Tatonnement

Not too much action I've heard of this year - Aguiar (to Chicago) and Lorenzoni (reneging on Northwestern) have already been mentioned. Several other offers outstanding at top places, but no movement as of yet. However there are two big hires in cheeseland: Ken Hendricks (currently at Texas) and Lones Smith (Michigan) are going to Wisconsin.

[Deleted]

Randy Wright to Wisconsin.

From the job market rumor board: Vincent Crawford (UCSD), Paul Beaudry (UBC), Debopam Bhattacharya (Dartmouth), and Peter Eso (MEDS) all to Oxford. I'd heard about Crawford but not the others. Can anybody confirm? Also wild rumors there about Randy Wright maybe being on the move. Stay tuned...

It's true that at most schools Associate is a tenured position, but that's not true universally. I believe MIT is that way, as is Chicago (or at least Booth/GSB), Carnegie, and a few others. So I think declining to offer tenure in response to a tenured outside offer is indeed a negative signal.

Yes, it is confirmed. You may have heard rumors previously, but the decision was just made recently.

Latest I've heard: Yuliy Sannikov to Princeton (from UC-Berkeley and NYU)

Very interesting about Tsyvinski... Do you know anything about Golosov? Does Yale have an offer out to him?

Maybe 5 years ago... neither Keane nor Rust are at Yale anymore.

Carnegie is much better than Illinois in macro. For monetary, you have McCallum & Goodfriend, for macro theory there is Sleet & Yeltekin, for macro finance you've got Zin & Telmer. These are off the top of my head... Illinois is a fine place, but Carnegie is much stronger.

No...

I disagree. In terms of placements, BU had one student go to Northwestern a couple years ago. (I think that's the only BU student my department has even interviewed in the last 5 years...) What are their top placements beyond that? In the same span Wisconsin has placed students at Yale, Penn, LSE, Berkeley, UVA, UCSD, and one student this year is going to Northwestern. Overall Wisconsin is a stronger department. I don't think either are terribly strong in finance, and in macro Wisconsin is a bit better. (The UCSD placement was macro.)

Stanford macro is probably better than it has been in a while, but the recent history is not good. (I.e. Sargent leaving, Kocherlakota leaving after 1 year...) Word is that macro is not valued highly within the department and this gets reflected in hiring. Princeton is down in macro for the moment. It's still a very good group: Sims, Benabou, Krussell, Kiyotaki, Watson, Rossi-Hansberg. But in the last couple years they've lost Svensson, Parker, Williams, and Reis. Look for them to make offers next year.

The news keeps coming...latest is Ricardo Reis going to Columbia (from Princeton).

I think Levine will be as Wash U for a while. I believe he sold his house in LA and owns one in St Louis. A couple people mentioned the Berkeley issue -- look again that the Economic Principals piece for more rumors about potential moves. One more recent tidbit: Monika Piazzesi and Martin Schneider are presumably going to Stanford. They've been visiting the Minneapolis Fed (her from Chicago GSB, he from NYU) and were rumored to be on the way to Princeton, but now seem to be headed to Stanford.