📖 The #DraghiReport highlights the need to strengthen private-sector investment across Europe. In this paper, @cpierros.bsky.social investigates how dividend policies of non-financial firms influence their investment activity within the EU. 🔗 Read the full paper here: etui.org/4q5

New paper out at Structural Change and Economic Dynamics co-authored with Dimitris Paitaridis. We investigate empirically the root causes of the recent inflation episode in Greece, by focusing on the cost factors of production sciencedirect.com/science/arti...

A synthetic investigation at the root causes of inflation in Greece

In this paper, we examine the elasticities of the cost factors that drive prices in Greece. Based on Eichner, we apply an extended cost-plus pricing a…

sciencedirect.com

📢 Read our latest GreeSE Paper by Michalis Nikiforos, Vlassis Missos, Christos Pierros and Nikolaos Rodousakis: 'The café economy: Structural transformation in Greece in the wake of austerity and “reforms”' ➡ tinyurl.com/4py3pbav

Followed by brilliant work by @mnikiforos.bsky.social @cpierros.bsky.social & others on the incredible proliferation of the food/accommodation sector in Greece after the crisis, its contradictions & consequences that further undermine talk of “recovery” or expressed goals of the structural reforms.

A glacier partially collapsed in Switzerland, burying the village of Blatten in a huge landslide of ice, rock, and mud after residents had been evacuated. Scientists called the collapse of the glacier “unprecedented” in the Swiss Alps.

Irreversible tipping points in the climate system — like the melting of Arctic ice sheets or the wide-scale collapse of coral reefs — are closer than scientists previously believed.

Earth is likely to cross a key climate threshold in two years

A new World Meteorological Organization report spells the end of the world’s most famous climate goal.

washingtonpost.com

Final_Version_of_Tarrifs_actualFINALcopy_version7_USETHISONE.docx

on.ft.com/41HZ5t1 There is merit in trying to overcome fragmentation in Europe's financial sector. But policymakers need to stop kidding themselves and citizens that there is s huge pool of inert savings that regulatory changes will enable to be transformed into a torrent of real investment. 🧵 1/11

EU revives capital markets union plan to unlock trillions in savings

Financial services commissioner says Europeans need better incentives to invest rather than save

on.ft.com

For as long as this administration is in power, at least, the sad truth is that the USA is the primary threat to our welfare and indeed to all life on the planet. It's not enough to shield Europe from the economic/defence fallout. We need to build new global alliances to weaken America's hand.

Mexico President: 🇲🇽 "US Customs and Border Protection data show that 80% of those arrested for fentanyl trafficking at US ports of entry were US citizens" #cdnpoli

📢Call for Papers📅 We happily announce the #29FMM conference, entitled „Gendering Macroeconomics“ 👩📈 It is scheduled from 23 to 25 October 2025 in Berlin. Deadline for paper proposals: 31 May We really look forward to receiving your abstract. More information www.boeckler.de/de/aktuelle-...

Gendering Macroeconomics

Das Institut für Makroökonomie und Konjunkturforschung (IMK) hat es sich zum Ziel gesetzt, der gesamtwirtschaftlichen Perspektive in der ökonomischen Forschung und in der wirtschaftspolitischen Diskus...

imk-boeckler.de

They are deliberately crossing the red lines, in order to make the unacceptable commonplace and, eventually, acceptable again.

Your 'moment of doom' for Feb. 18, 2025 ~ With canaries! "We are not sleepwalking into the apocalypse—we’re charging toward it with full awareness of what’s at stake." climateuncensored.com/has-global-w...

Gas futures are around five times (!) more expensive in the EU than the US. Clearly, in order to restore Europe's #competitiveness we urgently need to reform the rules restricting access to the legal profession in Portugal. 🙃

acemaxx analytics@acemaxx.bsky.social · 2y ago

#commodity #energy -- European #naturalgas premium (white line) – futures 5x more #expensive than in the US (yellow line), chart @bloomberg.com TV live

i'll be blunt, if you are someone who is vocal about the ways that diversity efforts "divide the working class" but silent about the ways that *actual racism and discrimination* divide the working class, then i think you're just an opportunist

Trump’s Attacks on DEI Get Approval From Some in the Left Wing

Many Democrats and activists are rallying to defend diversity programs, but others say they distract from deeper efforts to address inequality.

nytimes.com

A paper that would not have been published in a top 5 journal 20 years ago. academic.oup.com/qje/advance-...

Funny how 5 years ago we had all these debates about wealth taxation, and a big argument was that billionaires don't have that much power really—and right after that Musk bought Twitter for $44B, used it to get Trump win, and now to prop up the global neo-nazi movement ¯\_(ツ)_/¯

NEW PAPER: sotiriat.bsky.social, Manos Matsaganis and I have just published an article on the political economy of managing the recent high #inflation episode in #Greece @Transfer- European Review of Labour and Research. journals.sagepub.com/doi/full/10....

The political economy of inflation management: the case of Greece - Sotiria Theodoropoulou, Christos Pierros, Manos Matsaganis, 2024

This article explores how the impact of the 2022–2023 inflationary episode was managed in Greece, and explains how labour market governance framed public policy...

journals.sagepub.com

Interesting Milanovic passage on Adam Smith's love of low interest rates. Smith both viewed low interest rates as a sign of capital abundance, and helpfully, that it made it difficult for people to live purely off capital income. Similar to Keynes' "Euthanasia of the rentier"

Impressive work, impressive diagrams!

Isabella M. Weber@isabellamweber.bsky.social · 2y ago

NEW PAPER: The 2022 fossil fuel price jumps caused an oil and gas profit explosion. We show the US reaped the largest profit increase (USD 275bn) of any country. Big Oil claims this benefits the American people. In fact, 51% went to the richest 1%, only 1% to the bottom 50%. A 🧵

Holy christ. In 2025, Chinese solar/wind capital expenditures (478$bn) will exceed, for the first time, the total sum of global (non-Chinese) investments. And is hydro power retreating due to intense droughts? www.ft.com/content/4afd...

My review on empirical SFC models has been published very recently in EJEEP. Main takeaways: - Based on number of institutional sectors, physical and financial assets, empirical SFC models can be divided into three types, a) the New Cambridge (NC) in which households, firms and banks are aggregated,

🗞️ The latest #CollectiveBargaining newsletter is out - with a particular focus this month on #MinimumWage developments 🪙 Read the highlights here ➡️ etui.org/ZB2 Subscribe here ➡️ etui.org/ZAT