Antonio Fatas
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antoniofatas.bsky.social
Antonio Fatas
@antoniofatas.bsky.social

Professor of Economics at INSEAD, Vice President CEPR and Editor in Chief VoxEU. Interested in global macroeconomic issues.

Economics 92%
Political science 5%
Who’s who at X, the deepfake porn site formerly known as Twitter - as.ft.com/r/2f3e7a51-e...
Who’s who at X, the deepfake porn site formerly known as Twitter
[FREE TO READ] A look inside Elon Musk’s big tent
as.ft.com
Denmark tells Trump to stop threatening to seize Greenland ft.trib.al/Gzzizn9
Denmark tells Trump to stop threatening to seize Greenland
Danish Prime Minister Mette Frederiksen says US has no right to annexe the Arctic island
ft.trib.al

A path to transition to democracy not one of them.
Breaking news: US secretary of state Marco Rubio has laid out a series of demands that Washington expects Venezuela’s remaining rulers to meet, saying it would weigh its next steps with Caracas based on whether the conditions were met ft.trib.al/4P0bFvH
Breaking news: US secretary of state Marco Rubio has laid out a series of demands that Washington expects Venezuela’s remaining rulers to meet, saying it would weigh its next steps with Caracas based on whether the conditions were met ft.trib.al/4P0bFvH

Reposted by Antonio Fatás

Trump's plan appears to be for Venezuela to remain under the day-to-day rule of a senior chavista, with its democratically elected leaders excluded and its wealth controlled by American corporations. It's a scheme worthy of a mob boss. www.economist.com/the-americas...
Donald Trump wants to run Venezuela, and dominate the western hemisphere
Snatching Nicolás Maduro and attempting to take control of Venezuela and its oil is an extraordinary display of the new “Donroe doctrine”
www.economist.com

Reposted by Antonio Fatás

New interview in Le Monde (en francais)

The US can bully, but Europe has more agency than it thinks. Yet Europe cannot succeed trying to play the same game as China or US. It has to employ attraction to counter and compete with threats.

www.lemonde.fr/economie/art...
Adam Posen, économiste : « La hausse des droits de douane, c’est cher et ça n’a aucun sens »
Le président du Peterson Institute, think tank indépendant, analyse avec sévérité la politique de l’administration Trump axée sur les taxes douanières. Une stratégie incohérente et irréaliste, selon l...
www.lemonde.fr

Interesting. First CBDC that I know offering interest on balances. But this is a dilemma that all future CBDCs will face when commercial banks pay interest on accounts that are connected to payment systems.
Searching (fruitlessly, for something else in) the IMF's Oct GFSR, I can see why this chart gives them the heebie-jeebies.

UST mkt has flunked both its last two tests as global risk-free asset. www.imf.org/-/media/file...

Reposted by Antonio Fatás

#China's response to #US dominance of #stablecoins is to facilitate the use of the#digital #yuan or #E-CNY by offering interest on its holdings and also reducing the 100% reserve requirement on banks' E-CNY deposits to avoid disintermediation via @caixin www.caixinglobal.com/2025-12-29/c...
China to Allow Interest on Digital Yuan in Major Overhaul
The new framework will allow banks to bring digital yuan balances onto their balance sheets and cover them with deposit insurance from 2026
www.caixinglobal.com

Good analysis of how tariffs shaped (or not) world trade and the global economy in 2025.

giftarticle.ft.com/giftarticle/...
Charts of the year: Trump’s attempt to reshape world trade
The US president’s ‘liberation day’ tariffs spooked markets but the global trading system has proved to be resilient
giftarticle.ft.com

Reposted by Antonio Fatás

Agreed, but I think of policies/practices laser focused on dismantling the institutions/values/norms that have made the US into the bastion of stability & innovation as more than missteps and I worry about lasting consequences...can breakdown in the rule of law be consistent w/ a productivity boom?
Why haven’t Trump’s tariffs crashed the US economy? | Jeffrey Frankel
Why haven’t Trump’s tariffs crashed the US economy? | Jeffrey Frankel
Effects on inflation and employment have not been as bad as feared – but could still materialise with full force in 2026
www.theguardian.com

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

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

Employment v. output indicators #EconSky
econbrowser.com/archives/202...
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.

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.
🪙 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

🪙 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

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

Source of the quote: Binance right now.

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

I am a big fan if CORE and it was great giving the award to Wendy
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!
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

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...
The Nobel Prize committee should announce the World Cup winner tomorrow
Manufacturing snapshot - Sept production, Nov employment #EconSky
econbrowser.com/archives/202...
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