assistant finance prof at The Ohio State University, UChicago @ChicagoBooth PhD, dad, husband, math nerd, sci fi aficionado
Joined January 2022
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Carter Davis retweeted
The Nobel this year is a Dutch economist ๐ณ๐ฑ, French economist ๐ซ๐ท, and Canadian economist ๐จ๐ฆ, where 3/3 received US ๐บ๐ธ phds, 2/3 are working in US ๐บ๐ธ universities, benefiting US students. That is the magic of the US: we attract the best and benefit from their work!
BREAKING NEWS
The Royal Swedish Academy of Sciences has decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Joel Mokyr, Philippe Aghion and Peter Howitt โfor having explained innovation-driven economic growthโ with one half to Mokyr โfor having identified the prerequisites for sustained growth through technological progressโ and the other half jointly to Aghion and Howitt โfor the theory of sustained growth through creative destruction.โ
#NobelPrize
Carter Davis retweeted
Wait, retail shopping isn't dead? ๐คฏ
1. Offline spending on consumer packaged goods (CPG) was flat from 2006-2016
2. Yes, online is growing. To a whole 3%! It's just not that big to matter for aggregate trends.
Super interesting paper from Uyen Tran. dropbox.com/scl/fi/73pozfv0fโฆ
Carter Davis retweeted
Really interesting paper out by @EconTraina et al answering the "profit puzzle" IE why a rising spread between the risk free rate (falling) and the return on capital (flat). Some have argued this was market power (nope), but the answer is surprising:
frbsf.org/research-and-insigโฆ
Carter Davis retweeted
Privately held firms have higher returns than publicly traded firms. Why is this?
They are either taking greater risks or gaining market power.
My work with @EconTraina @CarterDavisFin and @ASollaci is now published!
Profits for publicly traded corporations over the last 40 years have fallen, while those for privately held companies seem to have increased substantially. Our Letter looks at capital costs and returns and how market trends may overlook the entire economy. sffed.us/45rQWKK
Carter Davis retweeted
Student: Will the exam be open-book or closed-book?
Topology professor: Well actually
Carter Davis retweeted
I want to advise professional athletes on managing their money - for free - as my research on intergenerational wealth goes along with a curiosity to hear their perspective on this. Letโs see if anyone can connect me, or just like/retweet until it happens!
Carter Davis retweeted
I had more fears than I could count before coming to UChicago but theyโve all been unfounded. Iโve met some of the best people here, the dept has been supportive and helpful. The place has changed a lot in the last few years. I wouldโt let an outdated reputation hold you back.
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Carter Davis retweeted
"Math is for smart people", wrong. Math is for people who like to be confused a lot, and who like to think a lot.
Carter Davis retweeted
I feel like my ideal research output mix for personal happiness is something like ~50% full-length articles, ~50% AER-insights-length, overviews, short notes, and other stuff like that. Like the long format is useful for some things but a lot of stuff also fits shorter format
Carter Davis retweeted
Last January, I noticed something peculiar in my 2yoโs bedroom that - after a year of obsessive reporting - led me to a profound cosmic revelation about whatโs even possible in our universe. A ๐งต.
ALT The moon with a rocket landed in its eye. The most iconic shot of 1902 sci-fi film Le Voyage Dans La Lune.
Carter Davis retweeted
You cannot send aid for decades to a country without relaxing the de facto government's budget constraint. Money is fungible. Governments have 1 budget constraint and a bunch of objectives. If you help them meet one objective, that leaves more dollars for others.
Carter Davis retweeted
OK John von Neumann, a machine cannot make a correct non-empty list of things that machines cannot do.
Carter Davis retweeted
What role does structural change play in the fall of the US labor share? ๐งต 1/n
Ben Bridgman (@BenBridgmanEcon) and Berthold Herrendorf offer an illuminating framework built on Input-Output links in their ๐จ new draft ๐จ!
dropbox.com/scl/fi/he0m428jxโฆ
Carter Davis retweeted
Why don't we just run Gale-Shapley (with AEA as the matchmaker)? Is the implementation too cumbersome? (Originally, @CarterDavisFin's Q)
Carter Davis retweeted
Public-firm profit rates have fallen a lot since 1980!
w/ @CarterDavisFin and @ASollaci
m.youtube.com/watch?v=Sgu3-Eโฆ
Carter Davis retweeted
It has been great to present our work on โProfit Puzzlesโ on the NBER SI this week. Full presentation is online now (youtube.com/nbervideos) with slides (dropbox.com/scl/fi/filbktjj2โฆ).
But here are the highlights:
@EconTraina @CarterDavisFin
Carter Davis retweeted
We are excited to announce the ๐๐ง๐ ๐๐จ๐ฅ๐๐๐ง ๐๐จ๐ง๐๐๐ซ๐๐ง๐๐ ๐ข๐ง ๐
๐ข๐ง๐๐ง๐๐ ๐๐ง๐ ๐๐๐๐ฅ ๐๐ฌ๐ญ๐๐ญ๐ on September 28-30, 2023. Please submit your papers and come and enjoy the beautiful fall foliage on the @IUBloomington campus. gokelley.iu.edu/holden-confeโฆ
