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@Fmirw

Macro & finance tweeting. Engaged in eurocrisis.

Joined September 2012
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  1. Retweeted
    Jul 28

    Very brief summary of "Behavioral Economics and Financial Decision Making" explaining cognitive biases such as confirmation bias, overconfidence bias, loss aversion, endowment effect, status quo bias, and biases related to choice overload.

    4 retweets 24 likes
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  2. Jan 1

    Why Markets Boomed in a Year of Human Misery

    1 retweet 2 likes
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  3. 4 Dec 2020

    Es bestätigt lediglich die stets vertretene Haltung: Mafia betrifft immer nur die anderen. Und: Was heißt schon Geldwäsche? Müssen wir uns auch noch darum kümmern, woher das Geld kommt, das in Deutschland investiert wird?

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  4. 4 Dec 2020

    Dass man in Deutschland immer noch nicht begriffen zu haben scheint, wer oder was die (italienische) Mafia ist, beweist dieses Urteil. Was den ethischen Aspekt angeht, ist es ein Schlag ins Gesicht von unzähligen Opfern und deren Familien

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  5. Retweeted
    28 Sep 2020

    New paper "The euro area periphery and imbalances: Is it an Anticipation Story?," by The paper tries to rationalize the current account imbalances observed in Greece, Ireland, Portugal, and Spain before the Great Recession. (1/2)

    1 reply 4 retweets 21 likes
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  6. 21 Sep 2020

    Demand-driven Euro appreciations are typically accompanied by persistently higher inflation. Exogenous Euro appreciations, however, are disinflationary for a number of quarters and typically met with significant easing of the relative monetary policy stance -

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  7. 21 Sep 2020

    Pure exchange rate shocks and shocks to the relative monetary policy stance of the ECB have generally been important drivers of exchange rate volatility -

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  8. 21 Sep 2020

    The decomposition of Euro area GDP growth into relative monetary policy shocks, pure exchange rate shocks and aggregate demand and supply shocks -

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  9. 21 Sep 2020

    With vastly different cyclical backdrops, the ECB’s policy stance around sustained Euro appreciation episodes has not followed an obvious pattern -

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  10. 21 Sep 2020

    Changes in the trade-weighted Euro exchange rate and import prices, such as for consumer goods, are tightly linked and relatively stable over time. The relationship with consumer price inflation is tenuous, by contrast, and typically found to have fallen over time -

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  11. Retweeted
    4 Sep 2020

    "In DSGE models ... economic system is assumed to behave like a consumer with fixed preferences over how much they wish to consume ... This is equivalent to attempting to model the behaviour of a colony of ants by constructing a model of one large ‘average’ ant." -

    The Fable of the Ants, or Why the Representative Agent is No Such Thing – Critical Macro Finance
    3 replies 16 retweets 70 likes
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  12. 26 Aug 2020

    The Crowding-Out Myth by Robert Skidelsky

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  13. Retweeted
    23 Jul 2020

    What is saving? The number we "save" in our bank account out of the pay-check is just that - a number in a computer Our hope when we save is that the number means something. But that cannot be taken for granted

    42 replies 406 retweets 1,156 likes
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  14. Retweeted
    22 Jul 2020

    Interesting piece by on why the EU's share of global GDP in the past 10-15 years has declined so rapidly relative to that of the US, which has been stable. The EU economy used to be larger than that of the US. Now it is 10-15% smaller.

    6 replies 21 retweets 41 likes
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  15. 17 Jul 2020

    Economists on the Run

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  16. 15 Jul 2020

    Post-Keynesian Price Theory: From Pricing to Market Governance to the Economy as a Whole .

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  17. 14 Jul 2020

    Methodology of Economics: How Mathematicians Explain - Or Should They?

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  18. Retweeted
    13 Jul 2020

    Epidemiologists, please include behavior change in your models, but not as economists do. Economists, please relax about including behav change in an “ad-hoc” way, you have a world of realistic assumptions at your fingertips. 👇

    2 replies 18 retweets 61 likes
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  19. 29 Jun 2020

    U.S., China, Germany and Italy (Real GDP, domestic currency)

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  20. Retweeted
    28 May 2020

    The whole idea that the EU, a configuration of mostly centuries-old nation states with strong identities, may follow the path the US in 1790 -- a group of new settlements -- has taken, strikes me as completely unhistorical.

    No, this isn’t Europe’s ‘Hamiltonian moment’ - The Washington Post. ⁦⁩ on the money. A must read for EU watchers.
    7 replies 15 retweets 71 likes
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