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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Jul 13

On my way back from the NBER Summer Institute, where I had the pleasure to present my work with Anton Nakov on Business Cycles with Pricing Cascades

Many thanks to the organisers for including the paper!

Video 🔗: shorturl.at/amCAj

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Reposted by Mishel Ghassibe 🇺🇦

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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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Jun 25

On my way to Copenhagen for the Society for Economic Dynamics (SED) Annual Meeting!

Look forward to presenting at 9:00am on Friday, July 27th in an exciting session on Inflation Dynamics with Networks and Firm Heterogeneity, w/ Vincent Sterk and Simone Lenzu.

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Jun 21

Excited to be in Split, Croatia for the 2025 NBER ISoM!

Great program complementing an equally fascinating location.

🔗 www.nber.org/conferences/...

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Jun 20

Joint work with Boromeus Wanengkirtyo and @iyotzov.bsky.social

Link: www.bankofengland.co.uk/working-pape...

Intertemporal pass-through

Staff working papers set out research in progress by our staff, with the aim of encouraging comments and debate.

www.bankofengland.co.uk

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Jun 20

🌟NEW PAPER🌟

Forward-looking inflation is central to monetary economics

A micro building block of such foresight is Intertemporal Pass-Through (iPT): the sensitivity of firms' *current* reset prices to *expected* marginal costs

We estimate iPT and find it consistent with sticky-price models

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Jun 6

Great two days at the BSE Summer Forum Worksop on “Networks and Firm Heterogeneity in Macro and Trade”, which we organised with Alessandro Ferrari

Many thanks to all the participants for the great presentations!

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Jun 2

Excited to be at Yale for the next couple of days, presenting at the Cowles Summer Conference on Macroeconomics.

Many thanks to Fernando Alvarez and Joel Flynn for putting together such a great event.

2025 Conference on Macroeconomics

cowles.yale.edu

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Jun 2

Even the border officer at Newark is concerned by the fact that the third chapter of my PhD dissertation is still unpublished

A sign from above

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · May 28

At the same time, interaction of networks with demand shocks produces a realistically flat Phillips Curve!

Unlike in standard models, substantial money non-neutrality and strong inflationary episodes co-exist WITHOUT the reduced-form markup shocks.

Comments welcome!

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · May 28

Interaction of pricing cascades with supply shocks is key for explaining the observed patterns in the post-Covid era!

Feeding in the observed shocks to energy and food prices (only TWO sectors) explains AGGREGATE inflation and adjustment frequency in the Euro Area

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · May 28

KEY: networks interact differently with supply and demand shocks

SUPPLY: networks *strengthen* cascades, creating a reinforcing double whammy of increases in inflation and frequency

DEMAND: networks *dampen* cascades, generating mild inflation and strong money non-neutrality

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · May 28

Combine three minimal ingredients to rationalize observed patterns:

1⃣Multi-sector setup with production networks
2⃣State-dependent pricing
3⃣Fully non-linear solutions

The interaction of the three creates a novel channel of non-linearity in inflation dynamics: pricing CASCADES

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · May 28

🌟NEW PAPER w/ Anton Nakov

Recent episodes have taught us a lot about inflation:
1⃣Surges can be large even in adv. economies
2⃣Adjustment freq.⬆️ is a key micro channel
3⃣Sectoral shocks can drive aggregates

Need a new model to analyze such patterns!

🔗shorturl.at/CySIs

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · May 19

We started a project with Marcus and Anton Nakov a few months ago, and have had some extremely thought-stimulating calls.

Perhaps the most vivid memory is from a call on Dec 24th, when after an almost 3-h brainstorm we got the code to run. We called it a Christmas miracle!

RIP Marcus

Kurt MIT-shock-man @sorrytobekurt.bsky.social · May 19

With great sadness, I announce the passing of my co-author and friend, Marcus Hagedorn. His acerbic wit was as sharp as the vision of Toni Kroos. He attacked big research questions like he tackled the mountains of Mallorca on his bike. He will be missed.

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Apr 12

Europe Must Move Faster to Defend Itself | by Anastassia Fedyk, Yuriy Gorodnichenko and Ilona Sologoub - Project Syndicate

Anastassia Fedyk, Yuriy Gorodnichenko and Ilona Sologoub outline four steps European leaders can take to accelerate rearmament and mitigate the Russian threat.

www.project-syndicate.org

Reposted by Mishel Ghassibe 🇺🇦

Maria Avdeeva @mariainkharkiv.bsky.social · Apr 4

Parents sit by the body of their 15-year-old son…
Russian ballistic strike on Kryvy Rih killed 14 people today, including 6 children. Right next to a playground.

Who still dares to “understand” Russia after this massacre?

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Feb 28

Peace through strength.

The strength you need to stand up to bullies.

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Feb 24

Just a few days left to submit to our Workshop on Networks and Firm Heterogeneity in Macro and Trade!

Deadline: Friday February 28th

We look forward to seeing you in Barcelona in June ☀️

Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Jan 29

🌐Are you researching firms or networks in macro or trade?

🎯Then submit your paper to our BSE Summer Forum Workshop (w/ @aferrari.bsky.social)!

✨Keynotes: Pol Antràs, Jennifer La'O

⏰Deadline: Feb 28

Funded by @cienciagob.bsky.social @snsf-ch.bsky.social

events.bse.eu/live/files/5...

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Feb 24

“Let Americas and Russias be silent, when I am talking to you!”

Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Feb 22

Ти ще виболюєшся болем,
ти ще роздерта на шматки,
та вже, крута і непокірна,
ти випросталася для волі,

ти гнівом виросла. Тепер
не матимеш од нього спокою,
йому ж рости і рости, допоки
не упадуть тюремні двері.

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Jan 29

🌐Are you researching firms or networks in macro or trade?

🎯Then submit your paper to our BSE Summer Forum Workshop (w/ @aferrari.bsky.social)!

✨Keynotes: Pol Antràs, Jennifer La'O

⏰Deadline: Feb 28

Funded by @cienciagob.bsky.social @snsf-ch.bsky.social

events.bse.eu/live/files/5...

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Jan 16

Silencio!

RIP David Lynch

Variety @variety.com · Jan 16

David Lynch, Visionary Director of ‘Twin Peaks’ and ‘Blue Velvet,’ Dies at 78 variety.com/2025/film/ne...

David Lynch, Visionary Director of ‘Twin Peaks’ and ‘Blue Velvet,’ Dies at 78

Director David Lynch, who radicalized American film with with a dark, surrealistic artistic vision in films like 'Blue Velvet,' has died. He was 78.

variety.com

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Dec 22

Strength. Pride. Glory.

USYK 🇺🇦💪🏼

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Mishel Ghassibe 🇺🇦 @mickeygb.bsky.social · Dec 12

Team #Ukraine at the SED in Buenos Aires!

Thanks Fabio Ghironi for all his consistent 🇺🇦 support

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