Gergő Motyovszki
@motyo6.bsky.social
Economist @DG ECFIN 🇪🇺 || PhD @EUI || macro, monetary-fiscal policies, Keynes || prev @ECB, @bankofengland & @MNB_Hungary || graduate of @CEU || Own views
https://gergomotyovszki.github.io/
https://gergomotyovszki.github.io/
🚨New Discussion Paper🚨 about the macroeconomic consequences of US tariff hikes, based on quantitative simulations by the European Commission's multi-region New Keynesian DSGE model, QUEST. Thread 👇1/12
economy-finance.ec.europa.eu/document/dow...
economy-finance.ec.europa.eu/document/dow...
November 28, 2025 at 2:57 PM
🚨New Discussion Paper🚨 about the macroeconomic consequences of US tariff hikes, based on quantitative simulations by the European Commission's multi-region New Keynesian DSGE model, QUEST. Thread 👇1/12
economy-finance.ec.europa.eu/document/dow...
economy-finance.ec.europa.eu/document/dow...
Reposted by Gergő Motyovszki
Proportionally, the estimated 100-200k Pride marchers in Budapest today would correspond to something approaching 1m in London or New York. And this in a country that has now spent 15 years under illiberal, authoritarian rule.
What a symbol of hope.
What a symbol of hope.
According to media estimates the participants to the Budapest Pride may have been in the hundreds of thousands defying the ban
📸: Gábor Tenczer, Balázs Ivándi-Szabó
📸: Gábor Tenczer, Balázs Ivándi-Szabó
June 28, 2025 at 5:55 PM
Proportionally, the estimated 100-200k Pride marchers in Budapest today would correspond to something approaching 1m in London or New York. And this in a country that has now spent 15 years under illiberal, authoritarian rule.
What a symbol of hope.
What a symbol of hope.
Reposted by Gergő Motyovszki
Trump's tariffs are designed for maximum damage—to America This is not a both sides have a point situation.
Maury Obstfeld @piie.com speaking truth to power.
www.piie.com/blogs/realti...
Maury Obstfeld @piie.com speaking truth to power.
www.piie.com/blogs/realti...
Trump's tariffs are designed for maximum damage—to America
President Donald Trump touted his bewildering array of "Liberation Day" import tariffs as carefully calibrated to offset trade partners' tariff, nontariff, and currency barriers to US exports. However...
www.piie.com
April 4, 2025 at 3:18 PM
Trump's tariffs are designed for maximum damage—to America This is not a both sides have a point situation.
Maury Obstfeld @piie.com speaking truth to power.
www.piie.com/blogs/realti...
Maury Obstfeld @piie.com speaking truth to power.
www.piie.com/blogs/realti...
Reposted by Gergő Motyovszki
🧵(1/7) My new blog @piie.com is out, on “reciprocity”, a deeply flawed motive for tariffs. Why?
For trade barriers, the rationale is wrong-headed.
For tax policy differences, the rationale is nonsensical; the tax policies in question create no US disadvantage.
www.piie.com/blogs/realti...
For trade barriers, the rationale is wrong-headed.
For tax policy differences, the rationale is nonsensical; the tax policies in question create no US disadvantage.
www.piie.com/blogs/realti...
Reciprocity and discrimination: When are tariffs useful remedies?
The Trump administration has marked April 2 for its next big tariff announcement, one centered on countering unfair trade practices abroad and imposing reciprocal trade protection. The administration ...
www.piie.com
March 31, 2025 at 1:33 PM
🧵(1/7) My new blog @piie.com is out, on “reciprocity”, a deeply flawed motive for tariffs. Why?
For trade barriers, the rationale is wrong-headed.
For tax policy differences, the rationale is nonsensical; the tax policies in question create no US disadvantage.
www.piie.com/blogs/realti...
For trade barriers, the rationale is wrong-headed.
For tax policy differences, the rationale is nonsensical; the tax policies in question create no US disadvantage.
www.piie.com/blogs/realti...
Reposted by Gergő Motyovszki
Watching the US slide into autocracy feels eerily familiar — like re-living the early years of Orbánism (only more intense, honestly).
I wrote down some reflections from that period. It won’t make you feel better. But it might make the stakes clearer.
medium.com/@palma.polya...
I wrote down some reflections from that period. It won’t make you feel better. But it might make the stakes clearer.
medium.com/@palma.polya...
We Were the Rule-of-Law Generation. Emphasis on ‘Were.’
Watching the United States’ descent into an autocratic mafia state is an eerie experience, having spent my entire adult life in Hungary’s…
medium.com
March 23, 2025 at 4:19 PM
Watching the US slide into autocracy feels eerily familiar — like re-living the early years of Orbánism (only more intense, honestly).
I wrote down some reflections from that period. It won’t make you feel better. But it might make the stakes clearer.
medium.com/@palma.polya...
I wrote down some reflections from that period. It won’t make you feel better. But it might make the stakes clearer.
medium.com/@palma.polya...
Reposted by Gergő Motyovszki
Yesterday, an EU member state banned Pride events 🏳️🌈, threatening to use facial recognition & 500€ fines to target attendees.
We need more than deep concerns.
We need EU leaders across the continent to book their tickets to Budapest & join us on June 28
www.theguardian.com/world/2025/m...
We need more than deep concerns.
We need EU leaders across the continent to book their tickets to Budapest & join us on June 28
www.theguardian.com/world/2025/m...
March 19, 2025 at 7:56 AM
Yesterday, an EU member state banned Pride events 🏳️🌈, threatening to use facial recognition & 500€ fines to target attendees.
We need more than deep concerns.
We need EU leaders across the continent to book their tickets to Budapest & join us on June 28
www.theguardian.com/world/2025/m...
We need more than deep concerns.
We need EU leaders across the continent to book their tickets to Budapest & join us on June 28
www.theguardian.com/world/2025/m...
Reposted by Gergő Motyovszki
Re: today's news about the German fiscal bazooka
Back in 2019, I argued that DE austerity & underinvestment would only change if their external enablers disappeared. These policies were always self-harming, but buoyant US & Chinese demand kept the costs hidden. Not anymore.
doi.org/10.1080/1356...
Back in 2019, I argued that DE austerity & underinvestment would only change if their external enablers disappeared. These policies were always self-harming, but buoyant US & Chinese demand kept the costs hidden. Not anymore.
doi.org/10.1080/1356...
March 14, 2025 at 3:51 PM
Re: today's news about the German fiscal bazooka
Back in 2019, I argued that DE austerity & underinvestment would only change if their external enablers disappeared. These policies were always self-harming, but buoyant US & Chinese demand kept the costs hidden. Not anymore.
doi.org/10.1080/1356...
Back in 2019, I argued that DE austerity & underinvestment would only change if their external enablers disappeared. These policies were always self-harming, but buoyant US & Chinese demand kept the costs hidden. Not anymore.
doi.org/10.1080/1356...
Reposted by Gergő Motyovszki
Viktor Orbán says he’ll ban Budapest Pride. We won’t let that happen. This year, we’ll march in greater numbers than ever 🏳️🌈
My message to European leaders: stand with us. Announce that you’re coming to Budapest.
#SeeYouAtBudapestPride
Read the op-ed 🗞️ euobserver.com/eu-political...
My message to European leaders: stand with us. Announce that you’re coming to Budapest.
#SeeYouAtBudapestPride
Read the op-ed 🗞️ euobserver.com/eu-political...
March 5, 2025 at 12:29 PM
Viktor Orbán says he’ll ban Budapest Pride. We won’t let that happen. This year, we’ll march in greater numbers than ever 🏳️🌈
My message to European leaders: stand with us. Announce that you’re coming to Budapest.
#SeeYouAtBudapestPride
Read the op-ed 🗞️ euobserver.com/eu-political...
My message to European leaders: stand with us. Announce that you’re coming to Budapest.
#SeeYouAtBudapestPride
Read the op-ed 🗞️ euobserver.com/eu-political...
Reposted by Gergő Motyovszki
My postmortem on the Ampel🚦goverment — toppled by the debt brake, the German economy’s suicide pact
Have a read👇
tinyurl.com/mr4b7n9h
@revdem2020.bsky.social
Have a read👇
tinyurl.com/mr4b7n9h
@revdem2020.bsky.social
How Germany’s Fiscal Orthodoxy Toppled Its Government and Imperils Its Future | Review of Democracy
On November 6, 2024, Chancellor Olaf Scholz dismissed Finance Minister Christian Lindner, ending Germany’s “traffic light” coalition in dramatic fashion. This wasn’t just a matter of personal differen...
tinyurl.com
December 11, 2024 at 4:17 PM
My postmortem on the Ampel🚦goverment — toppled by the debt brake, the German economy’s suicide pact
Have a read👇
tinyurl.com/mr4b7n9h
@revdem2020.bsky.social
Have a read👇
tinyurl.com/mr4b7n9h
@revdem2020.bsky.social
Nice recap of EUI event. It is not so much monetary integration that necessitates fiscal integration in Europe but it is rather the single market (integration of the real economy) that necessitates both: avoiding competitive devaluations as well as a subsidy race to preserve the level playing field.
Happy 25th birthday to the euro. Some thoughts on how defies expectations in this week's @financialtimes.com Free Lunch newsletter: www.ft.com/content/25b4...
The euro at 25Financial Times
The single currency is still too often scapegoated
www.ft.com
January 12, 2024 at 9:49 AM
Nice recap of EUI event. It is not so much monetary integration that necessitates fiscal integration in Europe but it is rather the single market (integration of the real economy) that necessitates both: avoiding competitive devaluations as well as a subsidy race to preserve the level playing field.