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
Precioso recuerdo de un día de campaña por @nachoprendes en @elmundoes . ¡Muchas gracias!
RT @nachoprendes: Hubo un tiempo en que los mejores dieron un paso al frente, entre ellos @lugaricano siempre fue el nº 1, y en su marcha del PE surgió este recuerdo @elmundoes
RT @Noahpinion: A chart of global manufacturing output in 2018.
(ht @lichunan)
@ben_golub what happened?
.@JohnHCochrane who has been right all along about inflation, in the @WSJ: monetary policy is not enough; to fight inflation we need sustainable fiscal policy and economic reform as well, like NZ, Israel or Canada in the 90s.
https://www.wsj.com/articles/the-federal-reserve-cant-cure-inflation-alone-recession-interest-rates-unemployment-credit-spending-costs-11656344123
Critical race theory is appropriate in universities, but not schools, Bonnie Kerrigan Snyder @TheEconomist https://www.economist.com/by-invitation/2022/07/14/critical-race-theory-is-appropriate-in-universities-but-not-schools-says-bonnie-kerrigan-snyder
Outstanding @arthurbrooks @TheAtlantic column on happiness research (and philosophy!) findings.
"Happy people love people and use things. Unhappy people love things and use people"
@JorgeBustos1 Mis mayores héroes. Lo que hicieron, para los que lo vivimos, era de una heroicidad asombrosa. D.E.P.
RT @voxeu: Recorded by @econfilm at #CEPRParisSymposium, @lugaricano @RenewEurope suggests a more efficient and faster solution to end Putin’s war would be to impose a tariff on oil and gas imported from Russia.
https://www.youtube.com/watch?v=1WWv9xsm31w&feature=youtu.be
RT @HansGruener: Right. In this regard, there is a notable difference between OMT and TPI:
ESM conditionality under OMT was a strict necessary condition. Instead, the four criteria for the activation of TPI are merely guidelines for the ECB, similar to the now obsolete capital key under PEPP.
@sevillajordi Muchas gracias Jordi, lo mismo digo. Estoy muy orgulloso de lo que conseguimos pactar, por su nivel de detalle y por su ambición.
Read @Lagarde's explanation and judge for yourself.
Example: an spread with Meloni as PM is justified (hence no buying Italian debt inviting potential financial crisis), but same spread with PM Draghi is too big, and reason to intervene?
This is probably economically correct, but politically monstrous.
But...is the new @ecb mechanism legal? An excellent thread arguing yes, it is.
RT @armin_steinbach: The Transmission Protection Instrument is out. As always, there will be lawsuits (typically brought by German professors).
But the design of TPI is in line with previous case law by European Court of Justice and German constitutional court. A 🧵
https://www.ft.com/content/c5499acd-0271-458d-8363-9e75633399ee
RT @armin_steinbach: The Transmission Protection Instrument is out. As always, there will be lawsuits (typically brought by German professors).
But the design of TPI is in line with previous case law by European Court of Justice and German constitutional court. A 🧵
https://www.ft.com/content/c5499acd-0271-458d-8363-9e75633399ee
RT @JohnHCochrane: @lugaricano Monetary union without political union can work fine. Countries that can't repay debts default. Investors who earned high yields lose money. ECB does not print money to rescue county debt, corporate debt or green debt. "Whatever it takes" can be a lot, ECB is discovering.
Muchas gracias @cultrun por tus palabras. Espero que te equivoques y el impulso reformista no muera, aunque coincido contigo en que está en horas bajas.
RT @JorgeBustos1: No fue un sueño.
Esta tribuna de @nachoprendes sobre el adiós a la política de @lugaricano: https://www.elmundo.es/opinion/2022/07/21/62d924e0fc6c834f7b8b45c3.html
Really worth watching for the hard-to-believe awfulness of delivery, structure and content.
RT @ricbdc: The level of this speech is mind blowing and the delivery looks like a comic show. Unreal that the UK 🇬🇧, a country I first discovered when I was 13, and where I spent so many good years of my adult life is turned into this 😟
@ElnAlfaro @FT Gracias, Elena @ElnAlfaro!
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
