📢 Save the date: Wie können Europas Haushalte zukunftsfähig und krisenresistent gestaltet werden? #ZEW Lunch Debate am 13. November 2025 in Brüssel mit Zsolt Darvas @bruegel.org, @bmarzi.bsky.social, Andreas Schwarz @ec.europa.eu sowie ZEW-Ökonom Friedrich Heinemann. www.zew.de/VA4720-1/?tw...

Does changing the trade regime change the dollar regime? Our answer is sadly yes @piie.com New Video four independent lines of argument by @markusbrunner.bsky.social @warwickmck.bsky.social Obstfeld and me We are seeing a step-change down in dollar centrality www.piie.com/events/2025/...

Trade shocks and relative consumption: why the European middle class is turning far right: Review of International Political Economy: Vol 0, No 0 - Get Access www.tandfonline.com/doi/full/10....

Our modelling of 25% tariffs on the EU shows that such tariffs would backfire on the US, pushing up prices & slowing economic growth. That’s before likely EU retaliation. And it would likely have little impact on the global US trade deficit.

Post- #China shock relative consumption loss of the European middle classes and the associated perceived risk of societal decline can explain the large success of #right-wing political radicalism in the last three decades. @bmarzi.bsky.social cepr.org/voxeu/column... #EconSky

👀 journals.sagepub.com/doi/abs/10.1...

Forthcoming in AEJ: Macroeconomics: "‘Less is More’: Consumer Spending and the Size of Economic Stimulus Payments" by Michele Andreolli and Paolo Surico. www.aeaweb.org/articles?id=...

Unique opportunity!!!

A new stylized fact about firm growth: The shift from labor to intermediate inputs reflects high substitution elasticity and monopsony and pushes down the labor share, from Matthias Mertens and Benjamin Schoefer https://www.nber.org/papers/w33172

Forthcoming in the AER: "Internationalizing Like China" by Christopher Clayton, Amanda Dos Santos, Matteo Maggiori, and Jesse Schreger. www.aeaweb.org/articles?id=...