A wild plot twist I was not aware of until today: JE's redemption from Bear Stearns High-Grade Structure Credit Strategies Enhanced Leverage fund (real heads know this one) due to his impending arrest might have, uh, actually been the proximal cause of the GFC?

Zucman répète à l'envi que la note du CAE impliquerait que l'exil fiscal est marginal. Et personne ne semble l'avoir lue! Ce qu'elle montre, c'est que la taxe Zucman, loin de rapporter 20 milliards, implique une *PERTE SECHE DE 30 MILLIARDS*. Démonstration 🧵👇

Pourquoi, sur ce graphique, la richesse (un stock) est-elle exprimée en pourcentage du PIB (un flux) ? On aurait pu rapporter la richesse des plus riches à l’ensemble de la richesse nationale. Selon le World Inequality Database (WID, dont Gabriel Zucman est scientific

I am delighted to share that Nobel laureates Esther Duflo and Abhijit Banerjee will join our Department of Economics Economics at Zurich at the University of Zurich on July 1, 2026, as Lemann Foundation Professors of Economics. 🧵 1/7

BREAKING NEWS The Royal Swedish Academy of Sciences has decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Joel Mokyr, Philippe Aghion and Peter Howitt “for having explained innovation-driven economic growth” with one half to Mokyr

With all my admiration for Philippe Aghion’s work on the importance of innovation (what he has done with Peter Howitt in the 1990s and what he does these days with his collaborators at the College de France is essential theoretical and empirical work), a caveat. An economy can

C’est quoi déjà, la phrase de Ken French, « Buybacks are divisive. They divide people who do understand finance from those who don’t »?

A nice microeconomics lesson: cigarette companies are having a bonanza because their remaining consumers have inelastic demands, so the companies can raise prices without reducing revenues. #EconTwitter

Indeed! To me, this touches on something quite profound about the relationship between the history of economic thought and economic history itself. For central bankers in the pre-Keynesian era, it seemed self-evident that monetary debasement caused by unfunded public spending

📊 L’exécutif vient de publier un classement des meilleurs modèles d’IA dont Mistral AI est sorti grand vainqueur, suscitant scepticisme et moqueries. Si le résultat n’est pas trafiqué, il masque un réel décrochage du champion français. Décryptage ⤵

Coupling this, fertility that. Why don't you academics actually do something about it?!? 😂

Note to economists who think firms are smart. It took 30 years to figure out that 3 point shots are worth 50% more than 2s.

Fertility rates in Poland follow no patterns: - Religiosity? The most-fertile region is indeed very religious but so are sub-1 regions in the southeast. And the opposite is true elsewhere. - Working hours? Stay-at-home wives of miners around Rybnik or Lubin don't seem to have

In my day, critics denounced U.S. wars of choice as imperialist schemes to seize foreign oil - while the president insisted they were really attempts to spread democracy Now, critics denounce such wars as attempts to spread democracy - while the president insists they are really

Over the years, I have actively participated in the economic policy debate in Spanish and written a fair amount on the topic (including many papers and several books!). Some of these issues go beyond purely local interest and are relevant, with only minor changes, for other

Video message from Federal Reserve Chair Jerome H. Powell: federalreserve.gov/newsevents/spe…

I have been posting repeatedly on X about the extraordinarily fast collapse of births across the planet: in rich and poor countries, in fast-growing and slow-growing economies, in religious and secular societies, under right-wing and left-wing governments, with high taxes and

One aspect of Keynes’ thought that is often overlooked is his concern about population. For example, one reason he opposed the Versailles Treaty was his belief that Europe required a sophisticated division of labor to prevent mass starvation. Later in life, in 1937, he expressed

Olivier Blanchard (Olivier Blanchard) had a provocative post yesterday about a higher preference of French people for leisure: x.com/ojblanchard1/s… I have learned nearly an infinite amount of economics from Olivier since I was an undergrad, and he came to Spain to present a