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Fabio Ghironi
@FabioGhironi
, 3 tweets, 3 min read Read on Twitter
Three interesting new @cepr_org DPs:

Alesina-Favero-Giavazzi on expenditure- vs. tax-based austerity: cepr.org/active/publica…
Bonfiglioli-Crino'-Gancia on market concentration and US imports: cepr.org/active/publica…
.@c_cantore-Ferroni-Leon Ledesma on monetary policy and the labor share: cepr.org/active/publica…

Other new @cepr_org DPs are listed here: cepr.org/content/cepr-d…
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More from @FabioGhironi see all

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Fabio Ghironi
@FabioGhironi
Conversation between @dandolfa, @arindube, @GeorgeSelgin, and others on the #MMT controversy.
.@krogoff's view: project-syndicate.org/commentary/fed… @ProSyn
And @LHSummers': washingtonpost.com/opinions/the-l…

I'll be at the @stlouisfed in early May. Can't wait to chat with @dandolfa and hear more of his thoughts!
Read 3 tweets
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Fabio Ghironi
@FabioGhironi
Several very interesting papers in the latest @nberpubs WP set in macro and trade:

@RussKadee and Swenson on trade diversion, trade deficits, and KORUS: nber.org/papers/w25613
Gutierrez et al on entry costs, concentration, and the aggregate economy: nber.org/papers/w25609
Baley et al on uncertainty and trade: nber.org/papers/w25606
Read 5 tweets
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Fabio Ghironi
@FabioGhironi
@GabrieleGuzzi @davidevignes81 @albertobisin @econopoly24 Salve. Ho letto il post in cui ha risposto a @Tortugaecon e @MassimoFamularo e ho letto i loro post. Visto che hanno sollevato loro i punti a cui ha risposto, lascio a loro decidere se cio’ che ha scritto sia replica convincente. 1/7
@GabrieleGuzzi @davidevignes81 @albertobisin @econopoly24 @Tortugaecon @MassimoFamularo Dal mio punto di vista, la cosa piu’ importante del suo secondo post e’ il chiarimento fin dall’inizio che il suo intento non era ingaggiare colleghi in una conversazione seria su perche’ il Reddito di Cittadinanza dovrebbe generare piu’ benefici che costi, 2/7
@GabrieleGuzzi @davidevignes81 @albertobisin @econopoly24 @Tortugaecon @MassimoFamularo ma semplicemente lanciarsi in retorica politica confusa e di poco valore informativo per dipingere qualsiasi collega non sia d’accordo con lei su una specifica azione di politica economica come famigerato neoliberista. 3/7
Read 7 tweets

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Cyrus Toulabi
@CyrusToulabi
#NEW: Rick Gates told Mueller that he and Manafort shared Trump Campaign Polling Data in 2016 w/ Konstantin Kilimnik, who has ties to Russian Intelligence.

In new unsealed court docs, it was revealed that Gates was at least one source for the revelation.

bloomberg.com/news/articles/…
#BREAKING: In new court filing, it was revealed that Konstantin Kilimnik...WAS IN DC FOR THE INAUGURATION.

The Manafort and Gates associate, with ties to Russian Intelligence, met with Manafort about the "Russia-Ukraine peace plan."

#REDFLAG: In court transcripts, Andrew Weissman, senior Mueller prosecutor, suggested Konstantin Kilimnik's relationship w/ Manafort & Gates...TIES DIRECTLY TO #CONSPIRACY/COLLUSION.

“This goes...very much to the heart of what the [SCO] is investigating.”
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Antoine Belgodere
@ABelgo_optimum
Il y a, chez certains spécialistes de sciences sociales, un biais assez désagréable, que je vais tenter de décrire en quelques tweets. Ce biais, je le connais bien, car je l'ai pratiqué pendant des années. #thread 1/31
Un chercheur a, en général, deux choses qui le distinguent du commun des mortel : 1- il maîtrise mieux que lui une littérature, des techniques, un jargon, etc, 2- il évolue dans un climat intellectuel toujours emprunt d'un certain conformisme idéologique 2/31
Quand il se confronte au citoyen lambda, il lui arrive souvent d'être interpelé sur le deuxième point, c'est-à-dire sur l'idéologie véhiculée par sa discipline. 3/31
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Ashoka Mody
@AshokaMody
The stand off between @EU_Commission and the Italian government on its fiscal stance is so intractable because it tests and threatens Europe's identity, the core sense of what European leaders believe they stand for: frugality and discipline. prospectmagazine.co.uk/economics-and-…. @prospect_uk
The frugality identity runs deep. @SenatoreMonti said in January 2012, the "precious" German virtues of fiscal discipline have been "marvellously exported." ft.com/content/4385a5….
Those virtues are embodied in the fiscal rules. Chancellor Merkel calls them the guard rails.
@pierremoscovici echoes Merkel's language. Its all about framing. The eurozone, he says, is a condominium. He, as administrator, must enforce rules so no one touches the supporting walls. .

But, of course, as Romano Prodi insisted , the rules are stupid.
Read 10 tweets
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Neil Coleman
@NeilColemanSA
As we go into tomorrows budget policy statement, it is useful to reflect on a #UN report which warns against the dangers of #austerity in South Africa.
A thread on the #MTBPS:

#UN report👇
tbinternet.ohchr.org/_layouts/treat…

@SECTION27news @Zwelinzima1 @GiladIsaacs @social_rights
Following its first review of SA, the UN Committee on Economic, Social and Cultural Rights has called on the government to review its fiscal policies in order for the country to meet its human rights obligations and achieve greater levels of economic redistribution.
Citing “unacceptably high levels of ...inequalities” persisting since apartheid,the Comm said inadequate “personal &corporate income taxes, capital gains &transaction taxes, inheritance tax, &property tax, dont enable [SA]to mobilize the resources required to reduce inequalities”
Read 14 tweets
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Zafar Shaikh
@zafargs79
#New Traders, Understand #Mathematics Of #Profit In Market Before You Put Hard #Earned Money On Risk.

Expectancy = Success Rate x Reward Risk Ratio

Lets Talk About Expectancy Of Short Term Directional Trading System.

Read On (1/n)
Success Rate = No Of Profitable Tades/ No Of Loss Making Trades

Reward Risk Ratio = Average Profit Per Trade / Average Loss Per Trade

If Success Rate is 0.5 and Reward Risk 2, Then

Expectancy = 2 x 0.5 =1

For Making Profit, Expectancy Should Be Positive Number (2/n)
To Calculate Expectancy, You Need Defined System With Rules To Get Success Rate and Reward Risk. If You Have No System To Take Decisions, You Are Hanging In Thin Air and Will Never No Whether You Will Keep Making Or Loosing Money In Future (3/n)
Read 12 tweets

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