Yuriy Gorodnichenko
@ygorodnichenko.bsky.social
đ€ 5345
đ„ 482
đ 408
Economics Professor at UC Berkeley; from
#Ukraine
pinned post!
Almost two years ago,
@cepr.org
published an eBook with essays by prominent scholars & policymakers about the importance of supporting
#Ukraine
. This book is more relevant than ever. Read it!
#UkrainianView
cepr.org/publications...
about 1 year ago
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reposted by
Yuriy Gorodnichenko
Robin Brooks
13 days ago
Today is one of those days that shines a light on people's true intentions. Global long-term yields (red) are rising very sharply. If you're European and think issuing more debt into this is something to celebrate - instead of using Russian money - you don't have Europe's best interest at heart...
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This is how moral hazard looks like: you invest $$$ into Putin/Russia knowing the high risks, and then you scream for a bailout/protection when things go south. Raiffeisen, Unicredit, etc. had plenty of time to exit Russia
#UkrainianView
#EconSky
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Putinâs retaliation threat over frozen assets rattles EU capitals
Italy, Belgium and Austria worry about Russia moving against their companies
https://www.ft.com/content/616d7c24-fbb6-4830-aa6c-77d362b5fddb
14 days ago
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"The disabling of holdout membersâ vetoes will do much more for the EUâs economic security than anything proposed in the strategy update." 100%
#UkrainianView
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Brussels is finally flexing its muscle on Russian assets
The EUâs economic security depends on turning itself into more of a power player
https://giftarticle.ft.com/giftarticle/actions/redeem/447506b1-62c4-48a6-83f0-e2b18a6a3c71
18 days ago
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free economic zone in the
#Donbas
??? Is there a free economic zone in Korea's DMZ? The experience is clear: no security, no economy. Don't kid anybody with such proposals
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Trump pushes for âfree economic zoneâ in Donbas, says Zelenskyy
US proposes âcompromiseâ option of demilitarised buffer that excludes both Ukrainian and Russian forces, says Kyiv
https://www.ft.com/content/746f1c06-6dbb-4ae2-86a4-916acbfdecf2
21 days ago
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reposted by
Yuriy Gorodnichenko
Iikka Korhonen
23 days ago
Our new
@piie.com
Working Paper on Russiaâs war-induced regional convergence with
@eribakova.bsky.social
&
@ygorodnichenko.bsky.social
now out!
@bofit.suomenpankki.fi
@suomenpankki.fi
Many poorer regions saw their incomes rise faster 2022-24 as public spending roseđ·đș
www.piie.com/publications...
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War-induced economic convergence in Russian regions
This paper examines the impact of Russia's 2022 full-scale invasion of Ukraine on Russiaâs economy at a subnational, or âregional,â level. The analysis focuses on the regional disparities and converge...
https://www.piie.com/publications/working-papers/2025/war-induced-economic-convergence-russian-regions
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Terrific debate!
add a skeleton here at some point
21 days ago
0
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Witkoff-Dmitriev plan RE
#Ukraine
is wrong & it'd be crazy to start negotiations w an extreme RUS position.
@tderyugina.bsky.social
@ilonasolohub.bsky.social
, Anastassia Fedyk, James Hodson & I have a counter-proposal that would give genuine peace. Our 28 points vs RUS 28 points.
#UkrainianView
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The genuine peace plan
Recently a number of media outlets published a 28-point âpeace planâ. In reality, this plan will only escalate the war...
https://voxukraine.org/en/the-genuine-peace-plan
about 1 month ago
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reposted by
Yuriy Gorodnichenko
NBER
about 1 month ago
Developing a scalable, data-driven method to assess public procurement quality, and revealing governance risks like corruption through transparent, comparable metrics, from
@tderyugina.bsky.social
, Ćœaldokas, Fedyk,
@ygorodnichenko.bsky.social
, Hodson, and Sologoub
www.nber.org/papers/w34479
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reposted by
Yuriy Gorodnichenko
Ilona Solohub
about 1 month ago
Some reflections on Ukraine's corruption scandal from
@ygorodnichenko.bsky.social
,
@tderyugina.bsky.social
, Anastassiya Fedyk
voxukraine.org/en/more-ammu...
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More Ammunition for Anti-Corruption Efforts
The extensive corruption investigation at Energoatom underscores the importance of detecting and punishing corruption as early as possible. While corruption...
https://voxukraine.org/en/more-ammunition-for-anti-corruption-efforts
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Boot camp in Behavioral Macro is back! where: Cambridge, Massachusetts when: May 14â15, 2026 who is eligible: full-time PhD students at a US or Canadian university
#EconSky
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Behavioral Macroeconomics Research Boot Camp for Graduate Students
https://www.nber.org/calls-papers-and-proposals/behavioral-macroeconomics-research-boot-camp-graduate-students
about 2 months ago
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10
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reposted by
Yuriy Gorodnichenko
Iryna Dronova
about 2 months ago
This food trivia game card on "borscht" is yet another example of an attribution of a not authentically russian heritage as russian. There's a UNESCO nomination of Ukrainian culture on this dish - and it has versions and names in other Eastern European nations, the word itself coming from Yiddish.
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Long overdue But why was Sachs invited there in the first place?
add a skeleton here at some point
2 months ago
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While the West has been generous in supporting
#Ukraine
since Russiaâs full-scale invasion, its financial aid can be used only for non-military purposes. This creates distortions that undermine Ukraineâs war effort. Foreign donors should directly fund defense spending.
#UkrainianView
add a skeleton here at some point
2 months ago
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Call for papers:
sites.lsa.umich.edu/rudib/wp-con...
Submit your work
#EconSky
add a skeleton here at some point
2 months ago
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Trump is back to square one... The variance of U.S. "policy" is incredible. The damage to U.S. credibility is growing
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Trump urged Zelenskyy to accept Putinâs terms or be âdestroyedâ by Russia
US president tossed aside maps of Ukraine frontline in volatile White House meeting
https://www.ft.com/content/7960c6aa-dbfa-4a55-91e8-ae44601842ec
2 months ago
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Uncertainty is now a key feature of the global order+the very instruments designed to ensure stabilityâpolitics, trade, and the monetary systemâhave themselves become sources of risk. But
#Ukraine
, with its large agri sector & limited integration into global fin markets, is in fact less vulnerable.
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Yuriy Gorodnichenko: Uncertainty Is Becoming the New Normal for the Global Economy
Global uncertainty has reached record levels and is already triggering an economic slowdown. Yet Ukraine has been relatively insulated from...
https://voxukraine.org/en/yuriy-gorodnichenko-uncertainty-is-becoming-the-new-normal-for-the-global-economy
3 months ago
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19
5
reposted by
Yuriy Gorodnichenko
Economists for Ukraine
3 months ago
đWorking Paper No. 7: âWhat Drives Refugeesâ Return After Conflict?â Survey of 2,500+ Ukrainian refugees across 30 European countries: territorial integrity and security guarantees are key to return. Read:
econ4ua.org/wp-content/u...
Submit research:
lnkd.in/gf2nQ5WC
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https://econ4ua.org/wp-content/uploads/2025/09/Econ4UA-Working-Paper-No7.pdf
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reposted by
Yuriy Gorodnichenko
Roger Myerson
3 months ago
What would Texans say if the President sent Illinois Guard troops to patrol their town? The Second Amendment affirms that people's right to keep local order by locally accountable forces is necessary to the security of a free state. This right is vital for all of us.
www.nytimes.com/live/2025/10...
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Live Updates: Top Trump Officials Head to Illinois and Oregon
https://www.nytimes.com/live/2025/10/07/us/trump-national-guard-illinois-texas
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Another [diplomant] said: this would âpay for Raiffeisenâs own risk [taking]â by deciding to continue operating in Russia. yes, Raiffeisen decided to operate in Russia, decided to continue operations in RU after the invasion of
#Ukraine
. Raiffeisen has to face the consequences & pay the price.
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EU plans to hand Deripaska-linked assets to Raiffeisen
Some European officials worry lifting sanctions would bolster Russian retaliation against western companies
https://www.ft.com/content/4a4c28ed-53ab-4d96-963e-a75edcb06e96
3 months ago
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Stijn Van Nieuwerburgh makes a strong case.
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A rent freeze is not the answer to New Yorkâs housing crisis
If he is elected mayor, Zohran Mamdani should concentrate on expanding supply
https://www.ft.com/content/50ca59a9-4618-45b8-b96a-d46d983312f3
3 months ago
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8
3
reposted by
Yuriy Gorodnichenko
The Economist
3 months ago
âStablecoins, like money-market funds, project security but can collapse under pressure,â argues Jean Tirole in a guest essay. The Nobel laureate explains why these digital tokens are riskier than promised
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A Nobel laureate on why stablecoins may be nothing of the sort
Payments systems must be built on public infrastructure, not speculative tokens, writes Jean Tirole
https://econ.st/3IogzoN
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$2.4 trillion projected cost (over 6 years; as of April 2022) of Russian aggression is likely a lower bound. Professional forecasters underestimated to cost of RUS illegal annexation of
#Crimea
and partial occupation of the
#Donbas
in 2014 by a factor of 3
#UkrainianView
add a skeleton here at some point
3 months ago
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A Russian drone hits a
#university
building in
#Kharkiv
Senseless and barbaric daily terror Imagine your university gets a hit like that
#Ukraine
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ĐĐŸĐŒĐ”ĐœŃ ŃЎаŃŃ ĐżĐŸ ĐŸŃĐČŃŃĐœŃĐŸĐŒŃ Đ·Đ°ĐșĐ»Đ°ĐŽŃ ĐČ ĐĄĐ»ĐŸĐ±ŃĐŽŃŃĐșĐŸĐŒŃ ŃаĐčĐŸĐœŃ
YouTube video by ЄаŃĐșŃĐČŃŃĐșа ĐŸĐ±Đ»Đ°ŃĐœĐ° ĐżŃĐŸĐșŃŃаŃŃŃа
https://www.youtube.com/watch?v=kI_zXONRvsI
4 months ago
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12
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reposted by
Yuriy Gorodnichenko
Menzie Chinn
4 months ago
Fed Inflation Credibility Threatened
#EconSky
econbrowser.com/archives/202...
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The T-shirt says it all... But Salvini also once said he would like to have Putin as Italyâs prime minister âtomorrowâ.
add a skeleton here at some point
4 months ago
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A weak response invites more provocations, more aggression, more brinkmanship
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Romania condemns Russian drone violation of its airspace
Countryâs defence minister calls Russiaâs behaviour ârecklessâ after second breach of Nato territory in a week
https://www.ft.com/content/f3cbd806-9f47-4fbe-a23b-8095a95fe163
4 months ago
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Inflation âŹïž & Employment âŹïž â Stagflation A difficult situation for the Fed. Cut interest rates now â risk of rising inflation âŹïž More here: "Inflation, Expectations and Monetary Policy: What Have We Learned and to What End?" with Oli Coibion
@empctmacrotx.bsky.social
,
shorturl.at/2fmOD
#EconSky
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US consumer inflation heats up; weekly jobless claims near four-year high
U.S. consumer prices increased by the most in seven months in August amid higher costs for housing and food, but a surge in first-time applications for unemployment aid last week kept the Federal Reserve on track to cut interest rates next Wednesday.
https://www.reuters.com/world/us/us-consumer-inflation-heats-up-weekly-jobless-claims-near-four-year-high-2025-09-11/
4 months ago
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BEL Foreign Minister: don't take RUS money b/c "this would killâthe hen [SWIFT] laying golden eggs" Sure, it's more important than Russia killing Ukrainians, the greatest war in Europe since WW2, Russian war crimes, etc.
www.ft.com/content/f0cc...
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Belgium to soften stance on frozen Russian assets if EU shares risk
Foreign minister warns bloc not to âkillâthe hen laying golden eggsâ
https://www.ft.com/content/f0ccc395-c9df-473d-8601-d7dd683cea75
4 months ago
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The chilling effects of RUS aggression are very much clear in the âŹzone. Large spillover effects have implications for: * Macro stabilization in Europe * The cost of war in general & RUS agg specifically * The calculus of costs&benefits of aid to
#Ukraine
* mil buildup in Europe
#UkrainianView
add a skeleton here at some point
4 months ago
0
25
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A new PS piece with
@ilonasolohub.bsky.social
and
@matsmarcusson.bsky.social
2 options: 1) RUS defeat (means more sanctions & more weapons for UKR). 2) a defeat for democracy (&subdued Europe). If 1), Europeans should sacrifice some of their welfare. If 2), they'll lose it all.
#UkrainianView
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https://www.project-syndicate.org/commentary/putin-negotiations-trap-to-divide-west-and-create-complacency-by-yuriy-gorodnichenko-et-al-2025-09
4 months ago
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reposted by
Yuriy Gorodnichenko
Tatyana Deryugina
4 months ago
Over 125 economists signed the open letter calling on the President, Congress, and the American public to uphold the principles of Federal Reserve independence and not remove Lisa Cook without due process. There's still time to sign! And please share.
#EconSky
docs.google.com/document/d/1...
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Open letter
Click here to add your signature. An Open Letter from Economists in Support of Governor Lisa Cook and Federal Reserve Independence To the President, Members of Congress, and the American public: We wr...
https://docs.google.com/document/d/1oGrUv-_CoeulsLZDt_lyNTPbm9wYCAfiTLm7KMiwgzA/edit?usp=sharing
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reposted by
Yuriy Gorodnichenko
Stockholm Institute of Transition Economics (SITE)
4 months ago
Rebuilding Ukraine is more than just bricksâit's about a rebuilding a modern, secure future. New research paper by
@torbjornbecker.bsky.social
,
@ygorodnichenko.bsky.social
, and Beatrice Weder di Mauro maps the path to a resilient, democratic Ukraine. đĄLearn more:
www.hhs.se/en/about-us/...
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6
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reposted by
Yuriy Gorodnichenko
Economists for Ukraine
4 months ago
đWorking Paper No.3 A new paper by Olga Bondarenko utilizes partial-equilibrium models with nonstationary variables to endogenously estimate grain price trends, offering insight into how Russiaâs invasion may have affected prices by reducing Ukraineâs presence in global commodity markets.
#EconSky
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Shockwaves from Ukraine: Trends and Gaps in Agricultural Commodity Prices
I propose partial-equilibrium models that describe the dynamics of global wheat and corn markets. These models extend the classic competitive storage framework by incorporating nonstationary variables. They are calibrated using data from Ukraine and key importing and exporting countries. The models enable the endogenous estimation of price trends, based on the observed movements in the underlying variables. This framework provides insights into how involuntary reductions in Ukraine's global market presence, triggered by russia's invasion, could have affected trend prices.
https://econ4ua.org/wp-content/uploads/2025/08/Econ4UA-Working-Paper-No3.pdf
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reposted by
Yuriy Gorodnichenko
Empirical Macroeconomics Policy Center of Texas
4 months ago
How Wars in Foreign Countries Influence Inflation and Expectations That is what Olivier Coibion and Yuriy Gorodnichenko explore in our most recent blog post "When Foreign Wars Abroad Hit Wallets at Home".
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A great honor!
add a skeleton here at some point
4 months ago
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Trump welcomes a war criminal on US soil
#UkrainianView
5 months ago
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EU leaders: ... vital interests include ... robust&credible sec guarantees that enable UKR to defend its sovereignty&territorial integrity.
#Ukraine
has the freedom of choice over its own destiny. Meaningful negotiations can only take place in the context of a ceasefire/reduction of hostilities.
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Statement by President Macron, Prime Minister Meloni, Chancellor Merz, Prime Minister Tusk, Prime Minister Starmer, President von der Leyen and President Stubb on Peace for Ukraine ahead of President ...
We welcome President Trump\'s work to stop the killing in Ukraine, end the Russian Federation\'s war of aggression, and achieve just and lasting peace and security for Ukraine.\nWe are convinced that ...
https://ec.europa.eu/commission/presscorner/detail/en/statement_25_1952
5 months ago
0
17
5
reposted by
Yuriy Gorodnichenko
Economists for Ukraine
5 months ago
âDid you know that Econ4UA has created a repository of research papers on Ukraine and the Russian invasion? It includes categories such as finance, sanctions, trade, agriculture, energy, labor markets, and governance. See our database:
econ4ua.org/research-rep...
#EconSky
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Research Repository â Economists for Ukraine
https://econ4ua.org/research-repository/
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reposted by
Yuriy Gorodnichenko
Russia-Ukraine Daily News
5 months ago
đŒ Journalists from Radio Liberty have released previously unseen surveillance footage showing Russian soldiers killing 70-year-old Volodymyr Rubailo on Yablunska Street in Kyiv Oblastâs town of Bucha on 4 March 2022.
www.pravda.com.ua/eng/news/202...
#Ukraine
#Russia
#RussianWarCrimes
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Radio Liberty release footage of Russian looting and execution of civilian in Bucha â video
Journalists from Radio Liberty have released previously unseen surveillance footage showing Russian soldiers killing 70-year-old Volodymyr Rubailo on Yablunska Street in Kyiv Oblastâs town of Bucha on...
https://www.pravda.com.ua/eng/news/2025/08/6/7525023/
0
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reposted by
Yuriy Gorodnichenko
Economists for Ukraine
5 months ago
đWorking Paper No.1 The first comprehensive analysis of the economic value of US aid delivered to
#Ukraine
from 2022 to 2024. Carefully tracking and valuing aid deliveries, the authors find a total of $51.2 billionâa fraction of official figures, with a low budgetary impact.
#EconSky
Read more:
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https://econ4ua.org/wp-content/uploads/2025/07/Econ4UA-Working-Paper-No1.pdf
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Please submit your papers to the series!
#EconSky
#UkrainianView
#Ukraine
add a skeleton here at some point
5 months ago
0
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5
reposted by
Yuriy Gorodnichenko
VoxEU @ CEPR
5 months ago
Forecasts of the cost of the war in
#Ukraine
pointed to stagflation for Ukraine and Russia, as well as similar but smaller effects in the rest of Eastern Europe. The total cost of the war is estimated to be $2.4 trillion.
@ygorodnichenko.bsky.social
, V Vasudevan
cepr.org/voxeu/column...
#EconSky
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Very important!
add a skeleton here at some point
5 months ago
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Great piece by Martin Wolf
#UkrainianView
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The Ukraine war will shape the world
We must not repeat the mistakes of the appeasers in the 1930s
https://on.ft.com/4lGi0Np
5 months ago
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KQED Forum on
#Ukraine's
reconstruction The story about rebuilding
#Irpin
(including the role of the SF Bay Area) is most inspiring
#UkrainianView
www.kqed.org/forum/201010...
add a skeleton here at some point
6 months ago
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reposted by
Yuriy Gorodnichenko
KQED Forum
6 months ago
THU at 9AM: BBC reporter Zhanna Bezpiatchuk, Center for Innovation's Margie O'Driscoll, Stantec's Eugene Chumakov & UC Berkeley professor
@ygorodnichenko.bsky.social
on the challenges Ukraine faces as it seeks to rebuild while still at war. â What Qs do you have about reconstruction in Ukraine?
2
9
3
reposted by
Yuriy Gorodnichenko
VoxEU @ CEPR
6 months ago
Although the source and duration of the destruction differ, wars and natural disasters disrupt economies in similar ways. Shifrah Aron-Dine uses evidence from the impacts of Hurricane Maria to develop rebuilding policies applicable for
#Ukraine
.
cepr.org/voxeu/column...
#EconSky
0
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reposted by
Yuriy Gorodnichenko
Robin Brooks
6 months ago
The single biggest source of oil tankers for Putin's shadow fleet is Greece (blue). That's an opportunity for the EU to grow, not sweep this under the rug. A proper investigation is needed to uncover how this happened. That'll strengthen the EU, not weaken it.
@econharris.bsky.social
@brookings.edu
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Local optimum: do not touch Russian money Global optimum: seize Russian money & transfer it to
#Ukraine
#UkrainianView
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Plan to boost returns from Russian assets âexpropriationâ, warns Euroclear
Clearing house chief executive warns against EU plan to raise more money for Ukraine by investing in riskier assets
https://www.ft.com/content/7c6ae0e9-aebf-4793-8bc1-35c695466381
6 months ago
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RE Trump's talk to impose sanctions on countries importing Russian oil/gas: The Hall of Shame is public knowledge: China, India, Turkey, Singapore, Egypt, Brazil.
#UkrainianView
6 months ago
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