This is a direct result of EU's carbon tariffs. www.bloomberg.com/news/article...

I am beyond excited to announce that ggplot2 4.0.0 has just landed on CRAN. It's not every day we have a new major #ggplot2 release but it is a fitting 18 year birthday present for the package. Get an overview of the release in this blog post and be on the lookout for more in-depth posts #rstats

Highest level of support since Gallup started asking this question a quarter century ago

In Paris for a crucial meeting of the Coalition of the Willing on security guarantees. We have been working on 3 core tasks. Turning Ukraine into a steel porcupine. Building a Multinational Force for Ukraine backed by the US. Reinforcing Europe’s defence posture. Let’s now move forward.

Fascinated that In Our Time is one of the BBC’s most popular podcasts among under 35s. The young people demand three academics and a peer discussing Demosthenes, apparently. And they’re right to do so.

A huge moment -- Melvyn Bragg steps down from In Our Time after over a quarter of a century. What a programme and what a legacy! Just a model for how to make great, clever, engaging radio, and a twenty-seven-year experiment that proves there's a huge global audience for smart, scholarly programming.

🧵 1/ Over 20% of global banking debt is booked in #TaxHavens. Why do international banks rely so heavily on low-tax jurisdictions with tiny economies? Our latest Working Paper provides the first global evidence of large-scale debt shifting to avoid taxes 👇 www.taxobservatory.eu/es/publicati...

The SOUTHMOD bundle is here! Governments & researchers can now test reforms before implementation for better policy design. What’s new? ✅ Revamped Statistics Presenter ✅ Visualizations on poverty & inequality ✅ Indirect fuel subsidies included 👉 go.unu.edu/ijINF

The water level in the Vistula, Poland's longest river, has fallen to a new record low of just 5cm in Warsaw amid continued hot, dry weather. For more on the situation, see our report from last week: bit.ly/42bQ1xo.

Some students and people around me are skeptical, apathetic, or simply indifferent to climate change. Lately, I’ve found myself rattling them by saying: “You know, all of this 👇🏾 will mean more unpredictable and intense turbulence that will make travel much harder and at some point impossible.”

“Scientists have warned previously that Amoc collapse must be avoided “at all costs”. It would shift the tropical rainfall belt on which many millions of people rely to grow their food, plunge western Europe into extreme cold winters and summer droughts, and add 50cm to already rising sea levels”

NEW DATA | In the 12 months to June, 53% of New Mexico’s electricity came from wind and solar power ☀️ 20 years ago, fossil fuels made up 98%. 10 years ago, still 91%… 12 months to June 2025? Just 46% 🤯 Electricity transition made in 🇺🇸, powered by ☀️ and 🍃

A new piece I wrote appearing in FOREIGN AFFAIRS today www.foreignaffairs.com/germany/warn...

This is an important point re the CIT & inequality. Our recent work highlights that the decline in CIT has incentivised incorporation in the OECD. The revenue costs of CIT cuts aren't seen just in CIT, but in PIT as well. One of the reasons why CIT revenues remain bouyant in spite of rate cuts.

(1/3) Kudos to @gabrielzucman.bsky.social, Danny Yagan, Emmanuel Saez, and Akcan Balkir; this paper makes excellent points about taxing top incomes. ** The corporate tax is an important (if now smaller) part of taxing the top; it is a ready-to-go way to reach unrealized capital gains.

Just published in @jpube.bsky.social: "Wealth tax enforcement in Sweden: Filing requirements and pre-populated returns" By Emmanuel Saez & David Seim www.sciencedirect.com/science/arti... #econsky #publiceconomics

Proud!

I have a new research paper that explores the question of whether the gains of new technologies could be more equitably shared between firms and workers. Excited about the results ("win-win" outcomes are possible!) and expanding the scope of this research going forward! Check it out:

Are win-win outcomes possible with #AlgorithmicManagement? Discover how German firms engage workers to boost both productivity & job quality. What could this mean for your workplace? See latest analysis ➡️ oe.cd/68J #OECDAI | @oecddigital.bsky.social @annamilanez.bsky.social

Gaza doctors ‘becoming too weak to treat patients’ as hunger crisis deepens

Not a great looking graph for Ireland when it comes to support for Ukraine - in today’s FT.

A horrifying statement published today by the Editorial Committee of the Agence France-Presse (AFP) news agency. "Without immediate intervention, the last reporters in Gaza will die" Translation from French to English by @cnorristrent.bsky.social:

Kudos to the @oecd-ocde.bsky.social for engaging with and citing the growing literature on the effectiveness of the Common Reporting Standard There are many organizations out there who would rather choose to ignore evidence of imperfection! www.oecd.org/content/dam/...

Genuinely cannot be emphasised enough.

Appreciate that @theonion.com publishes this as a St. Paul, Minnesota story about a research paper in the Journal of Economic Perspectives. theonion.com/study-majori...

Dismantling Mafia connections leads to more bank credit to legitimate businesses, raising local output and #productivity. Tighter #crime controls can strengthen the #banking system and wider economy. B Buchetti, M Fabrizi, E Ipino, I Miquel Flores, A Parbonetti cepr.org/voxeu/column... #EconSky

The best book in comparative politics of the last few years. Great to see this recognition.

#CallforPapers for Philippe Martin Award 2025 For junior scholars working in: – International Econ – Economic geography – International macro/finance Winner will present at the #CEPRParisSymposium @sciencespo.bsky.social 🗓️ Apply by 31 July 2025: cepr.org/events/phili... #EconSky #EconConf

Fewer reporting requirements had large negative effects on French wealth tax compliance, w/ 35% of wealth taxpayers missing in affected brackets & evading 10% of payments each year. @bgarbinti.bsky.social @s-stantcheva.bsky.social @gabrielzucman.bsky.social et al. cepr.org/voxeu/column... #EconSky

Anticompetitive regulations in upstream sectors curb long-run economic performance in downstream sectors. Across the OECD, #deregulation in network industries between 1980-2023 raised labour productivity by about 5%. D Andrews, B Égert, C de La Maisonneuve, C Castle cepr.org/voxeu/column... #EconSky

A new, detailed proposal on how to transform ESMA into the single supervisor that EU capital markets need.

This looks great.

Female PhD students (in economics) benefit tremendously from having female faculty around. When female professors go on leave, it decreases third-year female PhD students’ likelihood of publishing & securing academic positions. papers.ssrn.com/sol3/papers....

The spring of 2025 has been the UK’s sunniest and warmest on record. Here's how the intense heat is affecting Britain: www.ft.com/content/650c...

#Resilientsupplychains comes from managing risk—not isolation. OECD modelling shows that relocalising supply chains could cut trade by 18%, reduce GDP by 5%, and fail to improve stability. Learn more🔗 www.oecd.org/en/publicati...

This is a lovely post comparing algorithms to compute OLS coefficients

Huzzzzahhh! The potential here for Europe is so enormous. And it all basically amounts to a free lunch. Big European Council summit coming

Great piece by @martinsandbu.ft.com in today’s FT. As I wrote back in April, the EU’s best response to Trump’s tariffs would be to issue more EU debt. My preference however is for ramping up genuine EU debt issuance, not settling for synthetic asset solutions. www.bruegel.org/first-glance...

🚨New working paper🚨 w/ @jeannebomare.bsky.social We use data leaked from the Isle of Man to understand how well international agreements meant to provide tax authorities with info on foreign accounts actually work We find that tax authorities probably receive a lot less than they would desire 🧵👇

The Wolf-Krugman Exchange: The economy in an uncertain world https://on.ft.com/45x8t6o | opinion

It's incredibly hard to solidly estimate the share of global trade happening *within* firms (intra-firm/arm's length trade). But using linked US BEA and consus data, this new paper finds a lower bound of about 75% of corporate affiliates in North America trading with their US parent

Analyzing US multinational enterprises' trade flows using newly linked customs transaction data and their production networks, revealing intrafirm linkages and trade frictions in regional supply chains, from Alfaro, Conconi, @fkamal.bsky.social, and Kroff https://www.nber.org/papers/w33887

Interesting piece on how to maximise the crowding in of investment through defence spending - R&D is one of the best routes to do this on.ft.com/3FJizq0

The thing that is particularly noteworthy here - to me at least - is that effective tax rates (i.e. what's actually paid) have *increased* recently. This aligns with OECD data (which uses a different methodology). It might be the first time in 40 or 50 years that such a broad increase has happened.

Hell yeah www.vulture.com/article/new-...

As the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (phew) reaches *150* signatories, it is my lot in life to remind you that it remains one of the most incredible and underrated triumphs of multilateralism in the globalization era www.oecd.org/en/about/new...

Martina is a fantastic choice here! This is great news!!

Very proud that my wife, Martina, has been appointed to be Director of the ESRI. My father, Chris, worked at the ESRI for almost all his career. He passed away in 2022 but I know he would have been incredibly proud as would my mother, Yvonne, who we lost in January. www.rte.ie/news/busines...

'Bluesky has overtaken its flailing rival X in hosting posts related to new academic research, indicating the platform is fast becoming the go-to place for scholars to share their work.'

I am hiring a Junior Economics Researcher at UPF Barcelona. Please apply if you are interested macro, market power, labor euraxess.ec.europa.eu/jobs/332002 #EconJobs #AcademicJobs #Economics #JobAlert