an exogenous supply chain disruption?

Diego Känzig @dkaenzig.bsky.social · Jul 10

Very excited to present some new work on the macroeconomic effects of supply chain disruptions at the @nber.org SI, joint with my brilliant student Ramya Raghavan!

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Diego Känzig @dkaenzig.bsky.social · Jun 26

And the one and only @florinbilbiie.bsky.social is presenting our work on profits, inflation and aggregate demand: x.com/FlorinBilbii...

Florin Bilbiie 🇪🇺 🇺🇦 on X: "SED-ing in København, looking forward to the session on inflation this Friday, sharing it with an amazing group of economists. Presenting our paper with Diego @drkaenzig on Profits, Inflation, and AD (and "Greed?"). Sometimes misunderstood, hopefully increasingly less so :) https://t.co/w1hS1uB5Tt" / X

SED-ing in København, looking forward to the session on inflation this Friday, sharing it with an amazing group of economists. Presenting our paper with Diego @drkaenzig on Profits, Inflation, and AD (and "Greed?"). Sometimes misunderstood, hopefully increasingly less so :) https://t.co/w1hS1uB5Tt

x.com

Diego Känzig @dkaenzig.bsky.social · Jun 26

I also have wonderful co-authors presenting some new joint work. @adrienbilal.bsky.social is presenting a new project on climate change and monetary policy

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Diego Känzig @dkaenzig.bsky.social · Jun 26

Really looking forward to this year's #SEDmeeting
in Copenhagen. If you are around, check out this cool session on shipping trends and disruptions, happening this Saturday from 13:30 to 15:00:

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Reposted by Diego Känzig

Florian Scheuer @florianscheuer.bsky.social · Jun 2

We just finalized the program for this year's @nber.org Summer Institute session on Macro Public Finance:

www.nber.org/conferences/...

Join us on July 17!

@s-stantcheva.bsky.social @dirkkruegerier.bsky.social

SI 2025 Macro Public Finance

www.nber.org

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Diego Känzig @dkaenzig.bsky.social · May 22

Full paper here: dkaenzig.github.io/diegokaenzig...

Published version: www.aeaweb.org/articles?id=...

The Macroeconomic Effects of Oil Supply News: Evidence from OPEC Announcements

(April 2021) - This paper studies how changes in oil supply expectations affect the oil price and the macroeconomy. Using a novel identification design, exploiting institutional features of OPEC and h...

www.aeaweb.org

Diego Känzig @dkaenzig.bsky.social · May 22

These shocks have meaningful effects on oil prices and the macroeconomy: