Hylton Hollander

... And in all your getting, get understanding.

[Ricardo Reis @R2Rsquared]

*** The next step for Trump's economic policy ***

President Tump loves tariffs.
Tariffs are taxes on the consumption of imported goods.
What about boldly following through and... extending his favorite policy tool to all goods?

Hear me out…

[Hylton Hollander @econ5piracy]

⁦@MaMoMVPY⁩ spot on! (And well picked up—I missed Vance’s misplaced premonition) https://t.co/mYPyG6nuPV

[Ben Golub @ben_golub]

One more subtlety about the insanity of this tariff war from @tyler_econ

Sales between firms aren't one-off. They rely on trade credit and other long-term reliances.

You send me goods knowing I'll pay you later. Or you invest to help me b/c relationship is worth it.

1/

[Alberto Cavallo @albertocavallo]

While the USTR tariff calculator cites the findings from Cavallo, Gopinath, Neiman & Tang (2021) it is not entirely clear how they use our findings. Based on our research, the elasticity of import prices with respect to tariffs is closer to 1. If that figure were used instead of 0.25, the implied reciprocal tariffs would come out about four times smaller.

[Jesús Fernández-Villaverde @JesusFerna7026]

Deep learning (DL) is proving remarkably effective at solving dynamic models in economics:
📄 https://t.co/LXl71CERvg
Curiously, DL often yields stable solutions without explicitly imposing boundary conditions (e.g., transversality).
Why does this work? A short thread 🧵👇

1/7

[Hylton Hollander @econ5piracy]

The average college student today https://t.co/IZIXdSxAlH

[Branko Milanovic @BrankoMilan]

The (fast) decline of South Africa

[Hylton Hollander @econ5piracy]

https://t.co/uQHij1IwzU

[Hylton Hollander @econ5piracy]

Risks abound as South Africa wades into murky waters https://t.co/y2SSYlErv2 via @BusinessLiveSA

[George Selgin @GeorgeSelgin]

Keynes was no champion of laissez faire. Still, the conservative-libertarian treatment of him as the _fons et origo_ of irresponsible fiscal and monetary policies can’t be justified by appeal to his actual writings on those subjects, which most of his critics have never read. 1/2

[Giovanni Ricco 🇪🇺🇺🇦 @ricco_giovanni]

Please consider submitting your work to the Advances in Structural Shocks Identification workshop at the @bse_barcelona Summer Forum, 5-6 June, in Barcelona

Keynotes: @PesaventoElena and @Francesco_Bia

https://t.co/auMjHsXsKO

[Jason Furman @jasonfurman]

I know many skeptics of prediction markets. I don't have an ideological faith in them (OK, maybe quasi ideological). But the empirical evidence is they have worked really, really, really well. And did again on Tuesday night.

A short 🧵 about this remarkable picture.

[Hylton Hollander @econ5piracy]

HILARY JOFFE: Budgeting for fiscal credibility as Treasury makes changes https://t.co/30dfxGIaIL via @BusinessLiveSA

[ERSA @econrsa]

Call for Papers:
Submit by: 15 Jan 2025
We invite you to our 2-day Conference examining inflation, its drivers, effects and trade-offs
Learn more: https://t.co/qjLMPt0Z1f
@tosinfad Gisele Mah @Katriensmuts Ruthira Naraidoo
@econ5piracy Clinton Joel Junior Maih Christian Tipoy

[Ben Golub @ben_golub]

there is also a lot of genuine misery!

https://t.co/Jx7DCHxqeG

[Hylton Hollander @econ5piracy]

@Havemania

[Hylton Hollander @econ5piracy]

https://t.co/UaeRw2lZsh

"Fiscal policy in times of fiscal stress (or what to do when r > g)"

Keywords: Fiscal sustainability, Fiscal consolidation, Policy coordination, Optimal policy, Fiscal anchors, Fiscal rules

[Hylton Hollander @econ5piracy]

https://t.co/UaeRw2lZsh

"Fiscal policy in times of fiscal stress (or what to do when r > g)"

Keywords: Fiscal sustainability, Fiscal consolidation, Policy coordination, Optimal policy, Fiscal anchors, Fiscal rules

[Hylton Hollander @econ5piracy]

https://t.co/UaeRw2lZsh

"Fiscal policy in times of fiscal stress (or what to do when r > g)"

Keywords: Fiscal sustainability, Fiscal consolidation, Policy coordination, Optimal policy, Fiscal anchors, Fiscal rules

[Hylton Hollander @econ5piracy]

Debt-financed fiscal stimulus in South Africa https://t.co/P6CSNROYrx

[Hylton Hollander @econ5piracy]

Friday assorted links - https://t.co/OwtlLuqtoF @daan_steenkamp @CoderaAnalytics