Discover and read the best of Twitter Threads about #greenflation
Most recents (6)
2022 was another challenging year for the @ecb. My personal review of the year collects some of my speeches and a few striking charts. All speeches and accompanying slides can be found on the @ecb’s website. A special thanks goes to #ECBstaff for their continuous support! 1/19
The speech “Looking through higher energy prices? Monetary policy and the green transition” (8 Jan 2022) argued that monetary policy cannot afford to look through higher energy prices if they pose a risk to medium-term price stability. #ClimateChange 2/19 ecb.europa.eu/press/key/date…
#Chart US shale oil production has been responding more slowly to rising oil prices, as fossil investments may no longer prove profitable to investors over the medium term. 3/19 
Inflation might be easing for now, but we are living in an age of overlapping emergencies. More shocks are likely to come. We need economic policy preparedness for micro stabilization. But which prices matter?
A new working paper 🧵
scholarworks.umass.edu/econ_workingpa…
A new working paper 🧵
scholarworks.umass.edu/econ_workingpa…
Inflation used to be thought of as being ‘always and everywhere a macroeconomic phenomenon’ that macro tightening should address. However, the current inflation is the result of sectoral shocks that involve large changes in relative prices & require a micro policy response. 2/
But which of the price shocks are most important for general price stability? We propose a method to identify systemically significant prices for inflation using input output simulations. 3/
What's the deal with Europe's inflation?
Find out in my latest video:
Find out in my latest video:
If you want links to sources and extra analyses, read the blog post (with 15 footnotes, like in the good old times 🥲)
blog.janmusschoot.be/2022/09/28/ene…
blog.janmusschoot.be/2022/09/28/ene…
The video & blog contain an updated version of my earlier thread about inflation in Europe. It now includes all EU countries, plus the UK, Switzerland, Norway & Iceland.
Let's talk electricity.
Europe is in danger of rolling electricity shortages from what I call a crisis of confidence.
I will explain why, back it with data & kindly ask YOU to share it as the fix lies in voting for balanced policies. We must adapt, urgently!
1/n
#Electricity
Europe is in danger of rolling electricity shortages from what I call a crisis of confidence.
I will explain why, back it with data & kindly ask YOU to share it as the fix lies in voting for balanced policies. We must adapt, urgently!
1/n
#Electricity
For those of you short of time, attached a brief summary of the issue at hand.
I was asked to compare the 1970ies energy crisis with today's for a Turkish newspaper. My answer below.
For those of you with time, please read on.
2/n #Greenflation #Stagflation @WifeyAlpha
I was asked to compare the 1970ies energy crisis with today's for a Turkish newspaper. My answer below.
For those of you with time, please read on.
2/n #Greenflation #Stagflation @WifeyAlpha
The European electricity grid is a modern miracle. It is the largest synchronous electrical grid (by connected power) in the world. It interconnects 520 million end-customers in 32 countries, including non-European Union members such as Morocco or Turkey.
3/n
3/n
@Isabel_Schnabel did another brillant speech on #greenflation, that is, how rising prices in commodities and rare earth metals are complicating the green transition. She touches on many points tackled by @cedric_durand & others but maybe neglects 2 crucial issues 🧶👇
What is Greenflation? It relates to the fast rising prices of the materials needed for the green transition. Take lithium, which is mainly used to build batteries (74% end use), the key component for switching to electric cars AND solar panels: its price rose by 1000% (no typo)
While Schnabel rightly underlines that inflation should be tolerated by central banks, which should support the fiscal efforts of governments to ramp up investments related to green economic systems, she is silent on 2 major problematic issues related to market driven transition
Die #Inflation von 4,1 % im September löst viel Empörung aus. Der Schuldige ist für manche in 🇩🇪 klar: es ist die #EZB, die die Inflation in die Höhe treibt und die #Sparer „enteignet“.
Der Alarmismus ist falsch, manipulativ und schädlich.
Ein Thread mit Zahlen und Fakten:
Der Alarmismus ist falsch, manipulativ und schädlich.
Ein Thread mit Zahlen und Fakten:
„Mega-Inflation von 4,1 Prozent frisst unser Geld auf“ (#Bild Zeitung)
Ist eine #Inflation von 4,1 % im September 2021 ein Problem?
Oder ist es nicht viel mir eine gezielte Panikmache um von Fehlern der Politik abzulenken?
Ist eine #Inflation von 4,1 % im September 2021 ein Problem?
Oder ist es nicht viel mir eine gezielte Panikmache um von Fehlern der Politik abzulenken?
Fakt #1: Preise sind im September 2021 NICHT auf ein Rekordhoch gestiegen, sondern sie sind im Vergleich zu August und Juli 2021 GLEICH geblieben (monatliche Inflation von 0,0%).
