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Reposted by Dóra Piroska

cornelban.bsky.social @cornelban.bsky.social · 11h

Washington thought coercion would keep China down. But as @yelingtan.bsky.social @Mark Dallas @himself.bsky.social & @abenewman.bsky.social show, it did the opposite. Dependence became danger — and China learned to turn US pressure into its own power. geoeconomic.substack.com/p/america-th...

America, the Bumerang Master

How Washington Built Chinese Leverage Over...Washington (on Tan, Dallas, Farrell, Newman)

geoeconomic.substack.com

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Tomas Hirst @tomashirstecon.bsky.social · 1d

OK, given we're in "snark at the econ Nobel*" time of the year - something I am genuinely interested in knowing: What's the most robust counterintuitive finding in your particular subject/specialism?

*yes, we know

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Dóra Piroska @piroskadora.bsky.social · 1d

private innovation is dependent on public infrastructures

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Dóra Piroska @piroskadora.bsky.social · 1d

He presented a few of his latest papers. They were all centered around the idea that innovation is a private sector phenomenon. It is only the private sector that innovates and therefore the role of a government is to help the private sector in this.

I kept thinking about Gagarin...

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Dóra Piroska @piroskadora.bsky.social · 1d

PTSD: I recall the numbing feeling at a recent Sciences Po seminar when Aghion spoke as keynote...

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Ulrike Franke @rikefranke.bsky.social · 1d

At the French foreign office where Sciences Po director Luis Vassy notes that no other course gets as much student demand as security studies. Good news for my job prospects, I guess.

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Maxime Combes @maximecombes.bsky.social · 1d

L'économiste français Ph. Aghion qui a conseillé E. Macron sur sa politique économique en faveur de la croissance, justifiant ainsi de nombreuses régressions sociales (droit du travail etc), une politique économique en échec, vient de recevoir le Prix Nobel d'économie.

Fin de la blague.

Agence France-Presse @afp.com · 1d

🏆 Le prix Nobel d'économie a été décerné à l'Américano-Israélien Joel Mokyr, au Français Philippe Aghion et au Canadien Peter Howitt pour leurs travaux sur l'impact des nouvelles technologies sur la croissance économique.

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Max Hauser @maxhsr.bsky.social · 1d

Fühlt sich irgendwie surreal an, wenn das Nobelpreiskomittee Arbeiten zu anhaltendem Wachstum auszeichnet und vor einem Rückfall in Stagnation warnt, während die Welt brennt.

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Jo Michell @jomichell.bsky.social · 1d

The world is a Cobb Douglas production function. Growth depends on innovation and the Impatience of the Representative Agent. The “size of innovations” depends on research activity and skilled labour.

How much does this help us understand current trends in productivity, automation and inequality?

created by current research. The paper analyzes the positive and normative properties of stationary equilibria, in which research employment is constant and GNP follows a random walk with drift, although under some circumstances cyclical equilibria also exist.
Both the average growth rate and the variance of the growth rate are increasing functions of the size of innovations, the size of the skilled labor force, and the productivity of research as measured by a parameter indicating the effect of research on the Poisson arrival rate of innovations; and decreasing functions of the rate of time preference of the representative individual. Under laissez faire the economy's growth rate may be more or

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Jo Michell @jomichell.bsky.social · 1d

Aghion and Howitt 1992 wins the Nobel Prize? Safe choice I suppose but does rather highlight the extent to which the discipline has run into dead ends on the big questions about growth, productivity and distribution.

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Jo Michell @jomichell.bsky.social · 1d

I don’t think this stuff can ever recover from this burn from Krugman.

Paul Krugman criticized endogenous growth theory as nearly impossible to check by empirical evidence; "too much of it involved making assumptions about how unmeasurable things affected other unmeasurable things."

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Dóra Piroska @piroskadora.bsky.social · 5d

Finally a reason to be proud to be Hungarian. Please read Laszlo Krasznahorkai, he is very good.

The New York Times @nytimes.com · 5d

Breaking News: The Nobel Prize in Literature was awarded to Laszlo Krasznahorkai, the Hungarian novelist, for his “visionary oeuvre.”

Laszlo Krasznahorkai Is Awarded Nobel Prize in Literature

The award comes with prize money of almost $1.2 million.

nyti.ms

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Benjamin Braun @benbraun.bsky.social · 28d

Me when my paper's policy implications still haven't been implemented one year into into the peer review process.

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Csaba G. Tóth @tothgcsaba.bsky.social · Sep 14

Over the last two decades, Romania, Czechia and Slovakia cut their life expectancy gap with the EU27. But Hungary, Poland and Bulgaria remain stuck — showing little convergence.
#demography #lifespan #Poland #Hungary #Romania

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Dóra Piroska @piroskadora.bsky.social · Aug 31

Please read my papers as well 😀
David Karas, Andrea Elteto, Gergo Medve-Balint, Magdolna Sass, Dora Győrffy are also excellent sources on political economy of Orban.

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Dóra Piroska @piroskadora.bsky.social · Aug 31

Except that he neglects the political economic underpinnings of the Orban regim that makes it a lot stronger and harder to change.

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Clem Fon @clemfon.bsky.social · Aug 28

CBI is legitimised by 2 arguments. Progressives should defend 1 and keep fighting against 2.
1. Classic separations of powers. The king should not held the purse directly
2. The inflation nutter credibility argument (k&p77,b&g82,rogoff85) whereby the cb plays a discipline role against labor demands

JW Mason @jwmason.bsky.social · Aug 27

A lot of us have been struggling to reconcile our criticisms of Fed independence with the fact that defense of the Fed is, at this moment, critical to the defense of liberal government. Tooze’s latest grasps this nettle more firmly than anything else I’ve seen. adamtooze.substack.com/p/chartbook-...

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Fulya Apaydin @fa190.bsky.social · Aug 22

Here is the URL: journals.sagepub.com/doi/full/10....

Authoritarian neoliberalism and the instrumentalization of the banking sector in Turkey and Hungary - Fulya Apaydin, Dora Piroska, M. Kerem Coban, 2025

This paper studies the evolution of the domestic banking sector in Hungary and Turkey where Viktor Orban and Recep Tayyip Erdogan have intervened to politically...

journals.sagepub.com

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Dóra Piroska @piroskadora.bsky.social · Aug 22

Our latest paper on how far authoritarian leaders can go to instrumentalize the local banks for political survival.

It should be of interest to US colleagues and anyone interested in US politics.

Fulya Apaydin @fa190.bsky.social · Aug 22

Here is the URL: journals.sagepub.com/doi/full/10....

Authoritarian neoliberalism and the instrumentalization of the banking sector in Turkey and Hungary - Fulya Apaydin, Dora Piroska, M. Kerem Coban, 2025

This paper studies the evolution of the domestic banking sector in Hungary and Turkey where Viktor Orban and Recep Tayyip Erdogan have intervened to politically...

journals.sagepub.com

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Reposted by Dóra Piroska

Dóra Piroska @piroskadora.bsky.social · Aug 12

Interested in how authoritarian leaders use banks within their inherited neoliberal polity on the global semi-periphery?

To get clues what might Trump be tempted to do with the FED and the banks?

check out our latest article on Hungary and Turkey.

M. Kerem Coban @mkeremcoban.bsky.social · Aug 6

♨️Hot off the press

The 3⃣rd article of our SI (w/ @elsaclaramassoc.bsky.social) on the Transformation of Banking @Competition is online

Fulya Apaydin, Dora Piroska & I study the various ways in which authoritarian leaders instrumentalise the banking sector 👇

doi.org/10.1177/1024...

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Reposted by Dóra Piroska

herman mark schwartz @thunen.bsky.social · Aug 12

the FT read Miran (Trump's appointee to the FED) so i didn't have to, and i read the FT so you don't have to. Miran's proposals for FED "independence" substantively:

www.ft.com/content/cc45...
free link with registration.

excerpt from a Financial Times article showing that Trump FED appointee Stephen Miran wants to decrease the independence of the US central bank

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Dóra Piroska @piroskadora.bsky.social · Aug 12

thanks!

we just published a paper on Turkey and Hungary and banking. So if you need clues how far authoritarian leaders may go to instrumentalize central banks and banks for political purposes, please have a look here:
journals.sagepub.com/doi/10.1177/...

Authoritarian neoliberalism and the instrumentalization of the banking sector in Turkey and Hungary - Fulya Apaydin, Dora Piroska, M. Kerem Coban, 2025

This paper studies the evolution of the domestic banking sector in Hungary and Turkey where Viktor Orban and Recep Tayyip Erdogan have intervened to politically...

journals.sagepub.com

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Dóra Piroska @piroskadora.bsky.social · Aug 12

Interested in how authoritarian leaders use banks within their inherited neoliberal polity on the global semi-periphery?

To get clues what might Trump be tempted to do with the FED and the banks?

check out our latest article on Hungary and Turkey.

M. Kerem Coban @mkeremcoban.bsky.social · Aug 6

♨️Hot off the press

The 3⃣rd article of our SI (w/ @elsaclaramassoc.bsky.social) on the Transformation of Banking @Competition is online

Fulya Apaydin, Dora Piroska & I study the various ways in which authoritarian leaders instrumentalise the banking sector 👇

doi.org/10.1177/1024...

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Reposted by Dóra Piroska

M. Kerem Coban @mkeremcoban.bsky.social · Aug 6

♨️Hot off the press

The 3⃣rd article of our SI (w/ @elsaclaramassoc.bsky.social) on the Transformation of Banking @Competition is online

Fulya Apaydin, Dora Piroska & I study the various ways in which authoritarian leaders instrumentalise the banking sector 👇

doi.org/10.1177/1024...

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Dóra Piroska @piroskadora.bsky.social · Aug 7

I have a new paper out. Maybe you are intetested. journals.sagepub.com/doi/10.1177/...

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