Barra Mamia @econcompassing
Indonesian dilettante. Macro, monetary, int'l econs, dev't econs, history, and more. My opinions are just that, not my employer's nor investment advice Jakarta Joined November 2019-
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I keep hearing how tariffs are primarily a tax on US consumers. That’s not correct. More than two-thirds of US imports are intermediate and capital goods. Tariffs are primarily a tax on businesses.
(1/2) Empire’s Workshop, Crude Interventions, and the New Struggle for Venezuela: U.S., China, Russia, and the Fight to Lock Down the Hemisphere Greg Grandin’s Empire’s Workshop argued that Latin America was the testing ground where Washington refined the tools of modern empire…
ever wondered what macroeconomists employed at the US government actually do? source: James Stock at the national academies nap.nationalacademies.org/read/27447/cha…
This is an interesting comparison of China and Mexico, but it's stronger on the description, rather than the reasons, for how China after 1990 rapidly caught up with Mexico but Mexico has stagnated since 1990. Most of the catch-up process has been sectoral reallocation (reducing…
This is an interesting comparison of China and Mexico, but it's stronger on the description, rather than the reasons, for how China after 1990 rapidly caught up with Mexico but Mexico has stagnated since 1990. Most of the catch-up process has been sectoral reallocation (reducing… https://t.co/TOuXnSLIWv
Did Elon have some special way around the various regulations etc? Not really. What he had is a cult of people that were excited to give him money, which further makes me think that the existing barrier to built abundance is something on the financial side.
It actually is crazy that Argentina elected a libertarian to save them from decades of Peronism. And then the US, after building the greatest country ever known to man on the principles of libertarianism, elected a Peronist.
This is one of the most influential papers in labor economics in the last 30 years.
This is one of the most influential papers in labor economics in the last 30 years. https://t.co/VjEsoA2uC7
Lagi baca artikel soal heatwave di Eropa th 2022. Di Seville, penambahan angka kematian rata2 akibat heatwave bisa capai 5-15 orang/hari. Jadi teringat dgn bbrp ojol yang meninggal tiba2 di tengah sedang bekerja. Pernahkah dicek suhu tubuhnya saat itu?
The Demographic Modernization of the Muslim World, by @policytensor
Chinese EV makers win Southeast Asians over with cut-price deals Many Chinese OEMs see exports as more profitable than cars they sell domestically, where margins are paper-thin. s.nikkei.com/4oGsPkz
Upward mobility increases with baseline inequality—a sharp contrast to the traditional Great Gatsby story, from Laura Mayoral, Debraj Ray, and @GGenicot nber.org/papers/w34144
Trump beats Mamdani to seizing the means of production.
Trump beats Mamdani to seizing the means of production.
On inflation, Powell notes that tariff effects “are now clearly visible” and are expected to accumulate in the months ahead. The question for the Fed is whether those price increases will “materially raise the risk of an ongoing inflation problem." Powell said a one-time (but…
On inflation, Powell notes that tariff effects “are now clearly visible” and are expected to accumulate in the months ahead. The question for the Fed is whether those price increases will “materially raise the risk of an ongoing inflation problem." Powell said a one-time (but…
@mattbuford It's not just tracking the CPI, which is up 25% over the same time horizon
Don’t be surprised if China offers Terry Tao the chair of the mathematics department at Tsinghua University. And all the funding he wants. Because it is possible for the US to fumble the bag as the destination for global talent. And indeed it is fumbling that bag right now.
Don’t be surprised if China offers Terry Tao the chair of the mathematics department at Tsinghua University. And all the funding he wants. Because it is possible for the US to fumble the bag as the destination for global talent. And indeed it is fumbling that bag right now.
Fascinating. I've also randomly noticed that some famous European brand would be owned by some Chinese company. Hasselblad the Swedish lens maker, which collaborates with DJI, is owned by a Chinese firm. Idra Group, the maker of Tesla's Giga Press, also Chinese owned.
Fascinating. I've also randomly noticed that some famous European brand would be owned by some Chinese company. Hasselblad the Swedish lens maker, which collaborates with DJI, is owned by a Chinese firm. Idra Group, the maker of Tesla's Giga Press, also Chinese owned.
Thread: How China bought Germany's robotics crown jewel Quick story: I recently called Kuka German in a thread and got called out - "Kuka is Chinese now." This sent me down a rabbit hole. What I found was straight out of Succession, and it reshaped how the West thinks about…
Six months into Trump’s second term, Chinese policymakers now believe “that they have far more power and leverage over the United States on trade than they had previously imagined,” writes Yun Sun. foreignaffairs.com/china/china-en…
One runs a current account surplus (and is controlled by national elites, as the US was ca. 1941); one runs a structural current account deficit (and is therefore in hock to foreign elites and US players who must work with them). Different vibes.
Fed: Why Has Consumer Spending Remained So Resilient? Evidence from Credit Card Data bostonfed.org/publications/c…
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