“Central bankers need to profess a lot more humility today. Not because things went wrong in the last few years but because they took too much credit for what went right before.” Great talk by @AdamPosen.
@BJMbraun @jvtklooster @nina_econ @JWullweber check it out, if you haven't already
@MarijnvdSluis I think you will appreciate it too
the lecture is interrupted at some point to announce that a new Pope has been appointed or whatever the term is

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Pavlos Roufos

Pavlos Roufos Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @PRoufos

14 Apr
Reminder: tomorrow morning at 9.30, the #BVerfG will publish its decision on the legality of the #Mietendeckel, a policy that froze rents for over 1.5 million apartments in Berlin since February 2020, on its website 🧨
The #BVerfG declared the Berlin rent cap "null and void".
As expected, the main argumentation of the #BVerfG concerns the question of Länder competence. #Mietendeckel
Read 12 tweets
5 Feb
Interesting debate between @BJMbraun
and @mh0rvath now live at #nextgencentralbanking conference. Issues of institutional amnesia, strategic ignorance and democratic control of central banks by
@BJMbraun, whose paper is here: transformative-responses.org/the-project/ne…
@mh0rvath responds by arguing that the fact that central banks actions have wider effects is often benign or even positive. Moreover, there is nothing progressive in dismantling CBI (mentioning Hungary as an example)
@mh0rvath's argument that central banks evolved into focusing on price stability because "that is what they are good at doing" is a very simplified view on the various conflicts related to the historical emergence of CBI and the price stability mandate (tbf he only had 5 minutes)
Read 14 tweets
5 May 20
Some commentators of today's #BVerfG decision argue that it shows an #ordoliberal bias. Here are some first thoughts about this 1/
From a certain perspective, the #BVerfG decision ticks some key ordoliberal boxes: a) purporting to maintain a constitutional order that limits discretionary economic policy; 2/
b) advising the ECB to remain within its mandate, i.e. a rules-based approach; c) by forcing the ECB to consider the wider economic effects of #PPSP, it is signalling concern about potential “market-distorting” consequences 3/
Read 23 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!