This is true. The Dukes of Burgundy knew how to party.

Europeans are starting to realize that exhausting a country's fiscal capacity has first-order implications for national security and defense. Clever financial engineering (e.g., common debt issuance) is not going to fix that problem.

🚨 Excited to announce we have launched the Macro Musebot! 🚨 Powered by insights from 400+ episodes of the Macro Musings podcast, this AI is your personal guide to the world of macroeconomics, monetary policy, and all our past guests! (1/n) ai.macromusings.org

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👇 Yes, we should no longer tie our own hands publicly when it comes to defense against 🇷🇺. It's making the world less safe.

Join us Julis-Rabinowitz Center for Public Policy &Finance annual conference

This year's topic: Macrofinance in the long run

Watch us online 👇🏽 including Fed Gov Dr. Lisa Cook, and my fireside chat with Nobel laureate / ex-Fed Chairman Ben Bernanke
bit.ly/3IaCRGJ

A central bank's balance sheet is not to be confused with an impact investment fund.

No, it's not.

'Perhaps the biggest fantasy of all is the expectation that anything will happen to resolve unsustainable budgets without a crisis.'
Chris Giles gets it. Great column.
ft.com/content/6d476d…

Thank you, Nik. Let me know if you'd like me to translate 'without prejudice to price stability' into Dutch.

Could someone get Frank a copy of the ECB mandate?

Terrific lineup of speakers for the Julis-Rabinowitz Center for Public Policy &Finance conf: Moritz Schularick XavierGabaix John Sturm Becko Joe Hazell KilianHuber Hanno Lustig RekaJuhasz Atif Mian Ernest Liu Carolin Pflueger Thomas Philippon @gviolante WeiXiong Motohiro Yogo
Feb.22-23: conference.jrc.princeton.edu

Princeton Economics

In January of 2000, the CBO projected that the federal debt held by the public would shrink to 6.3% of GDP by 2010. cbo.gov/publication/12…

Back in 2001, we were worried that we were running out of US Treasurys.

Un gran comentario sobre economistas razonables: el que te diga que el déficit fiscal en Argentina no es un problema, o no es economista o no es razonable, :-)

Muy buena entrevista:
lanacion.com.ar/conversaciones…

Columbia Business School professor Stijn Van Nieuwerburgh calls office real estate a train wreck in slow motion. He forecasts a 40% reduction in the value of New York offices. cbsn.ws/48O0WhI

In the past three years, the largest ten cities lost about 2 million residents, says Columbia Business School professor Stijn Van Nieuwerbur. cbsn.ws/3O5m5fr