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 @toniroldanm: Decrecentistas of the world, no más chapas please https://t.co/dKZR1t5Z9u
🐦🔗: https://n.respublicae.eu/lugaricano/status/1660391676735520771
There are many, many memorable things. But I am going to stay on one that seems obvious to many of us, foreign friends of the US, and yet seems impossible to understand for many in progressive America. (last par)
🐦🔗: https://n.respublicae.eu/lugaricano/status/1660299185256644609
RT @simonmontefiore: Tonight one can only smile and celebrate the writer of this dark and wry beautifully-written wit: ‘the trouble with life’ wrote Martin Amis. ‘The dialogue is poor or at least violently uneven’…’and always the same ending’. https://t.co/cIlGR4kJYX
🐦🔗: https://n.respublicae.eu/lugaricano/status/1660115110499610624
An important thread for those who have forgotten what is at stake in Ukraine.
h/t @MESandbu
RT @Mylovanov: NYTimes publishes a (paid) letter by 14 US national security experts. Jeffrey Sachs among the signees.
It calls for peace by stopping to support Ukraine.
Every claim it makes is misguided and uninformed. The arguments in the letter are embarrassingly weak. 1/ https://t.co/DoDyOcJXFv
🐦🔗: https://n.respublicae.eu/lugaricano/status/1660069909706031104
Great Bob Lucas obituary by @DelphineStrauss in @ft, with good research, quotes by @HansbergRossi , @ojblanchard1 etc.
Was Lucas' wrong about "depression prevention"?
A depression was prevented post GFC, except where politics made it impossible (Greece)
(https://www.ft.com/content/f58582b1-b5d6-4268-aa2e-ee370c05e761?sharetype=blocked
🐦🔗: https://n.respublicae.eu/lugaricano/status/1660067088117952512
RT @IvanWerning: Many economists, including myself, writing remembrances here for Bob Lucas.
My dad (not economist, but math student at Chicago late 70s early 80s) now also wrote something. Here is an English translation.
https://dev-focoeconomico-org.translate.goog/2023/05/18/bob-lucas-investigador-docente-mentor-amigo/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp https://t.co/saMcxrNqzu https://t.co/TlYg7Y5IV6
🐦🔗: https://n.respublicae.eu/lugaricano/status/1660064104432693249
Excellent thread by @Isabel_Schnabel on financial stability and monetary policy in the Euro area today.
I hope her confidence in the resilience of the Euro area banking system is justified.
RT @Isabel_Schnabel: Yesterday I spoke at a conference at @FMG_LSE @LSEnews in honour of the much-admired Charles Goodhart about whether monetary and financial stability can be separated (“separation principle”). Here is the obligatory thread on the main points, details are f…
🐦🔗: https://n.respublicae.eu/lugaricano/status/1659987999965184001
Amazing Hannah Gray, @uchicago President 1977-93. She went back to research, publishing 3 books in her 80s. She is now 93, teaches a class and is writing a book ("I think about 1 1/2 years remaining"). As sharp and fun to talk to as ever.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1659643423081525249
RT @JStein_WaPo: “Countries look around the world, and they just can’t understand it”
Chart by @MikeMadden:
https://www.washingtonpost.com/business/2023/05/19/world-watches-us-debt-ceiling-worries-default/ https://t.co/h6ilu4JSbi
🐦🔗: https://n.respublicae.eu/lugaricano/status/1659638323709616134
RT @IvanWerning: "Lucas Miracles" is a brief appreciation of the contributions of Robert E. Lucas Jr to macroeconomics. You can find it here
https://economics.mit.edu/sites/default/files/inline-files/Translated%20Lucas%20Miracles%20by%20Ivan%20Werning.pdf
The title is explained at the end. https://t.co/2CARW5EsgH
🐦🔗: https://n.respublicae.eu/lugaricano/status/1659516327218888705
RT @ChrisGiles_: Good news on gas prices continue
Europe’s reference spot price is now below €30 a MWh….
Looking almost normal
This has been a triumph of the resilience of modern advanced economies and their ability to adapt and substitute.
(Politics worked well too, for once) https://t.co/ca7pqGjjcq
🐦🔗: https://n.respublicae.eu/lugaricano/status/1659263555454025728
One of the many tell-tale signs of bias in the NYTimes terrible obituary of Robert Lucas.
Read the convoluted sentence. It misses one key name: in 1995, Clinton was running the US economy for 3 years.
Lucas was no partisan. He was above all, a scientist in pursuit of truth.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1659217395444056064
RT @krassenstein: Former National Security Adviser John Bolton says that World Leaders Consider Trump a 'Laughing Fool'.
When asked about Trump claiming he'd quickly end the Russia/Ukraine war, Bolton, who worked under the Trump White House in 2018-2019, gave his assessment:
"I have been in… https://t.co/53xpzkvXmh https://t.co/doZV4prNnu
🐦🔗: https://n.respublicae.eu/lugaricano/status/1658840706901848068
Wow, RFK in 1968 (3 months before his assassination) about what GDP measures and what it does not measure. Quite impressive level for an electoral campaign (even outside of it!).
https://www.jfklibrary.org/learn/about-jfk/the-kennedy-family/robert-f-kennedy/robert-f-kennedy-speeches/remarks-at-the-university-of-kansas-march-18-1968
🐦🔗: https://n.respublicae.eu/lugaricano/status/1658562443399024644
"Brexit has failed ", Nigel Farage.
No more questions, your honor.
Time to start undoing the damage and rebuilding the single market.
RT @mikegalsworthy: 🔥 Extraordinary moment.
Nigel Farage just said on Newsnight: “Brexit has failed”
He volunteered that himself. I also recall him once saying that if Brexit turned out to be a failure, he’d leave the country. I very much look forward to that.
https://t.co/63e6Y5rlwx
🐦🔗: https://n.respublicae.eu/lugaricano/status/1658522095356084232
RT @Bellmanequation: Bob was amazing and had such a huge impact. To get just a glimpse, read Tom Sargent's "Learning from Lucas" https://www.tomsargent.com/research/Learning_from_Lucas.pdf https://t.co/o4m2Z4YYHe
🐦🔗: https://n.respublicae.eu/lugaricano/status/1658496257516802050
Rob Shimer, the Chair of @UChicago 's Econ Department e-mail announcing to the department Robert Lucas passing explains wonderfully how important was his contribution to Macroeconomics. I post it with his permission, with the caveat that it was meant for Lucas' collegues here.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1658190908125241367
My paper with @johnvanreenen and Claire Lelarge in the AER, and a lot of my research with Esteban Rossi-Hansberg on the knowledge economy, owes a debt to this pathbraking paper
My intellectual debt with Bob Lucas is huge.
https://www.jstor.org/stable/3003596
🐦🔗: https://n.respublicae.eu/lugaricano/status/1658155498808520726
It was the 3rd year of our PhD. After two gruelling years (the Core, with less than 50% pass rate on Year 1, the Prelims, with another 50% of students gone in Year 2) we were having our first reception as "real" grad students outside in the Social Science Quadrangle of @UChicago.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1658155488809299986
RIP Robert Lucas. A wonderful teacher, the deepest of thinkers and un unbelievably clear, insightful writer.
He was always obsessed by ideas, always going deeper. An anecdote from my graduate school years tells a lot about his obsessive drive to learn and to understand.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1658155486053642259
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
