Tomasz Mickiewicz
tomekmickiewicz.bsky.social
Tomasz Mickiewicz
@tomekmickiewicz.bsky.social

Professor of economics @ Aston University (Birmingham, UK), editor of Entrepreneurship Theory and Practice, fellow of Regional Studies Association.
Once a member of Movement for Defence of Human and Civil Rights, opposing Soviet regime in Poland. .. more

Economics 40%
Business 37%

Reposted by Tomasz Mickiewicz

There is no good reason for Trump to be involved in Ukraine negotiations.

Europe pays everything; Trump pays nothing.

Epstein emails and new leaks also prove Trump is compromised and under Russian blackmail, while Witkoff clearly backs Moscow over the US and Ukraine.

Trump out!

Reposted by Tomasz Mickiewicz

How Greece’s recovery can be an inspiration for Europe on.ft.com/4oc5e9T | opinion
How Greece’s recovery can be an inspiration for Europe
The Eurozone’s former problem child is now borrowing more cheaply than much of the continent
on.ft.com

Reposted by Tomasz Mickiewicz

Russia’s economy is not doing well

Reposted by Tomasz Mickiewicz

Volume of China's crude oil imports from Russia down more than 10% from its peak. In October the discount on Russia's oil was ~5%, after a few months when the discount was 2-3%. Threat of secondary sanctions having some effect?

Reposted by Tomasz Mickiewicz

This nice piece on our new
@bofit.suomenpankki.fi
DP also has some addional examples of goods whose prices have risen A LOT for Russian customers because of sanctions.
@chriscook.news
🇷🇺🇨🇳
on.ft.com/4p1N63Y Chinese exporters charge Russia more for war supplies as sanctions bite
Chinese exporters charge Russia more for war supplies as sanctions bite
Price increases show that western restrictions are limiting Moscow’s capabilities, Bank of Finland research finds
on.ft.com

Reposted by Tomasz Mickiewicz

the impact of the March 2025 25% tariff on steel and aluminium:

o Foreign companies absorbed a quarter to a third of the tariff burden through reduced export prices

o Three-quarters of the tariff is passed through onto consumers of steel and aluminuim

Reposted by Tomasz Mickiewicz

Russia's flagship Urals crude is being offered to India's refiners at the cheapest price in at least 2yrs, Bloomberg reported

The discount reached $7per barrel compared to Dated Brent,with the offer applying to oil loaded in December&delivered in January,according to people familiar with the matter

Reposted by Tomasz Mickiewicz

We wrote a paper on Russia sanctions and Russia's import prices. Because of sanctions Russia must pay MUCH more for the sanctioned goods it buys.
@bofit.suomenpankki.fi
A thread:
Heli Simola and I wrote about the effect of sanctions on unit prices of Russia’s imports. I.e., how much does Russia have to pay more for goods EU & co have sanctioned, when it imports them from China, Türkiye and other countries?
@bofit.suomenpankki.fi DP 8/2025
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1/

www.bofit.fi/en/

Reposted by Tomasz Mickiewicz

Trump's new 'peace proposal' is all about extracting as much money as possible on.ft.com/4o9OtvW
Donald Trump wields dealmaking diplomacy to shape US foreign policy
President’s latest peacemaking effort in Ukraine involves another quest for a payout
on.ft.com

Reposted by Tomasz Mickiewicz

By the way, mass deportation causes rising prices in the United States.

This is because it removes a crucial ingredient of production in key sectors like food and construction, without reducing demand much.

Sane demand chasing reduced supply —> higher prices. @piie.com analysis here:
Trump’s deportation plans would cause lower US employment and GDP than otherwise
Former president Donald Trump has promised to carry out the "largest deportation program in American history," a step targeting unauthorized immigrants and endorsed in the Republican Party's 2024 plat...
www.piie.com

Reposted by Tomasz Mickiewicz

Italy's exports to well-known transshipment hubs like Kyrgyzstan (lhs) and Armenia (rhs) are going through the roof. This is happening more than 3 years after the invasion of Ukraine. You can do this kind of thing, but it makes the EU ineffective as a geopolitical actor. You can't have it both ways.

Reposted by Tomasz Mickiewicz

NYT: “.. The Trump Organization is in talks that could bring a Trump-branded property to one of Saudi Arabia’s largest government-owned real estate developments .. the latest example of Mr. Trump blending governance and family business ..”

@nytimes.com
www.nytimes.com/2025/11/15/w...

Prof. Rodriguez-Pose asks to which extent size of cities matters, at Regional Studies Associaton conference. Bigger needs not to be better, and density may destroy social capital (and more lessons)

German industry once the economic powerhouse of Europe is now being hit from multiple directions. The latest assault comes from US bend to hit its closest allies on.ft.com/4p5sjvP
Can anything halt the decline of German industry?
Europe’s manufacturing champion is in free fall. Economists are suggesting radical steps to save what is left
on.ft.com

Reposted by Simon Hix

The Economic Impact of Brexit on GDP seems to be - 6% to - 8% till 2025. Impact on investment is even larger. share.google/30UFNyXkw2M5...
The Economic Impact of Brexit
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
share.google

"Campaigns aimed at anti-elite candidates can unintentionally mobilize support for them" www.nber.org/papers/w3443...
Political Information and Network Effects
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org

There is a point for a country, when self-inflicted decline in soft power translates into decline in hard power. The latter depends on how many close allies a country has.

US passport lost significantly in terms of its value measured by visa free entry worldwide.

www.economist.com/graphic-deta...
The world’s most—and least—powerful passports
Americans’ travel documents aren’t as muscular as they used to be
www.economist.com

"Mr Putin’s initial war boom has now given way to stagflation, with growth at almost zero, labour shortages, hidden bad debts, inflation of 8% and interest rates of 16.5%. Another half-decade of this would probably trigger an economic and banking crisis in Russia." www.economist.com/leaders/2025...
Why funding Ukraine is a giant opportunity for Europe
The bill will be huge. It is also a historic bargain
www.economist.com

Reposted by Tomasz Mickiewicz

Germany plans €377B in defense procurements as Kremlin bot network spreads fake story about Chancellor Merz’s wife buying Rheinmetall shares

A new disinfo campaign flagged by @antibot4navalny.bsky.social is spreading videos posing as @bellingcat.com, The Telegraph, and German tabloid Bild.
Germany plans €377B in defense procurements as Kremlin bot network spreads fake story about Chancellor Merz’s wife buying Rheinmetall shares
Germany has drawn up plans to procure land, air, naval, space, and cyber weapons worth €377 billion, according to an internal government document reviewed by Politico. The outlays are set to be includ...
theins.press

Reposted by Tomasz Mickiewicz

Russia: Lukoil is now down 20% and Rosneft 13% over the rolling 5 day period.

"Without the Musk partisan effect, Tesla sales between October 2022 and April 2025 would have been 67-83% higher, equivalent to 1-1.26 million more vehicles. Musk’s partisan activities also increased the sales of other automakers' electric and hybrid vehicles 17-22%" www.nber.org/papers/w3441...
The Musk Partisan Effect on Tesla Sales
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org
US goods prices are reaccelerating amidst the trade war—goods inflation is at the highest level in more than two years, with prices for all goods rising 1.9% over the last year & prices for durables rising 1.8%

Reposted by Tomasz Mickiewicz

The last time America hit 12% credit card delinquency rate, the country was deep in the middle of a major financial crisis that threatened to unravel the entire banking system
New w/ @bencasselman.bsky.social: Wealthy Americans, buoyed by a booming stock market, are spending freely. Lower-income households, stung by inflation and a slowing labor market, are pulling back

www.nytimes.com/2025/10/19/b... @nytimes.com

Reposted by Tomasz Mickiewicz

A record $50-billion payment from Russia to shareholders of dismantled oil giant Yukos remains in force after the Dutch Supreme Court on Friday quashed a Russian appeal, ending a long-running legal saga.
Dutch Supreme Court Upholds $50Bln Payment in Yukos Case - The Moscow Times
A record $50-billion payment from Russia to shareholders of dismantled oil giant Yukos remains in force after the Dutch Supreme Court on Friday quashed a Russian appeal, ending a long-running legal sa...
www.themoscowtimes.com

Reposted by Iikka Korhonen

Both Italy and US are not on the sustainable fiscal paths, but that data shows that US is actually in worse shape than Italy, when the fiscal gap is properly measured... www.nber.org/papers/w3434...
Measuring What Matters: Why Italy May Be in Better Fiscal Shape than the US
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org

Welcome to Europe. There is space here for best development economists around.
I am delighted to share that Nobel laureates Esther Duflo and Abhijit Banerjee will join our Department of Economics @econ.uzh.ch at the University of Zurich on July 1, 2026, as Lemann Foundation Professors of Economics.

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I am delighted to share that Nobel laureates Esther Duflo and Abhijit Banerjee will join our Department of Economics @econ.uzh.ch at the University of Zurich on July 1, 2026, as Lemann Foundation Professors of Economics.

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