Ahora consideremos que la población activa - el denominador de la tasa de paro - ha aumentado respecto a Sept 2008. Por tanto, la situación del mercado de trabajo es mejor que en Sept 2008 - pero sin burbuja, y con superávit por cuenta corriente. Avanzamos.

Estaba claro desde el principio que la recuperación española era tan solo cuestión de tiempo, y el tiempo lo esta confirmando. España tiene problemas estructurales, como todos, pero lidera en Europa el crecimiento y la creación de empleo

Here my recent presentation of the CEPR report on “monetary policy responses to the post pandemic inflation” @piie

This can't be repeated enough. Fewer grand speeches, and more constructive action, please.

Do read this by Soumaya Keynes. We economists must think much more about what users want and need, and perhaps a bit less about what we really want to say.

Angel Ubide Peterson Institute CEPR Angel Ubide Angel Ubide gave an insightful keynote speech on the book 'Monetary Policy Responses to the Post-Pandemic Inflation', at the Peterson Institute for International Economics Peterson Institute in Washington DC.

#PIIE #Inflation #MonetaryPolicy #AngelUbide #COVID19 #EconTwitter

The French opposition to the Single Market. Spain freely allows French high speed train operators, France barely allows Spanish operators in France. It was the same story with gas interconnections. Maybe more actions, instead of grand speeches, is what Europe needs.

Good, clear summary of @CEPR_org 'Monetary policy responses to the post-pandemic inflation: What happened' by Angel Ubide. VIDEO: youtube.com/live/z04lfeCUt…

Join today online for the US presentation of our CEPR report on Monetary Policy during the post pandemic inflation @piie, with a great roster of speakers.

April 19 at 9:45 AM ET: Drawing on CEPR's new book Monetary Policy Responses to the Post-Pandemic Inflation, experts explore how central banks across the globe responded to these challenges. Featuring Olivier Blanchard, Angel Ubide, & more.
Register: piie.com/events/2024/mo…

HANK's insights explain, in part, why recovery post Covid has been stronger than post GFC. One hint: 'For some purposes, monetary policy is less useful than fiscal policy, which can be targeted towards the neediest and those most likely to spend.' It's all about the policy mix

This has been obvious since 2007, and it's even more important today - the EU must create fiscal space to fund the EU public goods needed support the climate transition & reinforce national security. And eurobonds are critical to create that fiscal space bloomberg.com/news/articles/…

The super smart Angel Ubide on Bloomberg TV rn!

These slides by Ben Moll are very good - with an interesting conclusion, which supports the insurance channel of policy, something that it is often overlooked: 'In a recession, the largest welfare gains come not from stimulating aggregate demand but from alleviating hardship'

Aqui presento las conclusiones del nuevo libro CEPR que he co-editado sobre la política monetaria durante el susto inflacionista y las lecciones para el futuro EL PAÍS elpais.com/economia/negoc…

Inflación tras la covid, reacción de los bancos centrales y lecciones de futuro, por Angel Ubide
La estrategia de los bancos centrales está funcionando por el momento: los precios se desaceleran y la economía mundial realiza un aterrizaje suave
elpais.com/economia/negoc… EL PAÍS

Transitory never meant mon pol had to be on hold, for a simple reason: when the shocks happened, the stance of policy was calibrated for pi < pi* and u>u*. So policy had to be recalibrated for pi=/> pi* and u<u*. If with that u=u* and pi converging down to pi*, it was transitory

Economic policy making is changing in radical ways, with a bottom up micro approach that generates macro uncertainty. As policies accumulate and blend multiple objectives, the room for mistakes is narrowing fast ft.com/content/30bfc7… @ft