Antonio Fatas
LightNews LightNews
antoniofatas.bsky.social
Antonio Fatas
@antoniofatas.bsky.social
2.7K followers 760 following 2.7K posts

Professor of Economics at INSEAD. Interested in global macroeconomic issues.

Videos
Economics 92%
Political science 5%
Posts Replies Media Videos

Reposted by Antonio Fatás

upanizza.bsky.social
Ugo Panizza @upanizza.bsky.social · 2d
I am a big fan if CORE and it was great giving the award to Wendy
cepr.org Centre for Economic Policy Research @cepr.org · 2d
Following her fireside chat on the Future of Higher Education CEPR is proud to announce Wendy Carlin was awarded the Lifetime Service to the Profession for her contributions to The CORE Project, increasing access and changing the way economics is taught. Our heartfelt congratulations to Wendy!

Reposted by Diane Coyle, Ugo Panizza, Steven N. Durlauf , and 3 more

cepr.org
Centre for Economic Policy Research @cepr.org · 2d
Following her fireside chat on the Future of Higher Education CEPR is proud to announce Wendy Carlin was awarded the Lifetime Service to the Profession for her contributions to The CORE Project, increasing access and changing the way economics is taught. Our heartfelt congratulations to Wendy!

Reposted by Antonio Fatás

mchinn.bsky.social
Menzie Chinn @mchinn.bsky.social · 2d
UPDATED - graph of nowcasts w/dispersion GDPNow, Goldman Sachs at 3.5% q/q AR, St.Louis Fed ~ zero #EconSky @atlantafed.org @stlouisfed.bsky.social NY Fed, @philadelphiafed.bsky.social
econbrowser.com/archives/202...

Reposted by Stephen M. Walt, Anna O. Law, Peter M. Cox , and 29 more

dieworkwear.bsky.social
derek guy @dieworkwear.bsky.social · 3d
The Nobel Prize committee should announce the World Cup winner tomorrow

Reposted by Dani Rodrik, Iikka Korhonen, Antonio Fatás

mchinn.bsky.social
Menzie Chinn @mchinn.bsky.social · 5d
Manufacturing snapshot - Sept production, Nov employment #EconSky
econbrowser.com/archives/202...

Reposted by Nicolas Véron, Antonio Fatás

codendahl.bsky.social
Christian Odendahl @codendahl.bsky.social · 6d
BOOOOM.

Reposted by Christian Odendahl, Antonio Fatás

reuters.com
Reuters @reuters.com · 6d
Euro zone business activity expands at fastest pace in 30 months in November, PMI shows reut.rs/3KwRf0B
Euro zone business activity expands at fastest pace in 30 months in November, PMI shows
Business activity in the euro zone expanded at its fastest pace in two-and-a-half years in November as a robust service sector more than offset manufacturing weakness, a survey showed on Wednesday.
reut.rs

Reposted by Ralph De Haas, Antonio Fatás

voxeu.org
VoxEU @ CEPR @voxeu.org · 6d
F Coelli, P García Guzmán, & E Nilsson discuss the macroeconomic impacts of ageing & how many regions are getting older before getting richer. Policy solutions include labour force participation by women & older adults, tech for productivity, & increased migration.
cepr.org/voxeu/column...
#EconSky
Notes: Lines represent population-weighted averages. “Advanced economies” are those classified as high income by the World Bank’s income classification in 1990 with data available for 1870-2023. The “EBRD post-communist” grouping comprises 26 post-communist economies in the EBRD regions. SEMED comprises Egypt, Iraq, Jordan, Lebanon, Morocco and Tunisia. SSA comprises Benin, Côte d’Ivoire, Ghana, Kenya, Nigeria and Senegal. Source: Gapminder, World Bank WDIs, and authors’ calculations. With fertility rates falling and populations ageing worldwide, the impact of demographic change on economic prosperity has become a central policy concern. This column uses a neoclassical growth model to quantify the economic cost of ageing in the economies where the EBRD invests and beyond. It contrasts the headwinds facing emerging Europe with the potential demographic dividend in Central Asia and Africa, highlighting that rapid fertility declines are quickly narrowing this window of opportunity.

Reposted by Brendan Nyhan, Paul Goldsmith-Pinkham, Amy W. Ando , and 1 more

Reposted by Antonio Fatás

voxeu.org
VoxEU @ CEPR @voxeu.org · 7d
Pierre Dubois (@tse-fr.eu) argues that to promote sustained innovation in pharma alongside affordable access, drug-pricing policy must integrate global spillovers in design, such as through coordinated value-based pricing, global innovation funds, etc.
cepr.org/voxeu/column...
#EconSky
The solid line represents the total number of newly approved drugs worldwide, and the dotted line represents the number of newly approved drugs per year in the US. Source: Author’s calculation using Citeline Pharmaprojects data. As the US and EU push forward with drug-pricing reforms, the topic has moved to the centre of political debate. This column shows how national decisions reverberate internationally. Because pharmaceutical innovation is a global public good, every pricing change or pharmaceutical legislation reform shifts the incentives behind tomorrow’s medical breakthroughs. To promote sustained innovation alongside affordable access, drug-pricing policy must integrate global spillovers into its design, such as through coordinated value-based pricing, global innovation funds, transferable exclusivity extensions, and agreements on launch sequencing.

Reposted by Antonio Fatás

voxeu.org
VoxEU @ CEPR @voxeu.org · 7d
Domestic firm-to-firm transaction data & customs records show Italy's exposure to external risks, such as US tariffs and a sudden stop of Chinese supplies, is far larger than standard trade stats suggest.
@fpconteduca.bsky.social @fabrizioleone.bsky.social et al
cepr.org/voxeu/column...
#EconSky
Distribution of the combination of direct and indirect export exposures to the US (left panel) and import exposures to China (right panel) by local labour market in 2022. The authors classify exposure in each local labour market as high or low based on whether its exposure value is above or below the national median. Understanding how foreign shocks affect economies has become a policy priority. Using domestic firm-to-firm transaction data matched with customs records, this column shows that Italy’s exposure to external risks, such as US tariffs and a sudden stop of Chinese supplies, is far larger than standard trade statistics suggest. Indirect exposure transmitted through domestic supply chains exceeds direct export and import exposure in most Italian regions. A small number of large traders and wholesalers act as key transmission hubs. Widely used input–output tables substantially understate these risks. Micro-level supply-chain data are essential to detect local vulnerabilities and design mitigation policies.

Reposted by Neale Mahoney, Paul Nightingale

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · 7d
Second edition of the @cepr.org eBook on the economic consequences of the second Trump administration. Most chapters updated with what has happened since the first edition. Free to download.

Link: cepr.org/publications...

Reposted by Menzie Chinn

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · 12d
Hard to assess the risk when Tether does not share much information on its balance sheet. But they have been open about adding riskier assets, some of which are not doing great. Fixed exchange rates can last for long periods of time and then crash in a matter of seconds.

www.ft.com/content/9749...
S&P downgrades Tether’s assets to lowest level
Rating agency cites rising exposure to high-risk assets and lack of disclosures
www.ft.com

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · 13d
And check the number of quotes saying "it was inevitable" by those who probably did not say that before.

Reposted by Antonio Fatás

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 13d
Who could see this coming…

Reposted by Carlos José, Antonio Fatás

nadaesgratis.bsky.social
Nada es Gratis @nadaesgratis.bsky.social · 13d
No es país para jóvenes nadaesgratis.es/admin/no-es-... Vía @nadaesgratis.bsky.social #Economía
No es país para jóvenes
Por Pablo García Guzmán España envejece. Las cifras son conocidas y repetidas: en 2024, una de cada cinco personas tenía más de 65 años; en 2050 será aproximadamente una de cada tres. El gasto en p...
nadaesgratis.es

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · 14d
Jason also said that "Scott Bessent is a credible, mainstream pick for Treasury Secretary". I do not deny the credentials of some of these names but when someone accepts a position in this administration you know how credible and mainstream they are NOT

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · 15d
What does this remind me of...October 1999 Kevin Hassett's Dow 36,000 that argued that stock market was a bargain and it should more than triple in value
tobyn.bsky.social Toby Nangle @tobyn.bsky.social · 15d
Despite all the talk of market bubbles, Miran's old shop has put out a call for the S&P500 to triple. Because MAGA. on.ft.com/4rpFNVp
Maybe the S&P 500 will triple?
Stephen Miran’s old shop reckons that stocks are ‘not even close’ to a bubble
on.ft.com

Reposted by Antonio Fatás

tobyn.bsky.social
Toby Nangle @tobyn.bsky.social · 15d
Despite all the talk of market bubbles, Miran's old shop has put out a call for the S&P500 to triple. Because MAGA. on.ft.com/4rpFNVp
Maybe the S&P 500 will triple?
Stephen Miran’s old shop reckons that stocks are ‘not even close’ to a bubble
on.ft.com

Reposted by Edgar Morgenroth, Antonio Fatás

sandertordoir.bsky.social
Sander Tordoir @sandertordoir.bsky.social · 15d
The United States is no longer providing any financial support for Ukraine according to Kiel's tracker - and has not been for a few months now (although I do wonder how one counts the intelligence support).

Europe is footing the bill alone.

Reposted by Jonathan Portes, Iikka Korhonen, Antonio Fatás

helene-rey.bsky.social
Hélène Rey @helene-rey.bsky.social · 15d
European defence governance and financing. Because Europe cannot be blackmailed any longer. If not now then when? @voxeu.org @cepr.org @kiel.institute cepr.org/voxeu/column...
European defence governance and financing
In a context of shifting US commitments, external threats, and global competition over trade, technology, critical minerals, talent, and intellectual property, Europe’s lack of defence capabilities leaves it vulnerable to economic and foreign policy pressure. This column outlines key principles for establishing a European Future of Defence Architecture and a framework for its financing.
cepr.org

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · 16d
You know you are in a bubble when financial advisors “hedge” their opinion by saying do not sell but hedge against the risk of a crash.

Reposted by Antonio Fatás

philipstephens.bsky.social
Philip Stephens @philipstephens.bsky.social · 17d
Simple point to be made to Trump by Europeans. His proposed deal with Putin is as threatening to the rest of Europe as it is humiliating for Ukraine. Rejecting it is not "siding" with Kyiv, but unavoidable to safeguard security of every European democracy......

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · 17d
www.theguardian.com/world/live/2...

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · 18d
Exactly, demand for what and at what price. AI is real and likely to have positive benefits on growth, earnings... but what matters for the bubble debate is whether current valuations are justified.

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · 18d
The fact that Bitcoin's price has gone down despite very favorable regulatory views from the US administration proves the obvious point: valuations of assets without fundamentals can be very subjective

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · 18d
Very reassuring... (from the US peace plan). Source: www.ft.com/content/79ee...

Reposted by Gerald Friedman, Umut Özkırımlı, Francesco Nicoli , and 2 more

carlquintanilla.bsky.social
Carl Quintanilla @carlquintanilla.bsky.social · 18d
TEN MONTHS IN:

The national debt is higher.

The trade deficit is wider.

The inflation rate has worsened.

The unemployment rate is up.

antoniofatas.bsky.social
Antonio Fatas @antoniofatas.bsky.social · 18d
Only leverage works with Trump.

on.ft.com/4oSjE0g
Trump flattery will get you nowhere
Fawning after the US president is not only humiliating — it doesn’t work
on.ft.com

Reposted by Antonio Fatás

kevincareywb.bsky.social
Kevin Carey @kevincareywb.bsky.social · 19d
Brilliant chart from paper being presented at IMF 13th Statistical Forum by Robert Zymek (IMF Research Department), "Bilateral Trade in Services: Insights from a New Database," showing how the trade networks differ between goods and services according to the new data. www.imf.org/en/news/semi...