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
Great thread (and great piece)
RT @shashj: “The reason that, at least so far, no [large language] model enjoys an unassailable advantage is that AI knowledge diffuses quickly. The researchers from all the competing labs “all hang out with each other”, says David Ha of Stability AI” https://www.economist.com/business/2023/01/30/the-race-of-the-ai-labs-heats-up
🐦🔗: https://n.respublicae.eu/lugaricano/status/1620358411769753600
RT @charlesjkenny: It isn’t just the US tourism industry. The CEOs of every US firm involved in trade and investment ought to be out in front of the US State Department with megaphones and placards demanding action.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1620132385806508032
La entrevista completa que me hizo @cultrun en ABC. Hablamos de políticas, no de política:
- Mentalidad de suma cero
- Lecciones equivocadas de la crisis
- Sostenibilidad de la deuda
- Crecimiento y reformas...
Y mucho más.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1620129631683874817
Are EU countries' debts sustainable?
Collard, Habib, Panizza and Rochet use a framework where default is sometimes inevitable and find
- With high recovery (80%): only ITA and GR not sustainable
- With low (30%): also IRL, SPA, POR not sustainable https://cepr.org/voxeu/columns/assessing-debt-sustainability-euro-area
🐦🔗: https://n.respublicae.eu/lugaricano/status/1620041943404400646
For @paulkrugman . Maybe looking at evidence beyond the USA is relevant?
RT @BaldwinRE: 101 case study
👉 Despite retail price caps .food & power prices in Hungary rose 50% in December y/y
👉 price caps caused shortages of fuel & staples such as sugar as retailers declined to sell below cost, &price rises for non-capped products that consumers bought to compensate
🐦🔗: https://n.respublicae.eu/lugaricano/status/1619628909708054528
How mighty companies get disrupted, in real time. Great @washingtonpost on the obstacles to Google and Meta succeeding in AI
https://www.washingtonpost.com/technology/2023/01/27/chatgpt-google-meta/
🐦🔗: https://n.respublicae.eu/lugaricano/status/1619390008464666627
The US armed forces are mobilising for war with China. There is no other way to read this memo.
https://www.washingtonpost.com/national-security/2023/01/27/us-general-minihan-china-war-2025/
🐦🔗: https://n.respublicae.eu/lugaricano/status/1619267669613752320
Mientras tanto, el gasto público anual ha aumentado en 120,000 millones de euros en una década, principalmente en pensiones. Ver este artículo de @jgjorrin
https://www.elconfidencial.com/economia/2022-12-11/pensiones-fagocitan-gasto-social-proximas-decadas_3537528/
🐦🔗: https://n.respublicae.eu/lugaricano/status/1618954694193471488
2. El empleo total en el sector privado no ha crecido desde 2007. Eso sí, el empleo en el sector público ha crecido un 20%.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1618954691320385538
1. Hoy en los datos de Contabilidad Nacional vemos que la brecha entre empleo y horas trabajadas sigue aumentando. Las horas totales están al nivel de 2018.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1618954688468254725
Hace una semana os mostraba el estancamiento de la productividad y del producto per cápita en España- similar al que tanto preocupa en el RU.
Hoy os muestro datos sobre el empleo.
Productividad y empleo, más los datos de pensiones, muestran una economía insostenible
RT @lugaricano: Spain/UK a tale of two twins.
Historia de dos economías gemelas desde 2007
Comparado con el nivel del debate en el RU (ver a @TimHarford hoy en el @FT), sorprende la falta de deba…
🐦🔗: https://n.respublicae.eu/lugaricano/status/1618954686119419906
RT @WorldJewishCong: "One by one we had to pass Dr. Mengele. He motioned to someone to take me away. At that point I knew, that I was selected to go to the gas chambers."
Join the #WeRemember Campaign to remind the world of what can happen when hatred is allowed to thrive unchecked.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1618915189465956352
RT @Sathnam: Remind me what happened in 2016 again
🐦🔗: https://n.respublicae.eu/lugaricano/status/1618642912522424321
Best argument for industrial policy: Chips Act and IRA will provide noncollege work opportunities in intercoastal regions left behind by deindustrialization. As a result they may counter the populist backlash that led to Trump etc.
h/t @jessejenkins
https://www.washingtonpost.com/opinions/2023/01/25/biden-place-based-industrial-policy-muro/
🐦🔗: https://n.respublicae.eu/lugaricano/status/1618241950502772736
So Gazprom steals 2bn from a German oil and gas company which (unlike Shell or BP) stayed after the invasion to create "gas products that can be used to make fuel for Russian military jets"?
It couldn`t happen to a nicer company.
RT @jakluge: Gazprom apparently stole 2bn euros from its former partner Wintershall in Russia. https://www.ft.com/content/3f98d24b-8ed5-4c26-94e3-36c75354cf89
🐦🔗: https://n.respublicae.eu/lugaricano/status/1618235614297722881
ChatGPT, hallucinating. (HANK= Heterogeneous Agent New Keynesian model)
RT @JoeVavra: Nailed it
🐦🔗: https://n.respublicae.eu/lugaricano/status/1618201526199279618
RT @AlecStapp: It's hard not to be bullish on solar power
🐦🔗: https://n.respublicae.eu/lugaricano/status/1618200201696792578
Con el mantenimiento adecuado, las centrales nucleares pueden durar 80 años- o más. No cerrar las centrales es bueno para el planeta, para la seguridad energética, para evitar la pobreza energética.
https://www.bloomberg.com/graphics/2023-nuclear-power-plants-aging/
(Puntos rojos son extensiones a 80 años
h/t @alecstapp)
🐦🔗: https://n.respublicae.eu/lugaricano/status/1617880859549499392
Enhorabuena a @JosepBorrellF.
Un gran español y un gran europeo, siempre (Ucrania/sanciones a Rusia, deuda común, Cataluña) en el lado correcto de la historia: siempre por la libertad, la democracia, la paz, la igualdad entre españoles; contra el nacionalismo y el populismo.
RT @JosepBorrellF: Gracias por el premio @NewEconomyForum
Fue un día muy emocionante rodeado de amigos, siempre que se habla con el corazón sale mejor que cuando se intenta leer un papel.
…
🐦🔗: https://n.respublicae.eu/lugaricano/status/1617136591872425985
RT @pietgaricano: one of the most astonishing books i've ever read.
on the soviet-afghan war; the tragic, the farcial and the cruelty of young people forced to fight a senseless war for a rotten empire
🐦🔗: https://n.respublicae.eu/lugaricano/status/1617128837233385473
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
