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Gavin Jackson

@gavinjackson.bsky.social

10K followers 790 following 2K posts

Mumbai correspondent at the Economist

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Gavin Jackson @gavinjackson.bsky.social · Nov 6

A starter pack of all the Economist journalists I could find on BlueSky. If there are any more I've missed let me know and I'll add them go.bsky.app/GNQbuoM

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Gavin Jackson @gavinjackson.bsky.social · 2h

Then the issue is a wealth tax does not raise enough, not that it is one-off. A one-off burst of inflation can be big enough to change debt dynamics.

Gavin Jackson @gavinjackson.bsky.social · 2h

Definitely not your job to make left-wing cases.

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Gavin Jackson @gavinjackson.bsky.social · 3h

Need permission from the leaseholder Londoncel

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Gavin Jackson @gavinjackson.bsky.social · 3h

It can reduce interest service costs, thereby reducing the deficit.

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Gavin Jackson @gavinjackson.bsky.social · 4h

Moving to a scarce reserves system?

Reuters @reuters.com · 4h

Bank of England allots most in 6-month repo since 2020 reut.rs/3IJ5zCz

Bank of England allots most in 6-month repo since 2020

Banks borrowed 6.344 billion pounds ($8.42 billion) from the Bank of England at a weekly indexed long-term repo for six-month funds on Tuesday, the most since March 2020, at the start of the COVID-19 pandemic.

reut.rs

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Reposted by Gavin Jackson

YouGov @yougov.co.uk · 5h

🧵/ Our major new study on young men, masculinity, and misogyny questions the extent to which Gen Z men are really more likely to hold misogynist views than older generations of men

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Gavin Jackson @gavinjackson.bsky.social · 7h

Oh are Labour going to increase LA funding?

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Gavin Jackson @gavinjackson.bsky.social · 23h

Vindication for Ed Balls as neoclassical endogenous growth theory wins a Nobel prize

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Gavin Jackson @gavinjackson.bsky.social · 23h

Asked and answered.

Headline from the Economist asking "Can India really innovate?"

Reposted by Gavin Jackson

Gil @guy-normal.bsky.social · 1d

'Nature's Labubu': why are Gen Z 'unboxing' conkers?

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Gavin Jackson @gavinjackson.bsky.social · 1d

Populations and incomes would swiftly collapse which should reduce environmental damage

Gavin Jackson @gavinjackson.bsky.social · 1d

Urban populations also richer, no?

Reposted by Gavin Jackson

Erik Angner @erikangner.com · 1d

That's like four economics awards in a row with a substantial economic-history component, right? That strikes me as a remarkable shift. www.nobelprize.org/prizes/lists...

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Gavin Jackson @gavinjackson.bsky.social · 1d

Other social scientists saying economics is stupid? Must be a E̶c̶o̶n̶o̶m̶i̶c̶s̶ ̶N̶o̶b̶e̶l̶ ̶ day ending in y

Gavin Jackson @gavinjackson.bsky.social · 1d

Yes. The problem here is fundamentally that levies are on electricity.

Gavin Jackson @gavinjackson.bsky.social · 1d

I guess the question is whether you think it’d be better to subsidise wind farms by selling off a public asset for less than you can get for it rather than increasing the cfd pot. I’m not convinced.

Reposted by Gavin Jackson

Jack Tindale @jacktindale.bsky.social · 1d

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Gavin Jackson @gavinjackson.bsky.social · 1d

The answer for energy markets would be that consumer costs are determined by the marginal supplier and not the results of CFD auctions. It would I guess increase prices if the CFD auction pots are recovered by levies on energy bills but that would be compensated by higher profits from the auction

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Gavin Jackson @gavinjackson.bsky.social · 1d

This would imply you don't get higher consumer prices because the consumer price is set by the energy market (where the marginal producer is gas) rather than the results of the CFD auction. bsky.app/profile/gavi...

Gavin Jackson @gavinjackson.bsky.social · 1d

This is what the designers of the spectrum auctions said about it. pages.stern.nyu.edu/~wgreene/ent...

Gavin Jackson @gavinjackson.bsky.social · 1d

This is what the designers of the spectrum auctions said about it. pages.stern.nyu.edu/~wgreene/ent...

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Gavin Jackson @gavinjackson.bsky.social · 1d

But then you get a lower quantity because (I think) the pot is fixed.

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Gavin Jackson @gavinjackson.bsky.social · 1d

But in spectrum auctions the cost of the licenses was not passed along to consumers, why is that different in this case?

Gavin Jackson @gavinjackson.bsky.social · 1d

I think the actual answer is that spectrum auction prices should be treated by bidders as a sunk cost and not affect prices whereas the cost of leases is passed along in higher prices.

Gavin Jackson @gavinjackson.bsky.social · 1d

Well it does because the government can use the money raised from spectrum auctions to fund renewable energy infrastructure or subsidise energy prices in the same way as seabed auctions.

Gavin Jackson @gavinjackson.bsky.social · 1d

Yes I know. And the amount given to fund the civil list is an analytically independent choice for the exchequer. Government could reduce monarchy funding while profits of the crown estate increase.