Hello dear Spotify founder @MartinLorentzon
There is nothing “absurd” about pointing out that Swedish billionaires like yourself pay a lower share of their income in taxes than ordinary Swedes. It is a fact.
But since you question our research on the regressivity of Sweden’s tax system, allow me to explain the main conclusions of our work, the most comprehensive to date on this issue. 🧵
Economics has an elitism problem.
It is the *only* discipline that exhibits a high and growing institutional concentration among its Nobel laureates.
It's basically a rite of passage to have been at one of only eight elite US universities to win the prize.
Prices of imported goods at major U.S. retailers have continued to increase steadily since "Liberation Day".
Our updated tariff paper now covers 262K+ products with country-of-origin information — including 60K newly added — and features improved methods for identifying affected categories using Federal Register data.
Full paper: https://t.co/n6yTD4FxHw
Will tariffs be inflationary?
One argument I haven't seen people make is that there is a potential for large and wide-spread tariffs to act similarly like a small version of the European energy shock in 2022: By triggering shift in the coordination equilibrium, ...
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The call for paper for the 4th Agent-Based Modelling for Policy (ABM4Policy) workshop is finally out! The workshop is co-organized with the European Central Bank. Deadline for paper submissions: April 9th.
https://t.co/QPkgPmtv3t
The event takes place prior to the "Microdata in Macromodels" MacroABM Workshop. Keynote speakers: C.H. Hommes & M. Spielauer.
Here: https://t.co/O5O2EJLyVf
📢📢 YSI Pre-Conference Workshop at @wu_vienna !
We are hosting an introductory course on Macro ABM (Apr 28) in collaboration with @ysi_commons.
A great opportunity for Master's & early PhD students!
More info here: https://t.co/Icm5AhTwEG
Zero-sum thinking is on the rise, and weaker economic growth may explain why.
Older generations grew up with high growth and formed aspirational attitudes; younger generations have faced low growth and are more zero-sum.
It’s surprising how much large firms influence aggregate inflation dynamics - even during the recent inflation surge.
⬇️🧵 on a new paper https://t.co/mEvnXJUxfO with @SEAlvarezBlaser@LeinSarahMarit and Andrei Levchenko (1/5)
New on https://t.co/lmi0paMm42: "Firms as tax shelters: The disguise of personal expenses as business expenses", by D. Leite
Key finding: individuals who control firms shift 36% of their monthly personal expenditures to firms
Conclusion: inequality is underestimated; redistributive taxation won't be enough to solve the pb; we also need economic democracy
https://t.co/Jzjo2jHIc0
Inflation differs across income groups as consumption baskets’ prices rise at different rates (round dot). But fossil fuel profit flows alone also compensate large shares of inflation for the rich sharply increasing the inequality in inflation burdens (squares and disks). 9/
Join us in Pisa for an exciting workshop on Jan 28-29, 2025! Connect with the #ABM community for two days of insightful discussions and collaboration. Don't miss out!
Read our INET working paper on the limitations of environmental DSGE models and their implications for the macroeconomics of the climate crisis. 1/n
https://t.co/8w30rpliL4