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Patrick Schneider

@patricksecon

Assistant Professor @ Imperial Business School, formerly LSE & Bank of England Macroeconomist interested in distributional effects of macro policy. patrickmschneider.com

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14.11.2024
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Latest posts by Patrick Schneider @patricksecon

Is the difference that there are two types of empirical paper you can write:
1. 'it would be so cool if x after y'
2. 'could be x or not x after y, I wonder which it is'
Latter is probably better for science, and null is publishable; the former don't admit nulls but more common for ? reasons

12.02.2026 13:40 πŸ‘ 3 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

But that’s not a bug. It’s a feature.

06.02.2026 19:52 πŸ‘ 1 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0
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a little girl is asking why not both while standing in a kitchen . ALT: a little girl is asking why not both while standing in a kitchen .
21.01.2026 14:32 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

Sahara desert also

14.12.2025 00:31 πŸ‘ 2 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

This is a feature of pretty much any technology that reduces the cost of doing x -> lowers the expertise threshold to participate; for another example see Lime Bikes

06.12.2025 11:12 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

Such a perfect dinner companion too RIP

21.11.2025 19:46 πŸ‘ 11 πŸ” 0 πŸ’¬ 2 πŸ“Œ 0

I’d love to see this chart too if you can share

19.11.2025 06:47 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

Also a reminder that β€˜joined up government’ sometimes means things like the Home Office giving dubious travel data to HMRC, so you just get β€˜joined up dysfunction’

30.10.2025 07:56 πŸ‘ 66 πŸ” 7 πŸ’¬ 1 πŸ“Œ 0
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Jaw-dropping reporting by Haaretz www.haaretz.com/israel-news/...

27.06.2025 10:29 πŸ‘ 2142 πŸ” 1199 πŸ’¬ 86 πŸ“Œ 141
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Diabolus Ex Machina This Is Not An Essay

AI is getting to be as smart as a PhD - the kind of PhD who would fabricate all the data for a research paper on the impact of AI.

amandaguinzburg.substack.com/p/diabolus-e...

04.06.2025 08:09 πŸ‘ 4 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0
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Don’t Fall For Elon Inc.’s Press Campaign We’re in the midst of a storm of articles β€” variously encomiums,...

As I note here, really zero reason to believe Elon is stepping away from anything. This is all a crisis comms campaign. talkingpointsmemo.com/edblog/dont-...

30.05.2025 19:08 πŸ‘ 1386 πŸ” 352 πŸ’¬ 51 πŸ“Œ 21

The tragic landslide in Blatten gives me the excuse to tell you the story of how we found out Ice Ages existed. It's a cool story and the most important bit is rather similar to what's happening now.

29.05.2025 19:49 πŸ‘ 956 πŸ” 416 πŸ’¬ 26 πŸ“Œ 97

You should team up with Matt Levine: everything is either a bank or securities fraud (and why not both?)

27.05.2025 21:51 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

One of the central points in Plato’s Republic, isn’t it?

27.05.2025 11:32 πŸ‘ 5 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

The real problem with the Supreme Court’s expected Fed carve out is not that it lacks a principle but that the real principle isn’t articulated. The reason it will carve out the Fed is functional but it won’t say that. And its jurisprudence doesn’t leave room to ventilate the functional arg.(1/8)

24.05.2025 11:18 πŸ‘ 877 πŸ” 177 πŸ’¬ 29 πŸ“Œ 12
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A man named Elias Rodriguez just shot dead two Israeli embassy staffers at a Jewish museum in DC, shouting β€œfree Palestine!”

An awful, criminal act that puts Israel back in a victim position. I’ve never seen a just cause attract such a high % of counterproductive β€œallies.” 🧡

22.05.2025 06:20 πŸ‘ 75 πŸ” 9 πŸ’¬ 2 πŸ“Œ 3

Sigmund Freud’s β€˜psychology’ is still getting parents in hot water

21.05.2025 11:25 πŸ‘ 2 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
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In this paper my coauthor and I find you can’t rationalise mandatory contributions and tax concessions as an optimal policy *unless* the concessions solve a political problem (in our paper, they’re necessary to get new workers to opt into the system)

tinyurl.com/mr8y9ph9

17.05.2025 05:34 πŸ‘ 3 πŸ” 2 πŸ’¬ 0 πŸ“Œ 0

Why? As OP notes you can’t give the whole of society a tax break. Concessions on retirement contributions just mean higher taxes on something else -> optimal choice depends on the marginal social impact of each of these two taxes

17.05.2025 05:34 πŸ‘ 1 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

Correct take. If it’s good to force people to save for retirement, we don’t need to also compensate with tax breaks.

This is true even if we’re only trying to force some people to save (eg because they have present bias)

17.05.2025 05:34 πŸ‘ 5 πŸ” 1 πŸ’¬ 1 πŸ“Œ 0
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Trump administration working on plan to move 1 million Palestinians to Libya Details are murky and no final agreement has been reached, but the plan is under serious enough consideration that the administration has discussed it with Libyan leadership.

My god. What an abomination. www.nbcnews.com/politics/nat...

16.05.2025 21:16 πŸ‘ 653 πŸ” 239 πŸ’¬ 39 πŸ“Œ 33

That’s a remarkable level of hubris if so. The UK’s sluggish productivity growth was the main economic issue before being eclipsed (in the news) by Brexit and Covid

16.05.2025 11:08 πŸ‘ 1 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0
16.05.2025 10:23 πŸ‘ 76 πŸ” 17 πŸ’¬ 0 πŸ“Œ 0

Which is stunning, given how their campaign promises all hinged on those unplanned policies getting growth going again

16.05.2025 10:33 πŸ‘ 4 πŸ” 0 πŸ’¬ 2 πŸ“Œ 0

The ISA landscape is so confused.

Exhibit 2: one of the main types of ISA is called β€˜Stocks and Shares ISA’. Two words for the same security.

16.05.2025 07:59 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
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UK ministers consider cutting tax-free cash Isa allowance City groups think such a move will attract money into equity funds and domestic shares

The ISA landscape is so confused.

Exhibit 1: you can keep funds in cash within a stocks and shares ISA. Removing the Cash ISA would just preference one type of institution over another (banks).

on.ft.com/4mjY2ZI UK ministers consider cutting tax-free cash Isa allowance

16.05.2025 07:58 πŸ‘ 1 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

yeah on second glance I was wrong - the surpluses of the other countries add up to more than the UK and US deficits, so your OP was the right interpretation; apologies

14.05.2025 09:47 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

The US’s deficit is the bit that’s unexplained by the bars in the graph

14.05.2025 06:28 πŸ‘ 0 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

Can confirm from my own experience - we always put my name first, but the doctor & school always call my wife first.

From the abstract: "Our findings underscore a process through which agents outside the household contribute to within-household gender inequalities." Indeed.

12.05.2025 10:50 πŸ‘ 4 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
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Who You Gonna Call? Gender Inequality in External Demands for Parental Involvement Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

New NBER WP by @kbuzard7.bsky.social @laurakgee.bsky.social and @olgastoddard.bsky.social finds mums are 1.4x more likely than dads to get a callback from schools, despite no request for the skew.

12.05.2025 10:50 πŸ‘ 5 πŸ” 3 πŸ’¬ 1 πŸ“Œ 1