🎓 We kicked off the new year with two excellent seminars at our MPI: @pedrocsb.bsky.social from @ox.ac.uk and @mettegoertz.bsky.social from the University of Copenhagen! A great start to the seminar season! 🧵⬇️ 🙏 Many thanks to you for two fascinating talks and inspiring discussions!

Featured on INOMICS: PhD Positions at IESE Business School (Barcelona) #Econsky

Are you an economics student interested in how microeconomics can be applied to public policy issues? 📊 Apply for our Summer Student scheme offering paid placements in an IFS research term this summer– find out more and apply here by Sunday 11 January: app.beapplied.com/apply/xkr9pu...

It has become received wisdom in Brussels and Washington that there is a new “euro-sclerosis”: that the EU economy is lagging the US This view is wrong A little primer on the measurement of productivity – and why reports of the economic death of Europe are greatly exaggerated🧵

Adjusted for the difference in price level, GDP per capita has grown 70% in the US since 1990 vs. 63% in the EU27 This corresponds to an annual growth rate of 1.6% in the US vs. 1.5% in the EU. The US has been doing better post-Covid, but over the medium run no big divergence

Core EU has 290 million inhabitants: it's a bit smaller than the US (340m) but not much so The key fact is that productivity in this core EU is essentially the same as in the US: €60 per hour (corrected for price differences) using the most recent WID.world data prod.wid.world/www-site/upl...