Adrien Bilal (@AdrienBilal) / X

Adrien Bilal

302 posts

Adrien Bilal

@AdrienBilal

Assistant Professor @StanfordEcon.

sites.google.com/site/adrienbil…

Joined December 2020

Adrien Bilal
@AdrienBilal
Jan 12, 2021
When firms contract out activities, workers’ wages fall, but firms scale up and productivity rises. How are aggregate gains shared? Our new WP “Outsourcing, Inequality and Aggregate Output" w/ @hug0lhuillier finds that firms capture over 100% of gains. shorturl.at/fjBKN
Adrien Bilal
@AdrienBilal
Sep 20, 2021
Finally picked up my JMP “The Geography of Unemployment”! I show that high unemployment persists in cities because employers with unstable jobs inefficiently co-locate there. Place-based policies can improve local and aggregate prospects for workers. tinyurl.com/ayxbhrfm
Adrien Bilal
@AdrienBilal
Apr 7, 2023
Delighted to see "The Geography of Unemployment" go into print! In cities with elevated unemployment, firms offer jobs with low stability, and job loss is high. In a spatial search framework where firms choose their location, this observation calls for place-based policies.
QJE
@QJEHarvard
Apr 7, 2023
Recently accepted by #QJE, “The Geography of Unemployment,” by Adrien Bilal (@AdrienBilal): doi.org/10.1093/qje/qj…
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Adrien Bilal
@AdrienBilal
May 13, 2024
New paper with @drkaenzig showing that the Social Cost of Carbon is above $1,000/ton. Time series variation in global temperature implies 6x larger damages and more extreme events than panel variation in local/country-level temperature. shorturl.at/vxLO3
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Adrien Bilal
@AdrienBilal
Jun 12, 2023
New WP "Anticipating Climate Change Across the US" with @HansbergRossi. The costs of climate change are twice as large as previously thought after incorporating storms, floods and high spatial resolution, despite anticipation and adaptation. Link: tinyurl.com/z2z5t7w9
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Adrien Bilal
@AdrienBilal
Jun 25, 2023
Delighted that "The Geography of Unemployment" is in print!
QJE
@QJEHarvard
Jun 23, 2023
Replying to @QJEHarvard
#QJE Aug 2023 #4, “The Geography of Unemployment,” by Adrien Bilal (@AdrienBilal): doi.org/10.1093/qje/qj…
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Adrien Bilal
@AdrienBilal
Apr 12, 2023
If you have ever wondered how to conceptualize perturbations in HA models, take a look at "Solving Heterogeneous Agent Models with the Master Equation." It provides transparent, analytic formulae that can be interpreted and easily taken to the computer with standard tools.
NBER
@nberpubs
Apr 12, 2023
Presentation of an analytic representation of perturbations in heterogeneous agent economies with aggregate shocks using tools from the mean field games literature, from @AdrienBilal nber.org/papers/w31103
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Adrien Bilal
@AdrienBilal
Feb 21, 2023
Xavier Gabaix and I are hiring a pre-doc for 2023-2024 to work on macro, finance, spatial, behavioral and climate economics. Apply here if interested! tinyurl.com/ycksz5uy
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Adrien Bilal
@AdrienBilal
Feb 27, 2023
A phenomenal paper. My go-to example when I discuss how to write a great JMP with students.
Econometrica
@ecmaEditors
Feb 24, 2023
Why is job-loss so costly? When workers climb a job ladder with slippery bottom rungs, then job loss begets job loss. This generates an unemployment scar. econometricsociety.org/publications/e…
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Adrien Bilal
@AdrienBilal
Jul 16, 2021
Working w/ perturbations of HA models w/ aggregate shocks? (HANK, spatial/trade, labor market) New work using mean field games to obtain analytic results, streamline computation, and go to 2nd order, at 3pmET NBER SI Dynamic Eq. Models (EFSF). Livestream: tinyurl.com/bezk74c2
Adrien Bilal
@AdrienBilal
Mar 3, 2025
In "Some Pleasant Sequence-Space Arithmetic in Continuous Time" with Shlok Goyal we derive new formulas and algorithms to solve continuous time heterogeneous agent models with sequence-space methods. It is 3 times faster than discrete time! Code/github: shorturl.at/tcL7A
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Adrien Bilal
@AdrienBilal
Oct 7, 2024
Very grateful to @kielinstitute for having me in great company for the 2024 Excellence Awards with @EmilVerner @DianaVanPatten and @ChristianKWolf. Looking forward to the conference!
Kiel Institut
@kielinstitute
Oct 7, 2024
🎉 Excellence Awards 2024 - @AdrienBilal (@StanfordEcon, @cepr_org) will be recognized for his excellent research in the fields of Spatial Economics and Climate Change!🎉 🔸The award ceremony will take place at the 3rd Kiel-CEPR Conference on Geoeconomics in Berlin on October 18.
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Adrien Bilal
@AdrienBilal
May 19, 2025
Many thanks to @lemondefr and @Cercle_eco for having me in great company as nominee for the Prize of the Best Young French Economist, with @LMouysset and @Mathieu_Parenti! Huge congrats to @a_bergeaud for winning the prize!
Adrien Bilal : « Aborder le climat avec une perspective macroéconomique »
From lemonde.fr
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Adrien Bilal
@AdrienBilal
Apr 20, 2021
Excited to see our paper "Location as an Asset" with @HansbergRossi accepted at @ecmaEditors: credit constraints prevent low-wealth households from migrating to opportunity, because labor market benefits from locations build up slowly. What a delight to work with Esteban!
Esteban Rossi-Hansberg
@HansbergRossi
Apr 20, 2021
My paper “Location as an Asset” with @AdrienBilal just accepted at Econometrica (@ecmaEditors) Location is an asset with intertemporal costs and benefits that financially constrained agents can use to smooth consumption. And they do! What a pleasure to work with Adrien on this.