Solomon Michael

Economist|Trade Facilitation|#EconQuantModeling

[Anthropic @AnthropicAI]

Anthropic’s Economics team is sharing a new model of how AI might affect economic growth, jobs, wages, and more by 2030.

Explore the scenarios, tell us what you think will happen, and see how your answers compare to more than 10,000 Americans. https://t.co/AvQlEZNxR0

[Solomon Michael @SolmichM]

@AtlasFifeV X,

[HAKAN YILMAZKUDAY @yilmazkuday]

Domestic trade contributes about 94 percent to overall welfare gains from trade, whereas the contribution of international trade is only about 6 percent. https://t.co/SSyr5lQXzK

[HAKAN YILMAZKUDAY @yilmazkuday]

"Trade and Cities" is available at the World Bank Economic Review: https://t.co/RSQ2zrp9C5

[Prof. Steve Keen @ProfSteveKeen]

"Don't Study Climate Change" Top Economist Warns Students

[Richard Humphries܁ @RG_Humphries]

The changing landscape of Africa’s growth. "This @WorldBankAfrica paper examines the main features of real growth per capita of Sub-Saharan Africa over the past six decades, before uncovering the sources of growth - including those of growth miracles."
https://t.co/phAe0XPyRK

[Monica Hangi @HangiMonica]

PARTNERSHIPs are key for any success. @TradeMarkAfrica has built a strong brand that is reflected by the formed strategic partnerships for an inclusive and sustainable trade in Africa.

[Noah Smith 🐇🇺🇸🇺🇦🇹🇼 @Noahpinion]

The problem with macroeconomic models is that if you're good at the basic skill of model-making, you can get them to say absolutely anything you want.

[Solomon Michael @SolmichM]

@C_Mba__ 😅

[Jed Silver 🟣 @jedediahsilver]

Farm households in developing countries face many different market failures. But how do they each matter for aggregate productivity? And what should policymakers do about them?

My JMP provides a new way to answer these questions using data from rural Thailand.

1/🧵

[Max Verstappen @Max33Verstappen]

This is the perfect way to end our extraordinary season 👏 I’m extremely grateful for all of the hard work that’s gone into this year by each and everyone of you involved @redbullracing & @HondaRacingGLB 🙌 To win 19 races in a season is just incredible 👏 It’s a privilege to be able to drive such a car and work with all these amazing people! 🙏

[Formula 1 @F1]

MAX VERSTAPPEN WINS IN ABU DHABI!!! 🏆

#F1 #AbuDhabiGP

[Nassim Nicholas Taleb @nntaleb]

The more abstract the offer, the more insincere the person.
People who say "call me if you need anything" or something vague are trying to get rid of you. Those who offer something concrete, such as "call me if you need tickets for Saturday's," are genuinely trying to help.

[David Andolfatto @dandolfa]

What is the best journal article ever published by someone in the Economics profession & why (please explain practical significance). 🤓

[Maria May @MariaMayhem523]

Closing the day with reflections from @TradeMarkAfrica @FSDTanzania and @gatesfoundation on what they learned and potential quick wins like light-touch biz support. #smallfirmdiariesug

[HAKAN YILMAZKUDAY @yilmazkuday]

***************************
!!! JUST ACCEPTED !!!
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“Understanding the Global Drivers of Inflation: How Important Are Oil Prices?” has been accepted for publication at Energy Economics.

This paper examines the global drivers of inflation in 55 countries over 1970–2022 by using a Factor-Augmented Vector Autoregression model and assessing the importance of several global (demand, supply, and oil price) and domestic shocks.

It reports three main results.

First, global shocks have explained about 26 percent of inflation variation in a typical economy.

Second, global shocks have become more important in driving inflation variation over time.

Third, oil price shocks tended to contribute significantly more to inflation variation in advanced economies, countries with stronger global trade and financial linkages, commodity importers, net energy importers, countries without inflation-targeting regimes, and countries with pegged exchange rate regimes.

[Oracle Red Bull Racing @redbullracing]

THREE-TIME CHAMPIONNN OF THE WORLD!! 👑👑👑

[UK in Tanzania @UKinTanzania]

📢Our High Commissioner @DConcar joined HE Hon. @KassimMajaliwa_, Hon. @kitilam among other honourable guests for the Tanzania Electronic Investment Window launch.

🇬🇧 is proud to have supported this initiative via TradeMark Africa programme, promoting 📈 of investments in 🇹🇿.

[TMX @tmx_tz]

Changes in Commodity Prices traded through TMX Online Trading System at the close of last week. The changes are a result of supply and demand of commodities.
#online #commodity #trading
#coffee #cocoa #economy #agribusiness #commoditymarkets https://t.co/YVh4kDX40l

[Formula 1 @F1]

VERSTAPPEN WIIIIIINS!

He never looked back after taking the lead at the Temple of Speed, taking another crushing victory in 2023

It's his TENTH in-a-row!

#ItalianGP #F1