The guy proceeds to set out the costs and benefits for himself. Seems oblivious to the fact that the collective effect of people like him doing those evaluations is to sustain the platform, its traffic, and the reach of Musk's propaganda project. It's not that hard guys!

Employment v. output indicators #EconSky econbrowser.com/archives/202...

Tragic death of John Leahy. An amazing economist, wonderful adviser, consistently modest and kind, he will be greatly missed. May his memory be a blessing.

This all sounds right but the devil is in the details. Discussions on digital money somehow keep ignoring the difficulties in managing the details and they obsess too much with some broad concepts (decentralization, tokens..) that cannot be on their own a solution to anything.

Check out our new data visualization platform to explore local economic conditions and policies targeting place in the US: "The Economy in Place." economyinplace.com

A reminder: stablecoins do not truly trade at 1:1. Fees are not zero and can be higher than transfers using traditional banks (same currency). This is what Martin Wolf calls lack of singleness. www.ft.com/content/a5f4...

I am a big fan if CORE and it was great giving the award to Wendy

Following her fireside chat on the Future of Higher Education CEPR is proud to announce Wendy Carlin was awarded the Lifetime Service to the Profession for her contributions to The CORE Project, increasing access and changing the way economics is taught. Our heartfelt congratulations to Wendy!

UPDATED - graph of nowcasts w/dispersion GDPNow, Goldman Sachs at 3.5% q/q AR, St.Louis Fed ~ zero #EconSky @atlantafed.org @stlouisfed.bsky.social NY Fed, @philadelphiafed.bsky.social econbrowser.com/archives/202...

The Nobel Prize committee should announce the World Cup winner tomorrow

Manufacturing snapshot - Sept production, Nov employment #EconSky econbrowser.com/archives/202...

BOOOOM.

F Coelli, P García Guzmán, & E Nilsson discuss the macroeconomic impacts of ageing & how many regions are getting older before getting richer. Policy solutions include labour force participation by women & older adults, tech for productivity, & increased migration. cepr.org/voxeu/column... #EconSky

Domestic firm-to-firm transaction data & customs records show Italy's exposure to external risks, such as US tariffs and a sudden stop of Chinese supplies, is far larger than standard trade stats suggest. @fpconteduca.bsky.social @fabrizioleone.bsky.social et al cepr.org/voxeu/column... #EconSky

Pierre Dubois (@tse-fr.eu) argues that to promote sustained innovation in pharma alongside affordable access, drug-pricing policy must integrate global spillovers in design, such as through coordinated value-based pricing, global innovation funds, etc. cepr.org/voxeu/column... #EconSky

Second edition of the @cepr.org eBook on the economic consequences of the second Trump administration. Most chapters updated with what has happened since the first edition. Free to download. Link: cepr.org/publications...

Hard to assess the risk when Tether does not share much information on its balance sheet. But they have been open about adding riskier assets, some of which are not doing great. Fixed exchange rates can last for long periods of time and then crash in a matter of seconds. www.ft.com/content/9749...

Who could see this coming…

No es país para jóvenes nadaesgratis.es/admin/no-es-... Vía @nadaesgratis.bsky.social #Economía

The United States is no longer providing any financial support for Ukraine according to Kiel's tracker - and has not been for a few months now (although I do wonder how one counts the intelligence support). Europe is footing the bill alone.

What does this remind me of...October 1999 Kevin Hassett's Dow 36,000 that argued that stock market was a bargain and it should more than triple in value

European defence governance and financing. Because Europe cannot be blackmailed any longer. If not now then when? @voxeu.org @cepr.org @kiel.institute cepr.org/voxeu/column...

You know you are in a bubble when financial advisors “hedge” their opinion by saying do not sell but hedge against the risk of a crash.

Simple point to be made to Trump by Europeans. His proposed deal with Putin is as threatening to the rest of Europe as it is humiliating for Ukraine. Rejecting it is not "siding" with Kyiv, but unavoidable to safeguard security of every European democracy......

The fact that Bitcoin's price has gone down despite very favorable regulatory views from the US administration proves the obvious point: valuations of assets without fundamentals can be very subjective

Very reassuring... (from the US peace plan). Source: www.ft.com/content/79ee...

TEN MONTHS IN: The national debt is higher. The trade deficit is wider. The inflation rate has worsened. The unemployment rate is up.

Only leverage works with Trump. on.ft.com/4oSjE0g

Brilliant chart from paper being presented at IMF 13th Statistical Forum by Robert Zymek (IMF Research Department), "Bilateral Trade in Services: Insights from a New Database," showing how the trade networks differ between goods and services according to the new data. www.imf.org/en/news/semi...

Wrong headline. Since Trump's victory and therefore anticipation that tariffs were coming, average trade balance -90 billion USD. In the previous two years -72 billion USD. Looking at one month makes no sense. www.nytimes.com/2025/11/19/u...

How far apart is Miran from Taylor? #EconSky econbrowser.com/archives/202...

For folks (and journalists) who want to search the Oversight Committee email texts, I made a database for searching the 20k text files: splendorous-chaja-f79791.netlify.app

Long expansions can create inefficiencies and complacency but the evidence on hysteresis suggests that recessions do not increase aggregate growth, quite the contrary.

New @cepr.org book on digital finance. A must read for current debates on CBDC, stablecoins, regulation, etc... And it is free to download. cepr.org/voxeu/column...

8-hour workday led to + employment in Denmark, especially among unskilled & female workers. Earnings fell in provincial towns but less in Copenhagen, where union membership was higher & wages rose to offset shorter hours. M Fredagsvik Gunnesmo, C Worm Hansen cepr.org/voxeu/column... #EconSky

A Kato & H Nishiyama find regional trade agreements have positive effects on exports to other countries from overseas Japanese manufacturing multinationals, suggesting that they have optimised their cross-border supply chain networks through free trade agreements. cepr.org/voxeu/column... #EconSky

Patrick Imam and Tigran Poghosyan show that despite earlier and sharper tightening, inflation targeting central banks did not achieve systematically better outcomes than their non-targeting peers during the 2022 global inflation surge. cepr.org/voxeu/column... #EconSky

From CER: What the Dutch elections mean for the Netherlands and for Europe. www.cer.eu/insights/wha...

Francesco Bianchi, Era Dabla-Norris, & Salma Khalid show that most people dramatically misjudge debt levels and lose trust in their governments with every budget cut. They also believe that debt stabilisation efforts will disproportionately penalise them. cepr.org/voxeu/column... #EconSky

Efraim Benmelech & Joao Monteiro use data for 115 conflicts over the past 75 years and document large and persistent declines in output, investment, and trade following the onset of war, with no evidence of recovery even a decade later. cepr.org/voxeu/column... #EconSky

David Martinez-Miera & Carlos Sunyer examine how an increase in political polarisation impacts a region's capacity to attract human capital. They leverage Spain's centralised system of medical resident placements and the 2017 Catalonia referendum as a case study. cepr.org/voxeu/column... #EconSky

A Bonfiglioli, R Crinò, M Filomena, & G Gancia find that local #AI growth raises emissions by boosting economic activity and energy use. It also leads to power generation becoming more carbon-intensive as plants shifts from renewable to non-renewable sources. cepr.org/voxeu/column... #EconSky

FBI fires top official amid Kash Patel’s outrage over reports of agency jet use

Dropping a beta version of this page while everyone is up and processing baseball! This tool lets you search the full text of papers from the American Economic Review, American Economic Journal series, and over 30,000 NBER working papers. paulgp.com/econlit-pipe...

11 states w/negative GDP growth, 10 states w/negative employment #EconSky econbrowser.com/archives/202...

Bipartisan group of big-name economists (including Bernanke, Yellen, Nobel laureates Acemoglu & Johnson, etc) in amicus brief urge SCOTUS to throw out Trump's reciprocal tariffs. www.supremecourt.gov/DocketPDF/24...

Nearly a decade after the #Brexit vote, new research shows how images, not just headlines, shaped public perceptions. Wanyu Chung (University of Birmingham) talks to @talknormal.co.uk about the visual politics of Brexit, using AI to measure emotion in media photos. cepr.org/multimedia/v... #EconSky

The podcast version of our BPEA paper on “Who bears the burden of climate inaction?” (thread below, with @cwolfram.bsky.social and @knittelmit.bsky.social) just dropped . www.brookings.edu/articles/how...