Miles Parker
@milesparker.bsky.social
Economist. Climate Change, inflation, monetary policy. Views are personal.
C'était un plaisir de parler avec @rts.ch au sujet des canicules. Ces évenements extrêmes entrainent une forte baisse de productivité et augmentent les prix des aliments. Ils ont un effet negatif durable. www.rts.ch/info/environ...
La facture cachée des vagues de chaleur sur l'économie mondiale
Alors que les étés caniculaires deviennent de plus en plus fréquents, des experts ont mesuré l'impact des vagues de chaleurs sur l'économie. Les canicules pourraient entraîner une forte baisse de prod...
www.rts.ch
August 29, 2025 at 8:30 AM
C'était un plaisir de parler avec @rts.ch au sujet des canicules. Ces évenements extrêmes entrainent une forte baisse de productivité et augmentent les prix des aliments. Ils ont un effet negatif durable. www.rts.ch/info/environ...
New research out by Maximilian Kotz, myself and others on the impact of climate change on food price spikes. We show worldwide impacts of unprecedented climate extremes on food prices spikes reported in the media (link follows) 1/3
July 21, 2025 at 9:31 PM
New research out by Maximilian Kotz, myself and others on the impact of climate change on food price spikes. We show worldwide impacts of unprecedented climate extremes on food prices spikes reported in the media (link follows) 1/3
New @ecb.europa.eu blog post by me on the economic impact of heatwaves. Just as humans get lethargic in the heat, so does the economy. just in time for my summer holiday!
Heatwaves make you sweat and the economy suffer. ECB research finds such events can substantially reduce economic activity and increase food prices. And things might get worse. This might turn out to be the coolest summer of the rest of our lives.
Read the ECB Blog www.ecb.europa.eu/press/blog/d...
Read the ECB Blog www.ecb.europa.eu/press/blog/d...
July 13, 2025 at 4:10 PM
New @ecb.europa.eu blog post by me on the economic impact of heatwaves. Just as humans get lethargic in the heat, so does the economy. just in time for my summer holiday!
New @ecb.europa.eu podcast by myself and colleagues Antonio and Guzman looking at the implications of AI for the economy. I focus on how it interacts with the green transition. As I argue, the twin transitions are better seen as companions rather than competitors
What does AI mean for the economy? Will it take our jobs? Can it boost productivity? Is it a choice of going green or going digital?
We answer these questions in our latest episode of #TheECBPodcast.
🎧 Tune in pod.link/ecbpodcast/e...
We answer these questions in our latest episode of #TheECBPodcast.
🎧 Tune in pod.link/ecbpodcast/e...
April 9, 2025 at 10:35 AM
New @ecb.europa.eu podcast by myself and colleagues Antonio and Guzman looking at the implications of AI for the economy. I focus on how it interacts with the green transition. As I argue, the twin transitions are better seen as companions rather than competitors
New @ecb.europa.eu blog by me on AI and the green transition. Both require substantial amounts of electricity, which appears to make then clash. But AI has many benefits for the green transtion. Solving grid bottlenecks and finance will help both www.ecb.europa.eu/press/blog/d...
AI versus green: clash of the transitions?
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purch...
www.ecb.europa.eu
March 25, 2025 at 1:10 PM
New @ecb.europa.eu blog by me on AI and the green transition. Both require substantial amounts of electricity, which appears to make then clash. But AI has many benefits for the green transtion. Solving grid bottlenecks and finance will help both www.ecb.europa.eu/press/blog/d...
Last chance to apply for a Master's traineeship in my division @ecb.europa.eu. Applications close tomorrow, Friday 21 Februry. We look at all the interesting stuff: climate, AI, productivity, competitiveness, demographics. Details in link talent.ecb.europa.eu/careers/JobD...
Traineeship in the Directorate General Economics – Supply Side, Labour and Surveillance Division
You will be part of the Supply Side, Labour and Surveillance Division in the Directorate General Economics. Our 36 staff members carry out analytical work focusing on labour market developments,...
talent.ecb.europa.eu
February 20, 2025 at 10:57 AM
Last chance to apply for a Master's traineeship in my division @ecb.europa.eu. Applications close tomorrow, Friday 21 Februry. We look at all the interesting stuff: climate, AI, productivity, competitiveness, demographics. Details in link talent.ecb.europa.eu/careers/JobD...
New piece out by me in the @ecb.europa.eu
's Economic Bulletin, on the economic impact of floods (link follows).
Short version - impact depends on regional charactersitics. High-income regions on average build back better, less well-off regions do not. 1/6
's Economic Bulletin, on the economic impact of floods (link follows).
Short version - impact depends on regional charactersitics. High-income regions on average build back better, less well-off regions do not. 1/6
February 18, 2025 at 12:50 PM
New piece out by me in the @ecb.europa.eu
's Economic Bulletin, on the economic impact of floods (link follows).
Short version - impact depends on regional charactersitics. High-income regions on average build back better, less well-off regions do not. 1/6
's Economic Bulletin, on the economic impact of floods (link follows).
Short version - impact depends on regional charactersitics. High-income regions on average build back better, less well-off regions do not. 1/6
Come work with me! We are advertising for trainees for Supply Side, Labour and Surveillance Division at the European Central Bank. Fantastic opportunity to get involved in all the cool topics: labour market, migration, demographics productivity, competitiveness, climate change, AI. Link follows
January 7, 2025 at 2:53 PM
Come work with me! We are advertising for trainees for Supply Side, Labour and Surveillance Division at the European Central Bank. Fantastic opportunity to get involved in all the cool topics: labour market, migration, demographics productivity, competitiveness, climate change, AI. Link follows
ECB is advertising for summer research interns. Programme named after my amazing Coauthor Ivan Jaccard, who sadly passed away earlier this year. An amazing opportunity, so do apply!
www.ecb.europa.eu/pub/economic...
www.ecb.europa.eu/pub/economic...
Summer research graduate programme in honour of Ivan Jaccard
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purch...
www.ecb.europa.eu
December 10, 2024 at 4:05 PM
ECB is advertising for summer research interns. Programme named after my amazing Coauthor Ivan Jaccard, who sadly passed away earlier this year. An amazing opportunity, so do apply!
www.ecb.europa.eu/pub/economic...
www.ecb.europa.eu/pub/economic...
New ECB working paper out today: www.ecb.europa.eu/pub/pdf/scpw... looks at the impact of extreme climate events over the medium term. We find that impacts on output can not only be prolonged, but can actually intensify. More details 👇 1/5
www.ecb.europa.eu
November 27, 2024 at 11:41 AM
New ECB working paper out today: www.ecb.europa.eu/pub/pdf/scpw... looks at the impact of extreme climate events over the medium term. We find that impacts on output can not only be prolonged, but can actually intensify. More details 👇 1/5
A very Happy Christmas to you all
December 25, 2023 at 12:06 AM
A very Happy Christmas to you all
New ECB blog by Friderike Kuik, Wolfgang Modery, Christiane Nickel and me. Looks at what happens to monetary policy if we don't tackle climate change.
Five-word summary: climate change prejudices primary mandate.
www.ecb.europa.eu//press/blog/...
Five-word summary: climate change prejudices primary mandate.
www.ecb.europa.eu//press/blog/...
The price of inaction: what a hotter climate means for monetary policy
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purch...
www.ecb.europa.eu
December 18, 2023 at 10:11 AM
New ECB blog by Friderike Kuik, Wolfgang Modery, Christiane Nickel and me. Looks at what happens to monetary policy if we don't tackle climate change.
Five-word summary: climate change prejudices primary mandate.
www.ecb.europa.eu//press/blog/...
Five-word summary: climate change prejudices primary mandate.
www.ecb.europa.eu//press/blog/...
ECB is once more hosting a PhD prize at its annual Sintra conference next year. It truly is an amazing conference, and brilliant engagement by top policymakers with poster presenters. If you qualify, apply by 12 February! www.ecb.europa.eu/pub/conferen...
Young Economist Prize
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purch...
www.ecb.europa.eu
December 12, 2023 at 12:08 PM
ECB is once more hosting a PhD prize at its annual Sintra conference next year. It truly is an amazing conference, and brilliant engagement by top policymakers with poster presenters. If you qualify, apply by 12 February! www.ecb.europa.eu/pub/conferen...
For those in NZ confronted with choices about monetary policy targets, a few considerations:
1) dual mandates exist, but generally, price and labour considerations rarely diverge, not really a biggie.
2) having a single decision maker is perishingly rare 1/2
1) dual mandates exist, but generally, price and labour considerations rarely diverge, not really a biggie.
2) having a single decision maker is perishingly rare 1/2
November 24, 2023 at 10:51 AM
For those in NZ confronted with choices about monetary policy targets, a few considerations:
1) dual mandates exist, but generally, price and labour considerations rarely diverge, not really a biggie.
2) having a single decision maker is perishingly rare 1/2
1) dual mandates exist, but generally, price and labour considerations rarely diverge, not really a biggie.
2) having a single decision maker is perishingly rare 1/2
Come work with me! Masters traineeships are coming up in my division, Supply Side and Labour, at the ECB. Fantastic bridge between master's and PhD, and a wonderful opportunity to see the workings of Central banks. talent.ecb.europa.eu/careers/JobD...
Traineeship in the Supply Side, Labour and Surveillance Division
You will be part of the Supply Side, Labour and Surveillance Division in the Directorate General Economics. Our Division has 36 staff providing analytical work which focuses on labour market...
talent.ecb.europa.eu
November 20, 2023 at 8:48 AM
Come work with me! Masters traineeships are coming up in my division, Supply Side and Labour, at the ECB. Fantastic bridge between master's and PhD, and a wonderful opportunity to see the workings of Central banks. talent.ecb.europa.eu/careers/JobD...
Reposted by Miles Parker
Aarhus University is hiring a post-doc in the econometrics of energy, climate, and environmental economics. Deadline is Nov 24. Details found here: econjobmarket.org/positions/9995
October 30, 2023 at 12:13 PM
Aarhus University is hiring a post-doc in the econometrics of energy, climate, and environmental economics. Deadline is Nov 24. Details found here: econjobmarket.org/positions/9995
This is a really great article by @chrisgiles.bsky.social on inflation fallacies. I'd add another one to his list, though: central banks can do nothing about inflation created by supply shocks. They can. Optimality of response depends a lot on shock persistence, though.
🚨🚨My central banking newsletter is out. It’s on the logical fallacies and tired thinking in the inflation debate
The top 10 inflation crimes and misdemeanours 🚨🚨
The top 10 inflation crimes and misdemeanours on.ft.com/45ImJpk
The top 10 inflation crimes and misdemeanours 🚨🚨
The top 10 inflation crimes and misdemeanours on.ft.com/45ImJpk
The top 10 inflation crimes and misdemeanours
[FREE TO READ] The end of price stability has unleashed an epidemic of rigid or sloppy thinking
on.ft.com
October 24, 2023 at 2:02 PM
This is a really great article by @chrisgiles.bsky.social on inflation fallacies. I'd add another one to his list, though: central banks can do nothing about inflation created by supply shocks. They can. Optimality of response depends a lot on shock persistence, though.
Born in England, New Zealand citizen and a grandfather born in South Africa. Think I have this rugby World Cup sorted!
October 21, 2023 at 1:18 PM
Born in England, New Zealand citizen and a grandfather born in South Africa. Think I have this rugby World Cup sorted!
Heatwaves generally increase prices in the near term (less certain the following year, and perhaps even negative). A 1% nominal fall is almost certainly a greater than 1% real fall in GDP.
The Dallas Fed estimates that Texas’s extreme summer heat has probably shaved 1 percent (!) off its nominal GDP growth this year. heatmap.news/sparks/heat-...
The Texas Economy Took a Hit This Summer from Record-Breaking Heat
The Federal Reserve Bank of Dallas calculated the economic cost of a really hot summer.
heatmap.news
October 19, 2023 at 6:24 AM
Heatwaves generally increase prices in the near term (less certain the following year, and perhaps even negative). A 1% nominal fall is almost certainly a greater than 1% real fall in GDP.
Reposted by Miles Parker
I met Nick crafts early at my time at Warwick (we share the same football team). He was an amazing person, and an amazing economist. Fantastic to listen to, and to read. A real loss to the profession, and to humanity
The Financial Times: Nicholas Crafts, economic historian, 1949-2023
www.ft.com/content/3350...
www.ft.com/content/3350...
Nicholas Crafts, economic historian, 1949-2023
His definitive account of Britain’s Industrial Revolution became the essential reference for generations of economists
www.ft.com
October 14, 2023 at 6:26 AM
I met Nick crafts early at my time at Warwick (we share the same football team). He was an amazing person, and an amazing economist. Fantastic to listen to, and to read. A real loss to the profession, and to humanity
Greencentralbanking.com have done a write-up of my bulletin article: greencentralbanking.com/research/how... for those who want a shorter summary
How Climate Change Affects Potential Output - Green Central Banking
Climate change actions will cause structural changes to the economy with “profound effects” on potential output, says this ECB report.
greencentralbanking.com
October 13, 2023 at 4:27 PM
Greencentralbanking.com have done a write-up of my bulletin article: greencentralbanking.com/research/how... for those who want a shorter summary
Very happy to see our joint ECB/EIOPA work on reducing the climate insurance protection gap referenced in this FT article. on.ft.com/3FbgyPx. Insurance is a vital part of economic resilience to catastrophes. Blog with link to discussion paper found here: www.ecb.europa.eu/press/blog/d...
The insurance world is flirting with its climate doom loop
Persistent extreme weather patterns demand appropriate pricing of risks and more emphasis on prevention
on.ft.com
October 12, 2023 at 10:12 AM
Very happy to see our joint ECB/EIOPA work on reducing the climate insurance protection gap referenced in this FT article. on.ft.com/3FbgyPx. Insurance is a vital part of economic resilience to catastrophes. Blog with link to discussion paper found here: www.ecb.europa.eu/press/blog/d...
Very happy to present my paper on heatwaves and inflation here in Paris. Somewhat appropriate, but also terrifying, was the temperature was just shy of 30C outside in mid-October. Obviously wearing my climate stripes tie. #ShowYourStripes @edhawkins.bsky.social
October 11, 2023 at 9:01 AM
Very happy to present my paper on heatwaves and inflation here in Paris. Somewhat appropriate, but also terrifying, was the temperature was just shy of 30C outside in mid-October. Obviously wearing my climate stripes tie. #ShowYourStripes @edhawkins.bsky.social