Paolo Fornaro
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paolofornaro.bsky.social
Paolo Fornaro
@paolofornaro.bsky.social
360 followers 220 following 62 posts
Researcher at Labore. Interested in nowcasting, machine learning and big data, productivity analysis. Wannabe rockstar and videogame geek.
Posts Replies Media Videos
Reposted by Paolo Fornaro
lucafornaro.bsky.social
Are public debts in the European Union sustainable? This recent article is a great introduction to this topic, I learned a lot by reading it.

One thing that struck me is that debt sustainability analyses typically abstract from the impact of fiscal policy on productivity growth.
November 11, 2025 at 2:38 PM
Reposted by Paolo Fornaro
labore.fi
Palkkahajonta on kasvanut Suomessa tasaisen varmasti. Taustalla vaikuttavat erityisesti toimialarakenteen muutokset ja ammattien palkkaerojen kasvu, jotka muovaavat työmarkkinoiden dynamiikkaa, johtava tutkija @paolofornaro.bsky.social Laboresta kirjoittaa. Lue koko juttu ▶️ labore.fi/t&y/mista-pa...
October 8, 2025 at 12:40 PM
paolofornaro.bsky.social
For the Helsinki crowd, lots of nice proposals on omastadi, here is one on offering more reading opportunities in public spaces omastadi.hel.fi/processes/os...
Ruutu pois ja lukemaan! - Ehdotukset - Osallistuva budjetointi 2025-2026 - OmaStadi
OmaStadi on Helsingin tapa toteuttaa osallistuvaa budjetointia.
omastadi.hel.fi
October 6, 2025 at 9:52 AM
Reposted by Paolo Fornaro
voxeu.org
Administrative data from US workers' paycheques and firms' payrolls show considerable monthly fluctuations in earnings. Pay instability is widespread and represent a genuine, welfare-relevant risk.
@ganong.bsky.social, P Noel, C Patterson, J Vavra, A Weinberg
cepr.org/voxeu/column...
#EconSky
Graph of the heterogeneity of earnings volatility for salaried and hourly workers measured as a change from the previous month. Over the past decade, cities and states in the US have enacted ‘fair workweek’ laws to stabilise worker schedules. This column uses administrative data on US workers’ paycheques and firms’ payrolls to document considerable monthly fluctuations in earnings. Pay instability is widespread, disproportionately hits lower‑paid hourly workers, and is largely driven by firms’ labour demand rather than worker-related determinants such as childcare demands. These fluctuations represent genuine, welfare-relevant risk that materially shapes household decisions and has attendant effects on the economy.
October 3, 2025 at 8:09 AM
paolofornaro.bsky.social
cepr.org/voxeu/column...
Reforming the education of economists in Europe: Breaking the tyranny of the top five
Many European countries have adopted the American model of doctoral training and academic evaluation. While this model suits America’s vast, mobile labour market, in Europe it has created perverse incentives and distorted research priorities. This column argues that Europe needs a more pluralistic, socially grounded, and inclusive system for the training of economists. It proposes a two-track approach for PhD training and evaluation that balances both frontier research and applied economics and policy. Europe should also consider broader evaluation and promotion criteria, more diversified PhD programmes, invest in policy-oriented research institutes, and promote the social relevance of the discipline.
cepr.org
September 29, 2025 at 7:46 AM
Reposted by Paolo Fornaro
labore.fi
Talousennuste vuosille 2025-2027: Taantuman jälkeen kasvutekijät kunnossa? "Laboren syksyn 2025 ennusteen mukaan Suomen talous kasvaa 0,6 prosenttia vuonna 2025. Suhdanne kohenee vuosina 2026–2027, jolloin BKT-kasvu vauhdittuu 1,5 ja 1,4 prosenttiin."
Lue lisää! ▶️ labore.fi/julkaisu/tal...
September 25, 2025 at 4:02 AM
Reposted by Paolo Fornaro
lucafornaro.bsky.social
Some thoughts on the interactions between public debt, public investments and productivity growth in the euro area. Key risk is that the union ends up being split between a fiscally sound/high growth block and a fiscally stagnant one.

www.ecb.europa.eu/pub/pdf/sint...
September 23, 2025 at 8:45 AM
Reposted by Paolo Fornaro
youngvulgarian.marieleconte.com
can't really begin to explain the extent to which I do Not want to be filmed without my knowledge by someone wearing smart glasses while out and about
jjvincent.bsky.social James Vincent @jjvincent.bsky.social · Sep 18
good video hands-on with meta's smart glasses. i've been skeptical on smart glasses for a while, but it looks like the hardware side of this is finally becoming feasible? plus, in a world where kids list "creator" as their dream job, POV video recording is v attractive youtu.be/5cVGKvl7Oek?...
Meta Ray-Ban Display hands-on: best smart glasses I’ve ever tried
YouTube video by The Verge
youtu.be
September 18, 2025 at 8:22 AM
Reposted by Paolo Fornaro
spavel.bsky.social
Wojack: hey Alien: are you not shocked? Wojack: man I got a lot going on lately.
September 10, 2025 at 3:38 AM
Reposted by Paolo Fornaro
thelouvreof.bsky.social
ideaspace.bsky.social @ideaspace.bsky.social If you hate ai, congrats you now understand racists. The parallels are deep. "But Al isn't human; alive; doesn't have a soul" Yeah, that's what people have been saying about other races since the beginning of time.
September 6, 2025 at 1:41 PM
Reposted by Paolo Fornaro
labore.fi
Laboren tukimusohjaaja @ilkkakiema.bsky.social vieraili MTV3 -uutisissa kommentoimassa Petteri Orpon hallituksen budjettiriihen tuloksia ja totesi sopeutustoimien olevan osin talouskasvua heikentäviä. Katso koko haastattelu 👉 www.mtv.fi/video/5c53f2...
September 4, 2025 at 6:06 AM
Reposted by Paolo Fornaro
labore.fi
"Kotoutumistoimenpiteillä on väliä", toteaa tutkimusohaaja @hannukarhunen.bsky.social. Laboren laaja eurooppalainen tutkimuskatsaus tuo selkeää näyttöä siitä, että kotoutumisohjelmat, kielikoulutus ja aktiivisen työvoimapolitiikan toimet toimivat. Lue lisää 👉 labore.fi/julkaisu/tyo...
September 2, 2025 at 1:35 PM
Reposted by Paolo Fornaro
explaintrade.com
In the depths of the Mariana Trench there live creatures born to darkness so total they have never evolved eyes.

Even they saw this coming.
politico.eu POLITICO Europe @politico.eu · Aug 27
Russia rejected today the idea of European peacekeeping troops serving in Ukraine, contradicting claims earlier this year by U.S. President Donald Trump that Vladimir Putin would accept such a force as part of a peace deal.
Putin rejects European peacekeepers in Ukraine, contradicting Trump
A Kremlin spokesperson said NATO’s expansion into Eastern Europe was a “root cause” of Moscow’s 2022 invasion of its neighbor.
www.politico.eu
August 27, 2025 at 5:37 PM
Reposted by Paolo Fornaro
shashj.bsky.social
"Donald Trump intends to leave Russia and Ukraine to organize a meeting between their leaders without directly playing a role for now" theguardian.com/us-news/2025...
August 21, 2025 at 10:28 AM
Reposted by Paolo Fornaro
matthewhughes.bsky.social
There’s something deeply funny about Americans learning about roundabouts for the first time.
August 15, 2025 at 3:07 PM
Reposted by Paolo Fornaro
labore.fi
Laboren ja Etlan yhteisjoukkue uusi viime vuoden pronssinsa taloustieteilijöiden jalkapalloturnauksessa. Lue koko uutinen 👉 labore.fi/julkaisu/lab...
Laboren ja Etlan yhteisjoukkue pronssille taloustieteilijöiden SM-jalkapalloturnauksessa - Työn ja talouden tutkimus LABORE
Taloustieteilijöiden SM-jalkapalloturnaus pelattiin tänä vuonna helteisissä tunnelmissa Jyväskylän Viitaniemen liikuntapuistossa 5.6.2024 päivää ennen taloustieteilijöiden kaksipäiväistä kesäseminaari...
labore.fi
August 14, 2025 at 7:03 AM
Reposted by Paolo Fornaro
patriziolaina.bsky.social
Rakantava HS-vieraskynä Vesa Vihriälältä. Olen samaa mieltä. Suomi tekemässä pahan virheen vastustamalla EU:n budjetin kasvattamista, vaikka se tapahtuu etenkin turvallisuuteen panostamalla.

www.hs.fi/paakirjoituk...
Vieraskynä | EU tarvitsee isomman budjetin
EU:n komission esittämä budjetin kasvattaminen on hyödyllistä sekä EU:lle että Suomelle.
www.hs.fi
August 9, 2025 at 2:14 PM
Reposted by Paolo Fornaro
cascoinfoundation.org
I’m going to bed now, but the absolute horrific nonsense that crypto bros have been doing inspired me to write 800 words on the state of crypto: it’s really bad.

I’m grateful Protos let me use the appropriate language to describe it and I’d appreciate if you’d read the article and share it.
Polymarket and the new 'innovations' crypto has wrought Unfortunately, it's not only the progenitors of the green dildo token who have attempted to capitalize on being childish douchebags: betting markets have been opened on Polymarket to determine if and when the next dildo will be hurled onto a WNBA court - and hundreds of thousands of dollars are being wagered. These are hardly betting markets at this point, being more reminiscent of when Polymarket was gambling on if and when the Southern California fires would reach Santa Monica. These aren't people making simple bets, they're incentivizing criminal behavior and are far more reminiscent of assassination markets than casinos. This is the current state of crypto. The biggest fans and users aren't trying to innovate or come up with transformative use cases; they're children hurling sex toys at people who are trying to do their jobs as professional athletes. It isn't funny, it isn't interesting, and it most definitely isn't useful.
August 8, 2025 at 2:42 PM
Reposted by Paolo Fornaro
antoniofatas.bsky.social
The strategy of chaos
August 7, 2025 at 5:44 PM
Reposted by Paolo Fornaro
antoniofatas.bsky.social
Is this the end of uncertainty that the EU said we were getting after signing a trade deal with the US?
August 5, 2025 at 1:23 PM
Reposted by Paolo Fornaro
voxeu.org
Pascal Michaillat presents an algorithm for detecting #recessions early using labour market data. By combining #unemployment rates and vacancy rates, it is less noisy than relying on a single measure like industrial production.
cepr.org/voxeu/column...
#EconSky
Graph of monthly US unemployment and vacancy rates, April 1929-May 2025. The timely detection of recessions is critical for policymakers to make informed decisions. This column presents an algorithm for detecting recessions early using labour market data. By combining unemployment and vacancy rates, it shows that a less noisy signal can be obtained compared to relying on a single measure like industrial production. Current official prediction practices might benefit from greater emphasis on unemployment and vacancies, as the labour market is already sending an unambiguous signal of recession.
August 1, 2025 at 7:54 AM
Reposted by Paolo Fornaro
antoniofatas.bsky.social
When you need to justify a mystery (the value of cryptocurrencies), you refer to something else that you do not understand (blockchain). That sentence keeps appearing in article after article without any explanation of why this technology is needed for anything related to payments.
August 1, 2025 at 6:47 AM
Reposted by Paolo Fornaro
phastidio.net
Dai, creiamo un fondo europeo per pagare i dazi ai consumatori americani, forza
www.ilfoglio.it/politica/202...
Meloni punta a un nuovo fondo Ue per le imprese colpite da dazi. "Ma l'intesa con Trump non salti"
La cautela del governo e il vertice della premier con i vice a Palazzo Chigi. Il leader leghista: "Uscire dal Patto di stabilità". FdI tace sulle tariffe imposte da Trump e attac...
www.ilfoglio.it
July 30, 2025 at 5:00 AM
Reposted by Paolo Fornaro
In the fiasco of the EU joining Trump in killing the rules-based trading order, don't forget the other (admittedly smaller) EU miss this month. The good, the bad and the ugly of the new budget proposals. on.ft.com/4f72wj0
The EU’s budget is setting it up for geopolitical marginalisation
[FREE TO READ] The good, the bad and the ugly of the bloc’s multiyear spending proposal
on.ft.com
July 28, 2025 at 5:29 PM
Reposted by Paolo Fornaro
joestieb.bsky.social
You basically cannot.
July 6, 2025 at 6:04 PM