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 @MacroAlf: A gigantic bond portfolio booked in ridicoulous proportion in HTM, exploiting accounting benefits.
Voluntary unwinding (!) of existing rate hedges.
Management lobbying to be as exempt from tight regulatory scrutiny as possible.
Moral hazard was at play here, imho.
17/
🐦🔗: https://n.respublicae.eu/lugaricano/status/1634826795806519296
@emollick Had the same experience. Open it, and be enraged in seconds. Seems on purpose.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1634606038296014850
Forbes' curse strikes again (2007:
"Nokia: Can anyone catch the cell phone king?")
RT @SVB_Financial: Proud to be on @Forbes' annual ranking of America's Best Banks for the 5th straight year and to have also been named to the publication's inaugural Financial All-Stars list.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1634583068949245955
RT @RobinBrooksIIF: Putin's energy windfall is over. Russia's Feb 2022 c/a surplus was $20.2 bn. Feb 2023 surplus is +5.8 bn. We can squeeze Russia much more by lowering the G7 cap to $30. That'll cause Ruble devaluation and a financial crisis. Hard to fight a war when your economy is imploding...
🐦🔗: https://n.respublicae.eu/lugaricano/status/1634544336216944642
RT @unalmaconcalma: Escrivá 2019 (técnico): "Las cotizaciones sociales son relativamente altas. 6 puntos más que la media OCDE. Cualquier modificación NO debería implicar incremento de la cotizaciones."
Escrivá 2023 (político): Fuerte aumento de las cotizaciones sociales.
Y así todo. Y así nos va.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1634504240549822464
Fuente de los números: Matt Levine @Bloomberg
🐦🔗: https://n.respublicae.eu/lugaricano/status/1634305290907656193
La pregunta clave tras el colapso del SVB: ¿habrá un comprador capaz de devolver a todos los depositantes su dinero?
Si los activos ($212,000 mill. a 31/12) no valen lo suficiente para cubrir los depósitos (173,000 millones, 165,000 sin asegurar) SVB será el primero de muchos.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1634305100045844483
Un honor debatir con Francis Fukuyama y varios economistas ucranianos sobre la reconstrucción de Ucrania. La UE debe ser un instrumento clave para ayudar a los ucranianos a construir una administración moderna y transparente.
Thanks @McFaul for your leadership on this.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1634302314700853252
RT @fernandosols: La brecha de género son las madres.
No tener claro este diagnóstico, sobre cual es el sujeto que sufre discriminación laboral, desenfoca las prioridades de políticas públicas y retrasa la solución del problema.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1633746841899614208
Europe has stopped investing in the future.
RT @scienceisstrat1: Europe 🇪🇺 is in deep trouble on tech 🆘
Cc: @Noahpinion @ylecun @erikbryn @paulg @balajis
🐦🔗: https://n.respublicae.eu/lugaricano/status/1633600158800674816
RT @scienceisstrat1: Europe 🇪🇺 is in deep trouble on tech 🆘
Cc: @Noahpinion @ylecun @erikbryn @paulg @balajis
🐦🔗: https://n.respublicae.eu/lugaricano/status/1633599963723595778
"The point is to stop emitting carbon". Nuclear helps, enormously. Don't lose sight of the priorities here @GCEE_en
RT @mattsteinglass: This is semantics that loses track of the purpose. Nuclear energy isn’t “renewable” because it needs uranium, but there is enough uranium to last 47,000 years. The point is to stop emitting carbon. https://www.ft.com/content/f7a79b52-ff1a-4336-82c1-ed359df60173?shareType=nongift
🐦🔗: https://n.respublicae.eu/lugaricano/status/1633388290362540041
RT @AnkeHassel: Today on international women’s day all my thoughts are with the girls and women in Afghanistan and Iran who suffer and fight for the only reason that they are female. #IWD2023
🐦🔗: https://n.respublicae.eu/lugaricano/status/1633377246424580096
Hoy, nuevo capítulo de "la seguridad jurídica no es un problema"
- Ferrovial: Aplicar el mecanismo anti OPAs “excepcional” de pandemia (extendido hasta 2024) para evitar una fusión privada
- INDRA: Concluir el asalto al control
https://elpais.com/economia/2023-03-06/nadia-calvino-insiste-en-que-hay-serias-dudas-sobre-los-argumentos-de-ferrovial.html?outputType=amp https://www.elconfidencial.com/empresas/2023-03-06/indra-inicia-un-proceso-para-elegir-un-nuevo-consejero-delegado-con-ayuda-de-una-consultora_3587863/
🐦🔗: https://n.respublicae.eu/lugaricano/status/1633098600220704773
For sanctions to work, they needed to be in place.
Now that fossil fuel sanctions (EU oil embargo and G7 price cap) are binding. Russian budget is in trouble. Revenue only covers 2/3 of expenditures.
RT @jakluge: 1) New data on Russia's federal #budget in February is out. Some normalization after a high January deficit was expected, but the opposite happened. The deficit grew to 2.6 tn RUB, 1.7% of GDP after two months. Revenues in February 2023 were 1.8 tn RUB,…
🐦🔗: https://n.respublicae.eu/lugaricano/status/1633028509361733634
@OrdoliberalBG @LEStiftung Congratulations, Stefan, I look forward to many great exchanges!
🐦🔗: https://n.respublicae.eu/lugaricano/status/1633000428047564803
La presidenta del @europarl @RobertaMetsola no se ha escudado en la inmunidad para proteger a los eurodiputados corruptos de la investigación belga. La presidenta del @Congreso_Es @meritxell_batet debe hacer lo mismo.
RT @garcia_abadillo: La juez pide a Batet que permita investigar los dispositivos que usaba 'Tito Berni' en el Congreso https://www.elindependiente.com/espana/2023/03/06/la-juez-pide-a-batet-que-permita-investigar-los-dispositivos-que-usaba-tito-berni-en-el-congreso/?utm_source=share_buttons&utm_medium=twitter&utm_campaign=social_share a través de @elindepcom
🐦🔗: https://n.respublicae.eu/lugaricano/status/1632721956414840836
@miquelroig Quieres decir, creo, el "sí hay inseguridad "... El doble negativo 😭
🐦🔗: https://n.respublicae.eu/lugaricano/status/1632378475960225792
RT @michaelreid52: España: “no vamos a tolerar que se cuestione la seguridad jurídica” y además vamos a imponer a las empresas lo que nos de la gana….
🐦🔗: https://n.respublicae.eu/lugaricano/status/1632338116643282946
Outstanding.
RT @emollick: Bing, write the first chapter of Genesis as a corporate memo.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1632113114941657088
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
