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 @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
RT @miquelroig: Eduardo se olvida aquí de varias cosas:
- los intereses de la deuda sí se pagan y cada euro que va a pagar intereses no va a sanidad (30.000 millones este año y rumbo a >41.000M en 2026
- refinancia quien tiene la confianza de los inversores
- el banco central 🇪🇸 es 🇪🇺 https://t.co/OUURDUya4V
🐦🔗: https://n.respublicae.eu/lugaricano/status/1660068964582473728
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
@joshgans They will be back!!! Just sit and wait ;-)
🐦🔗: https://n.respublicae.eu/lugaricano/status/1659685998752673794
Batshit crazy- a shame that @vonderleyen lend some credence to it with her presence.
1. We need to pay pensions and debt!
2. New products are digital, ideas are weightless, better medicines weight little, newer chips are smaller. Green energy is also growth.
RT @spignal: The world's major economies are being overhauled to make them more green.
A band of lefty Europeans met in Brussels this week with a more radical plan: to deliberately shrink the economy instea…
🐦🔗: https://n.respublicae.eu/lugaricano/status/1659651422005211136
An anecdote from her inauguration: a female student approached her to thank her for the party. Then the student looked at her seriously and said "you are not going to try to turn @UChicago into a 'fun school', are you?"
🐦🔗: https://n.respublicae.eu/lugaricano/status/1659643425837162508
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
In an alternative world, a NYT obituary would have interviewed Woodford, Mankiew, Summers, Bernanke, Sargent...about Lucas' contribution, instead of repeating the dreaded (and wrong!) incantation"conservative!"(three times) to make sure its readers know what to think (the worst).
🐦🔗: https://n.respublicae.eu/lugaricano/status/1659340624179372036
RT @DMiliband: This is totally disgusting. @elonmusk should retract. It occurs as British Conservatives are told that the problem with the Nazis was that they “mucked up” the case for nationalism. This normalization of the heinous is a disgrace, https://www.washingtonpost.com/arts-entertainment/2023/05/16/george-soros-elon-musk-adl/
🐦🔗: https://n.respublicae.eu/lugaricano/status/1659279544359038978
RT @BachmannRudi: Great read on Bob Lucas’ contributions. Especially how he revolutionized macroeconomics. https://t.co/7keP37Q4Te
🐦🔗: https://n.respublicae.eu/lugaricano/status/1659265172266000414
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
By contrast, outstanding obituary in @TheEconomist , explaining what the contribution was (partly relying on the amusement park example I posted here).
https://www.economist.com/finance-and-economics/2023/05/18/robert-lucas-was-a-giant-of-macroeconomics
🐦🔗: https://n.respublicae.eu/lugaricano/status/1659240553890840584
RT @ProfJAParker: (1/2) At a high methodological level, Lucas’ contributions were huge steps forward for causal inference in macro, for how to incorporate general equilibrium constraints, and for how to model policy rules as part of the economic system. Much 1960-70 macro was flawed on all three.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1659224785077805057
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
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
