Blue family

Cops stood outside the school while the killer rampaged inside. Onlookers yelled at them to go in. They didn’t. One parent urged bystanders: “Let’s just rush in because the cops aren’t doing anything like they are supposed to.” The Associated Press story: apnews.com/article/uvalde…

Did fiscal stimulus fuel #inflation during the Covid-19 pandemic? This #FedsNote argues that it might, with effect spreading across countries. #EconTwitter (1/3) federalreserve.gov/econres/notes/…

Hi #EconTwitter, A new Feds Note on Covid #inflation, with Ana Maria Santacreu & Henry Larkin Young 👇 federalreserve.gov/econres/notes/… A short thread.

Did fiscal stimulus fuel #inflation during the Covid-19 pandemic? This #IFDPPaper research argues that it might, with effect spreading across countries: federalreserve.gov/econres/ifdp/d… #EconTwitter (1/3)

Today's red hot job report (528K jobs added & UR at 3.5%) will fuel the debate around wage-price and what initially caused the current inflation outburst. x.com/FedResearch/st…

🚨 My JMP in World Bank Dev Impact blog 👇 . Scheduling school during busy farming periods reduces grade advancement in #Africa, where children work on the family farm. But avoiding the farm calendar can improve school participation. #EconTwitter blogs.worldbank.org/impactevaluati…

#VoxEU -- Measurement of real GDP is an important yet difficult data collection task. Real value-added measured in national accounts, based on double deflation, is disconnected from its theoretical counterpart. (1/2) #EconTwitter cepr.org/voxeu/columns/…

When base period prices contains a markup, real GDP fluctuates with profits. Accounting for this bias, we argue that national accounts overestimate growth in the finance sector, while it underestimates it in manufacturing. (2/2) VoxEU Alexandre Gaillard Henry Larkin Young

When base period prices contains a markup, real GDP fluctuates with profits. Accounting for this bias, François de Soyres, Alexandre Gaillard & Henry Larkin Young argue that national accounts overestimate growth in the finance sector, while it underestimates it in manufacturing. ow.ly/iFuX50OqYBg

New paper arguing that real GDP in national accounts is "polluted" by profits, and proposing a way to fix it. With Alexandre Gaillard and Henry Larkin Young 👇👇👇

Harvard economics professor Ed Glaeser: VP Harris housing plan is "too small and too poorly targeted." To solve the housing crisis, Dr. Glaeser says we must borrow from The National Minimum Drinking Age Act of 1984. What does booze have to do with housing? Glad you asked: --

This was my final week as FTC Chair so I wanted to say thank you.

Just had a good phone call with Trader Joe's. I'm going to keep shopping there for now.

Our latest note on the sectoral evolution of China's trade, with François de Soyres Henry Larkin Young Alexandre Gaillard and Ece Fisgin #secondChinashock federalreserve.gov/econres/notes/… via @FederalReserve

A few quick thoughts on the 25% tariffs on Mexico and Canada -- a move that is likely to be considered one of the most self destructive economic policy steps in recent history. 1/

From Partner to Rival: how China’ sectoral repositioning changes the nature of trade relationships. A new Feds Note with Ana Maria Santacreu, Henry Larkin Young, Alexandre Gaillard and Ece Fisgin. + an open dataset + soon a longer paper. 👇👇

2. China’s import basket is becoming increasingly *different* from what euro area countries export. This relates to China's "self-reliance" efforts and could potentially limit European exporters' ability to benefit from Chinese growth.

New #IFDPPaper finds evidence that trade flows and policy interventions are fragmenting along geopolitical lines—particularly in strategic sectors since 2022. Fragmentation patterns vary significantly depending on how geopolitical distance is measured. federalreserve.gov/econres/ifdp/m…

Our new VoxEU column with Florencia S. Airaudo, François de Soyres. Ece Fisgin, Alexandre Gaillard, Keith Richards, and Henry Larkin Young is out. We examine China's dual role as key supplier of critical inputs and rising high-tech competitor in reshaping trade dynamics. cepr.org/voxeu/columns/… via CEPR