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
What Chancellor Scholz says: "Zeitenwende," "€100bn more for army."
What he does: 2023 budget by armed forces down by €330m.
Germany is still not thinking responsibly about security.
https://on.ft.com/3F0v8KF
What a great review by McCloskey of the new Hayek biography! https://reason.com/2022/11/25/hayek-was-a-true-liberal/?amp
Sunak: "Hey, I got a great idea: why don't we limit foreign students and destroy the only area of the economy that did not get destroyed by Brexit ?"
Conservative Party:"Cool idea, lets do it!" https://www.bbc.com/news/uk-politics-63757889
RT @WilliamYang120: Clash between Foxconn workers and police continued for the second night in #China’s Zhengzhou, with some workers who were quarantining in the hotel also demanded to get the 10,000 RMB subsidies like others but the local government is only willing to give them 2400 RMB.
Happy to see the @ecb @Isabel_Schnabel acknowledge that unfunded deficits are a threat to price stability. The consequence that follows is clear: countries should have the right incentives to pursue fiscally sustable. Now they do not.
RT @masuch_klaus: 👇Speech by @Isabel_Schnabel on monetary-fiscal interaction at times of high inflation. FYI: @EricMLeeper @JohnHCochrane @lugaricano @Francesco_Bia @LeonardoMelosi @HannoLustig @Bachma…
RT @davidfromterra: In 1631, Prague was conquered by Sweden, only to revert back to the Habsburgs six months later. France took Nancy from Burgundy in 1634 and held it for decades. Thousands of such city switches occurred throughout history. What can we learn from them? New research with Eric Weese:
El Ministro Alemán de Economía Habeck explica por qué el tope del gas es un error: en vez de conservar España consume más gas para generar electricidad que nunca, https://www.elmundo.es/economia/2022/11/23/637e704fe4d4d854718b45df.html
RT @EricTopol: “Americans have been trained for 100 years to think that the hospital is the best place to be, the safest place. But we have strong evidence that the outcomes are actually better at home.”
The hospital-at-home movement is just getting started
https://t.co/TnfDzSCeoK @paula_span
RT @minesoto2003: Los datos a octubre siguen mostrando que los fondos NGEU no llegan a la economía: apenas se han adjudicado algo más de 7 mil millones de euros en 21-22, aunque se han licitado proyectos por más de 22 mil. Enlace a nuestra publicación https://www.bbvaresearch.com/publicaciones/espana-seguimiento-del-plan-de-recuperacion-prtr-noviembre-2022/?cid=eml:oem:oth:----53334--:::lnkpubl:::20221123::oth:instant:
Fascinating, important research: PE has stopped being efficiency increasing.
Why?
Dumb money.
RT @SVNieuwerburgh: @VrindaMittal2 3⃣ Results until 2011 confirm productivity-enhancing role of PE found in Davis, Haltiwanger, Handley, Lerner, Lipsius, Miranda (2021). But productivity results post-2011 reverse dramatically.
RT @UChiEnergy: A new study by @brunoconteleite, @klausvanieper & @HansbergRossi reveals that a modest unilateral #CarbonTax can be globally welfare-improving while also expanding a local economy.
Explore the highlights: https://epic.uchicago.edu/insights/on-the-geographic-implications-of-carbon-taxes/?utm_medium=social&utm_source=twitter&utm_campaign=socialmedia
An amazing article in today´s https://www.science.org/doi/10.1126/science.ade9097. "Cicero", an AI agent trained to use dialogue, to plan ahead, to lie, to negotiate, in "Diplomacy." I enjoyed reading how just training it well was not enough for success- had to respect human conventions
Via @emollick
The tech story of 2022 to me is the huge progress of AI. GPT 3, DALLEE, now GPT-4 coming... Everyday we hear of a huge step forward. Here is another stunner.
RT @emollick: AI has been destroying humans at adversarial games, like Chess or Go, for a bit.
But now it is successfully outperforming humans at Diplomacy, the classic multiplayer game that requires natural language negotiations over chat, as well as strategic lying. https://t.co/e6V7pHQnkO
RT @emollick: AI has been destroying humans at adversarial games, like Chess or Go, for a bit.
But now it is successfully outperforming humans at Diplomacy, the classic multiplayer game that requires natural language negotiations over chat, as well as strategic lying. https://t.co/e6V7pHQnkO
Today we lost a wonderful singer songwriter, the cuban Pablo Milanés. He wrote some of the most beautiful love songs ever. Here is one
RIP
https://www.youtube.com/watch?v=Ryw3HklB6ko
@emollick Original paper documenting this claim and originating this literature ;-)
For those of us who love football, World Cups are gripping, thrilling, exciting.
Instead, everything is wrong with this one- the corrupt award, the time of year, the fake fans, the human rights violations.
Valientes iraníes desafían a su dictadura al no cantar el himno
Cobardes europeos no somos capaces de plantar cara ni a la FIFA por los derechos humanos.
RT @gideonrachman: Brave Iranians not singing the anthem.
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
