Mirkomil
kholboyoff.bsky.social
Mirkomil
@kholboyoff.bsky.social
Reposted by Mirkomil
1/10
Interesting new IMF paper on the extent of industrial policy subsidies to Chinese manufacturers and SOEs (to the extent information is available) and their impact on productivity.
www.imf.org/en/Publicati...
Industrial Policy in China: Quantification and Impact on Misallocation
This paper quantifies the size of the main industrial policy instruments in China and estimates their impact on domestic factor misallocation and aggregate productivity. The quantification of industri...
www.imf.org
September 11, 2025 at 2:52 AM
Reposted by Mirkomil
Trump on February 2 regarding trade with Canada: "We don't need anything they have."

Trump on March 11: "Can you imagine Canada stooping so low as to use ELECTRICITY, that so affects the life of innocent people, as a bargaining chip and threat?"
March 11, 2025 at 6:11 PM
Real and Nominal Effective exchange rates of Uzbekistan as of 2014-11
January 16, 2025 at 10:21 AM
For example, consider Kazakhstan's balance of payments data. There is a difference between the current account (+ the capital account and errors/omissions) and the financial account. As you can see, it never balances, but only after taking into account the change in reserves does it come to balance.
December 18, 2024 at 10:05 AM
Krugman’s equation is simple, but it lacks real-world accuracy. The balance of payments (BOP) is divided into two parts: above-the-line components and below-the-line components. 1/
December 18, 2024 at 7:38 AM