Max Ferner @maxfferner
Econ student @pseinfo. Interested in literature, history, politics and running regressions, among other things Österreich Joined December 2021-
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Reading on Brazilian slavery, it’s so shocking one must constantly fact check
Economic growth was once closely linked to increasing environmental degradation. More recently, however, many high-income countries have continued to increase GDP per capita while reducing their environmental impacts.
and so it has begun
Germany's population falls by ~110,000 in 2025 as natural decline was: -352,000 and net-migration fell to +235,000, not enough to make up for the birth deficit. Only the City-States saw population increases, with Thuringia losing 1% of its' population. spiegel.de/panorama/gesel…
Intergenerational class mobility in the late Qing era is studied, with changes in dynamics, notably a collapse in upward mobility, revealing the footprints of late imperial crises, from @Butaeva_K, @sndurlauf, and Alexander Shapoval nber.org/papers/w35313
Best econ subfield:
I think the vitriol hurled at Piketty, Stiglitz, Zucman and Ghosh is completely absurd, but part of the proposal is definitely problematic. My two cents: 1. All our evidence suggests that growth has been the sine qua non of sustained poverty eradication, that is beyond big ‘post-feudal’ redistributions of land and income. For developing countries arguably nothing is more important than brute forcing nominal output growth. But even for advanced economies, long spells of growth stagnation are linked to declining living standards. Italy is a great recent example where pure growth, no matter how chaotic, has proven beneficial. 2. It could well be that comfortably meeting resource sustainability and emissions reduction targets in a timely manner without giving up on growth-led development strictly necessitates convergence on consumption levels that imply a significant reduction for rich counties. 3. This might be compositionally impossible: a managed decline in rich countries could foreclose on development in poorer countries. 4. Even if it is possible, it is very likely that de-growth in the Global North is not just a political non-starter but politically corrosive to any decarbonisation effort and ends up having the opposite intended effect for our emissions path. To me this just seems intractable. Either side claiming that their path is feasible is misleading either themselves or others.
Schade. Die Verleihung des Karlspreises an Mario Draghi wäre eine Gelegenheit gewesen, die neue Lage Europas als Mittelmacht mal genauer auszubuchstabieren: wie viel Industriepolitik braucht Europa? Wann Kapitalmarktunion? Stattdessen präsentiert der Kanzler nur die bekannten Schlaftabletten von der „Planwirtschaft“ und dem Schuldenberg. Man spürt einmal mehr, dass die Wirtschaftspolitik der CDU in den neunziger Jahren stecken geblieben ist.
I don’t know, it’s hard to blame a 2-year experiment for what happened over 5 decades, especially since the 1983 neoliberal u-turn was more decisive. What doomed Mitterrand was less the policies themselves than their incompatibility with the ERM (which he acknowledged).
Rogoff now thinks the Yuan will be a reserve currency in 5 years, because 1. current US fiscal policy and trade wars are weakening the dollar's global anchor status. But we are entering a multipolar world, and the yuan becomes a primary reserve asset alongside the dollar and euro. 2. it it is becoming "unnatural" for Asia to remain so dollar-centric when China is the region's dominant trading partner. 3. He expects a "Nixon Shock" style transition where Asia moves into a yuan-bloc.
@TrueSlazac @MarlonEttinger Raphaël Arnault was probably the closest to Mélenchon in terms of being demonized/hated in the 2024 election, and he easily got vote reports from PS and Renaissance to get elected against RN.
how can a cat look this Turkish?
Meet Şerbet, the famous resident of the Ottoman Topkapi Palace 🇹🇷
toute la com' de macron est à comprendre à l'aune du fait qu'avant d'être un président il a été ce gamin lettré de province qui n'a pas pu entrer à normale sup'
quel poseur jpp
First as a tragedy, then as a farce, then as a farce, then as a farce, then as a farce, then as a farce,
This new QJE paper concludes that the macroeconomic costs of climate change are far greater than earlier estimates suggested. It finds that a 1°C rise in global temperatures reduces world GDP by over 20%.
It boggles me that so many people have convinced themselves ‘AI risk’ is a greater threat than climate change. This is still the real freight train, and thinking otherwise is deeply unserious.
This new QJE paper concludes that the macroeconomic costs of climate change are far greater than earlier estimates suggested. It finds that a 1°C rise in global temperatures reduces world GDP by over 20%.
Iran setzt Drohnen mit Motoren aus Österreich gegen US-Basen ein
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