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Monthly Archives: March 2023

LocalView

LocalView is a database co-created by Soubhik Barari and Tyler Simko to advance the study of local government in the United States. “We introduce LocalView: a comprehensive dataset of over 100,000 real-time U.S. local government public meeting videos from 1,000+ localities (and counting). If the last few years have taught us anything, it’s that attention,… Continue Reading

WHO recommends COVID-19 boosters for high-risk adults 6-12 months after last dose

CBC: “The World Health Organization has tailored its COVID-19 vaccination recommendations for a new phase of the pandemic, suggesting that healthy children and adolescents may not necessarily need a shot but older, high-risk groups should get a booster between six-to-12 months after their last vaccine. The UN agency said the aim was to focus efforts on… Continue Reading

New report from OpenAI finds that higher-income jobs are most exposed to GPT

Working Paper – GPTs are GPTs: An Early Look at the Labor Market Impact Potential of Large Language Models, March 27, 2023. “We investigate the potential implications of large language models (LLMs), such as Generative Pre- trained Transformers (GPTs), on the U.S. labor market, focusing on the increased capabilities arising from LLM-powered software compared to… Continue Reading

The Nightmare of AI-Powered Gmail Has Arrived

New York Mag – The Intelligencer: “With the release of tools like DALL-E and ChatGPT, Google — once the presumptive industry leader in artificial-intelligence research — suddenly finds itself playing catch-up. The rise of OpenAI was reportedly a “code red” emergency at the company, which had quietly been working on, but not really releasing, similar… Continue Reading

Hello Dolly: Democratizing the magic of ChatGPT with open models

databricks: “We show that anyone can take a dated off-the-shelf open source large language model (LLM) and give it magical ChatGPT-like instruction following ability by training it in 30 minutes on one machine, using high-quality training data. Surprisingly, instruction-following does not seem to require the latest or largest models: our model is only 6 billion… Continue Reading

Loose Monetary Policy and Financial Instability

Via NBER – Loose Monetary Policy and Financial Instability. Maximilian Grimm, Òscar Jordà, Moritz Schularick & Alan M. Taylor “Do periods of persistently loose monetary policy increase financial fragility and the likelihood of a financial crisis? This is a central question for policymakers, yet the literature does not provide systematic empirical evidence about this link… Continue Reading

Nearly 200 Other Banks Vulnerable To SVB-Style Collapse

Jiang, Erica Xuewei and Matvos, Gregor and Piskorski, Tomasz and Seru, Amit, Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs? (March 13, 2023). Available at SSRN: https://ssrn.com/abstract=4387676 or http://dx.doi.org/10.2139/ssrn.4387676 “We analyze U.S. banks’ asset exposure to a recent rise in the interest rates with implications for financial stability. The… Continue Reading

Visualizing Political Bias in Bicameral Legislatures

The Economist – See the visualization here: “Left-of-centre Americans often bemoan their country’s Senate, in which each state gets two seats regardless of population. This has always given the least populous states extra sway in the upper chamber of Congress. But in recent years, smaller states have become more Republican, and Democrats have called for… Continue Reading