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1.3M views
RIP. Bob Solow an absolute giant in Economics, has passed away at age 99. Tremendously influential in the profession and one of the key founders of the MIT Economics department as we live it today. Will be sorely missed.
954.3K views
Inflation, what is its most proximate cause? What is the right general framework to think about this messy phenomenon?
Very excited to put out this new paper exploring a generalized "conflict" perspective as the right answer.
Paper here: https://t.co/rfTCZ2GEt9
🧵a thread...
345.1K views
What are the costs and benefits of giving up your own currency to adopt a foreign one? Of "Dollarizing"?💵
Ecuador, El Salvador, Zimbabwe did it in 2000s. Panama way back. Argentina tangoed with it and recent proposals have gained traction.
A thread on new 🇦🇷⭐️⭐️⭐️paper...
161.6K views
How Tariffs Affect Trade Deficits...
... a new paper with amazing trade economist Arnaud Costinot.
Many politicians and the general public expect tariffs to reduce imports lower imports and thus work to close a trade deficit.
Economists typically say "not so fast"...
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🔥 Top post: RIP. Bob Solow an absolute giant in Economics, has passed away a · 1.3M views
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RIP. Bob Solow an absolute giant in Economics, has passed away at age 99. Tremendously influential in the profession and one of the key founders of the MIT Economics department as we live it today. Will be sorely missed.
How Tariffs Affect Trade Deficits...
... a new paper with amazing trade economist Arnaud Costinot.
Many politicians and the general public expect tariffs to reduce imports lower imports and thus work to close a trade deficit.
Economists…
Realmente es criminal lo que hizo Massa. Es algo que tiene que ser repetido hasta el cansancio.
A un mes de la presidencia de @JMilei mi reflexión en lo económico es que las cosas van mejor de lo que esperaba, por una simple razón...
...y no se trata de shock vs gradualismo...
...veo una verdadera ambición de hacer cambios profund…
Me parte el alma ver esto. 💔
Sí, se puede discrepar sobre el nivel de gasto o redistribución. Respeto eso.
Pero carece de sentido decir que siempre es bueno bajar impuestos. Hay que cerrar el deficit. Y elegir los impuestos menos malos.
…
Dejo prometido acá que
Si alguna vez mis acciones llevaran a que mi país pierda algo si como 16 mil millones dólares tendré un poco de autocrítica. Hasta creo que me entrarían serias dudas de mi capacidad o marco conceptual.
Honestamente…
What are the costs and benefits of giving up your own currency to adopt a foreign one? Of "Dollarizing"?💵
Ecuador, El Salvador, Zimbabwe did it in 2000s. Panama way back. Argentina tangoed with it and recent proposals have gained traction…
Inflation, what is its most proximate cause? What is the right general framework to think about this messy phenomenon?
Very excited to put out this new paper exploring a generalized "conflict" perspective as the right answer.
Paper here:…
What is the causal effect of a change in expected inflation on actual inflation? Which expectations matter most: short- or long-run?
In a new paper I try to address these questions. A link to a very early draft (updates coming soon):
http…
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