Atanas Pekanov Profile picture
Former Deputy Prime Minister of Bulgaria; Economist @WIFOat, Lecturer/PhDc @wu_vienna | Prvsly @FulbrightPrgrm Scholar @Harvard,@ECB @UCL | OwnViews
Jan 13, 2021 6 tweets 3 min read
Silvana Tenreyro has been arguing for a while that negative interest rates are a *feasible* AND *efficient* way to stimulate the economy and this speech from her is the best summary so far I have seen about it. Main points are: 1/
theguardian.com/business/2021/… "The financial-market channels of monetary policy transmission have worked effectively under negative rates in other countries". That is, negative rates lower cost of capital,depreciate the exchange rate & increase asset prices, all of which increase investment and consumption 2/
Jul 1, 2019 22 tweets 7 min read
If you are interested in the topic of public perceptions & beliefs, views towards redistribution & economic policy and populism, here is a long thread inspired by some exciting recent research by @S_Stantcheva (as presented at #eubef19) and by Guido Tabellini in Milano. 1/22 The message of @S_Stantcheva superb TED Talk: researchers should “listen” to people & gather information about their perceptions & views – using rigorous large online surveys, that are well-designed & targeted - that can help devise optimal policies 2/22