What folks don’t realize is that this will create a demand for auditable authenticity and trusted verification services/provenance — which may imply a fundamentally different societal architecture. It is also a question to what extent this is a shared endeavor between societies or unilateralism.

Eliot Higgins@eliothiggins.bsky.social · 5d ago

Google Earth, a tool often used as a source of satellite imagery to verify photos and videos, has added a feature that allows you to alter satellite imagery with AI, for reasons. blog.google/products-and...

New paper in @jeeanews.bsky.social with @martinezluis.bsky.social! Fiscal rules have quietly become a central feature of local governments around the world. But do they improve government or simply impose politically costly austerity? We study one such reform in Colombia. 🧵 sl1nk.com/zs0m0a4

The demand for preserving and protecting status goods...

It is looking incredibly bad... a cry for help.

The UK/EU/US love triangle sees some more tension, push and pulls.

How can we give policymakers the timely, causal, granular evidence they need to respond to crises as they unfold? A short thread on our updated working paper with @trfetzer.com, @christinavpalmou.bsky.social and @iyotzov.bsky.social.

Many modern physical products are over-complex for basic tasks and under-engineered for failure recovery. Incentives to create moats, lock in and recurrent revenues are the driver restricting choice & competition. More competition is not the answer, a renewed social contract is.

It should be obvious that, if behavioral targeting, exploitation of behavioral biases/cognitive limitations prevails, then only a "crowd stochastic noise" revolution can help rebalance power in economies. That is: we need to add more random choices in our day-to-day life.

As people get more familiar with AI, LLMs and the question iff one can emulate ones own token generation becomes ever more relevant. It also raises the question if through deep understanding of ones attention mechanism, on effectively can steer human "agents".

U.S. shale producers have a perverse incentive to prefer volatility – as does its financial service industry. The results are in after the second quarter. Politically induced market volatility is a direct subsidy to the financial services industry...

US banks live: Wall Street banks post blockbuster profits as equities trading booms

JPMorgan, Goldman, Citi and BofA kick off earnings season with strong results

ft.com

Seems like a very important paper

AI will not only change the boundaries (and nature) of firms, but also states -- I hope for the better, but I doubt we are ready for what's about to hit us. Context: https://x.com/rbmyerson/status/2074750164632220103

Major economies increasingly trade in measures that fall outside traditional @wto.org rules. Areas such as AI & digital governance diverge significantly. Research into this phenomenon provides policy recommendations for maintaining an effective global trade system 👉 shorturl.at/7zgMb @trfetzer.com

Methodologically, the estimates on the cost of Brexit despite the heterogeneity point all in a similar direction. There are a few notable outliers, in particular the pro Brexiteer optimism. There is also a notable trend: estimates point to some form of compounding. For local...

Methodologically, the estimates on the cost of Brexit despite the heterogeneity point all in a similar direction. There are a few notable outliers, in particular the pro Brexiteer optimism. There is also a notable trend: estimates point to some form of compounding. For local...

Its now ten years since the UK voted narrowly to Leave the European Union. I have studied how the UK got there through my research for many years now. Evidence is growing that the UK is indeed leveling up, but, by leveling down. Let me introduce the Brexit Cost project:

Rentier topologies...

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It should be clear that asset monetization, e.g. through tokenization, de-facto expands money supply and hence has the risk of becoming inflationary. And of course: it is threatening monetary sovereignty. Context: https://x.com/fetzert/status/1905530051988275688

High dimensionality is key…both in outcome measurement that is connected with a robust narrative spine, a deep understanding of the DGP both economically as well as in data space with logic markers like temporal consistency and — with common support in measure theoretic sense…

Brexit cost estimate for Berkshire, Buckinghamshire and Oxfordshire: −£14,006m GVA gap in 2023 (−11% vs. no-Brexit path). Synthetic control analysis — Brexit Cost Project. brexitcost.org/itl2/TLJ1.html

Brexit Cost Explorer — Berkshire, Buckinghamshire and Oxfordshire

Brexit cost estimate for Berkshire, Buckinghamshire and Oxfordshire: −£14,006m GVA gap in 2023 (−11% vs. no-Brexit path). Synthetic control analysis — Brexit Cost Project.

brexitcost.org

🏙️ London takes the single largest hit: ~£70bn GVA loss in 2023 alone, or around 12% below counterfactual TCA imposed full third-country status on the UK for services, i.e. financial and professional services lost single-market access, hitting London the hardest brexitcost.org/itl1/TLI.htm... 5/...

Brexit Cost Explorer — London

Brexit cost estimate for London: −£89,453m GVA gap in 2023 (−14% vs. no-Brexit path). Synthetic control analysis — Brexit Cost Project.

brexitcost.org

We may also soon have to think very hard about the difference between knowledge creation versus knowledge sharing. Those that genuinely like knowledge creation may not like the "circus" around knowledge sharing. How we can we rethink institutions to overcome this?

🧵 New working paper out today: "Measuring the Regional Economic Cost of Brexit: Evidence as of 2026" with @jacobedenhofer.bsky.social @trfetzer.com & Shizhuo Wang Here's what the data say about who paid the price in these 10 years from the referendum 1/…

We had the G7 summit, but who paid attention who ELSE is there? 🙄

⤵️ Context: https://x.com/fetzert/status/1814261905130713312

This is not an upside down checkered rabbit...

Now, the obvious question one should ask oneself is? HOW is this export control being enforced? It must be through a combination of digital ID (how you "log in"), payment rails (how you "pay") & possibly direct or indirect information on your whereabouts (where you "are")...

Useful set of slides. I'd add that survey experiments are often also used for policy advice in ways that overlook the general political equilibrium. The two main issues are that (i) people self-select into the messages they receive (whereas in the experiment they are forced to engage with the

Very helpful thread Context: https://x.com/MarcHvidkjaer/status/2062118023599910922