Michal Fabinger

Creating a new accredited ML/AI & Data Science M.A. program at Vedian College. Ask me about AI/ML, economics, biology, physics, math, stats, health & nutrition.

[Michal Fabinger @fabinger]

@stanislavfort This would have been an increase in real GDP if measured correctly. Effectively, the quality of the phones increased, which should be reflected in the GDP deflator.

But statisticians don't have a sufficiently good methodology for this, so they would likely ignore this effect.

[Michal Fabinger @fabinger]

@SuryaGanguli Bad news: https://t.co/7tekv8wWPj

[Martin Bauer @martinmbauer]

How gravitational waves distort space: What you see is a quadrupole wave. Conservation of energy–momentum rules out grav monopole and dipole radiation. In other words, gravity is mediated by a spin-2 tensor field (in contrast to a spin-1 field in the case of electromagnetism)

[Michal Fabinger @fabinger]

@Massastrello @RadicalNumerics @MichaelPoli6 @ai_with_brains @exnx Congrats, Stefano!

[Michal Fabinger @fabinger]

@SuryaGanguli @SimonsFdn Congratulations, Surya!

This is super cool both regarding the research directions and the people involved!

[Michal Fabinger @fabinger]

@suzatweet Congrats, Suzana! I'm happy this all worked out!

[Michal Fabinger @fabinger]

@VergaraLautaro The event was "Advanced School on Supersymmetry in the Theories of Fields, Strings and Branes"

[Michal Fabinger @fabinger]

@VergaraLautaro Already back in year 1999, Juan gave great lectures in a monastery in Santiago de Compostela, during the pilgrimage time.

So by now, I think, he's well prepared to be a good candidate.

[Michal Fabinger @fabinger]

@skominers The argument is simple:

They wanted to have a face-saving off-ramp in case the negotiations don't work out.

Now they can simply say: "Oopsie, we used a wrong empirical value."

[Michal Fabinger @fabinger]

Title: Pass-through, welfare, and incidence under imperfect competition

Open access link (click PDF): https://t.co/mV8CdD3mFP

Nathaniel Hendren (@nhendren82) kindly contributed to the quality of the article as the journal editor. 🙏

[Michal Fabinger @fabinger]

I need to raise awareness of my JPubE paper with @taka_adachi on welfare consequences of taxation including ad valorem taxes (like trade tariffs)

Economists cite my JPE 2013 pass-through paper w/ @glenweyl a lot, but don't know about the new more general paper

Open-access PDF⤵

[Michal Fabinger @fabinger]

@zdeborova In the case of curing patients in the US being unprofitable, there would be an easy fix: the government could pay for the cure even if insurance companies don't want to because they don't care about long-term health their patients.

[Michal Fabinger @fabinger]

10. Conclusion 🌐

History consistently shows that tariff wars usually backfire, harming global prosperity. Carefully crafted cooperation and trade agreements have repeatedly proven more beneficial.

(Image credits: Wikipedia and Our World in Data)

[Michal Fabinger @fabinger]

Tariffs, Trade Wars, and Globalization: A Quick Tour from 1900 to Today 📦🌎💸

I've seen someone say that in year 1900, tariffs on international trade were high, so it would be ok to return to that level.

Does this make sense? Let's take a quick look at the history of tariffs.

[Michal Fabinger @fabinger]

9. Africa's Growing Integration 🌍📈

Historically, tariffs and limited infrastructure restricted trade within Africa. Recently, regional agreements like ECOWAS and the African Continental Free Trade Area (AfCFTA) have sought to lower tariffs and boost intra-African trade.