Discover and read the best of Twitter Threads about #covideconomics
Most recents (2)
๐จ*๐๐๐๐๐ ๐๐ฎ๐๐ ๐๐ญ ๐๐๐๐ ๐๐ก๐๐ซ๐ญ๐ฉ๐๐๐ค* ๐จ
All you need to know ahead of next week's #Budget in one... THREAD ๐
1/19
#CovidEconomics
#BudgetSpeech2021
#EconTwitter
All you need to know ahead of next week's #Budget in one... THREAD ๐
1/19
#CovidEconomics
#BudgetSpeech2021
#EconTwitter
The #Budget2021 comes at a critical time when the UK is in the middle of battling the #pandemic and the economy is substantially weakened with uneven effects at industry, household & region level.
Read the economic context to #Budget2021 here ๐
2/19
niesr.ac.uk/publications/uโฆ
Read the economic context to #Budget2021 here ๐
2/19
niesr.ac.uk/publications/uโฆ
๐ขNew paper alert๐ข
"Defaulting on #Covid19 Debt: Domestic or Foreign?" my new paper coauthored with Kirill Shakhnov has been published in #CovidEconomics Vetted and Real Time Papers:
bit.ly/3jMqySP
@cepr_org @voxeu
@cardiffbusiness @economicssurrey #EconTwitter
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"Defaulting on #Covid19 Debt: Domestic or Foreign?" my new paper coauthored with Kirill Shakhnov has been published in #CovidEconomics Vetted and Real Time Papers:
bit.ly/3jMqySP
@cepr_org @voxeu
@cardiffbusiness @economicssurrey #EconTwitter
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We start by observing that #CovidShock is special in two respects: is completely unexpected and causes GDP to fall and public expenditure to rise simultaneously and by large margins. The figure is based on IMF WEO June Update, axes are in percentage points:
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We write a problem of a government unsure about productivity and expenditures and has debts to pay. Importantly, there are two debts: foreign and domestic. Taxes are distortionary and it can default on either obligation.
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