Iikka Korhonen

@iikkakorhonen.bsky.social

Head of BOFIT (Bank of Finland Institute for Emerging Economies), not representing the official views of my employer, RTs not endorsements https://t.co/E0YqzEKBp7

"Arviot tuhoutuneiden tavaroiden arvosta vaihtelevat suuresti. Elokuun lopulla vahingoittuneiden tavaroiden arvoksi esitettiin eräissä arvioissa noin 650 mrd. ruplaa. Myös kiinteistöjen korjaus- ja jälleenrakennuskustannukset nousevat satoihin miljardeihin rupliin."

BOFIT@bofit.suomenpankki.fi · 12h ago

BOFIT Viikkokatsaus 37/2026 Venäläinen verkkokauppa on kasvanut nopeasti Lue lisää 🔗 www.bofit.fi/fi/seuranta/... #Venäjä #talous #BOFITViikkokatsaus

Geopolitical risk can increase the demand for gold relative to sanctionable sovereign assets. K Arvai, N Coimbra, & M Pinchetti find evidence of active portfolio adjustment consistent with this mechanism, w/ stronger adjustment in countries less aligned with the US. cepr.org/voxeu/column... #EconSky

Figure: gold share of reserves, indexed to 100 in January 2013.

US Treasuries remain the world’s dominant reserve asset, but geopolitical risks can change how central banks assess the trade-off between liquidity and protection from foreign jurisdictions. This column argues that geopolitical risk can increase the demand for gold relative to sanctionable sovereign assets, putting upward pressure on the gold price and sovereign bond yields. It finds evidence of active portfolio adjustment consistent with this mechanism and shows that the adjustment is stronger in countries less aligned with the US. The results suggest that geopolitical considerations are becoming increasingly relevant alongside the traditional financial determinants of reserve allocation.

Check out the virtual issue curated by former editor Nicola Pavoni ‬ - featuring papers - all with free access - on Public Finance, Economic Behaviour and Beliefs and Interactions between Public Finance and Behavioural Economics academic.oup.com/jeea/pages/e... @eeanews.bsky.social

Editor's Choice Collection: Nicola Pavoni

Dear Reader, During my six-year service as co-editor at JEEA, I handled a wide variety of papers. One of my main fields of interest is public finance, a key co

academic.oup.com

Why do disappointed voters support right-wing populists who favor lower taxes? Economic setbacks can make political risk more appealing, helping populists build an unlikely coalition of affluent voters and those who feel left behind.

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Here we go again "Futures rose as much as 2.3% in London, before paring some of that gain. In the latest flare up in the Iran war, the US military destroyed five Iranian tankers in response to attempts to hit a US Navy warship with ballistic missiles overnight" www.bloomberg.com/news/article...

Brent Oil Hits $100 as US-Iran War Shows Little Sign of Abating

Brent oil topped $100 a barrel for the first time since July, as attacks between the US and Iran and a recovery in Chinese oil buying propel the global crude benchmark higher.

bloomberg.com

Thread. Most Americans do not appreciate what global maritime dominance does for their quality of life nor how the chronic mis- and over-use of the Navy (across multiple admins) has imparted compounding risk to that dominance You may not be interested in maritime security, but…

Joshua Tallis@doctallis.bsky.social · 2d ago

The US led order is fundamentally maritime in nature, an inheritance from Grotius and Pax Brittanica wielded into the most accretive global trading system ever devised. That order is also largely consensual—small and middle powers participated willingly because they accrued wealth and stability.

A federal judge ruled that the U.S. Military Academy at West Point cannot limit what its faculty say and write in public, a victory for Tim Bakken, a law professor who sued the academy over the restrictions, arguing they were unconstitutional.

Judge rules West Point policy restricting professors’ speech is unconstitutional

A ruling in a free speech case against West Point permits professors at the academy to speak and write without prior approval.

washingtonpost.com

8 September 1974. US President Gerald Ford pardoned Richard Nixon (pictured) for any crimes he may have committed while President. It meant Nixon would never face prosecution over the Watergate Scandal.

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