Discover and read the best of Twitter Threads about #coordination

Most recents (3)

John Maynard #Keynes was born on June 5, 1883, and died too early. Here's a few thoughts on why I keep circling back to him, & why his work forces 2 rethink the way we do & teach #economics, esp. #micro. I am sure this (partial) thread will upset someone: apologies in advance. 1/
#Keynes understood that #macroeconomics is about emergent properties: aggregate outcomes that don't make sense 2 the individuals populating the economy. The logic, e.g., of the #IncomeExpenditure model is that an economy can coordinate along any point on the 45-degree line.. 2/
and that, accordingly, we should expect economies to operate with slack. Then you have the #ParadoxofThrift and all that. He also talked about the #ParadoxofCosts when he discusses redistribution to lower income people who have higher propensity to consume... 3/
Read 14 tweets
"#Macroprudential policies could be increased to enhance the resilience of the financial system" brookings.edu/research/finan… in "Financial conditions and GDP growth-at-risk" Adrian, Liang, et al. @BrookingsInst @IMFNews
GaR: "growth at risk" and general equilibrium models with macrofinancial linkages brookings.edu/wp-content/upl… @BrookingsInst @IMFNews @MacroFinanceSoc Liang, Adrian, et al
"A structural model would be needed to evaluate how #macroprudential policies could be used to affect GaR. In aspiration, #macroprudential policies could aim to tighten financial conditions when conditional expected growth and GaR are relatively high ... " brookings.edu/wp-content/upl…
Read 13 tweets
🇬🇧BREXIT🇬🇧

THREAD: Cambridge Analytica appears to have used a Canadian company, AggregateIQ #AIQ, to cheat UK election laws to steal the #Brexit vote‼️ 1/

theguardian.com/uk-news/2018/m…
Vote Leave was the *official* #Brexit campaign, run by Boris Johnson and Michael Gove.🤔

Right before the election, Vote Leave donated a total of £675,315 in 4 donations over 8 days to BeLeave, a political org set up by two 21-something yo’s who worked for Vote Leave.🤨 2/
Quick digression on UK campaign finance law before adding to the story.🤓

The SPENDING limit for Vote Leave (official campaign group) was £7m. Separate campaigns (such as BeLeave) could spend up to £700,000 each, but CANNOT coordinate or “work together”.🤨 3/
Read 17 tweets

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