What Comes First: the State, the Market, or Democracy?
One of the oldest questions in political economy is also one of the most practical: in what order do good institutions develop? Do countries first need a capable…
One of the oldest questions in political economy is also one of the most practical: in what order do good institutions develop? Do countries first need a capable…
A common problem in applied microeconometrics arises when the dependent variable is observed at a very disaggregated level, while the main explanatory variable varies at a more aggregated…
This post builds on Jeffry Frieden’s comment on geoeconomics in the NBER Macroeconomics Annual. Frieden’s central argument is that geoeconomic policy should not be analyzed as if states…
I regularly contribute to EconMacro in the field of international macroeconomic shocks that are transmitted via geopolitics, energy markets, exchange rates, and sustainable development. The relevant Reuters story…
In previous research of mine, I proposed a simple and efficient method to identify what I called the geopolitical turning points — unexpected change in bilateral geopolitical relationships.…
Allow me to share this very interesting graph from the latest IEA’s Energy Mix newsletters, based on current projections, the copper market will suffer from a 30% supply…
Allow me to share this piece by The Economist about Tin, a critical mineral that is enjoying a boom: https://www.economist.com/finance-and-economics/2025/04/03/tin-an-overlooked-critical-metal-is-enjoying-a-boom They also underline that Tin has a small…
Allow me to share this very nice visual guide to critical materials and rare earths made by The Economist: https://www.economist.com/graphic-detail/2025/03/24/a-visual-guide-to-critical-materials-and-rare-earths They did a fantastic job and provide the…
Allow me to share the following piece, written by Jared Rubin, about the complex links between religion, development, and growth: https://www.broadstreet.blog/p/religion-and-development When I finished my PhD in 2012,…
As you may know, I am a huge fan of Christopher Nolan. In one of his first movies, Memento, the main character makes a philosophical mistake that could…
The US has announced the toughest sanctions yet on Russian tankers. As stated by Reuters: “Many of those tankers have been used to ship oil to India and…
Last Monday, I had the chance to welcome Hiro Ito for a research seminar at the University Paris 8. We had interesting discussions about this provocative question: Can…
What is science? Science is above all a method aimed at discovering the truth. In a previous post of mine, I recommended a YouTube video capturing a lesson…
After a first post on the conception of the scientific method by Richard Feynman, let us look at the following paper written paper by David F. Hendry: David…
Last Friday, I had the chance to welcome Joshua Aizenman for a research seminar at the University of Strasbourg: https://www.beta-economics.fr/. We had an interesting discussion about this provocative…
In these uncertain times when history and geopolitics are of utmost importance for economics, let me draw your attention to this website with very nice timelines: https://www.cfr.org/timelines The…
During the 16th FIW conference, I had the chance to attend the policy panel on the “Tectonic shifts in the international economic order”. Giorgia Giovannetti gave us some…
During the 4th Italian Workshop of Econometrics and Empirical Economics: “Climate and Energy Econometrics”, I had the chance to attend to the presentation of Giovanni Cerulli’s book on…
The levels of Geopolitical Risks are now close to those of the Cold War, as mentioned by Cullen S. Hendrix in this PIIE chart: https://www.piie.com/research/piie-charts/2024/2020s-mark-return-cold-war-levels-geopolitical-risk. What does it…
In his last book, La Défaite de l’Occident, Emmanuel Todd, a French historian and demographer, argues that the infant morality rate is higher in the US than in…
Let me draw your attention to this piece written by Tomasz Wieladek for The Economist: https://www.economist.com/by-invitation/2023/12/11/tomasz-wieladek-has-an-explanation-for-recent-macroeconomic-puzzles In this piece, Tomasz Wieladek argues that the pandemic recession was particular…
Nowadays, we are talking a lot about uncertainty. It could be interesting to draw your attention to this article, that I mentioned in an older post: Bradley, R.,…
Today, let me draw your attention to this very interesting JEL article. It provides a superb overview of macroeconomic research during the last 40 years. As the authors,…
This is it! You now need 1 dollar to buy 1 euro. To get this picture below, I used the FRED connection with Mathematica 13.1, as I explained…
On October 26, 1985, in Back to the Future Part II, Dr. Emmett Brown (Doc) and Marty Mac Fly go back to 1955 after trying to prevent Marty’s…
The error contained in this sermon determined me to publish my “Agrarian Justice.” It is wrong to say God made rich and poor; He made only male and…
Nothing left to load.