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 @lugaricano: ¿Ha aumentando la cantidad de trabajo (medido en horas trabajadas) que se hace en nuestra economía desde que entró este gobierno en mayo del 2018?
No (línea roja). Fuente: INE, contabilidad nacional.
¿Ha aumentando la cantidad de trabajo (medido en horas trabajadas) que se hace en nuestra economía desde que entró este gobierno en mayo del 2018?
No (línea roja). Fuente: INE, contabilidad nacional.
RT @greg_ip: Although my column doesn't cite his work, Eric Leeper of the University of Virginia did seminal work on the fiscal theory of the price level, in particular this 1991 paper https://t.co/JE5VKMfFuW H/T @JohnHCochrane
¿Por qué el mejor octubre del milenio, incluida la burbuja?
La maravillosa contabilidad del gobierno: los fijos discontinuos no aparecen como parados cuando dejan de trabajar.
(¡Tampoco como temporales cuando trabajan!)
If you do not have access behind the paywall to read @greg_ip's good write up about the Fiscal Theory of the Price Level (https://www.wsj.com/articles/to-solve-inflation-first-solve-deficits-this-theory-advises-11667391310) read @JohnHCochrane's summary instead. Otherwise, read the article and *then* John's response.
RT @JohnHCochrane: The Grumpy Economist: Ip on FTPL https://johnhcochrane.blogspot.com/2022/11/ip-on-ftpl.html?spref=…
RT @R2Rsquared: I never had the good fortune of meeting Denis Gromb ( loved reading some of his papers), but I have been very moved reading the many tributes to him these past days. Below, the one from the @FMG_LSE (by Dimitri Vayanos).
RT @DonskerClass: This very long awaited work on the statistical properties of macroeconometric models is finally out.
I believe the content of the critique deserves to be taken seriously by those of us working in the area.
RT @Amparopolo: En este pódcast os explicamos hace unos días qué significaba la subida de tipos del BCE. Hoy tiene actualidad tras la nueva subida de tipos de la Fed. Con @lugaricano
PÓDCAST | El BCE vuelve a subir tipos en 75 puntos básicos, ¿qué supone esta medida? https://www.expansion.com/podcasts/2022/10/27/635a72fc468aeb03698b45a5.html
@raffasadun Have not tried it, but @estebanmoro has. The news does not appear good
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RT @estebanmoro: In the last few days, there was a lot of activity in #mastodon. I opened an account and saw many on my timeline moving there. Here is a thread of my thoughts of the new social media platform so far 🧵👇
@donweinland Surely they can do better on vaccines? Is it just pride? geopolitics? What is preventing Xi from licensing Moderna?
Credit Suisse rating near junk. For a big, global, systemic bank, an unsustainable position that implies necessarily deposit withdrawals (particularly from their key high net worh clients) and makes it more expensive to raise the money (Gated: https://www.wsj.com/livecoverage/federal-reserve-meeting-interest-rate-hike-november-2022/card/credit-suisse-moves-closer-to-junk-status-hHmtlhRynjdvhWDVgNuG)
UBS chairman has not developed the sense of shame.
"We are not reading the American press, we are very pro-China."
RT @xinwenfan: Kelleher seems to have tried to emphasis on opening up Zero-Covid. Would he get what he wishes in this approach echoing Fang Xinghai, rhetorically or not?
.@ben_moll concluded today his epic thread on gas substitution. He started arguing there would be substitution without huge drops in employment and GDP, reality came behind to show why he (and serious economists) were right
A nice summary slide deck a bit higher up on thread.
RT @ben_moll: Third, a parting thought:
There's good economics in which households & firms reduce demand and substitute as prices rise, demand curves are dow…
Postmaterialismo, otra vez: Bolsonaro avanzó en los lugares más pobres y menos blancos, Lula (con respecto a Hadad) en los en los lugares más ricos y más blancos.
RT @davidshor: Mirroring trends seen elsewhere in the world, Lula gained the most ground relative to Hadad on Sunday in richer, whiter parts of the country.
Bolsonaro did worse in most of the country but still managed to outperformed his 2018 vote in the poorest and least…
The smooth exit of (even) Bolsonaro reminds us of how uniquely deranged and evil Trump is-- truly in a class of his own.
@shashj If they were planning such a thing, would they be sending drones and missiles to Russia?
RT @masuch_klaus: Thanks @HannoLustig. Does the Fed, due to large reserves (, slow QT) and higher rates, now create a kind of FISCAL stimulus (higher consolidated public debt) that may partly counteract the MONETARY tightening? A side effect of past QE? @JohnHCochrane @lugaricano @Francesco_Bia
For the record, I do not agree with Martin's characterization: US/Europe is under no obligation to provide technology that will be used against us in case of a conflict. Mr. Xi has made clear conflict (an invasion of Taiwan) is in his mind.
RT @lugaricano: Dark article by @martinwolf_ about how the current era of globalization will end: with war, he fears, most likely nuclear war.
Calls recent US decisions blocking exports of semico…
Dark article by @martinwolf_ about how the current era of globalization will end: with war, he fears, most likely nuclear war.
Calls recent US decisions blocking exports of semiconductor to China "an act of economic warfare" (gated: https://on.ft.com/3T06kGe)
This thread is the best homage to Denis Gromb. A wonderful human being.
RT @AdrienMatray: Today, I lost a friend, a mentor, and a role model in academia and life in general and the world is a bit colder and less welcoming now that Denis Gromb left us. Denis was a model of generosity, care and attention to others and in particular PhDs ad APs. Even though he was at
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
