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
RT @michaelreid52: This sounds like a good idea. Perhaps it's worth adopting more widely....
🐦🔗: https://n.respublicae.eu/lugaricano/status/1630537823857295361
RT @RyanHoliday: 2/ There is no such thing as “quality” time
@JerrySeinfeld says that garbage time—eating cereal together late at night, laying around on the couch—is the best time.
On my desk, I keep a medallion that says Tempus Fugit (“time flies”) and “all time is quality time” on the back.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1630432571254538240
RT @AlecStapp: Solve your housing affordability crisis with this one weird trick
🐦🔗: https://n.respublicae.eu/lugaricano/status/1630228518809337857
This is brilliant! Bing trying to help a soldier stay out of trouble in Austerlitz.
RT @emollick: Its getting worse, but Bing is coming through for me.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1630054683502075905
Mi análisis de la noche del 24 de febrero de 2022: no a la ley del más fuerte; Putin es vulnerable. Debemos apoyar a Ucrania con todo.
RT @lugaricano: Ayer por la noche me enfadé en directo porque estoy harto del falso pragmatismo que sugiere que no tomemos medidas contra Rusia y que aceptemos la ley del más fuerte.
La Unión Europea es una superpotencia económica y podemos defender nuestros valores. Putin es vulnerable.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1629514411949068291
RT @Ch_Trebesch: The biggest surprise was the data on the Gulf War 1990/91. I was not aware how much Germany or Japan did to help liberate Kuwait. Germany alone gave 16.9 billion D-Marks in military and financial aid to its allies (0.55% of GDP). That is 3x its bilateral aid to Ukraine in 2022.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1629432484810354694
RT @Ch_Trebesch: In 2022, European governments mobilized large-scale support, but the large bulk of this emergency fundung was for their own population, not for Ukraine. @Bruegel_org data show the massive scale of Europe's energy subsidy packages. They are 10- 20x larger than the aid for UKR
🐦🔗: https://n.respublicae.eu/lugaricano/status/1629432484655144960
RT @I_Am_NickBloom: In the UK there is now rationing of fruit and vegetables. This last happened in World War II.
The BBC reported Brexit supporters claiming it has nothing to do with leaving the EU, but is entirely due to bad weather in Southern Europe :-)
🐦🔗: https://n.respublicae.eu/lugaricano/status/1629385270712999937
The most important of these has been renewable energy. Renewable energy capacity in the EU is projected to double in 2022-2027. The war has a lot to do with it: since 2021 the forecast has been revised by almost 40% in the EU.
https://www.iea.org/topics/russias-war-on-ukraine
9/
🐦🔗: https://n.respublicae.eu/lugaricano/status/1628977389433761793
What has been the impact of Putin's gas weapon? Parlty due to luck (good weather, Zero Covid in China), the Eurozone avoided a recession in Q3 and Q4
https://www.ft.com/content/004faaeb-52d2-4b93-aaf7-01b5a9531a90
7/
🐦🔗: https://n.respublicae.eu/lugaricano/status/1628977383683358722
3. Even though there are no gas sanctions officially, the EU imported in Jan 80% less gas from Russia than last year
6/
https://www.bruegel.org/dataset/european-natural-gas-imports
🐦🔗: https://n.respublicae.eu/lugaricano/status/1628977380856418306
But now sanctions are mostly in place:
1. An Oil embargo by the EU and an oil price cap from the G7 are (finally!) very significantly reducing Russia's oil revenue - it is selling its oil at a $30 discount versus Brent.
4/
?s=20
RT @AsstSecEcon: The price cap lowers Russian oil revenues in two ways:
1. Locking in a price ceiling for any trade using coalition services.
2. Providing leverage to buyers of Russian oil—including sales outside the cap—shown by the grow…
🐦🔗: https://n.respublicae.eu/lugaricano/status/1628977375709917184
On the anniversary of the criminal invasion of Urkaine by Russia, what is the balance of a year in sanctions?
On a presentation to my then @europarl colleagues on February 27th, I argued in favor of:
"Do it all
Do it hard
Do it now"
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1/10
RT @lugaricano: Today we had a meeting of @RenewEurope to discuss Ukraine. I share here a few proposals on #EconomicWarfare I prepared for the Group to discuss (link at end).
Given the failure of Putin´s initial plans, …
🐦🔗: https://n.respublicae.eu/lugaricano/status/1628977367568855045
Good 2015 blog post warning about the risks of AI from the cofounder of OpenAI @sama: it is not that AI will be evil, but that, to achieve whatever aim we give it, it will see us humans as a nuisance.
At least, he realizes the risks of what he is doing.
RT @peterhartree: Some people think @sama is ignorant or reckless.
In February 2015, 10 months before founding @openai, he wrote a blog post which began:
“Development of superhuman machine intelligence is probab…
🐦🔗: https://n.respublicae.eu/lugaricano/status/1627902036561002496
RT @scienceisstrat1: Europe 🇪🇺 is in trouble on innovation.
ChatGPT Shows Just How Far Europe Lags in Tech.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1627885787617558531
Well done Mr Biden, @POTUS, showing your commitment and courage.
RT @ZelenskyyUa: Historic. Timely. Brave. I welcomed @POTUS in Kyiv as Russian full-scale aggression approaches its one-year mark. I am thankful to the U.S. for standing with Ukraine and for our strong partnership. We are determined to work together to ensure Ukraine’s victory.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1627799140393717762
The measure of our failure in 2022 (now being corrected): at $580bn, Russia had in 2022 the highest oil and gas revenues in its history. The West has more than paid the bills for the war.
https://re-russia.net/en/expertise/052/?utm_source=twitter&utm_medium=social
🐦🔗: https://n.respublicae.eu/lugaricano/status/1627527907328544768
RT @salonium: Many know that the Carter Center, founded by Jimmy Carter, has been working towards eradicating neglected diseases like Guinea worm.
But fewer know how successful this has been.
In 1989, there were >890,000 cases worldwide.
In 2021, there were 15.
https://ourworldindata.org/guinea-worm-path-eradication
🐦🔗: https://n.respublicae.eu/lugaricano/status/1627499624004227072
Real time, daily, data on total consumption (not just credit card) available since today from @bbva for 6 countries: Mexico, Spain, Turkey, Argentine, Colombia, Perú.
RT @alvaroortiz1968: Ya puedes consultar los datos diarios de "Consumo Total" (no sólo tarjetas) & datos de España y otros países 👇https://www.bbvaresearch.com/special-section/bigdata/?geografia=3072&subseccion=catalog-1_item-1 @jgjorrin @APIE_es @AsociacionTCEE @JorgeGalindo @dfuentescastro @EnriqueFeas @idebarron @manuelmunizv @lugaricano @ElcanoJjRuiz @iespega
🐦🔗: https://n.respublicae.eu/lugaricano/status/1627239378044227584
The combination of the oil price cap and the EU oil embargo is significantly reducing the price of Russian oil in the market.
Good job, @AsstSecEcon @VDombrovskis @JosepBorrellF @eucopresident
RT @AsstSecEcon: The price cap lowers Russian oil revenues in two ways:
1. Locking in a price ceiling for any trade using coalition services.
2. Providing leverage to buyers of Russian oil—including sales outside the cap—shown by the growing discount between global oil and…
🐦🔗: https://n.respublicae.eu/lugaricano/status/1626705717871648770
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
