Gabby Domingo

Economist in the Philippines

[Gita Gopinath @GitaGopinath]

How to address global imbalances? What are its proximate causes and what are not? What about sectoral imbalances? Solutions? Our report on global imbalances handed in yesterday to President @EmmanuelMacron for the G7, written with @helene_rey, Axel Weber and Chon-En Bai. The report can be found here: https://t.co/bSEZA7DA0R

Announcement: https://t.co/XCegCaCgQ2

[Dean Yang @deanyang]

New in @AEA_Journals' American Economic Review: migration doesn't hollow out the home economy — it builds it up.

More than 75% of the long-run income gains from migration are domestic. The home economy itself grows.

Here's what we found: 🧵

[Gita Gopinath @GitaGopinath]

I cannot speak to what is a 'legally' sound application of Section 122, however I can make the following economic points as there is much confusion about persistent US trade deficits and a balance of payment crisis. The difference is similar to suffering from chronically high cholesterol versus having a heart attack. US trade deficits are large and need to be brought down. Reducing US fiscal deficits is important. At the same time, there is no doubt in the US ability to pay the world and therefore no crisis. There is high cholesterol but not a heart attack. In the early 1970s the US did have a heart attack. That was when the dollar was pegged to gold and other countries were pegged to the dollar. The US was in real risk of running out of gold to make its payments which then led to the collapse of Bretton Woods. The difference between persistent trade deficits and a BoP crisis is not semantics. The policy actions required to address them are not the same. A 150 day tariff cannot reduce persistent trade deficits and the US is not having a heart attack.

[Gabby Domingo @GabzBD]

@GoyoYLarrazabal @LTOPhilippines @DOTrPH This makes sense. Calendar days make no sense unless u want to scare people or deliberately get people to run afoul of the law

[Asian Development Bank Institute @ADBInstitute]

ADBI is seeking several highly motivated 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞𝐬 to join its dynamic research team. We are looking for candidates with strong interests in development economics, microeconomics, and/or macroeconomics.

📍Candidates should be nationals of one of the Asian Development Bank member economies, currently residing in Japan, and have valid work permission.
𝐀𝐩𝐩𝐥𝐲 𝐡𝐞𝐫𝐞: https://t.co/GFnNaXDE4g

[Gabby Domingo @GabzBD]

@terryridon Why is it reckless driving? What's the logic

[Gabby Domingo @GabzBD]

@mae_mercadow We don't have to participate kung ayaw natin

[Gabby Domingo @GabzBD]

@Teddybird @Wisdom_HQ It's 18 po. Pattern is tye element times the sum or 5x10=50, 6x12=72, 3x6=18

[Gabby Domingo @GabzBD]

@genylapina Lego fig? Nice!

[Gabby Domingo @GabzBD]

@TradeDiversion But isn't it true that under standard models exporting sector expands to a shrinking import sector. This reallocation raises real incomes?

[Gabby Domingo @GabzBD]

@JesusFerna7026 When you say relatively low, relative to what?

[Renacimiento Manila @rebirthmanila]

Manila's Lost Waterscape (Updated) 🧵
Waterways and shoreline of Manila in 1898 superimposed on a satellite map of modern Manila.

The water never forgets.

#RebirthManila

[Gabby Domingo @GabzBD]

@bigbrotherteej Electoral volatility sounds interesting! What level?

[Gabby Domingo @GabzBD]

@bumaBAgyo Is this really how chance of rain is defined?

[Gabby Domingo @GabzBD]

@jayeel_cornelio @michiganstateu @DOSTphl Msu I pretty good. Any chance up can benefit?

[Jason Kint @jason_kint]

woah, I've now read Google and DOJ's proposed remedies for Google's 3rd antitrust defeat (adtech). I threaded Friday's hearing but this full doc is nothing short of beautiful. Best stuff may be missed so hear me out. This is a huge deal - 10yrs, "lifeblood of the Internet." /1

[Bia @BeatrizGietner]

This is an incredibly important paper that I think all professors TAs, curriculum designers, EdTech developers working on AI tutoring tools, educational policy makers, academic administrators and et al. should read it

[Gabby Domingo @GabzBD]

@dieworkwear Setting discussion on clothes and makeup aside, this is about putting on effort vs no effort. Which is true across the genders no?

[Cory Doctorow NO LONGER ON TWIT TER @doctorow]

There's Zuck, whose underlings let him win at board-games like Settlers of Catan because he's a manbaby who can't lose (and who accuses Wynn-Williams of cheating when she fails to throw a game of Ticket to Ride while they're flying in his private jet.

8/

[derek guy @dieworkwear]

Finally, I'd be remiss if I didn't mention Signet in Manilla. They're a multi-brand store, not necessarily a maker, but they have such great taste in both casualwear and tailoring. If I was in Manilla, I would make a beeline to their store and buy whatever they recommended.