Luis Garicano 🇪🇺🇺🇦 @lugaricano@respublicae.eu
Unofficial automated mirror. No copyright asserted. ∎ Economist. Back at LSE as a Professor at @LSEPublicPolicy Summer 2023. Non-resident Fellow @bruegel_org. Recovering MEP. Currently @ChicagoBooth.
Joined Apr 2022
Indicadores de recesión *severa* en la eurozona.
RT @RobinBrooksIIF: Deep Euro zone recession is coming. This is what's going on with manufacturing in the two biggest Euro zone economies: Germany (lhs) & France (rhs). Forward-looking orders - inventories (blue) are down to 2008 levels & headline indices (black) are following those down rapidly...
RT @alvaronieto: Este gráfico es muy elocuente sobre la que se nos avecina…
La espectacular curva de aprendizaje de la energía: el coste por vatio desde 1976 se ha dividido por 30 desde 1976-de $100 a 30 centavos. Estamos ya en precios competitivos con las energías fósiles (sin subsidio), y seguimos. España será gran beneficiaria.
RT @solar_chase: This is the PV experience curve. My team and I have been maintaining this version since 2007. I reckon I'm a bit of an expert on it.
The thing about the law of t…
RT @lugaricano: ¿Ha aumentando la cantidad de trabajo (medido en horas trabajadas) que se hace en nuestra economía desde que entró este gobierno en mayo del 2018?
No (línea roja). Fuente: INE, contabilidad nacional.
¿Ha aumentando la cantidad de trabajo (medido en horas trabajadas) que se hace en nuestra economía desde que entró este gobierno en mayo del 2018?
No (línea roja). Fuente: INE, contabilidad nacional.
¿Por qué el mejor octubre del milenio, incluida la burbuja?
La maravillosa contabilidad del gobierno: los fijos discontinuos no aparecen como parados cuando dejan de trabajar.
(¡Tampoco como temporales cuando trabajan!)
UBS chairman has not developed the sense of shame.
"We are not reading the American press, we are very pro-China."
RT @xinwenfan: Kelleher seems to have tried to emphasis on opening up Zero-Covid. Would he get what he wishes in this approach echoing Fang Xinghai, rhetorically or not?
Postmaterialismo, otra vez: Bolsonaro avanzó en los lugares más pobres y menos blancos, Lula (con respecto a Hadad) en los en los lugares más ricos y más blancos.
RT @davidshor: Mirroring trends seen elsewhere in the world, Lula gained the most ground relative to Hadad on Sunday in richer, whiter parts of the country.
Bolsonaro did worse in most of the country but still managed to outperformed his 2018 vote in the poorest and least…
RT @masuch_klaus: Thanks @HannoLustig. Does the Fed, due to large reserves (, slow QT) and higher rates, now create a kind of FISCAL stimulus (higher consolidated public debt) that may partly counteract the MONETARY tightening? A side effect of past QE? @JohnHCochrane @lugaricano @Francesco_Bia
For the record, I do not agree with Martin's characterization: US/Europe is under no obligation to provide technology that will be used against us in case of a conflict. Mr. Xi has made clear conflict (an invasion of Taiwan) is in his mind.
RT @lugaricano: Dark article by @martinwolf_ about how the current era of globalization will end: with war, he fears, most likely nuclear war.
Calls recent US decisions blocking exports of semico…
Dark article by @martinwolf_ about how the current era of globalization will end: with war, he fears, most likely nuclear war.
Calls recent US decisions blocking exports of semiconductor to China "an act of economic warfare" (gated: https://on.ft.com/3T06kGe)
I am stunned and saddened to learn about the death of Denis Gromb. A wonderful, warm person, and an excellent economist. He has left us way too early. My sincere condolences to his friends, colleagues at @hec and family.
#EconTwitter
RT @AmitEcon: After many years! Zeroes in microeconomic data remains a challenging problem despite advances in selection bias and censoring. I'd love to say we cracked this problem for demand estimation, but really the paper is just a start. Hope others can help us continue to illuminate.
An excellent visual explanation by the @Guardian of what happened in Korea. See this chart in particular: a change from aproximately 4 to 6 individuals per square meter changes us from behaving like people to behaving like fluids
https://www.theguardian.com/world/2022/oct/31/how-did-the-seoul-itaewon-halloween-crowd-crush-happen-unfolded-a-visual-guide
Apple's $275bn bet on China looks worse every day. Prison conditions for labor, child labor, technology transfer...
RT @StephenMcDonell: Workers have broken out of #Apple’s largest assembly site, escaping the Zero #Covid lockdown at Foxconn in #Zhengzhou. After sneaking out, they’re walking to home towns more than 100 kilometres away to beat the Covid app measures designed to control people and stop this. #China
As a way to explain how it (does not) functions, the ESM uses a set of gears that actually cannot turn. A good metaphor for this intricate mechanism that, in practice, has proven to toxic to use by European governments?
RT @JohnHCochrane: The Grumpy Economist: Economics Art https://johnhcochrane.blogspot.com/2022/10/economics-art.html?spref=tw
The @bbc, finally, facing the Brexit reality: getting out of a Customs Union and Single Market and rasing non tariff barriers is economically very damaging. Who would have thought?
RT @BBCRosAtkins: This week, Rishi Sunak talked of building 'an economy that embraces the opportunities of Brexit'. Here's 5 mins on Brexit's impact on the economy so far. Produced by Mary Fuller and Nicholas Barrett. You can watch the full edition of 'On…
Buenísima noticia: Google apuesta por España, apuesta por Málaga, para su centro global de ciber seguridad.
Gran vídeo.
RT @Kent_Walker: This will be game-changing: In 2023, Málaga Spain will become our newest Google Safety Engineering Center, a global hub for cybersecurity and malware research. #GSEC
I cannot speak as to the legality of changing the terms of the TLTRO3. Indeed, the changes in the terms are pretty sharp. But economically, this direct subsidy of taxpayers did not make any sense. (Thanks to the ECB for the track changes version!) https://www.ecb.europa.eu/pub/pdf/other/ecb.consolidated_version_ECB_decision~782e15f502.en.pdf
RT @lugaricano: @jeuasommenulle Come on, ECB money IS money: here is a direct quote from Hernández de Cos (BdeE governor) speech 17/10/2022:
"As a consequence of the forecast of negative results... , logically, we do not expect that,..., the Bank of Spain will continue contributing income to public accounts"
Unofficial automated mirror. No copyright asserted. ∎ Economist. Back at LSE as a Professor at @LSEPublicPolicy Summer 2023. Non-resident Fellow @bruegel_org. Recovering MEP. Currently @ChicagoBooth.
Joined Apr 2022
