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
Me alegra mucho ver a @EPoptcheva continuar el trabajo con la creación de la agencia Antiblanqueo.
RT @EPoptcheva: Hoy en @CincoDiascom explico la importante labor que estamos realizando en el Parlamento Europeo para dar con el dinero de los oligarcas.
It was about time Yale Law moved to protect Free Speech.
As an Alumn of @UChicago, very proud that when other top institutions want to claim they will protect free speech, they use the University of Chicago as the benchmark. (https://law.yale.edu/yls-today/news/message-our-alumni-free-speech-yale-law-school)
RT @HannoLustig: QE works only in practice, not in theory, but it seems like QT works neither in practice nor in theory.
"The UK is uniquely facing a trade shock"
Brexit: the self-inflicted wound that will keep on bleeding for decades.
RT @Haggis_UK: Sanjay Raja(Chief UK Economist, Deutsche Bank) - "The UK is uniquely facing trade shock... the UK's trade balance is at a historic deficit... we haven't seen this since 1955, since national account records began.. "
@ben_golub Wait there has been another war going on and I have not noticed?
RT @ivarelad: Rafa Latorre: En recuerdo de Mas
@FinanceatMIT @ProfJAParker Another one in a list of well deserved prices! Congratulations dear Antoinette!
Esta mujer era una pediatra especializada en transplantes de médula ósea. Tras llevar a su hijo a la guardería, fue asesinada por un misil ruso sin propósito militar alguno.
Todas las víctimas del terrorismo de estado ruso son seres humanos. Todas tienen su historia.
RT @pravda_eng: Oksana Leontieva, a doctor in children's bone marrow transplant department, took her 5 year old son to kindergarten yesterday and was driving to work …
RT @Mij_Europe: A senior EU official tells me that “Poland and the Baltic states have donated 1/3 of their ENTIRE military to Ukraine”
Really puts Germany & France's contribution into perspective. Both need to do more
Is this a credible threat? Can they do this for real? (end support on Friday, given this wild market reactions)
RT @EdConwaySky: Gosh
Just look at what happened to the pound when @bankofengland Governor Andrew Bailey told investors its emergency support will definitely end on Friday.
"You've got three days left now," he said. "You've got to get this done."
Interestingly, Russia has no storage for the 8m barrels a day it is producing (7.6 in August).
And any well that is turned off might never go on again. So they must sell at any price.
In 2020, with Brent at $20, Russia continued supplying
3/4
https://www.energyintel.com/0000017f-6982-d580-a37f-f99bdebb0000
Taking the oil offline in EU is not sufficient-- the world oil price will increase, and whatever oil is sold by Russia will be more expensive. The G7 must implement together a price cap, and extend it worldwide. No oil should be sold over that price.
https://www.reuters.com/markets/commodities/economists-back-russian-oil-price-cap-letter-yellen-2022-10-11/
4/4
Forget the headline, Russia is getting enormous oil revenues in spite of all sanctions. It funds most of the war effort. $350bn in 2022, according to @kse. Compare to Russian budget of $450bn in 2023
2/4
https://www.bloomberg.com/news/articles/2022-09-29/russia-s-secret-spending-hides-over-110-billion-in-2023-budget
https://www.bloomberg.com/news/articles/2022-09-13/russia-energy-revenue-drops-to-14-month-low-on-sanctions-fallout
Together with a group of 16 economists, I have written a letter to Secretary Yellen in favor a price cap on Russian Oil exports [Short thread]
1/4
RT @baselinescene: Letter to Treasury Secretary Janet Yellen: In Support of a Price Cap on Russian Oil Exports https://baselinescenario.com/2022/10/11/letter-to-treasury-secretary-janet-yellen-in-support-of-a-price-cap-on-russian-oil-exports/
Los Verdes alemanes lo ven, ¡hasta Greta lo ve!: No tiene sentido cerrar las nucleares que ya están en marcha si vamos a tener que sustituirlas por combustibles fósiles
¿Qué hace falta para que que nuestro gobierno hiper-ideologizado lo vea?
RT @JavierBlas: German TV interview with climate activist @GretaThunberg
Are the nuclear power plants the better choice for the time being now?
"If we have them already running, I feel that…
¡Bravo, Alemania!
RT @bopanc: Game changer: Germany has delivered its cutting edge aerial defence system Iris-T SLM to Ukraine. The €140m system can protect an entire city the size of Kyiv from any aerial attack, including missiles, drones etc. Three more will be delivered soon https://www.spiegel.de/politik/deutschland/ukraine-hat-deutsches-luftabwehrsystem-erhalten-iris-t-a-c3302cf3-1b72-4ab4-9741-6baf379b082c?d=1665498694&sara_ec…
RT @GuyVerhofstadt: Europe's ineffectiveness in this crisis keeps blowing my mind 🤯
US gives 2x support to 🇺🇦 than EU + Member States combined
Europe is slow to pledge and even slower to deliver
Compared with what we see coming from Moscow this is political amateurism & geopolitical madness
@Descartesrh Gracias!
RT @SVNieuwerburgh: A beautiful tribute to Jacques Dreze, one of the most accomplished Belgian economists, illustrious Columbia PhD graduates, and quantitative macro-economists ever: https://www.econometricsociety.org/sites/default/files/inmemoriam/IN%20MEMORIAM%20Jacques%20Dr%C3%A8ze.pdf
Pablo, ¿ cuál es la fuente del analisis de Krastev? Ni aquí ni en el artículo lo ligas.
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
