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Niko Jaakkola

@nikoecon.bsky.social

2.3K followers 2.5K following 1.3K posts

Associate Prof, Uni Bologna, Economics of climate & natural resources. Tweeting also as citizen, 🇫🇮/🇪🇺 and as resident 🇮🇹. Views are mine, most likely borrowed from somewhere. Suomeksi @nikoekon.bsky.social https://sites.google.com/view/jaakkola

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Niko Jaakkola @nikoecon.bsky.social · Nov 23

I wrote a policy piece for the EconPol Forum, together with Rick van der Ploeg and Tony Venables. We argue that decisive 'big push' green industrial policy is needed to convince firms & households that, without a doubt, the green transition is going to happen. 1/N

“Big Push” Green Industrial Policy

Carbon pricing is a central part of climate policy, but is politically difficult while the economy is still reliant on fossil fuels The long-lived green investments required to break the carbon lock-...

Reposted by Niko Jaakkola

Jennifer Doleac @jenniferdoleac.bsky.social · 4h

I’ve decided not to post my annual “women on the Econ job market” thread this year. Social media has splintered too much, and now that I’ve left academia I’m focused on other priorities.

Reposted by Niko Jaakkola

Federica Genovese @fgenovese.bsky.social · 1d

Going through some history of climate politics notes from last week, I realize we dont appreciate enough the climate mobilization of mid2010s and subsequent electoral green wave of late 2010s.

That moment was never really meant to be in the cards and we need to better study how we got there

🪡 1/n

Niko Jaakkola @nikoecon.bsky.social · 11h

So some of the total amounts may reflect competition between US producers, rather than finalised deals. For 2020, this makes a big difference even for the European numbers. I wonder if there are other cases of similar duplication. 6/6

Niko Jaakkola @nikoecon.bsky.social · 11h

In the end, only one of these went through (the F-35). Both notifications were made as part of the tendering process. But only one led to an actual deal & sales. The data overestimate Finnish 2020 dependence on the US, by a lot. 5/n

Niko Jaakkola @nikoecon.bsky.social · 11h

On the data presented, on US Foreign Military Sales notifications: for 2020, Finland is listed as having been given a whopping $35bn worth of FMS notifications. Luckily a breakdown shows that this is composed largely of two major notifications: one for an F-35 fleet, another for F-18. 4/n

Niko Jaakkola @nikoecon.bsky.social · 11h

This is actually a very standard 'directed technical change' argument. Boosting EU producers, who start from behind, would require military industrial policy. Govt procurement favouring EU suppliers would be the way to go. But in the short-to-medium term that could be (very) costly. 3/n

Niko Jaakkola @nikoecon.bsky.social · 11h

Europe has immediate needs to beef up its security & right now many types of kit necessarily have to be US-made. At the same time, placing so many orders with US suppliers bolsters their technological dominance, harming the longer term goal of European strategic (but conventional) independence. 2/n

Niko Jaakkola @nikoecon.bsky.social · 11h

This is an interesting piece of analysis by @guntramwolff.bsky.social & @juanmejinoecon.bsky.social, arguing that Europe has increased its military technological dependence on the US. Good argument; but one quibble. 1/n

Europe’s dependence on US foreign military sales and what to do about it

Europe’s reliance on US arms raises autonomy concerns, as security worsens and leaders aim to cut strategic and technological dependence

www.bruegel.org

Reposted by Niko Jaakkola

Janne M. Korhonen @jmkorhonen.fi · 1d

Reposted by Niko Jaakkola

Timothy McBride @mcbridetd.bsky.social · 1d

Winners of the Nobel Prize in Economics, 2025
www.nobelprize.org

Reposted by Niko Jaakkola

Paul Hünermund @p-hunermund.com · 1d

I'm glad Donald Trump didn't win the econ nobel.

Reposted by Niko Jaakkola

Marc Veldhoen @marcveld.bsky.social · 3d

Antivaxxers are faced with an overwhelming amount of data, evidence, that shows their claims are very wrong. So they have to claim conspiracy and government involvement.

Covid19 doomers are similar. They use the same arguments, can't read papers, cherry-pick, twist data, and
1/8

Reposted by Niko Jaakkola

Katie Martin @katie0martin.ft.com · 2d

"Now, we know what you’re thinking: this is all very stupid and funny. And we agree."

Toby Nangle @tobyn.bsky.social · 2d

Oh no 💎 🙌 😔 😢 😭
on.ft.com/43gTvPI

Behold the trash crash

Pray for Dogecoin

Reposted by Niko Jaakkola

Angie Rasmussen @angierasmussen.bsky.social · 3d

For more information about the Friday night massacre at CDC, I wrote up an analysis of who got terminated and what that means for public health.

Grateful to @saveamericamvmt.bsky.social for supporting and amplifying. We are in really terrible trouble.

rasmussenretorts.substack.com/p/the-death-...

Reposted by Niko Jaakkola

(((Tendar))) @tendar.bsky.social · 4d

Rheinmetall is going to build and deliver Skyranger 35 based on the Leopard 1 chassis to Ukraine.

The order value comprises a 3-digit million value and is financed from interests of frozen Russian assets.

Excellent work.

Reposted by Niko Jaakkola

Federica Genovese @fgenovese.bsky.social · 3d

remember that this mayhem is a direct consequence of Macron’s post-EP elections gamble, which might well be the French version of Cameron’s “chaos with Ed Miliband” moment

Federica Genovese @fgenovese.bsky.social · 3d

too bad for all you anglophones missing out on Lecornu government replacing Lecornu government memes on French social media

Reposted by Niko Jaakkola

Janne M. Korhonen @jmkorhonen.fi · 3d

AND he basically founded a real life Phoenix Foundation to do it! No word of whether they had hired anyone named McGyver though.

Niko Jaakkola @nikoecon.bsky.social · 3d

Wild: a Finnish retired counterintelligence officer won the lottery and decided he'd simply keep on doing what he had been doing -- hunting Russian spies -- also putting his newly-won money where his mouth was.

Janne M. Korhonen @jmkorhonen.fi · 3d

Finnish #intelligence #history keeps having wild plot twists.

A retired Finnish spy-catcher with probably a world record in catching Soviet “illegals” (“at least” 25) got the largest lottery jackpot in Europe - and used the millions to do and help counterintelligence.

www.hs.fi/tutkiva/art-...

Reposted by Niko Jaakkola

Angie Rasmussen @angierasmussen.bsky.social · 3d

I don’t know who needs to hear this but the CDC is being eviscerated right now. America is not going to have any kind of outbreak response capacity after tonight. Americans’ health data is no longer secure. Say goodbye to federal public health in any capacity. It’s a disaster. We won’t recover.

Reposted by Niko Jaakkola

Stanley Pignal @spignal.bsky.social · 4d

I've been a bit sceptical of the "exodus of US-based academics to Europe" thing, but this is a notable move.

Florian Scheuer @florianscheuer.bsky.social · 4d

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.

🧵 1/7

Niko Jaakkola @nikoecon.bsky.social · 4d

👀

Florian Scheuer @florianscheuer.bsky.social · 4d

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.

🧵 1/7

Niko Jaakkola @nikoecon.bsky.social · 4d

Thank you! I encountered the other pronunciation only a few years ago and thought I was going crazy.

Reposted by Niko Jaakkola

Tim White @twmcltd.bsky.social · 4d

We are expecting the exact figures of missiles and drones fired by Russia within a few minutes. But we do know over 450 drones + 30 missiles were fired at Ukraine.

One child died and more than 20 were injured in the overnight attack.
Here are pictures from Kyiv.

Reposted by Niko Jaakkola

Tim White @twmcltd.bsky.social · 4d

Due to the overnight Russian attacks, hundreds of thousands have no power in Ukraine, many no gas or even water too.

Even when reconnected, enforced blackouts will happen to "share energy" in Kyiv, Donetsk, Dnipropetrovsk, Cherkasy, Chernihiv, Kharkiv, Sumy, Poltava and Odessa regions.

Niko Jaakkola @nikoecon.bsky.social · 4d

Excellent by @spignal.bsky.social, on European politicians using Brussels as a smokescreen and scapegoat.

'[G]iven that national governments form the backbone of the eu, “blaming Brussels” is akin to a ventriloquist haranguing his own puppet for being foul-mouthed.'

“Brussels” is the phantom menace Europe loves to blame

Why bashing the EU is likely to become ever more popular

www.economist.com