Insider here: interviews are much worse than last year (BOTH in terms of quality and quantity). Given couple of years of data on interview->flyout, I can see that this year will be the worst. Not that it was ever super good...
Penn macro sucks once more this year
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I donot think faculties really push these candidates.
Insider here: interviews are much worse than last year (BOTH in terms of quality and quantity). Given couple of years of data on interview->flyout, I can see that this year will be the worst. Not that it was ever super good...
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Money search is boring and no one cares about it outside Penn and some Penn graduates. Randy Wright did destroyed macro there and then left to WI. It will take time to repair this damage.
The profession is trying to figure out how to structure models that enable good analyses of the economy and those guys are keep dealing with the question "why do people hold money?". The answer: "there are a buyer and a seller and the seller in one market asks for cash, not credit, in exchange of his goods." WOW, I didn't know that! They have been working around this idea for 20 years, each time adding something small, but without any real substance in my opinion.
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grammar bro....
He is not bad I think. 1 j of econometrics by himself. Working hardly.
Noone looks great (including macro econometrics students of Schorfheide, Jesus, etc.).
I'm obviously excluding empirical micro students of the Wolpin-Todd team. Theory is also good. -
Care to elaborate?
Given the 2nd year topics class they have, speakers they invited in seminar and the culture in their lunch talk, it is not surprising at all.
Maybe the choice of topics is what hurts Penn students on the market this year. Topic matters big time.