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Philipp Heimberger

@heimbergecon.bsky.social

2.4K followers 88 following 520 posts

Vienna Institute for International Economic Studies (wiiw); macroeconomics, economic policy, public finance, political economy, meta-science.

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Economics 86%

Political science 11%

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Philipp Heimberger @heimbergecon.bsky.social · 14h

Germany's "exports are mainly in capital goods and medium to high-technology products with a high income elasticity of demand and thus rely on growth dynamics in the respective destination countries."

Link: www.researchgate.net/publication/...

(PDF) Eurozone governance and the German demand and growth regimes, 1999-2024

PDF | This paper provides a comprehensive analysis of the German demand and growth regimes from 1999 to 2024 within the framework of Eurozone... | Find, read and cite all the research you need on Rese...

www.researchgate.net

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Philipp Heimberger @heimbergecon.bsky.social · 14h

Interesting paper on Germany's growth model based on a national income and financial accounting decomposition approach: "we find an extreme export-led mercantilist (ELM) regime during 1999-2009, a moderated ELM regime during 2010-2020, and a weakly export-led regime during 2021-2024."

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Philipp Heimberger @heimbergecon.bsky.social · 1d

Good article by
@fsaraceno.bsky.social, including the argument that Europe has so far failed to refocus on domestic growth drivers, including public investment as a lever for a revival of private investment: fsaraceno.wordpress.com/2025/10/07/t...

The Draghi Report, One Year Later: Europe Still at the Starting Blocks

One year after the Draghi Report, Europe remains trapped in a cycle of low productivity and weak investment

fsaraceno.wordpress.com

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Reposted by Francesco Saraceno

Philipp Heimberger @heimbergecon.bsky.social · 1d

Only a fraction of the Draghi report’s recommendations have been implemented; EU member states are "reluctant to make bold moves, unable to agree on anything significant except for a rearmament race.. Europe is becoming more vulnerable and continues to lose ground to the 🇺🇸and🇨🇳"

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Philipp Heimberger @heimbergecon.bsky.social · 2d

"From 2003-2013, Shanghai added as much subway track as in the entire system in New York City. In 2025, 51 Chinese cities have subway lines, 11 of which are longer than New York's. China now has a longer high-speed rail network than the rest of the world put together."

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Philipp Heimberger @heimbergecon.bsky.social · 5d

"Since 1980, China has built an expanse of highways equal to twice the length of the US systems, a high-speed rail network twenty times more extensive than Japan's, and almost as much solar and wind power capacity as the rest of the world put together."

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Philipp Heimberger @heimbergecon.bsky.social · 5d

Here is the link to the paper: www.aeaweb.org/articles?id=...

Full-access version: docs.iza.org/dp15878.pdf

Philipp Heimberger @heimbergecon.bsky.social · 5d

Academic economists forming connections on social media show a bias toward certain races, genders, and elite institutions. Evidence from a paper recently published in AER: Insights.

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Reposted by Gabriel Felbermayr, Philipp Heimberger

wiiw @wiiw.ac.at · 6d

Große Story in @diepressecom.bsky.social über unsere neue Studie von @heimbergecon.bsky.social & Cara Dabrowski: 🇦🇹 & die 🇪🇺 brauchen mehr öffentliche Investitionen, um ihre geopolitischen Ziele zu erreichen und die lahmende Wirtschaft zu revitalisieren. Das geht auch, ohne das Budget zu belasten.

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Reposted by Philipp Heimberger

wiiw @wiiw.ac.at · 7d

The 🇪🇺 needs public investment to achieve its geopolitical goals & revive its economy. Our new study by @heimbergecon.bsky.social & Cara Dabrowski finds that well-targeted public investment brings strong economic returns and can be financed through borrowing without destabilising budgets. 1/9

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Philipp Heimberger @heimbergecon.bsky.social · 7d

With the US now seemingly unwilling to buy European export goods as it did in the past, and with China’s import growth slowing, Europe must refocus on domestic growth drivers. Public investment may play a crucial role in this.

Link to paper: wiiw.ac.at/achieving-ge...

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Reposted by Andrew Watt, Benjamin Braun, Lisa Dellmuth , and 1 more Andrew Watt, Benjamin Braun, Lisa Dellmuth, Björn Bremer

Philipp Heimberger @heimbergecon.bsky.social · 7d

In a new paper, we provide fresh evidence on the macroeconomic effects of public investment in 27 EU member states. We find that public investment has favorable effects on output and unemployment; doesn't crowd out private investment; and doesn't jeopardise debt sustainability.

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Philipp Heimberger @heimbergecon.bsky.social · 8d

I fear that the decline of reading will have disastrous societal consequences.

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Philipp Heimberger @heimbergecon.bsky.social · 9d

Source: www.ft.com/content/934c...

Deloitte issues refund for error-ridden Australian government report that used AI

Big Four firm will repay final instalment after incorrect references and citations found in document

www.ft.com

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Philipp Heimberger @heimbergecon.bsky.social · 9d

Welcome to the age of AI. "Deloitte will partially refund payment for an Australian government report that contained multiple errors after admitting it was partly produced by artificial intelligence."

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Philipp Heimberger @heimbergecon.bsky.social · 9d

Source: wiiw.ac.at/n-695.html

Russia is shifting its foreign trade massively towards China (news article)

Russia’s foreign trade is undergoing a profound shift, with China replacing the EU as Russia’s main trading partner

wiiw.ac.at

Philipp Heimberger @heimbergecon.bsky.social · 9d

China has replaced the EU as Russia’s main trading partner.

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Philipp Heimberger @heimbergecon.bsky.social · 26d

Link to the papers: nber.org/conferences/...

Economics of Transformative AI Workshop, Fall 2025

nber.org

Philipp Heimberger @heimbergecon.bsky.social · 26d

This is an interesting set of papers on "The Economics of Transformative AI" providing insights into recent mainstream economics thinking on AI and its repercussions.

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Philipp Heimberger @heimbergecon.bsky.social · 26d

Source: www.ft.com/content/43ab...

The problem with taxing the rich

Fiscal systems designed around income and consumption struggle to capture wealth, and billionaires are highly mobile

www.ft.com

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Philipp Heimberger @heimbergecon.bsky.social · 26d

The number of countries with wealth taxes has fallen sharply since 1990. Revenues from these taxes tend to raise comparatively small amounts.

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Philipp Heimberger @heimbergecon.bsky.social · 26d

Paper in "Journal of Political Economy": www.journals.uchicago.edu/doi/10.1086/...

Free-access version: www.iza.org/publications...

Mentoring and Schooling Decisions: Causal Evidence | Journal of Political Economy: Vol 0, No ja

www.journals.uchicago.edu

Reposted by Dirk Pilat, Samuel Bentolila, Fabian Kosse

Philipp Heimberger @heimbergecon.bsky.social · 26d

This paper shows that children are significantly less likely to enter the academic track if they come from a low socio-economic status family. A low-intensity mentoring program can improve long-run education outcomes of disadvantaged children and reduce inequality of opportunity.

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Philipp Heimberger @heimbergecon.bsky.social · 27d

Source: economy-finance.ec.europa.eu/document/dow...

economy-finance.ec.europa.eu

Philipp Heimberger @heimbergecon.bsky.social · 27d

EU Commission has approved🇩🇪 fiscal plan for the next years, making it consistent with 🇪🇺 fiscal rules. The plan departs from baseline potential growth assumptions, which sets a precedent for others. Additional military spending will be exempted under the national escape clause.

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Philipp Heimberger @heimbergecon.bsky.social · 27d

Source: docs.iza.org/dp17951.pdf

docs.iza.org

Philipp Heimberger @heimbergecon.bsky.social · 27d

Students tend to greatly overestimate the job prospects of their preferred occupations. When given accurate information about labor market outcomes, they shift toward fields of study with stronger employment opportunities and higher wages.

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Philipp Heimberger @heimbergecon.bsky.social · 28d

France is not Greece. In 🇫🇷, debt of corporates and households has been falling while government debt rises. In contrast, the🇬🇷private sector strongly expanded its debt during the 2000s, while government debt was also increasing in the run-up to the crisis.

chart @danielkral.bsky.social

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Reposted by Christian Chavagneux

Philipp Heimberger @heimbergecon.bsky.social · 29d

France is not Greece. In the run-up to the Greek debt crisis, interest payments absorbed more than 10% of 🇬🇷 tax revenue and peaked at nearly 20% in the early 2010s. In 🇫🇷, by contrast, the share is currently below 5%.

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Philipp Heimberger @heimbergecon.bsky.social · Sep 15

France is not Greece. 🇫🇷 is running a broadly balanced current account. Greece ran large current account deficits (imports > exports) in the run-up to the Greek crisis, then suffered a sudden stop of capital inflows during the financial crisis. Btw 🇬🇷is back to large CA deficits.

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