Corruption and Economic Growth, Mo, Pak Hung 1999 www.sciencedirect.com/science/arti... "we find that a 1% increase in the corruption level reduces the growth rate by about 0.72%"

Le détroit d'Ormuz désormais bloqué en garde alternée entre les USA et l'Iran

Incroyable, une révélation. Lorsque le législateur crée un dispositif par lequel lorsque les entreprises dépensent leur argent en faisant X, cette dépense donnera lieu à un crédit d’impôt, les entreprises décident de faire X parce que cela réduit leur imposition. Je suis bouleversé.

This is crazy stuff

What is the whole odyssey if not a penelope cruise

« environ 4 % des hommes russes âgés de 18 à 49 ans (1,3 million de personnes) ont été tués ou grièvement blessés depuis 2022. » www.lemonde.fr/idees/articl...

Could Trump and Xi have done better when they met? In my guest essay for @nytopinion.nytimes.com, @chadpbown.com And I say YES. www.nytimes.com/2026/05/17/o...

Really interesting: AI makes writing easier, but makes texts harder to understand open.substack.com/pub/orgsci/p...

European (collectively) steel policy is a mess that won't be rectified with tariffs and subsidies, but that's probably what's going to happen at cost to the wider manufacturing sector. www.ft.com/content/501e...

That's quite the chart

Pick a Bond from photos you already have in your phone

Edmund Phelps est mort. Voici ce que j’avais écrit sur son Nobel en 2006 econoclaste.eu/econoclaste/...

"The Economics of Paid Sick Leave." Stefan Pichler, Christopher Prinz, Stefan Thewissen, Nicolas R. Ziebarth Journal of Economic Perspectives www.aeaweb.org/articles?id=...

Ça va vite.

“.. the programme has not provided a single dollar of cover.” @financialtimes.com #Hormuz www.ft.com/content/eaba...

Why birth rates are falling everywhere all at once - giftarticle.ft.com/giftarticle/... amazing thought that this incredibly important trend might be accelerated by something as seemingly trivial as smartphone use

1/12 Very good article by Greg Ip. I think the most important point he makes is this one: "The Achilles’ heel of Chinese industrial policy is its cost and waste. China runs bigger budget deficits relative to economic output than the U.S." www.wsj.com/world/china/...

🚨 Quelles mesures les Français sont-ils prêts à accepter pour réduire le déficit public ? J'analyse les résultats d'une enquête inédite menée en 2026 sur un échantillon représentatif de 1 000 Français. 🧵Voici les 5 résultats qui m'ont le plus surpris :

Commuting by bicycle in Belgium pays off as employees earn compensation for every km they ride. 1 in 6 employees commute by bike and get a bicycle allowance of €0.28/km. People cycling to work in 2024 earned an average of around €460 net per year (some as high as €810), up 20% over the past year.

From their 2021 peak, the avg Gironde price fell by 22%. Pauillac & Saint-Émilion vineyard prices fell even more (2024 Pomerol prices aren't available). Land prices are forward-looking by nature and tell us about expectations, as they capitalize all expected future rents into a single present value

L'IA générative face au concours d'entrée à l'École normale supérieure blogs.mediapart.fr/david-monnia...

New keynesianism, neokeynesianism, post-keynesianism, and keynesianism that counts for 3

J'écris un article sans recourir à l'IA. Je le soumets à une revue. J'ai un rapport de relecture qui suggère des révisions dont j'endosse la plupart. Or le rapport a été rédigé par une IA, ce que j'ignore et la revue aussi. Quel est le statut de mon article publié ? Rédigé avec ou sans IA ?

If you want the sweet juice of bike racing, Radial is now live on the iOS App Store! Download it here, and please be in touch to let us know how to make it better. We have a lot more planned 😎. This is really just the beginning apps.apple.com/us/app/radia...

None of them beats The Cure

A Weberian state is one that has a tradition of barbecuing on its Independence Day.

Le jeu idiot du jour: trouver les footballeurs qui, comme Shakira, auront participé à la coupe du monde 2010 et 2026.

I am pleased to inform you that I have already answered the question Xi asked Trump.

“No matter what happens to Cuba,” Cashman said, “this is a clear signal to other countries that renewables are something that they need to focus on.” 100% correct. Renewable energy = energy security

A note from Trump and Xi's couples therapist... 1st 300 clicks free to read: www.ft.com/content/dffa...

The good taxpayers of New York have given me a pair of Meta glasses because I am low vision disabled, and I seem to have used them more than a lot of people on here, so let me say a little about my experiences:

I have just worked out that if the plot is 40,000 acres, and we assume that the sun shines 8 gigajoules a year per square metre (6kwh daily average from wikipedia), then this data centre is adding roughly half as much energy to the local ground as THE ACTUAL SUN.

makes Mobutu Sese Seko's $5b personal fortune amassed in twenty-six years of rule in Zaire look downright minor league

US is dominating global stablecoin landscape • Roughly 99% of US$322bn in stablecoins in circulation are pegged to greenback • World’s largest stablecoin Tether holds US$117bn worth of Treasuries; stablecoins are backed dollar for dollar by short-dated US Treasuries www.bloomberg.com/news/feature...

📢 Les candidatures pour le Prix de thèse Philippe Martin en sciences économiques sont ouvertes ! 📝 Les modalités de candidature sont détaillées ici : cae-eco.fr/prix-philipp... #Economie #Recherche #PrixDeThese #CAE

Many have expressed surprise (and dismay) at this. So I'm happy to have a chance to discus why I think manufacturing's promise for developing countries is fading with Oliver Hanney over at VoxDev. Bring your questions. cdn.bsky.app/img/feed_thu...

US, China, Germany and Japan account for roughly two-thirds of global imbalances • US transitioned from surplus to deficit in 1970s, while Germany and Japan moved into surplus • Robust consumption (= low savings) and investment underpin US current account deficit www.ft.com/content/72ab...

La sortie d'un livre est un moment émouvant et enthousiasmant. Elle est l'aboutissement d'un travail passionnant de plusieurs mois dans des domaines très variés. Merci aux éditions Glénat et à Frédéric Guelton ! www.glenat.com/glenat-livre...

With Spain outperforming the Euro area economy and accounting for almost 1 in 3 jobs created in the last 4 years, a closer look at the country's performance and economic policies is warranted. This article is a great place to start. Spoiler: it is not just about immigration/population growth.

Nothing new in the chart. But always striking to see. www.ft.com/content/1bbd... Why global imbalances matter

Data: You don't know what you've got 'till it's gone as.ft.com/r/305e6598-f...

Je sus allé voir la Wayback machine...

Iran war-fuelled rise in oil prices is not translating in financial bonanza for Kremlin • Oil revenues have risen, but they remain far below peaks from recent years • On annual basis, Russia’s oil revenues declined by 28% in April amid high subsidies to refineries www.bloomberg.com/news/article...

Do you expect me to die, Goldfinger? No, Mr. Bond, I expect you to yield! Yes, but in a rate product, real trend growth kind of way, or in a credit-product, multiple-equilibria catastrophic way? My name is Auric Goldfinger, Mr. Bond. What do you think? (updates 2019 content).

New publication! 🥳