This new AER paper finds that carbon pricing reduces emissions and spurs green innovation, but also raises energy costs and slows economic activity. Poorer households are hit hardest because they spend more of their income on energy and face larger income losses.

This new AER paper finds that carbon pricing reduces emissions and spurs green innovation, but also raises energy costs and slows economic activity. Poorer households are hit hardest because they spend more of their income on energy and face larger income losses.

Healthcare spending in the United States is substantially higher than in other advanced economies, yet life expectancy is considerably lower.

Healthcare spending in the United States is substantially higher than in other advanced economies, yet life expectancy is considerably lower.

Useful survey paper on recent research in geoeconomics with a focus on geoeconomic aspects of sanctions/embargoes, coercion and fragmentation in international trade, currency dominance and state-directed capital flows in international finance, and conflict/war/military production.

Useful survey paper on recent research in geoeconomics with a focus on geoeconomic aspects of sanctions/embargoes, coercion and fragmentation in international trade, currency dominance and state-directed capital flows in international finance, and conflict/war/military production.

This seems like a very useful new data set: Small-Area Global Elections (SAGE). The main benefit is the combination of extremely fine-grained geographical election data, broad international coverage, and harmonised information across countries and elections.

This seems like a very useful new data set: Small-Area Global Elections (SAGE). The main benefit is the combination of extremely fine-grained geographical election data, broad international coverage, and harmonised information across countries and elections.

The number of deaths recorded in France increased by nearly 30% during the hottest week of the June heatwave, i.e. at least 2,000 additional people died ("excess deaths"). Public Health France says it's probably an underestimate.

The number of deaths recorded in France increased by nearly 30% during the hottest week of the June heatwave, i.e. at least 2,000 additional people died ("excess deaths"). Public Health France says it's probably an underestimate.

Since 2009, the EU's non-financial corporations have shifted from their traditional role as net borrowers - absorbing household savings to finance investment -towards a net lending position vis-à-vis the rest of the economy. By 2024, NFC net lending stood at to 1.2% of EU GDP.

Since 2009, the EU's non-financial corporations have shifted from their traditional role as net borrowers - absorbing household savings to finance investment -towards a net lending position vis-à-vis the rest of the economy. By 2024, NFC net lending stood at to 1.2% of EU GDP.

Next year, the 🇩🇪federal government will spend €150 billion on defence (3.3% of GDP). In the coming years, this figure is set to rise further. Three quarters of new borrowing will go to the military/security agencies. Higher interest payments are also attributable to them.

Next year, the 🇩🇪federal government will spend €150 billion on defence (3.3% of GDP). In the coming years, this figure is set to rise further. Three quarters of new borrowing will go to the military/security agencies. Higher interest payments are also attributable to them.

Supply-chain disruptions can raise inflation not only by increasing import/transport costs, but also by strengthening firms’ pricing power when goods become harder to find. Companies also adjusted prices in response to competitors’ supply problems, amplifying inflationary impact.

Supply-chain disruptions can raise inflation not only by increasing import/transport costs, but also by strengthening firms’ pricing power when goods become harder to find. Companies also adjusted prices in response to competitors’ supply problems, amplifying inflationary impact.

Ich war im Podcast "Wohlstand für Alle" und habe dort mit Wolfgang Schmitt über meine Forschung zu öffentlichen Investitionen und Rüstungsausgaben sowie wirtschaftliche und politische Effekte von Budgetkürzungen gesprochen.

Ich war im Podcast "Wohlstand für Alle" und habe dort mit Wolfgang Schmitt über meine Forschung zu öffentlichen Investitionen und Rüstungsausgaben sowie wirtschaftliche und politische Effekte von Budgetkürzungen gesprochen.

The ECB’s wage tracker suggests that wage growth in the euro area remains contained. Negotiated wage growth, excluding one-off payments, is expected to decline from 3.8% in 2025 to 2.6% in 2026, implying real wage losses if inflation remains higher.

The ECB’s wage tracker suggests that wage growth in the euro area remains contained. Negotiated wage growth, excluding one-off payments, is expected to decline from 3.8% in 2025 to 2.6% in 2026, implying real wage losses if inflation remains higher.

Interesting new Acemoglu, Autor et al paper. Lower birth rates have not reduced economic growth; they are linked to higher GDP per working-age adult across countries and higher wage growth across US commuting zones. Mechanism: a labor-saving technological response to the scarcity of younger workers.

Interesting new Acemoglu, Autor et al paper. Lower birth rates have not reduced economic growth; they are linked to higher GDP per working-age adult across countries and higher wage growth across US commuting zones. Mechanism: a labor-saving technological response to the scarcity of younger workers.

Fiscal tightening increases political instability: approval falls; the likelihood of government crises and protests increases. Effects stronger in downturns and when consolidation relies only on spending cuts. Limiting contractionary effects helps safeguard political stability

Fiscal tightening increases political instability: approval falls; the likelihood of government crises and protests increases. Effects stronger in downturns and when consolidation relies only on spending cuts. Limiting contractionary effects helps safeguard political stability

France is actively pushing for new revenue sources in the EU budget 2028–2034 as a way to avoid politically toxic debates about higher national contributions. Good! We have just completed a study analysing various options for new own resources 🧵

France is actively pushing for new revenue sources in the EU budget 2028–2034 as a way to avoid politically toxic debates about higher national contributions. Good! We have just completed a study analysing various options for new own resources 🧵

Useful review paper summarising the evidence on the effects of heat on labor productivity. "In addition to physical outputs, extreme temperatures also impair mental productivity, including cognition and learning... [regarding] adaptation strategies, the conclusions are mixed."

Heat reduces time spent working, especially in weather-exposed sectors such as agriculture, construction and manufacturing, with time reallocated to indoor non-work activities. Evidence:

Heat reduces time spent working, especially in weather-exposed sectors such as agriculture, construction and manufacturing, with time reallocated to indoor non-work activities. Evidence:

Economic growth was once closely linked to increasing environmental degradation. More recently, however, many high-income countries have continued to increase GDP per capita while reducing their environmental impacts.

Economic growth was once closely linked to increasing environmental degradation. More recently, however, many high-income countries have continued to increase GDP per capita while reducing their environmental impacts.

Source: www.europarl.europa.eu/cmsdata/3082...

The ECB has once again raised interest rates amid an oil-price-driven inflation shock. That's consistent with a long-standing pattern: every ECB tightening cycle has coincided with energy prices (orange line) increasing substantially faster than the overall consumer price index.

The ECB has once again raised interest rates amid an oil-price-driven inflation shock. That's consistent with a long-standing pattern: every ECB tightening cycle has coincided with energy prices (orange line) increasing substantially faster than the overall consumer price index.

Im Zuge der Verhandlungen des nächsten EU-Finanzrahmens wird aktuell wieder viel über nationale EU-Beiträge geredet. Angesichts der großen gesellschaftlichen Herausforderungen wird auch auf EU-Ebene über neue Einnahmen diskutiert, #Eigenmittel, #Steuergerechtigkeit. Neue Ideen dazu im 🧵:

Um von der problematischen Debatte über steigende nationale Beiträge ins EU-Budget wegzukommen, braucht es eine offene Diskussion über neue und diversifizierte EU-Einnahmequellen. Artikel: www.derstandard.at/story/300000... Studie: wiiw.ac.at/the-future-f...

DerStandard berichtet über unsere Studie zu neuen Einnahmequellen für die Finanzierung des EU-Budgets 2028-2034 (z.B. Finanztransaktionssteuer, Digitalsteuer, Steuern auf Kryptowährungs-Transaktionen und Online-Glücksspiel, Abgaben im Luftverkehrsbereich, Steuern für sehr vermögende Privatpersonen).

In den Verhandlungen über den neuen EU-Haushalt formiert sich Widerstand der "Nettozahler". Die Lösung könnten neue EU-Einnahmequellen sein. Unsere Studie von Bernhard Schütz & @heimbergecon.bsky.social beleuchtet, welche Optionen im Raum stehen. @derstandard.at www.derstandard.at/story/300000...

The ECB just hiked into an oil price shock, again. In our new paper for the EP Monetary Dialogue, we argue that this needs to stop. 🧵 If inflation is a function of the energy mix (✅) and the energy mix a function of monetary policy (✅), then even a narrow reading of the ECB’s mandate ... 1/

DerStandard berichtet über unsere Studie zu neuen Einnahmequellen für die Finanzierung des EU-Budgets 2028-2034 (z.B. Finanztransaktionssteuer, Digitalsteuer, Steuern auf Kryptowährungs-Transaktionen und Online-Glücksspiel, Abgaben im Luftverkehrsbereich, Steuern für sehr vermögende Privatpersonen).

Our paper on the future financing of the EU: we analyse options for new revenue sources in the EU budget 2028-2034. A financial transaction tax, a digital tax, taxes on cryptocurrency and online gambling, aviation-related levies, taxes on the ultra-wealthy could generate revenues: 🧵

Important and helpful paper by @wiiw.ac.at on the role of new own resources for the future financing of the EU 2028-34. fi digital tax, taxes on crypto, ultra-wealthy, aviation related levies. 👁️ @carloscuerpo.bsky.social @larsklingbeil.bsky.social @wopkehoekstra.ec.europa.eu

Our paper on the future financing of the EU: we analyse options for new revenue sources in the EU budget 2028-2034. A financial transaction tax, a digital tax, taxes on cryptocurrency and online gambling, aviation-related levies, taxes on the ultra-wealthy could generate revenues: 🧵

Oil supply shocks have immediate but short-lived effects, while gas supply shocks have broader and more persistent effects on €zone inflation. This research suggests that the 2026 energy shock is likely to have a more contained inflationary impact than the 2021–22 episode.

Oil supply shocks have immediate but short-lived effects, while gas supply shocks have broader and more persistent effects on €zone inflation. This research suggests that the 2026 energy shock is likely to have a more contained inflationary impact than the 2021–22 episode.

Economic polarization in the European Union: development models in the race for the best location – just published by Jonas Dominy, Claudius Gräbner-Radkowitsch, @heimbergecon.bsky.social & Jakob Kapeller in Review of Evolutionary Political Economy link.springer.com/article/10.1...

This paper finds that economists whose job market papers report (marginally) statistically significant results are more likely to secure academic jobs. Hiring committees prefer statistical significance; this creates incentives for researchers to p-hack.

This paper finds that economists whose job market papers report (marginally) statistically significant results are more likely to secure academic jobs. Hiring committees prefer statistical significance; this creates incentives for researchers to p-hack.

Misinformation and radical-right populism: This paper analyses 32 million tweets from parliamentarians in 26 countries, spanning 6 years and several election periods, and finds that “radical-right populism is the strongest determinant for the propensity to spread misinformation”.

Misinformation and radical-right populism: This paper analyses 32 million tweets from parliamentarians in 26 countries, spanning 6 years and several election periods, and finds that “radical-right populism is the strongest determinant for the propensity to spread misinformation”.