Simonas Algirdas Spurga

Head of IMF Policy Analysis Group at Lietuvos bankas / PhD researcher at Vilnius University

[Michael Pettis @michaelxpettis]

Very good Martin Wolf article on the problem of excess global savings. Wolf is one of the few economists who thinks in global terms and understands the balance of payments.

https://t.co/rIFQ0kT8CW via @ft

[Simonas Algirdas Spurga @saspurga]

External deficits and surpluses are influenced by whether you float or fix your currency – however, the effect depends on domestic institutions, namely labor market flexibility. New paper by @kuokstis and me in @CompEconStudies: https://t.co/tY1pR9TI4x

[Nassim Nicholas Taleb @nntaleb]

THE ABSURDITY OF POLITICAL CLUSTERS
Now the same people who are (justifiably) supporting @JMilei's unwiding of the half a dozen decades of Peronisms that crippled Argentina (centralized around protectionism) are ALSO supporting Trump's neo-Peronism.

[Noah Smith 🐇🇺🇸🇺🇦🇹🇼 @Noahpinion]

I know no one listens to rational arguments or cares about actual economics, but anyway...TRADE DEFICITS DO NOT MAKE A COUNTRY POORER

https://t.co/Lz03HpPXfD

[Simonas Algirdas Spurga @saspurga]

Lenin got one thing right: There are decades where nothing happens; and there are weeks where decades happen.

[Frederik Ducrozet @fwred]

What a time to be alive. 🇩🇪🇪🇺

[Philipp Heimberger @heimbergecon]

Fantastic macro data source for 243 countries
- GDP, inflation, government finance, trade, unemployment, interest rates etc.
- open-source
- continuously updated
- unification and extension of existing resources (IMF, World Bank, and OECD) with historical records:

[Simonas Algirdas Spurga @saspurga]

More wage coordination leads to faster growth inside the Eurozone – such is the prevailing view in the literature. In our @LSEEuroppblog column, @kuokstis and I revisit this perspective and show that strong wage coordination may not be the only pathway to success.

[LSE EUROPP blog @LSEEuroppblog]

💥 New: How important are corporatist institutions for economic success in the Eurozone?

✍️ Vytautas Kuokštis & @saspurga https://t.co/dJkQlITr1x

[Simonas Algirdas Spurga @saspurga]

Happy to have published on @voxeu! Together with @kuokstis and @AsaliMuh, we show that “fixers” (countries that fix their exchange rate) can match or even outperform floaters during recoveries from crises if they have flexible labour markets: https://t.co/JhLb8ChFcE

[Simonas Algirdas Spurga @saspurga]

What a discussion between the Bundesbank President and Prof De Grauwe on CB profits. Sure was a lively one…

[Paul De Grauwe @pdegrauwe]

My lecture at the Bundesbank today about how central banks can fight inflation without transferring their profits (and more) to the banks
https://t.co/91FizcSddz

[Noah Smith 🐇🇺🇸🇺🇦🇹🇼 @Noahpinion]

Development stars of the Era of Globalization:

[Robin Brooks @robin_j_brooks]

The Euro zone trade deficit for August was published today. It's a monster. We've never before had sustained deficits of this size. When you're tempted to think the Euro has fallen too much, keep this picture in mind. The shock hitting Europe is massive. Euro will keep falling...

[Business Ukraine mag @Biz_Ukraine_Mag]

Unedited footage from Putin’s recent war rally in Moscow appears to show complete indifference among the captive crowd of bussed-in state workers. It seems propagandists added cheers and chants in the editing room. Is anything in Russia not faked?

https://t.co/P8BOXEZh7b

[Nassim Nicholas Taleb @nntaleb]

Kissinger was already in the wrong century during the last century.

[Rimvydas Valatka @rimvydasvalatka]

So. I uess - the best moment for denacification end demilitarisation of Kuril Islands.

[ian bremmer @ianbremmer]

ukraine government headquarters in kharkiv. russia’s “restraint” in military operations turning into a massacre.

[Vitor Constâncio @VMRConstancio]

However, Central Banks must be forward-looking and therefore must use models and projections, adding, of course, some judgement. As Alan Blinder (1998) wrote, “looking out the window”, seeing the temperature, and deciding, is a very bad strategy for monetary policy. 14\14.

[Simonas Algirdas Spurga @saspurga]

I am now a proud patron of The Kyiv Independent on @patreon, and you should be too: #NewPatron https://t.co/uAyA4gRccH

[Anastasiia Lapatina @lapatina_]

The Kyiv Post has been killed.

Our entire team was fired today by the owner, Odesa real estate developer Adnan Kivan.

The notice came amid the ongoing attacks on the paper’s independence.

@KyivPost has been Ukraine’s Global Voice for 26 years.

Our statement:

[Gintarė Skaistė @GintareSkaiste]

Happy to discuss global fiscal trends, Euro area and LT fiscal policy & possible changes to the EU Stability and Growth Pact with the IMF’s Director of Fiscal Affairs Vitor Gaspar. @IMFNews

[Atif Mian @AtifRMian]

Amir Sufi presenting our new paper on inequality and the interest rate at the Jackson Hole symposium

Bottom line: Rise in inequality is a powerful reason for the fall in interest rates, and demographics not as much
https://t.co/Fp0HB7U4Av