Top Tweets for #ECON2
Productivity....probably the most dismal UK macro indicator over the last 15 years, but one whose importance most students fail to recognise. Biggest driver of incomes and living standards. Stagnated and possibly declined since GFC. #economics #econ2
My Sunday Times piece: Productivity is the way out of the debt bind in which we find ourselves, if politicians can be trusted not to immediately spend the proceeds of stronger growth:
How do we avoid falling deeperย into the debt trap?
https://t.co/R4CZvmpUg9
Productivity- the macroeconomic indicator students consistently ignore/under rate...yet so significant in the LR @dsmitheconomics #econ2
My Times piece today: While everybody is focused on inflation, there is also some slightly more encouraging news on productivity, and the hope AI will deliver further improvements:
At last, better news on productivity and some genuine hope for the future
https://t.co/tyKozImmat
CPI inflation has fallen to 7.9% for June. ๐ซข Still the highest in the G7, with the Eurozone at 5.5% and US at 3%. ๐ฆ Falling fuel prices contributed to the drop. Mortgage holders will hope this prevents a 14th consecutive interest rate rise. ๐ซฃ #edutwitter #EconTwitter #econ2
Around 800,000 people are expected to re-mortgage next year, as their fixed-rate deal ends. โ ๏ธ Despite the Bank Rate being 4.5%, the average 2-year fixed rate is at 6.25%. Showing that market interest rates do not precisely follow along. #edutwitter #EconTwitter #econ2 ๐ซโ
Finally found a dessert-related image to illustrate the Keynesian multiplier effect during my lessons. ๐ค๐๐โฒ๏ธ #economics #econ2 #EconTwitter #edutwitter
Kinked demand curve ๐ก After Tesco yesterdayโฆ Aldi, Lidl and Asda announce a 5p reduction today. ๐ฅ๐ In an effort to not be outcompeted, this example of โprice warโ activity could indicate that wider inflation is starting to ease. ๐ #econtwitter #econ2 #econ3 #edutwitter
Visited the Bank of England todayโฆ and I am pleased to announce that the cost of living crisis is over.๐ฐ๐๐ข๐ก #econ2 #EconTwitter #inflation
Follow this link to find the main diagrams needed for any high school economics course - AP/IB/A-Level/IGCSE. Please retweet and PM me if you would like the PDF and I'll send to you ๐https://t.co/fPtOsmulrl
The Fed alone cannot bring inflation down https://t.co/fkPbMgUb4A
The pros and cons of QE โ part โ https://t.co/0iVJkWwpRt
Concerns regarding the prospect of cuts ๐ ๐ ๐๐ HS2 has already brought about additional private sector investment. Cutting infrastructure projects yet to be completed such as rail, road and internet. ๐๐๐ causing a negative multiplier effect. #econ2 #EconTwitter #edutwitter
Interest rates jump by their highest since Black Wednesday in 1992. ๐ฌ UK is forecasted to face its longest recession on record. ๐จ๐ฅ as the Bank of England sacrifices growth, with demand-dampening monetary policy, to battle cost-push inflation. ๐ค #EconTwitter #edutwitter #econ2
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