Tomasz Mickiewicz | Lightnews

Tomasz Mickiewicz @tomekmickiewicz.bsky.social · 4d

Russian economy seems to be running out of resources and money

giftarticle.ft.com/giftarticle/... via @FT

Russia is running out of money

Go behind the propaganda, and the intensifying strain is evident

giftarticle.ft.com

Tomasz Mickiewicz @tomekmickiewicz.bsky.social · 5d

This research demonstrates that over time, the US Supreme Court judges nominated by Republicans developed pro-wealthy bias in their decisions. In contrast, at the beginning of the period covered (mid 20th century) nominees by both parties were similar. www.nber.org/papers/w3464...

Ruling for the Rich: the Supreme Court over Time

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

Robin Brooks @robin-j-brooks.bsky.social · 8d

US sanctions and a de facto naval blockade crushed Venezuela's oil exports towards the end of 2025. Shadow fleet oil tankers (gray) pulled back especially sharply as the US seized oil tankers. Lots of scope for Venezuela's oil exports to ramp up quickly...
robinjbrooks.substack.com/p/tracking-o...

European Democrats @europeandemocrats.bsky.social · 13d

From tomorrow, 1st of January 2026, Bulgaria officially adopts the euro.
A historic step that strengthens the country’s place at the heart of the European project and deepens economic convergence across the Union. 1/3

Tomasz Mickiewicz @tomekmickiewicz.bsky.social · 15d

US stocks eclipsed by rest of world in 2025 as investors diversify - giftarticle.ft.com/giftarticle/... via @FT

US stocks eclipsed by rest of world in 2025 as investors diversify

Chinese artificial intelligence advances and the effects of Trump’s trade war have boosted markets outside the US

giftarticle.ft.com

Joey Politano🏳️‍🌈 @josephpolitano.bsky.social · 17d

Tariffs as a % of GDP are at the highest level in more than 100 years amidst Trump's trade war—even though tariff rates are still lower than in the 1930s, they have a much higher impact because trade volumes are much larger than in the past

Tomasz Mickiewicz @tomekmickiewicz.bsky.social · 23d

Unlike US administration, US top urban economists are now serious about Ukraine: www.nber.org/papers/w3459...

Rebuilding Ukraine's Cities: Maximizing Benefits and Minimizing Costs

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

Tomasz Mickiewicz @tomekmickiewicz.bsky.social · 23d

"Resilience to Brexit is shown to be spatially skewed and most robust in regions spatially proximate to, and in closest regulatory alignment with, the EU." (Marc Cowling & Ross Brown)
Brexit -> export opportunities eroded and regional disparities up in the UK.
www.sciencedirect.com/science/arti...

Discouraged exporters, regional resilience and the “Slow Burn” shock of Brexit: Unpacking the trade-related consequences for UK SMEs

Invoking the concept of regional resilience, this paper investigates how Brexit has affected the exporting behaviour of UK small and medium-sized ente…

www.sciencedirect.com

Carl Quintanilla @carlquintanilla.bsky.social · 25d

CATO INSTITUTE:

Despite DOGE slashing jobs, government spending in every month of 2025 “was greater than in every other year .. An observer who did not know when DOGE started could not identify it” on a chart. 🤡

www.cato.org/blog/doge-pr...

Carl Quintanilla @carlquintanilla.bsky.social · 26d

WSJ: The Trump family’s ventures since re-election “generated at least $4 billion in proceeds and paper wealth for the family as of December, according to company statements and securities filings.”

@wsj.com
www.wsj.com/politics/tru...

Tomasz Mickiewicz @tomekmickiewicz.bsky.social · 28d

Guess who benefits from it.

Forbes @forbes.com · 28d

Global crude prices rose more than 2% on Wednesday morning, just a day after dropping below $60 per barrel for the first time since May.

Crude Oil Prices Jump 2% After Trump Announces Venezuela Blockade

Global crude prices rose more than 2% on Wednesday morning, just a day after dropping below $60 per barrel for the first time since May.

www.forbes.com

Forbes @forbes.com · 28d

Global crude prices rose more than 2% on Wednesday morning, just a day after dropping below $60 per barrel for the first time since May.

Crude Oil Prices Jump 2% After Trump Announces Venezuela Blockade

Global crude prices rose more than 2% on Wednesday morning, just a day after dropping below $60 per barrel for the first time since May.

www.forbes.com

Tomasz Mickiewicz @tomekmickiewicz.bsky.social · 29d

Less pollution makes people smart.

A possible implication (mine, do not attribute to authors!): more pollution may increase the number of nice but dim voters who will be more likely to elect nice but dim leaders, or am I missing something...
www.nber.org/papers/w3455...

Impacts of Contemporaneous Air Pollution Exposure on Cognitive Performance in Kenya

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

Tomasz Mickiewicz @tomekmickiewicz.bsky.social · 29d

This can be seen as a comment on tariffs. Tariffs on intermediate inputs is the best way to undercut productivity.

centreforbusinessprosperity.substack.com/p/the-quiet-...

The Quiet Engine of Productivity: How Imported Inputs Supercharge Firms

By Anwar Adem

centreforbusinessprosperity.substack.com

Tomasz Mickiewicz @tomekmickiewicz.bsky.social · Dec 9

Trumpnomics in action. First tariffs that were supposed to hit foreigners. Next subsidies for the Americans who were supposed not to suffer because of tariffs. giftarticle.ft.com/giftarticle/... via @FT

Donald Trump announces $12bn aid package for US farmers hit by tariffs

Bailout will help mitigate cost of the president’s trade policies to the sector

giftarticle.ft.com

Tomasz Mickiewicz @tomekmickiewicz.bsky.social · Dec 1

Largest climate change costs occur "in some western regions of the United States, the Gulf Coast, and Florida. Climate costs also typically disproportionately burden lower-income households" www.nber.org/papers/w3452...

Who Bears the Burden of Climate Inaction?

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

Carl Quintanilla @carlquintanilla.bsky.social · Nov 29

“.. Three years into the generative-ai wave, demand for the technology looks surprisingly flimsy.

“.. the employment-weighted share of Americans using ai at work has fallen by a percentage point, and now sits at 11% ..”

@economist.com
www.economist.com/finance-and-...

Brian Finucane @bcfinucane.bsky.social · Nov 29

"In the 1980s, he had offered to personally negotiate a swift end to the Cold War while building what he told Soviet diplomats would be a Trump Tower across the street from the Kremlin, with their Communist regime as a business partner."

www.wsj.com/world/russia...

Make Money Not War: Trump’s Real Plan for Peace in Ukraine

The Kremlin pitched the White House on peace through business. To Europe’s dismay, the president and his envoy are on board.

www.wsj.com

Tomasz Mickiewicz @tomekmickiewicz.bsky.social · Nov 28

"States view educated yet excluded groups as politically threatening and prioritize their surveillance" www.nber.org/papers/w3449...

The Logic of State Surveillance

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

Financial Times @financialtimes.com · Nov 26

Trump’s affordability problem: in charts on.ft.com/3M0RL7A

Trump’s affordability problem: in charts

Americans are unhappy with the cost of living, with inflation higher than the month before the president retook office

on.ft.com

Joni Askola @joniaskola.bsky.social · Nov 26

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!

Financial Times @financialtimes.com · Nov 26

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

Joni Askola @joniaskola.bsky.social · Nov 24

Russia’s economy is not doing well

Iikka Korhonen @iikkakorhonen.bsky.social · Nov 24

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?

Iikka Korhonen @iikkakorhonen.bsky.social · Nov 24

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

Oleksandr Shepotylo @shepotylo.bsky.social · Nov 24

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

Anton Gerashchenko @antongerashchenko.bsky.social · Nov 24

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

Iikka Korhonen @iikkakorhonen.bsky.social · Nov 24

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:

Iikka Korhonen @iikkakorhonen.bsky.social · Nov 21

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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www.bofit.fi/en/