The official account of the Stanford Institute for Economic Policy Research, @Stanford's home for addressing economic policy challenges around the globe.
Stanford, CA
Joined August 2015
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What happens to the US economy if the AI bubble bursts? Lots of people think the pain would be akin to the dot-com bust: shallow & short-lived. SIEPR's @econJaredB + @weakinstrument run the numbers in the @nytimes and explain how this time could be so, so much worse. More in 🧵👇
2 key reasons why an AI bubble burst wouldn't be like the dot-com crash in 2000, write Jared Bernstein and Ryan Cummings:
1) The US economy overall is more fragile today. Hiring and wage growth are sluggish. Interest rates have less room to fall, limiting the @federalreserve's ability to respond to a crisis. And in 2000, the US benefited from a budget surplus; today, there's a massive deficit.
2) The AI bubble is MUCH bigger than the internet bubble: The stock market is now 240% of GDP, compared to 160% back then.
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🏥 Will AI replace doctors? New research from SIEPR's @MariaAPolyakova identifies which specialties are potentially at risk, which ones are not. Short answer: Primary care MDs & others whose work requires less physical contact with patients are likely most at risk. More ⤵️
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🌍 A bright spot in an uncertain world? Sub-Saharan Africa, where GDP is growing at 4.5% a year. That's the fastest pace in a decade. We recently hosted a Policy Forum on the opportunities + challenges ahead. The insights are worth your time. Link to event recap + videos ⤵️
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Recap + full video recordings of the SIEPR Policy Forum, "Unlocking Africa's Potential": siepr.stanford.edu/news/afri…
Stanford Institute for Economic Policy Research retweeted
Catch me at 2:15 PT on @MTSlive discussing my recent research with @SIEPR on jobs in the data center supply chain and my @FT oped on why the US needs a social compact that allows us to build data centers in ways that achieve our goals for clean energy abundance, jobs, and economic growth!
ft.com/content/a1b2bdd8-212c…
We are LIVE with a new schedule today at MTS, and starting out the day with some great interviews & an overview of news across the tech industry led by our host Sophia Dew:
- @joshgruenstein Co-founder and CEO at Tutor Intelligence talking about the $75 million Series B led by a16z and scaling warehouse robot workers
- @gtwhitesides Congressman for California's 27th District talking about his bipartisan AI bills on kids and companion chatbots and monitoring self-improving AI
- @luke_alvoeiro Member of Technical Staff at Factory talking about Droid 1.0 and the future of autonomous software development
- @rfradin Co-founder and CEO at Larridin talking about their $30 million Series A fundraise and more
Followed by our afternoon coverage from 1pm onwards with Theo Jaffee, starting with state of the timeline & then more great interviews:
- @herbiebradley AI researcher and writer talking about recursive self-improvement after Anthropic's amended IPO filing
- @joshzoff Partner and Head of Research at CIV talking about how the AI data center buildout supports American manufacturing jobs
- OpenAI's new LifeVal benchmark for real world tasks
- Discussing Rikiya Takehi's new paper on 'Weight-Space Programming'
- Marvell's $115 billion acquisition of Lumentum
- Anthropic's latest S1 financials
As banks turn to AI to figure out how they might game financial regulations, it's time for the @federalreserve and other supervisors to embrace AI, too, writes SIEPR's Amit Seru in the @FT. Gift link👇
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🥳 Exciting day as @AdrienBilal joins fellow honorees at the Time100 Next 2026 gala tonight in NYC! The magazine named Bilal, SIEPR faculty fellow & @StanfordEcon, one of the world's most influential rising stars for his work on the long-run costs of climate change. Read👇
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.@TIME on Bilal's influential research:
time.com/collection/time100-…
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🗳️The entire country is watching to see if California voters will soon approve a proposed one-time, 5% tax on the state's wealthiest residents. Want to know what the fuss is all about? Tune into this fiery SIEPR Economic Summit debate, linked in 🧵 below. #Prop40 #BillionaireTax
🥳 Big news: We just learned that Our Econ To Go podcast has won Gold at the Signal Awards in the Education category! That's three awards from Season 1 alone! Catch up on episodes before Season 2 drops in November: siepr.stanford.edu/news/podc…
🚼 For too many American families, finding #affordablechildcare is a serious problem. With policymakers across the country looking for solutions, @SIEPR's new Stanford Childcare Model helps them evaluate the effects of key reforms. Check it out: siepr.stanford.edu/policymod…
Are AI data centers key to reviving US manufacturing? Today's investment in data center buildouts = at least 304,000 new jobs at suppliers nationwide, with more gains likely to come; SIEPR Policy Brief by @joshzoff & Ben Sampson. More on the numbers + the policy opportunity: tinyurl.com/3v2jsy88
Grateful to @JensenHuang for his timeless wisdom at the SIEPR Economic Summit! Watch the @nvidia CEO's full conversation here: youtube.com/watch?v=cEg8cOx7…
