How has the profitability of non-financial EU companies changed after the pandemic and the energy price shock?
📖Read our paper on how firms have navigated the shocks: https://t.co/6GoGyGJ74c
Was muss noch alles passieren, bis der Bundeskanzler endlich Taurus liefert, bis endlich die Freigabe für weitreichende Waffen gegen mil. Ziele in RUS erteilt wird, bis endlich mehr Leopard2, Fuchs und Munition kommen? Heute einer der schlimmsten Angriffe auf zivile Infrastruktur und Zivilisten in der Ukraine, mind. 41 Tote, über 200 Verletzte heute an nur einem Ort in Poltawa und der Westen schaut einfach nur zu. Das ist unsere Mitverantwortung, unser "NieWieder"-Gefasel ist so unfassbar unglaubwürdig.
New publication on "Mid-Tech Europe? A Sectoral Account on Total Factor Productivity Growth from the Latest Vintage of the EU-KLEMs Database" is out!
📘Read more about the total factor productivity growth developments in the 🇪🇺 EU compared to the 🇺🇸 US: https://t.co/CrRywzsAGd
Two years.
It's been two years since that fucking night of February 24.
We knew -- well, we've been told "it's not 100% confirmed yet...but THIS is possibly due at 4 am or 5 am, stay put."
A half-glass of single malt whisky with ice poured into a glass, the final hours alone in sweet silence in front of a laptop.
Scrolling through the news all the time.
And then the morbid face of Putin twisted with sick rage live on TV. And, shortly after, the rolling thunder of missile strikes coming in from all around Kyiv.
That was supposed to be the apocalypse of a nation, but, thanks to so many men and women standing up, that night became the beginning of Ukraine's finest hour.
The one that old grandpa Winston was once talking about.
Oh, it's been an epoch of time ever since that day.
The Battle of Kyiv. The heroic resistance of Sumy, Chernihiv, and Kharkiv. A lone Ukrainian Marine sacrificing his life to blow up a bridge and stop advancing Russian tanks.
The tragic debacle in the south. The Russian extermination of Mariupol. The Bucha massacre. The unspeakable meat grinder in Donbas. The Kharkiv operation. The cheering crowds jubilating from the Ukrainian colors getting back to Kherson.
The fields of death and gore at Bakhmut and Avdiivka. Battles in the sea and the air.
So many ups and downs, so many heroes, human-made miracles. The price of survival as a nation is terrible. We're going to mourn and shed tears many decades in the future over what Russia has done.
We've seen unbelievable things in this war. Ukraine has done and is doing incredible things in this war in spite of all odds.
The Ukrainian military has been making a gargantuan sacrifice against one of the largest and the most brutal war machines in human history.
Everyone in this war has revealed their true face, from very ordinary people to the highest-ranking power brokers.
Frankly, I don't get it how some could choose to side with the evil, bloodlust, blatant lies, hypocrisy, and imperial savagery over the story of a nation that was supposed to go extinct within weeks but now enters the third year of resistance against the most terrible war of extermination since Adolf Hitler.
With everything that has happened over the last few months, we all should be ready for a lot of hard things to happen. A lot of hopes have been broken due to things we have no control over.
Yet, we need to keep doing what we should and what is simply right.
We've made an extremely long way, and the struggle continues no matter what.
Großartige Reportage von @ArturWeigandt über seine Arbeit als Übersetzer bei der Panzerausbildung ukrainischer Soldaten. Wie reden Männer, die wissen, dass sie bald in die Schlacht ziehen müssen? https://t.co/Jggp5jA3l2
I'm pretty confident what @carlbildt says about his conversations with people from Russian security agencies in Dubai is true.
I see a million reasons why they'd be obsessed with continuing the war against Ukraine up to the hypotherical taking of Kharkiv and Odesa, and the installment of a puppet regime in Kyiv.
War is the perfect time for skyrocketing careers and for unimaginable embezzlement of gargantuan funds.
Especially when it comes to military & state security mafia.
Especially when it comes to a war that essentially has no clearly stated realistic end goal or timeline.
The Kremlin needs war as such to go on for not admitting their failure in Ukraine -- and thousands of jackals are more than happy to reap their profits from this giant venture, a supermassive black hole of money.
At some point, Russia's war becomes a self-sustaining process in which even the lowest-ranking poor Russians are happy to kill and die for the monthly equivalent of an average American blue-collar salary.
That's one of the reasons why Russia needs this war to go on until they can't go on.
The Research Division at @riksbanken is seeking to hire one full-time Research Economist (Junior or Experienced) for a permanent position!
Deadline is 15 Dec
For details + application see here:
https://t.co/DLiffLQrrq
Please share. #EconTwitter#EconomicResearch
On this day in 1939, Russia, in partnership with Nazi Germany, invaded Poland hoping they could participate in all the looting with which Hitler was having so much success.
Stalin used the same excuse as Putin did when invading Ukraine in 2014.
The COVID-19 recession on both sides of the Atlantic: A model-based co... https://t.co/Dykr25PY8z - the pandemic recession through the lens of an estimated multi-region DSGE model (open access)
Anyone interested in spending a year as an RA on my ERC Grant?
Start date: September this year.
Job advert out here with a deadline of applying of August 14th.
Job details: Research Assistant (https://t.co/eHdu2uls3F)
The new Quarterly Report on the Euro Area (QREA) is out!
This edition analyses 🔎 the impact of increasing commodity prices, with a particular focus on energy prices, from three different angles.
📖 Read the full paper here: https://t.co/05YRwKlwXr
New publication is out!
The paper "The COVID-19 Recession on Both Sides of the Atlantic" compares post-COVID growth and inflation dynamics in the 💶 euro area and the 🇺🇸 US using an estimated macro model.
📖 Read here ➡️ https://t.co/L3lQlo68jj
The two lines are inter-connected because coal trades on the world market. As developed nations substitute away from dirty fuels, they become cheaper for developing nations to buy. Demand curves slope down. The extent of this #leakage merits more research. India's path?