Gene Frieda

[Gene Frieda @genefrieda]

Europe's defence problem isn't a lack of capital; it's a lack of common demand. Subsidise supply without fixing demand and you risk financing more fragmentation. My latest @Bruegel_org piece argues that a defence bank is not enough: Europe needs a demand-led procurement institution to turn the NATO 5% pledge into real military capability. https://t.co/9Z03HfKIpt

[Gene Frieda @genefrieda]

My first Bruegel working paper is out!
Not a call for treasury-central bank accords, but better to think through the undesirable before it becomes unavoidable.
When an oil shock hits, inflation is already too high, and debt is already binding: what should policy do first? The answer isn't "monetary vs fiscal." It's sequencing.
Where coordination is feasible, it must be pre-committed, conditional, and bounded by a published exit rule. Without that, procyclical adjustment, the EM sudden-stop playbook, becomes the default. https://t.co/giXBTEFwUl

[Gene Frieda @genefrieda]

Policymakers vs. the Iran War Shock by Gene Frieda @ProSyn?referral=1e5fee https://t.co/B8AQu8WfDU

[Gene Frieda @genefrieda]

https://t.co/G4GO5VOynV
The economic consequences of Ukraine peace seem clear. 1919’s consequences stemmed from convenient ignorance. Today’s stem from a lack of systemic counterbalances. It’s much harder today to prescribe solutions (except “please don’t do this”).

[Project Syndicate @ProSyn]

The bond market’s reaction to the British government’s first budget underscores the complex challenges governments face in balancing large fiscal deficits with rising social, environmental, and geopolitical pressures, writes @PIMCO’s @genefrieda. https://t.co/hiJ6YfWAiH

[Gene Frieda @genefrieda]

Congratulations to this year's Nobel Prize in Economics recipients. Double congrats to @ProSyn for bringing contemporary views of 53 past and countless future Nobel prize winners to readers in over 500 newspapers globally. Big ideas rest on broad shoulders.

[Gene Frieda @genefrieda]

Emerging markets has become a redundant term https://t.co/EArqNdBM8N
An inconvenient truth: Emerging markets have not emerged. But the asset class could participate in the broader cycle of flows to risky assets with a few easy tweaks to the way in which the asset class is sold.

[Project Syndicate @ProSyn]

In light of the threat posed by climate change, one could argue that modestly higher inflation is the cost of achieving a green transition. But that is not necessarily the case, writes @PIMCO’s @genefrieda. https://t.co/JTvfjFqpyJ

[Gene Frieda @genefrieda]

Is the Pound Close to the Breaking Point? by Gene Frieda - Project Syndicate https://t.co/QedILs3Xbk

[Project Syndicate @ProSyn]

A scenario in which the dollar’s continued global dominance is upended looks less remote than it did five years ago, says @genefrieda. But don't bet on it happening anytime soon. https://t.co/KSNOYCN9EA

[Ricardo Reis @R2Rsquared]

** MMT is the new supply-side economics
Forty years ago, some economists started from an uncontroversial (but important) result: a lower tax rate raises the tax base, so revenues won't fall as much. But then they ran with it, predicting tax rate cuts could raise revenues.

1/13

[Gene Frieda @genefrieda]

China: Buying Time Is Not Cheap | PIMCO Blog https://t.co/Y8CBVixOa2

[Gene Frieda @genefrieda]

@RevolutApp Yes. That’s now done

[Gene Frieda @genefrieda]

@RevolutApp Can you please contact me for support? Like so many, my account is pending review of documents. No longer able to access an agent and I see delays lasting many weeks. Unacceptable.

[Gene Frieda @genefrieda]

@lanc614 @RevolutApp Add me to the list of victims.

[Gene Frieda @genefrieda]

@tracyalloway What’s the better alternative? You need a theory to beat a theory.

[Gene Frieda @genefrieda]

@mark_dow We knew that after his 1995 WSJ Oped where he proposed solving Tequila crisis by repegging MXN at the pre-deval fx rate.

[Gene Frieda @genefrieda]

China’s Difficult Balancing Act by Gene Frieda - Project Syndicate https://t.co/aAPqvHLIPq

[Gene Frieda @genefrieda]

@georgemagnus1 Hey George, All good:) In Basel for the day after our forum in CA. Your book launch is soon,right?

[Gene Frieda @genefrieda]

These aren’t your father’s emerging markets. Squaring cheap EMs with shrinking global liquidity. https://t.co/HQZ59PWXWX