Antonio Fatas
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antoniofatas.bsky.social
Antonio Fatas
@antoniofatas.bsky.social
2.7K followers 760 following 2.7K posts

Professor of Economics at INSEAD. Interested in global macroeconomic issues.

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Economics 92%
Political science 5%
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antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · 17h
It is not about how your views have changed or about your feed. It is about you providing content for such platform. Content is the only reason why platforms exist.

Reposted by Antonio Fatás

t0nyyates.bsky.social
Tony Yates @t0nyyates.bsky.social · 17h
The guy proceeds to set out the costs and benefits for himself. Seems oblivious to the fact that the collective effect of people like him doing those evaluations is to sustain the platform, its traffic, and the reach of Musk's propaganda project. It's not that hard guys!

Reposted by Antonio Fatás

mchinn.bsky.social
Menzie Chinn @mchinn.bsky.social · 20h
Employment v. output indicators #EconSky
econbrowser.com/archives/202...

Reposted by Jonathan Portes, Edward C. Norton, Aaron Sojourner , and 3 more

jasonfurman.bsky.social
Jason Furman @jasonfurman.bsky.social · 3d
Tragic death of John Leahy. An amazing economist, wonderful adviser, consistently modest and kind, he will be greatly missed.

May his memory be a blessing.

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · 11d
This all sounds right but the devil is in the details. Discussions on digital money somehow keep ignoring the difficulties in managing the details and they obsess too much with some broad concepts (decentralization, tokens..) that cannot be on their own a solution to anything.
bruegel.org Bruegel @bruegel.org · 11d
🪙 The European Union should embrace decentralised finance and make it safe

🌐 Could a hybrid system, utilising both a digital euro and regulated private money, address the risk of digital dollarisation?

🔍 Read the Analysis by Lucrezia Reichlin
🔗 buff.ly/31PMp1H
#EconSky
The European Union should embrace decentralised finance and make it safe
A hybrid system with a digital euro and regulated private money would safeguard the EU from dollar-denominated stablecoin dominance
buff.ly

Reposted by Antonio Fatás

bruegel.org
Bruegel @bruegel.org · 11d
🪙 The European Union should embrace decentralised finance and make it safe

🌐 Could a hybrid system, utilising both a digital euro and regulated private money, address the risk of digital dollarisation?

🔍 Read the Analysis by Lucrezia Reichlin
🔗 buff.ly/31PMp1H
#EconSky
The European Union should embrace decentralised finance and make it safe
A hybrid system with a digital euro and regulated private money would safeguard the EU from dollar-denominated stablecoin dominance
buff.ly

Reposted by Antonio Fatás

drodrik.bsky.social
Dani Rodrik @drodrik.bsky.social · 16d
Check out our new data visualization platform to explore local economic conditions and policies targeting place in the US: "The Economy in Place." economyinplace.com
The Economy in Place
Interactive, data story
economyinplace.com

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · 16d
Source of the quote: Binance right now.

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · 16d
A reminder: stablecoins do not truly trade at 1:1. Fees are not zero and can be higher than transfers using traditional banks (same currency). This is what Martin Wolf calls lack of singleness.

www.ft.com/content/a5f4...

Reposted by Antonio Fatás

upanizza.bsky.social
Ugo Panizza @upanizza.bsky.social · 19d
I am a big fan if CORE and it was great giving the award to Wendy
cepr.org Centre for Economic Policy Research @cepr.org · 19d
Following her fireside chat on the Future of Higher Education CEPR is proud to announce Wendy Carlin was awarded the Lifetime Service to the Profession for her contributions to The CORE Project, increasing access and changing the way economics is taught. Our heartfelt congratulations to Wendy!

Reposted by Diane Coyle, Ugo Panizza, Steven N. Durlauf , and 3 more

cepr.org
Centre for Economic Policy Research @cepr.org · 19d
Following her fireside chat on the Future of Higher Education CEPR is proud to announce Wendy Carlin was awarded the Lifetime Service to the Profession for her contributions to The CORE Project, increasing access and changing the way economics is taught. Our heartfelt congratulations to Wendy!

Reposted by Antonio Fatás

mchinn.bsky.social
Menzie Chinn @mchinn.bsky.social · 19d
UPDATED - graph of nowcasts w/dispersion GDPNow, Goldman Sachs at 3.5% q/q AR, St.Louis Fed ~ zero #EconSky @atlantafed.org @stlouisfed.bsky.social NY Fed, @philadelphiafed.bsky.social
econbrowser.com/archives/202...

Reposted by Stephen M. Walt, Anna O. Law, Peter M. Cox , and 29 more

dieworkwear.bsky.social
derek guy @dieworkwear.bsky.social · 20d
The Nobel Prize committee should announce the World Cup winner tomorrow

Reposted by Dani Rodrik, Iikka Korhonen, Antonio Fatás

mchinn.bsky.social
Menzie Chinn @mchinn.bsky.social · 22d
Manufacturing snapshot - Sept production, Nov employment #EconSky
econbrowser.com/archives/202...

Reposted by Nicolas Véron, Antonio Fatás

codendahl.bsky.social
Christian Odendahl @codendahl.bsky.social · 23d
BOOOOM.

Reposted by Christian Odendahl, Antonio Fatás

reuters.com
Reuters @reuters.com · 23d
Euro zone business activity expands at fastest pace in 30 months in November, PMI shows reut.rs/3KwRf0B
Euro zone business activity expands at fastest pace in 30 months in November, PMI shows
Business activity in the euro zone expanded at its fastest pace in two-and-a-half years in November as a robust service sector more than offset manufacturing weakness, a survey showed on Wednesday.
reut.rs

Reposted by Ralph De Haas, Antonio Fatás

voxeu.org
VoxEU @ CEPR @voxeu.org · 23d
F Coelli, P García Guzmán, & E Nilsson discuss the macroeconomic impacts of ageing & how many regions are getting older before getting richer. Policy solutions include labour force participation by women & older adults, tech for productivity, & increased migration.
cepr.org/voxeu/column...
#EconSky
Notes: Lines represent population-weighted averages. “Advanced economies” are those classified as high income by the World Bank’s income classification in 1990 with data available for 1870-2023. The “EBRD post-communist” grouping comprises 26 post-communist economies in the EBRD regions. SEMED comprises Egypt, Iraq, Jordan, Lebanon, Morocco and Tunisia. SSA comprises Benin, Côte d’Ivoire, Ghana, Kenya, Nigeria and Senegal. Source: Gapminder, World Bank WDIs, and authors’ calculations. With fertility rates falling and populations ageing worldwide, the impact of demographic change on economic prosperity has become a central policy concern. This column uses a neoclassical growth model to quantify the economic cost of ageing in the economies where the EBRD invests and beyond. It contrasts the headwinds facing emerging Europe with the potential demographic dividend in Central Asia and Africa, highlighting that rapid fertility declines are quickly narrowing this window of opportunity.

Reposted by Brendan Nyhan, Paul Goldsmith-Pinkham, Amy W. Ando , and 1 more

Reposted by Antonio Fatás

voxeu.org
VoxEU @ CEPR @voxeu.org · 24d
Pierre Dubois (@tse-fr.eu) argues that to promote sustained innovation in pharma alongside affordable access, drug-pricing policy must integrate global spillovers in design, such as through coordinated value-based pricing, global innovation funds, etc.
cepr.org/voxeu/column...
#EconSky
The solid line represents the total number of newly approved drugs worldwide, and the dotted line represents the number of newly approved drugs per year in the US. Source: Author’s calculation using Citeline Pharmaprojects data. As the US and EU push forward with drug-pricing reforms, the topic has moved to the centre of political debate. This column shows how national decisions reverberate internationally. Because pharmaceutical innovation is a global public good, every pricing change or pharmaceutical legislation reform shifts the incentives behind tomorrow’s medical breakthroughs. To promote sustained innovation alongside affordable access, drug-pricing policy must integrate global spillovers into its design, such as through coordinated value-based pricing, global innovation funds, transferable exclusivity extensions, and agreements on launch sequencing.

Reposted by Antonio Fatás

voxeu.org
VoxEU @ CEPR @voxeu.org · 24d
Domestic firm-to-firm transaction data & customs records show Italy's exposure to external risks, such as US tariffs and a sudden stop of Chinese supplies, is far larger than standard trade stats suggest.
@fpconteduca.bsky.social @fabrizioleone.bsky.social et al
cepr.org/voxeu/column...
#EconSky
Distribution of the combination of direct and indirect export exposures to the US (left panel) and import exposures to China (right panel) by local labour market in 2022. The authors classify exposure in each local labour market as high or low based on whether its exposure value is above or below the national median. Understanding how foreign shocks affect economies has become a policy priority. Using domestic firm-to-firm transaction data matched with customs records, this column shows that Italy’s exposure to external risks, such as US tariffs and a sudden stop of Chinese supplies, is far larger than standard trade statistics suggest. Indirect exposure transmitted through domestic supply chains exceeds direct export and import exposure in most Italian regions. A small number of large traders and wholesalers act as key transmission hubs. Widely used input–output tables substantially understate these risks. Micro-level supply-chain data are essential to detect local vulnerabilities and design mitigation policies.

Reposted by Neale Mahoney, Paul Nightingale

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · 24d
Second edition of the @cepr.org eBook on the economic consequences of the second Trump administration. Most chapters updated with what has happened since the first edition. Free to download.

Link: cepr.org/publications...

Reposted by Menzie Chinn

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · 29d
Hard to assess the risk when Tether does not share much information on its balance sheet. But they have been open about adding riskier assets, some of which are not doing great. Fixed exchange rates can last for long periods of time and then crash in a matter of seconds.

www.ft.com/content/9749...
S&P downgrades Tether’s assets to lowest level
Rating agency cites rising exposure to high-risk assets and lack of disclosures
www.ft.com

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · Nov 26
And check the number of quotes saying "it was inevitable" by those who probably did not say that before.

Reposted by Antonio Fatás

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · Nov 26
Who could see this coming…

Reposted by Carlos José, Antonio Fatás

nadaesgratis.bsky.social
Nada es Gratis @nadaesgratis.bsky.social · Nov 26
No es país para jóvenes nadaesgratis.es/admin/no-es-... Vía @nadaesgratis.bsky.social #Economía
No es país para jóvenes
Por Pablo García Guzmán España envejece. Las cifras son conocidas y repetidas: en 2024, una de cada cinco personas tenía más de 65 años; en 2050 será aproximadamente una de cada tres. El gasto en p...
nadaesgratis.es

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · Nov 24
Jason also said that "Scott Bessent is a credible, mainstream pick for Treasury Secretary". I do not deny the credentials of some of these names but when someone accepts a position in this administration you know how credible and mainstream they are NOT

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · Nov 24
What does this remind me of...October 1999 Kevin Hassett's Dow 36,000 that argued that stock market was a bargain and it should more than triple in value
tobyn.bsky.social Toby Nangle @tobyn.bsky.social · Nov 24
Despite all the talk of market bubbles, Miran's old shop has put out a call for the S&P500 to triple. Because MAGA. on.ft.com/4rpFNVp
Maybe the S&P 500 will triple?
Stephen Miran’s old shop reckons that stocks are ‘not even close’ to a bubble
on.ft.com

Reposted by Antonio Fatás

tobyn.bsky.social
Toby Nangle @tobyn.bsky.social · Nov 24
Despite all the talk of market bubbles, Miran's old shop has put out a call for the S&P500 to triple. Because MAGA. on.ft.com/4rpFNVp
Maybe the S&P 500 will triple?
Stephen Miran’s old shop reckons that stocks are ‘not even close’ to a bubble
on.ft.com

Reposted by Edgar Morgenroth, Antonio Fatás

sandertordoir.bsky.social
Sander Tordoir @sandertordoir.bsky.social · Nov 24
The United States is no longer providing any financial support for Ukraine according to Kiel's tracker - and has not been for a few months now (although I do wonder how one counts the intelligence support).

Europe is footing the bill alone.

Reposted by Jonathan Portes, Iikka Korhonen, Antonio Fatás

helene-rey.bsky.social
Hélène Rey @helene-rey.bsky.social · Nov 23
European defence governance and financing. Because Europe cannot be blackmailed any longer. If not now then when? @voxeu.org @cepr.org @kiel.institute cepr.org/voxeu/column...
European defence governance and financing
In a context of shifting US commitments, external threats, and global competition over trade, technology, critical minerals, talent, and intellectual property, Europe’s lack of defence capabilities leaves it vulnerable to economic and foreign policy pressure. This column outlines key principles for establishing a European Future of Defence Architecture and a framework for its financing.
cepr.org