Causation Does Not Imply Variation
I just finished reading the latest blog of John H. Cochrane and I learned a lot of new things, you should read it too: https://www.grumpy-economist.com/p/causation-does-not-imply-variation Basically, Cochrane is…
I just finished reading the latest blog of John H. Cochrane and I learned a lot of new things, you should read it too: https://www.grumpy-economist.com/p/causation-does-not-imply-variation Basically, Cochrane is…
The chart below tracks a 28‑day weighted moving average of political‑tension sentiment for France, normalized by France’s own history. It splits coverage by media origin. On Sep 21,…
Economics is a social science. That might surprise you if you are an economist reading those lines. After all, economists use formalization (mathematics and statistics) like in physics,…
Our work has been mentioned in the blog of the International Federation of Robotics. For decades, technology has reshaped job markets throughout the world, often strengthening the relative…
In his recent article in Foreign Affairs, Nicholas Eberstadt explores the consequence of a world gone gray. Most of the country in the world already have sub-replacement fertility…
The “Wandel durch handel” era is now finished. Basically, the WdH (abbreviation of Wandel durch handel) doctrine means change through trade was the backbone of German foreign policy…
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…
L’Histoire ne rampe pas. L’Histoire bondit. Nassim Nicholas Taleb (2008). Dans ces temps troublés pour l’économie mondiale plongée dans un coma artificiel, l’union monétaire européenne est sur la…
History does not crawl. History jumps. Nassim Nicholas Taleb (2008). In these dark times of ’Coronacoma’ for the World Economy, the European Monetary Union is on the brink……
Policymakers, and institutions like the IMF that advise them, must be guided not by faith, but by evidence of what has worked. Jonathan Ostry, Prakash Loungani, Davide Furceri…
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