Zac Gross
@zacgross.bsky.social
350 followers 230 following 33 posts
Australian macroeconomist
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zacgross.bsky.social
Cool figure. Kinda wish they weighted it by head count/revenue.
zacgross.bsky.social
Just current flows I think.
zacgross.bsky.social
If you get a Powerpal they will give you an estimate.

They are owned by Amber, but clearly not fudging the numbers in my case!
zacgross.bsky.social
Ha of course you are!

All depends on the marginal cost of asking your spouse to turn off the heater/aircon when it spikes to $10,000. Highly variable!
zacgross.bsky.social
My understanding is that this is not correct? Batteries often have payback periods longer than their lifespan (though it varies by state)

Panels in their own is entirely a load shifting question - which can be done for zero fixed cost with many “free power at lunch” plans
zacgross.bsky.social
Has total cost declined? Seems maybe no!
zacgross.bsky.social
I was skeptical but it turns out cost of living subsides do affect underlying inflation rates!

The trimmed mean can still be substantially affected, but the weighted median is relatively unbiased
Reposted by Zac Gross
zacgross.bsky.social
Which specific part of the NAIRU equation(s) do you disagree with?
zacgross.bsky.social
There have been two economic charts going semi-viral— or at least what counts as viral for ABS statistics—in the past couple of weeks.

Both claim to show a dramatic fall in living standards in Victoria and Australia. Both are wrong.

gross.substack.com/p/mean-charts
Mean Charts
On Wednesdays we calculate the median wage statistics
gross.substack.com
zacgross.bsky.social
3 year terms often get criticised for undermining long term reform. But IMO lots of the legislation wouldn’t have passed this week if the non government parties didn’t have the impending election in mind…
zacgross.bsky.social
Of course. Neither do I!

I guess I more meant hot takes that have since cooled (or gotten hotter!)
zacgross.bsky.social
A permanent rise is not yet price in IMO.

Blanket 25% both eliminates favour trading and would be quite unpopular. Unlikely to stick long term IMO.
Reposted by Zac Gross
studonovan.bsky.social
In this working paper that was published today, Matthew Maltman and I review some of the economic evidence on the effects of ✨upzoning✨in Auckland in 2016.

tldr: We find remarkably robust evidence that upzoning led to more housing and lower rents in Auckland. Wow!
www.motu.nz/our-research...
zacgross.bsky.social
He picked Powell in the first place because he couldn’t trust his lackeys not to veer off into hawkish conservatism!
zacgross.bsky.social
My point is public demand doesn’t include transfers, obviously a big deal in the past few years!
zacgross.bsky.social
Is this really the right measure of stimulus? Budget deficits paint a very different picture.
zacgross.bsky.social
What were your biggest forecast misses through the year and why?
Reposted by Zac Gross
mattyglesias.bsky.social
They should just rename vaccines “supplements” so everyone will like them.
zacgross.bsky.social
The IRA though has been greatly stymied by permitting rules and regulations!