Discover and read the best of Twitter Threads about #SecularStagnation
Most recents (3)
It was a good to join @TheWorld’s @MarcoWermer and @BTI's Zeke @hausfath to question the compatibility of our relentless #GrowthDependency and achieving carbon targets. A few reflections on the discussion in this thread 1/7
pri.org/file/2021-04-3…
pri.org/file/2021-04-3…
We all agree that rapid absolute #decoupling of emissions (not to mention impacts on #biodiversity etc) is necessary. And possible. By investing in cleaner technology #renewables #efficiency #circulareconomy #greennewdeal @AOC 2/7
Our disagreement arises from whether technology is sufficient to achieve what’s needed – to stay within 1.5 degrees for instance – without challenging @GretaThunberg’s ‘fairytales of eternal economic growth’ #theredqueen 3/7 
A brief 🧵 on why @LHSummers is an arrogant buffoon who, despite a long track record of being massively wrong, still seems to command the respect of policymakers
We can start with #BrooksleyBorn, the prescient head of the @CFTC, who loudly warned of the dangers of the over-the-counter (OTC) #Derivatives market in the 90s: en.wikipedia.org/wiki/Brooksley…
The powerful cabal of @LHSummers, #RobertRubin, and #AlanGreenspan pushed hard against the regulation of derivatives, paving the way for massive financial and human carnage of the #GreatFinancialCrisis pbs.org/wgbh/pages/fro…
How do major pandemics affect economic activity in the longer term? My colleagues (Òscar Jordà, Alan Taylor) and I have a new working paper where we answer this question.
#coronavirus #COVID19 #CoronavirusPandemic #BlackDeath #SpanishFlu #SecularStagnation #NaturalRate
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#coronavirus #COVID19 #CoronavirusPandemic #BlackDeath #SpanishFlu #SecularStagnation #NaturalRate
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Findings consistent with what economic theory prescribes? Yes. Real returns down, real wages up….
Paper here: ssingh.ucdavis.edu/uploads/1/2/3/…
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Paper here: ssingh.ucdavis.edu/uploads/1/2/3/…
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We study rates of return on assets using a dataset stretching back to the 14th century, focusing on 12 major pandemic episodes where more than 100,000 people died. We estimate the impulse response of the European real natural rate to a pandemic episode up to 40 years out
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