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“Looking at this scatter plot of Covid mortality and GDP loss across EU, rather than a trade-off, you might be tempted to say that there were simply some countries that handled the crisis well and others that did not. “
Adam Tooze@adam_toozeLooking at this scatter plot of Covid mortality and GDP loss across EU, rather than a trade off, you might be tempted to say that there were simply some countries that handled the crisis well and others that did not. ft.com/content/71c8a6…
11:00 AM · Oct 16, 202022 Reposts · 43 Likes“The @ecb should not steer capital flows. Greening monetary policy leads to inefficient capital allocation; it is also a violation of the ecb‘s mandate and deeply undemocratic.”
Clemens Fuest@FuestClemensThe @ecb should not steer capital flows. Greening monetary policy leads to inefficient capital allocation; it is also a violation of the ecb‘s mandate and deeply undemocratic.google.comSubscribe to read | Financial Times
6:19 AM · Oct 16, 202075 Reposts · 273 LikesLarge Managers Get the Money, but Small Managers Provide the Performance
Lazar’s white paper on government debt
The cost between stimulus and currency depreciation; the case of Brazil:
Robin Brooks@RobinBrooksIIFBrazil's recession is less severe than the rest of LatAm (lhs), thanks to the biggest fiscal stimulus in EM (rhs). But all this comes at a cost. Brazil's Real is the weakest currency in LatAm, down 30% vs USD in 2020. That's markets saying Brazil doesn't have this policy space...
2:54 PM · Oct 15, 202025 Reposts · 71 LikesLessons from the home-sharing giant’s near-death experience: Focus on the core business, keep expenses low and listen to customers.
