Tony Addison
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tonysangle.bsky.social
Tony Addison
@tonysangle.bsky.social
1.8K followers 2.5K following 240 posts

Non-Resident Research Fellow & former Chief Economist UNU-WIDER Helsinki. 🇺🇳🇫🇮Former Professor of Economics, University of Copenhagen.🇩🇰Also Manchester & Warwick universities 🇬🇧
https://www.wider.unu.edu/expert/tony-addison-0 .. more

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Economics 44%
Political science 23%
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tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · 4d
Despite the full or partial reversal of some tariffs (iPhones, bananas etc) the effective tariff rate is still way above its Jan 25 level, with US consumers & businesses bearing much of the higher cost (ie the tax)
Graphic via @wsj.com

tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · 4d
🇪🇺Euro area inflation might now fall below ECB forecast (annual inflation in Jan was 1.7% below 2% in Dec: Eurostat).

Increase in cheaper Chinese imports (redirected from US after Trump tariffs) + stronger euro (weaker dollar) + lower energy import costs

Rate cut ahead? 🇪🇺🤔

tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · 4d
So the effective US tariff rate is above 10%, which is 5x the Jan 25 rate, despite the exceptions.

tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · 4d
“… full or partial exceptions have since included bananas, coffee, cocoa, jet engines and rare-earth minerals”. Plus Apple phones etc @wsj.com

tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · 4d
“The President who promised to “drain the swamp” has flooded a new bog with lobbyists seeking tariff exceptions from the trade rep and Commerce Department. And be sure to bring your campaign checkbook” @wsj.com editorial

tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · 4d
Critical minerals and the need to find better replacements are discussed in our @unu-wider.bsky.social open access book 👇
global.oup.com/academic/pro...
global.oup.com

tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · 4d
US wants a critical minerals trade bloc to counter China

(Ultimately the world needs investment in pollution-free substitutes for rare earths)
www.reuters.com/world/china/...
US proposes critical minerals trade bloc aimed at countering China
U.S. Vice President JD Vance on Wednesday unveiled plans to marshal allies into a preferential trade bloc for critical minerals, proposing coordinated price floors as Washington escalates efforts to l...
www.reuters.com

tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · 4d
“Fimbulwinter — in Norse legend, the catastrophic winter that precedes Ragnarok, the end of all things”.
open.substack.com/pub/paulkrug...
Crypto sell off. Paul Krugman
Is This Crypto’s Fimbulwinter?
Political power may not be enough to save the crypto cult
open.substack.com

tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · 18d
”Finland enjoyed Europe's third-cheapest electricity prices in 2025, with negligible production from traditional fossil fuel sources. Approximately 28% of domestic electricity production came from wind power” (YLE). Nuclear provides 40% Hydro 16% yle.fi/a/74-20205942
Renewables surpass nuclear as Finland's biggest power source
Wind and hydropower together exceeded nuclear in Finland’s electricity palette last year, with solar also on the rise.
yle.fi

Reposted by Tony Addison, Iikka Korhonen

cepr.org
Centre for Economic Policy Research @cepr.org · 19d
📢 #CallForPapers - Conference on New Challenges in Monetary Economics
📆28-29 August |📍@econunimannheim.bsky.social
Deadline: 31 March
Organised by: @klaus-adam.bsky.social & Matthias Meier
cepr.org/events/confe...
#EconSky #EconConf

Reposted by Tony Addison

iikkakorhonen.bsky.social
Iikka Korhonen @iikkakorhonen.bsky.social · 20d
”Indian rupee fell to a new low on foreign outflows from the nation’s equities, as a delay in a trade deal with the US dents investor sentiment.

The currency fell 0.3% to 91.2275 per dollar on Wednesday, breaching its previous record low set in December.”
🇮🇳
www.bloomberg.com/news/article...
Indian Rupee Declines to Set Fresh Record Low as Capital Outflows Persist
The Indian rupee fell to a new low on foreign outflows from the nation’s equities, as a delay in a trade deal with the US dents investor sentiment.
www.bloomberg.com

Reposted by Paul Krugman, Joe R. Feagin, Brendan Nyhan , and 12 more

apnews.com
The Associated Press @apnews.com · 21d
BREAKING: Federal Reserve Chair Jerome Powell will attend the Supreme Court's hearing on Trump's attempted firing of Fed governor Lisa Cook, an unusual show of support by the central bank chair.
AP Source: Fed Chair Powell to attend Supreme Court argument on Cook case
Federal Reserve Chair Jerome Powell will attend the Supreme Court’s oral arguments Wednesday in a case involving the attempted firing of Fed governor Lisa Cook, an unusual show of support by the central bank chair.
bit.ly

tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · 21d
Hot air rises above Swiss alps 😏🇨🇭

tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · 21d
Large sales of US assets by European Investors would push up the euro (what other capital market could absorb the flow? EMs?) adding to European export woes? 🤔🇺🇸🇪🇺🇬🇧

Reposted by Tony Addison

iikkakorhonen.bsky.social
Iikka Korhonen @iikkakorhonen.bsky.social · 21d
#China
Children born in 2025 7.9 mio, children born in 2015 16.6 mio. Have there been similar collapses in peace time?

apnews.com/article/chin...
China's population falls again as births drop to lowest rate since 1949 communist revolution
China's population continues to shrink. Government statistics released on Monday revealed the population fell for the fourth straight year to 1.4 billion.
apnews.com

Reposted by Tony Addison

financialtimes.com
Financial Times @financialtimes.com · 22d
How to speak Davosian — for beginners ft.trib.al/ACcvvX5 | opinion
How to speak Davosian — for beginners
The phrases you might hear at this year’s World Economic Forum . . . and what they really mean
ft.trib.al

Reposted by Joanna Bryson, Ben H. Ansell, Jan W. Mueller , and 31 more

katie0martin.ft.com
Katie Martin @katie0martin.ft.com · 22d
Deutsche Bank here with the good stuff.
Game on.

tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · 23d
Surely ‘any old copper’ these days?

Reposted by Iikka Korhonen

tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · 23d
“Studies estimate that Brexit-related NTBs increased U.K.–EU trade costs by approximately 2–12 percent in tariff-equivalent terms, with the largest increases observed for food products” 🇬🇧🇪🇺👇 www.federalreserve.gov/econres/note...
Lessons from Brexit on the Effects of Trade Disintegration
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov

tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · 23d
Brexit lessons. Raising barriers to trade (NTBs in UK case, tariffs in US) 🇬🇧🇺🇸👇 www.federalreserve.gov/econres/note...
Lessons from Brexit on the Effects of Trade Disintegration
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov

tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · 25d
Oil curse? 🇻🇪Venezuela is discussed in our (open access) book ‘Resources Matter: ending poverty while protecting nature’ (🌴🛢️) @unu-wider.bsky.social global.oup.com/academic/pro...
global.oup.com

tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · Nov 29
Kvikk Lunsj v Kit Kat 🤔🇳🇴https://www.bbc.com/travel/article/20250909-kvikk-lunsj-the-controversial-sweet-that-fuels-norwegians
The controversial sweet that fuels Norwegians
Known as 'the trip chocolate', Kvikk Lunsj has fuelled outdoor adventures for generations. So, what makes this chocolate so controversial?
www.bbc.com

tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · Nov 24
Classical piano music calms dogs! 🐕https://www.bbc.com/future/article/20251121-does-music-make-animals-calmer
Does music make animals calmer?
You can find many different music playlists for dogs and cats online. Do they actually help animals relax?
www.bbc.com

Reposted by Tony Addison

unu-wider.bsky.social
UNU-WIDER @unu-wider.bsky.social · Nov 15
How can the world tackle poverty and climate change together?

As the world gathers for #COP30, our latest blog revisits a conversation with @opkuusela.bsky.social and @tonysangle.bsky.social on how innovation, policy and research can drive a just green transition.

Read the blog 👉 go.unu.edu/VbbP2
Picture of Okavango river, and over it text on orange background that reads: WIDERAngle Blog: Ending poverty while protecting nature

Reposted by Tony Addison

iikkakorhonen.bsky.social
Iikka Korhonen @iikkakorhonen.bsky.social · Nov 10
Effects of #Brexit... very negative. Good paper & thread.
davidheniguk.bsky.social David Henig @davidheniguk.bsky.social · Nov 10
This looks rather meaningful.

Reposted by Tony Addison

iikkakorhonen.bsky.social
Iikka Korhonen @iikkakorhonen.bsky.social · Nov 7
” index based on output from five core sectors of the economy (industry, agriculture, construction, transportation and retail trade) rose by 0.8 % y-o-y in September. Growth was slightly higher than in previous months, but there were no signs of broader economic recovery.”
#Russia 🇷🇺
bofit.suomenpankki.fi BOFIT @bofit.suomenpankki.fi · Nov 7
​BOFIT Weekly Review 43/2025
Russian economic growth remains sluggish and subject to structural imbalances

Read more 🔗 www.bofit.fi/en/monitorin...

#Russia #economy #BOFITWeeklyReview

Reposted by Tony Addison

ourworldindata.org
Our World in Data @ourworldindata.org · Oct 31
A century of progress in access to primary education
This is a line graph depicting the global gender gap in primary school enrollment from 1900 to 2023. The vertical axis represents the percentage of primary school-age children enrolled in primary education, ranging from 0% to 100%. The horizontal axis shows the years from 1900 to 2023. There are two lines on the graph: one represents girls and the other represents boys. In 1900, about 31% of boys and 23% of girls were enrolled in primary education. The lines gradually rise, reflecting an increase in enrollment over time. By 2023, the enrollment rates are nearly equal, with 91% of boys and 89% of girls enrolled. The data sources for the information presented are the UNESCO Institute for Statistics (2025) and the study by Lee and Lee (2016). The image is credited to Our World in Data and is licensed under CC BY.

Reposted by Tony Addison

iikkakorhonen.bsky.social
Iikka Korhonen @iikkakorhonen.bsky.social · Aug 6
Russia National Welfare Fund end-July
Liquid funds $48.3 bn, slightly down from the month before, or 1.8% of GDP.

Russia has spent more than $100 bn from the liquid part of the NWF in the past three years

Reposted by Adam S. Posen, Tony Addison

piie.com
Peterson Institute for International Economics @piie.com · Aug 4
The 'reciprocal' tariffs are more a ploy to strengthen US negotiating hand than estimates of unfair trade practices the US faces. Even if reduced to 15%, imposing tariffs on America’s poorest trading partners would do little to reduce the US trade deficit but would harm their economic development.
"Reciprocal" tariffs: What are they really for?
This Policy Brief evaluates the evolving reasons for and application of the Trump administration’s “reciprocal” tariffs and finds them wanting.
www.piie.com

tonysangle.bsky.social
Tony Addison @tonysangle.bsky.social · Aug 4
👇https://www.journals.uchicago.edu/doi/10.1086/720458
How Much Should We Trust the Dictator’s GDP Growth Estimates? | Journal of Political Economy: Vol 130, No 10
I study the overstatement of economic growth in autocracies by comparing self-reported GDP figures to night-time light recorded by satellites from outer space. I show that the night-time-light elastic...
www.journals.uchicago.edu