🌍 Tariffs are making headlines again. Switzerland quietly went the other way – eliminating all industrial tariffs in 2024. Our new study for the Swiss Ministry of Economics shows how consumers benefit. A thread 🧵

"tariff elimination benefits consumers."

Creo que @rodrigouprimny.bsky.social y otros contradictores de las acciones de Trump con Maduro, tienen maravillosas oportunidades de demostrar que tienen razón: Liberen a Cuba de la dictadura, liberen a Nicaragua, liberen a El Salvador de sus dictaduras. @missmelindres.bsky.social

🚨 JOB MARKET PAPER ALERT! 🚨 Why do firms provide different workplace amenities? And how does amenity provision affect labor market inequality? 🧵

Why price controls fail: A look at the economic fundamentals behind rent control and energy price caps, and what actually works to address affordability. Thread 🧵 1/5 1/5

We built the simplest possible social media platform. No algorithms. No ads. Just LLM agents posting and following. It still became a polarization machine. Then we tried six interventions to fix social media. The results were… not what we expected. arxiv.org/abs/2508.03385

"Politicians abandoned such taxes because they did not work." "[I]mplementing a bad policy in order to achieve a good outcome is rarely a wise approach" Don’t tax wealth www.economist.com/fi... From The Economist

Mi entrada más reciente en #VocesDeEconomía de @EconomiaUAndes Colombia necesita volver a ser "aburrida" económicamente. Durante décadas, nuestro país se destacó por baja volatilidad macroeconómica y crecimiento constante vs otros países latinoamericanos. Hilo 🧵 1/8

Very nice blog entry by @BrianCAlbrecht Why do economists have "tariff derangement syndrome"? It's not politics—tariffs violate every principle of good taxation we've learned over the past century. 1/8

La próxima persona que lidere Bogotá debería tener entre sus prioridades hacer que la ciudad sea más bonita. Bien alcalda Galán empezar con esta inicitiva 1/2

Se puede bajar el gasto público sin comprometer la provisión de servicios públicos. Nueva entrada en #VocesDeEconomía. Enlace abajo 1/2

¿esto es ser neoliberal? 1/2

Colombia, te quiero tanto

"The irony of labour-saving automation is that people often stand in the way." From @TheEconomist

Autonomous vehicles should complement public transit, and automating transit should be a goal. Interesting entry by Hayden Clarkin (@the_transit_guy)

New paper in @LAJCB_ with Angie Rozada-Najar and Fausto Suaza *1/6* While manufacturing firms typically exhibit negative assortative matching (productive firms connect with less productive ones), we find the opposite in credit markets.

"Sustained growth, last seen over a decade ago, would provide the sharpest relief." From The Economist

Si queremos ser como Dinamarca, puede ser bueno hacer lo que hace Dinamarca "Dinamarca aumentó la edad de pensión a 70 años, la cual regirá a partir de 2040" via La República (@larepublica_co)

1/3 Buen blog de Brian Albrecht (@BrianCAlbrecht). Los experimentos de laboratorio del Nobel Vernon Smith sugieren que la economía se puede afrontar como se hace con la física - los estudiantes alcanzan el equilibrio consistentemente.

1/7 🧵 New paper with Jorge Tovar (@JorgeATovar) and Tomás Rodríguez. When Colombian regulators introduced stricter liquidity rules (NSFR) in 2020, banks initially increased their market power before competition ultimately prevailed. Here's what happened... 🏦📊

El formato de cuadrangulares en el torneo colombiano envía equipos más débiles a Copa Libertadores. Otro argumento para cambiar el formato. Enlace a la entrada con Daniel Franco (@francamente_13) más abajo

"we show that counterfactual policies taking into account heterogeneity across sectors can deliver similar benefits from training while inducing less distortions in the firm-size distribution and in the allocation of resources across sectors." onlinelibrary.wiley....

"Voters should pay more attention to those with a good record of taking care of the rubbish bins" www.economist.com/eu...

#DosisDeOptimismo ourworldindata.org/c...

Tariffs may help growth in low-debt economies but can destabilize high-debt ones by creating multiple potential economic outcomes, risking self-fulfilling market fluctuations. www.sciencedirect.co...

I am excited to see whether this will work. Irrespective of that, I think journals should experiment more with the publication process.

Standardized tests predict college success better than GPAs at elite schools and may actually help disadvantaged students - contrary to critics' claims. www.economist.com/un...

History shows recessions can boost productivity through 'cleansing' effects, but deliberately engineering one is economic malpractice. A tariff-induced downturn won't replicate the natural selection of market forces—it'll just cause unnecessary pain. open.substack.com/pu...

"Slowly but surely, ai is helping turn brown to green." #DosisDeOptimismo www.economist.com/sc...

Just uploaded the newest version of "Trade Deficits with Trade Wars," which I wrote with Jack Rossbach. papers.ssrn.com/sol3/papers.... Bilateral trade deficits make trade wars more winneable. Action by policymakers is needed to prevent a new world trade collapse.

VAT isn't an export subsidy! Rebates ensure each country taxes only local consumption. Both foreign and domestic products face identical tax treatment in each market. #EconFacts open.substack.com/pu...#EconFacts

# Interest Rate Caps Paradox: A new bill claiming to lower credit card costs to 10% may actually increase total borrowing costs through non-price competition. Price theory explains why this well-intentioned policy backfires. #Economics #FinancialLiteracy open.substack.com/pu...

"many policies aimed at easing pressure in rental markets have been treating the symptoms of the problem rather than the cause. They have thereby ended up making things worse for the people they were meant to help." www.economist.com/le...

A los equipos colombianos les va mal en libertadores porque, entre otras cosas, el torneo local desincentiva que los mejores equipos clasifiquen golyfutbol.com/post/...

" we show that the policy increased speeds in the CBD, had spillovers onto non-CBD roads, and reduced estimated vehicle emissions throughout the metro area.[...]average traffic speeds[...] increased by 15% following the introduction of congestion pricing" www.nber.org/papers/...

📊 Prices aren't problems—they're signals wrapped in incentives. They communicate scarcity while motivating solutions. When politicians cap prices, they shoot the messenger and eliminate both information and incentives needed to solve the real issues. open.substack.com/pu...

Conditional cash transfers can lead to suboptimal decisions. Unconditional cash transfers are a better option, in my opinion. www.economist.com/br...

"Building enough houses in the right place is the single biggest action governments can take to restore the link between work and wealth." www.economist.com/le...

La mala gestión fiscal del Gobierno colombiano. En 16 meses pasamos de preguntarnos "¿Chao regla fiscal?" a confirmar su violación por $26 billones. Ahora un día de cada 20 de actividad económica nacional se destina solo a pagar intereses de deuda. www.elespectador.com...

With inelastic supply (can't quickly produce more eggs) and demand (eggs are essential), even small disruptions cause big price jumps. High profits at producers like Cal-Maine reflect scarcity, not necessarily market manipulation. open.substack.com/pu...

conference.nber.org/... "We find that road pricing alone leads to large welfare gains by reducing externalities, but at the expense of travelers, whose surplus falls even if road pricing revenues are fully rebated."

Para Colombia, EEUU y el mundo "We should judge political movements not just on their policy goals but on whether they maintain the stable framework that makes economic calculation possible." open.substack.com/pu...

"Family policies can affect family planning through financial incentives"

"We show that asymmetric information and distributional considerations together make voters wary of policies supported by others. This force impels a majority of voters to support policies contrary to their preferences and information" www.econometricsocie...

"American generosity is not just charity. Foreign aid that creates a more stable and richer world is in America’s greatest interest. Call it America First if you like. " www.economist.com/le...

"Has corporate greed driven inflation in the European Union?" Short answer: no www.sciencedirect.co...

¿Se aplicará a las "ías"?

“We must not repose in fancied security that we can for ever sell everything and buy little or nothing,” he [President McKinley] announced in Buffalo, New York, in 1901, before adding that “commercial wars are unprofitable” Do tariffs raise inflation? www.economist.com/fi...

¿El mismo mecanismo seguirá funcionando hoy en día? E.g. países que construyen nuevas capitales

Some things I've learned in 2024: 1. A jail-based education program in Flint MI which emphasizes rehabilitation and improved jail culture dramatically reduced misconduct and recidivism (More: www.dropbox.com/scl/fi/ep5xy...)