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
R to @lugaricano: I pasted the same exact instruction of the first tweet in ChatGPT4.
A beautiful result on the first try!
Feel free to tinker with the line to ask for any other chart.
🐦🔗: https://nitter.cz/lugaricano/status/1715005762018103574#m
[2023-10-19 14:03 UTC]
Stigler wrote that demand for regulation comes from the industries that want protection. True in Crypto. (From Michael Lewis book.)
"He'd persuade the US to regulate crypto and punish those who violated the new rules, leaving FTX alone as a kind of teacher's pet"
True for AI?
🐦🔗: https://nitter.cz/lugaricano/status/1715014852400324725#m
[2023-10-19 14:39 UTC]
RT by @lugaricano: New study presents evidence of China’s heavy reliance on real estate & infrastructure construction as central part of economic growth; the share of these two sectors in China’s GDP far exceeds the levels found in the US & Europe; only Spain before the financial crisis came close
🐦🔗: https://nitter.cz/econromesh/status/1715032297416565177#m
[2023-10-19 15:48 UTC]
Michael Reid, en la LSE:
"Si España quiere prosperar, debe encontrar la manera de que la mayoría moderada de la población se una"
("If Spain is to prosper, it must find a way for its moderate majority to come together")
🐦🔗: https://nitter.cz/lugaricano/status/1714340783896346930#m
[2023-10-17 18:01 UTC]
Outstanding reporting from
https://nitter.cz/NYTimesCohen
from the site of the massacre with several witness interviews. Will bring tears of despair to your eyes.
https://www.nytimes.com/2023/10/15/world/middleeast/israel-music-festival-massacre.html#commentsContainer
🐦🔗: https://nitter.cz/lugaricano/status/1713664730059931686#m
[2023-10-15 21:14 UTC]
RT by @lugaricano: ⚡️Hay pocas sensaciones más bonitas que la de anunciar la publicación de un libro y más cuando lo firmas con tan buenos amigos.
📚 Aquí tenéis: ‘Un País Posible: manual de reformas políticamente viables’.
🎁 El 25 de Octubre en librerías. Ya disponible: https://www.amazon.es/dp/8423436411?tag=planetadelibr-21
🐦🔗: https://nitter.cz/toniroldanm/status/1711603184840413389#m
[2023-10-10 04:42 UTC]
An astonishing stoy of courage and a good analysis of the situation.
https://www.theatlantic.com/ideas/archive/2023/10/amir-tibon-how-his-family-survived-hamas-massacre/675596/
🐦🔗: https://nitter.cz/lugaricano/status/1711605702400065777#m
[2023-10-10 04:52 UTC]
The WSJ reconstructs the attack on the music festival. Enough brutality and inhumanity to pierce the moral blindness of some who call themselves progressives but are anything but. Everyone must watch it.
https://www.wsj.com/video/series/in-depth-features/how-hamas-turned-an-israeli-music-festival-into-a-massacre/F24366C2-CB00-49C9-BF6A-08A2B275C5CD
🐦🔗: https://nitter.cz/lugaricano/status/1712065779921756591#m
[2023-10-11 11:21 UTC]
A good WSJ analysis.
Escalation seems almost inevitable. Israel cannot afford to be seen as weak, it would put its very existence at risk. Iran will not let its ally Hamas be eradicated.
https://www.wsj.com/world/middle-east/hamas-invasion-rewrites-rules-in-middle-east-1aeabbd4
🐦🔗: https://nitter.cz/lugaricano/status/1712408602567164095#m
[2023-10-12 10:03 UTC]
RT by @lugaricano: I keep thinking about this paragraph. Extraordinary writing.
🐦🔗: https://nitter.cz/MrRBourne/status/1713183337840312580#m
[2023-10-14 13:21 UTC]
The academic left does not like victim blaming...except if the victims are the Jews.
https://www.theguardian.com/commentisfree/2023/oct/15/victim-blaming-is-a-crime-to-so-many-progressives-except-when-it-comes-to-jews
🐦🔗: https://nitter.cz/lugaricano/status/1713452990193917982#m
[2023-10-15 07:13 UTC]
Must read blog (and series of blogs!) by @JohnHCochrane on what we really know on the impact of interest rates on inflation.
Summary: very little.
A tiny thread on identification explaining the last blog with an analogy, specially for non-economists.
https://johnhcochrane.blogspot.com/2023/08/interest-rates-and-inflation-part-2.html
🐦🔗: https://n.respublicae.eu/lugaricano/status/1690311706486906880
Re 2) The evidence is really really weak. Depending on your specification you get that chemo increases, leaves the same, or reduces cancer. Again, analysis from your colleague Dr. Valery R.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1690311757015711744
Maybe some high school student will pick it up better this way?
<div class="rsshub-quote">
Anthony Bonato: Taylor Swift as math functions, for all the Swifties. A thread.
y = -x
</div>
🐦🔗: https://n.respublicae.eu/lugaricano/status/1690328605576892416
RT John Cochrane
Great summary story from Luis Garicano. It starts with doctor F who says you can’t see how well the drug works because of long and variable lags…
<div class="rsshub-quote">
Luis Garicano 🇪🇺🇺🇦: Must read blog (and series of blogs!) by @JohnHCochrane on what we really know on the impact of interest rates on inflation.
Summary: very little.
A tiny thread on identification explaining the last blog with an analogy, specially for non-economists.
https://johnhcochrane.blogspot.com/2023/08/interest-rates-and-inflation-part-2.html
</div>
🐦🔗: https://n.respublicae.eu/JohnHCochrane/status/1690350502536728576
RT Oleg Itskhoki
RU ruble depreciated ~100% since its peak of 53 rub/USD last summer to ~100 now. The pace⬆️ this summer since Prigozhin mutiny and expropriations of West./private companies
Time to step up fin+export sanctions to further limit fiscal space for Putin’s war efforts in 🇺🇦/elsewhere
🐦🔗: https://n.respublicae.eu/itskhoki/status/1690386882868240385
Late to this great thread.
<div class="rsshub-quote">
Beatrice Cherrier: 1/There’s this economist few remember, who wrote the 1st 2-sectors growth model, brought Pontryagin to econ, played rugby w/ Inada, argue over Marxism & Keynes w/ Solow & Kahn, rediscovered Veblen & ended up contributing to a papal encyclical.
His name is Hiro Uzawa (宇沢弘文)
</div>
🐦🔗: https://n.respublicae.eu/lugaricano/status/1689761991395508224
Interesting paper. Finds more inertia, less variability when shopping online than offline. Appears to indicate higher switching cost (and hence barriers to entry) online.
<div class="rsshub-quote">
Jūra Liaukonytė: 1/3 Excited to share that our paper, co-authored with @saichandc and @nccyang, exploring the differences between online and offline grocery shopping, has been accepted for publication in @Mrktng_Science!
You can find the full paper here:
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3992849
</div>
🐦🔗: https://n.respublicae.eu/lugaricano/status/1689764820130635776
The USA insane gun (and drug) policies are responsible for the violence engulfing Ecuador.
Mexico cannot win against the cartels while they have access to $$$ and guns from across the border.
Mexico militarized the response and the cartels militarized back, buying US weapons.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1689582386252505089
Example: "The rise in US gun sales to Guatemala has been among the steepest in the world. ... In just a few years the number of murders has risen. ... many on the receiving end ... are ill equipped to handle the influx"
And this is just legal exports:
https://www.bloomberg.com/graphics/2023-us-gun-violence-border-crisis-guatemala/?utm_medium=email&utm_source=newsletter&utm_term=230810&utm_campaign=bigtake
<div class="rsshub-quote">
Luis Garicano 🇪🇺🇺🇦: The USA insane gun (and drug) policies are responsible for the violence engulfing Ecuador.
Mexico cannot win against the cartels while they have access to $$$ and guns from across the border.
Mexico militarized the response and the cartels militarized back, buying US weapons.
</div>
🐦🔗: https://n.respublicae.eu/lugaricano/status/1689632248319152129
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
