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
@HannoLustig The magic of soft budget constraints: With low rates, fiscal space goes up, with high rates fiscal stimulus needed. Result: more deficit is always better. Until it all comes painfully crashing down.
RT @mattyglesias: To have less incarceration in a sustainable way, you need less crime and safer streets.
That means saying yes to more police and more surveillance.
https://www.slowboring.com/p/the-best-way-to-end-mass-incarceration
RT @DavidJimenezTW: Un país que tolera el acoso escolar de los más pequeños, fomenta el fracaso escolar de los adolescentes y condena a sus jóvenes a la precariedad es un país que, pudiendo ser la California de Europa, solo aspira a ser su chiringuito de playa.
A propósito de un artículo reciente (que retuitée aquí) estimando curvas de aprendizaje industriales en solar, viento, baterías e hidrógeno, @Noahpinion sobre cómo el hidrógeno puede ser la tecnología complementaria a la solar que resuelva el problema del almacenamiento.
RT @Noahpinion: Hydrogen, like solar and batteries, looks like it has a Moore's Law.
That means cheap long-term energy storage is likely to become a reality.
ht…
RT @adam_tooze: EVERYONE should be retweeting and amplifying this. There is a massacre going on in Sharif University in Iran.
@LuisRMartinezA @PeteKlenow @TheEconomist Outstanding research. Enhorabuena Luis. The article in @TheEconomist does not give precise figures for new GDP estimates- if we take it at face value what would be the estimate of GDP of China?
RT @HannoLustig: when volatility 🚀, declines in TIPS-Treasury breakevens do not neatly map into a drop in expected inflation priced in by investors. For example in March of 2020, the 10YR inflation swap was trading 40 bps above the TIPS-Treasury breakeven. flight to Treasurys, not TIPS. 👇
RT @UNAMAnews: Disturbing scenes in Kabul today of women -calling for greater protection of their communities after Friday's college attack in Hazara area- being met by yet more violence.
Taliban urged to safeguard rights of all Afghans & stop using weapons to prevent right of peaceful protest
RT @FereshtaAbbasi: Mariza and Hajar are among today's victims. I am numb and speechless. 💔
Por favor, leedlo. Todo el mundo debe leerlo
RT @KonstantinKisin: I wish every single person in the West would listen to Putin's speech. Obviously, that won't happen so let me summarise as a professional translator for 10+ years. He states, as he has done from the outset, what his intentions and complaints are in the plainest terms possible.🧵
RT @BernardodMiguel: Putin se apropia del 15% de Ucrania. "El mayor intento de anexión en territorio europeo desde la II Guerra Mundial", lamenta el dirigente de la OTAN. El área ocupada es como Portugal y cinco veces los Sudetes, anexionados por Hitler antes de la II GM
https://www.nato.int/cps/en/natohq/opinions_207788.htm?selectedLocale=en
The clearest explanation of the whole Pension investment debacle in the UK is by @JohnHCochrane .
One more disaster in finance explained by the same mechanism: take a tiny bit of risk, leverage it up hugely, make steady returns until everything blows up,
https://johnhcochrane.blogspot.com/2022/09/a-familiar-finance-fable-in-uk-bonds.html?spref=tw
RT @shashj: I am very sceptical of these efforts to include non-violent competition and arms/aid in the definition of being “at war”. It conflates war as a metaphor (“war on drugs”) and war as an actual violent contest to get someone to submit to your will. Ukraine is at war. We aren’t.
RT @antonioguterres: In this moment of peril, I must underscore my duty as Secretary-General to uphold the @UN Charter.
The Charter is clear.
Any annexation of a State’s territory by another State resulting from the threat or use of force is a violation of the Principles of the Charter & int’l law.
I am not a @Dominic2306 fan, but when he named her the Human Handgranade no one could imagine (not even him) how close to the truth the nickname would be. The thread (it must be said-- by one of the people most responsible for bringing the UK to this point) is excellent.
RT @Dominic2306: 1/ New blog: The Human Handgrenade & Kami-kwasi fiasco - the Remain-PM + ERG totally on brand... Ignore MSM drivel from Telegraph, Economist - 'Tru…
Fuente: editor político del Times, en el hilo arriba
Two seats total for Conservatives if elections took place today. 33 points behind.
The only fair punishment for the deceit, the lies, the cheating, the conceit, the sheer amount of bullshit generated since the Brexit referendum would be to be wiped out.
RT @hzeffman: BREAKING
Labour have a 33 POINT LEAD with YouGov/Times
Yes, 33. THIRTY-THREE POINTS
Lab: 54 (+9)
Con: 21 (-7)
Lib: 7 (-2)
Green: 6 (-1)
Ref: 4 (+1)
Fieldwork: Tod…
Con estos números (33 puntos por detrás) si hubiera elecciones mañana los conservadores conseguirían ¡2 escaños!
RT @hzeffman: BREAKING
Labour have a 33 POINT LEAD with YouGov/Times
Yes, 33. THIRTY-THREE POINTS
Lab: 54 (+9)
Con: 21 (-7)
Lib: 7 (-2)
Green: 6 (-1)
Ref: 4 (+1)
Fieldwork: Today and yesterday
https://www.thetimes.co.uk/article/yougov-poll-labour-lead-conservatives-tories-n90lqlgf7
RT @DarthPutinKGB: The only people now afraid of the Russian military are Russian men of military age.
RT @LukaszRachel: Doesn't the source of the shock matter? If the instability came from abroad, say, it's a different ballgame to when it's the govt is the source. The worry now is that the lolr will permanently damage the ability to deliver a stable nominal environment (ie fiscal dominance)
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
