Kürşad Görgen
@althorsword.bsky.social
Economics PhD Student at George Mason University | Formerly at Cato Institute | Don Lavoie Fellow at Mercatus Center | Monetary Economics and Growth
New Substack post: Vietnam and Turkey both opened their economies in the late 20th century. Vietnam fostered, Turkey stalled. Why?
open.substack.com/pub/themoney...
open.substack.com/pub/themoney...
A Tale of Two Economies
It was the worst of Liras, it was the best of Dongs
open.substack.com
May 29, 2025 at 9:31 PM
New Substack post: Vietnam and Turkey both opened their economies in the late 20th century. Vietnam fostered, Turkey stalled. Why?
open.substack.com/pub/themoney...
open.substack.com/pub/themoney...
Reposted by Kürşad Görgen
Local DC post for the day, but it's insane how successful the transit-oriented development around NoMA has been.
The station is now ~50% busier than it was in 2019, despite overall metro ridership still being down. This year, it's busier than Dupont Circle or Columbia Heights
The station is now ~50% busier than it was in 2019, despite overall metro ridership still being down. This year, it's busier than Dupont Circle or Columbia Heights
May 16, 2025 at 7:53 PM
Local DC post for the day, but it's insane how successful the transit-oriented development around NoMA has been.
The station is now ~50% busier than it was in 2019, despite overall metro ridership still being down. This year, it's busier than Dupont Circle or Columbia Heights
The station is now ~50% busier than it was in 2019, despite overall metro ridership still being down. This year, it's busier than Dupont Circle or Columbia Heights
Reposted by Kürşad Görgen
FRB Dallas Texas retail sales outlook, six months ahead
April 29, 2025 at 10:27 PM
FRB Dallas Texas retail sales outlook, six months ahead
Reposted by Kürşad Görgen
I'm in @ftopinion explaining what I'll be looking for in tomorrow's GDP release. There will be much more real & measurement error noise than usual do to massive trade timing shifts so critical to look at "core GDP", which is the sum of consumer spending + fixed investment. www.ft.com/content/5857...
April 29, 2025 at 2:08 PM
I'm in @ftopinion explaining what I'll be looking for in tomorrow's GDP release. There will be much more real & measurement error noise than usual do to massive trade timing shifts so critical to look at "core GDP", which is the sum of consumer spending + fixed investment. www.ft.com/content/5857...
Reposted by Kürşad Görgen
New metro-area jobs data is out today, and 41 of the 50-largest metros gained jobs over the last year!
Fastest: Fresno (2.7%), Orlando (2%), Raleigh (1.9%), Charlotte (1.9%), San Antonio (1.7%)
Slowest: Memphis (-1.2%), SF (-.8%), San Jose (-.5%), Denver (-.4%), Phoenix (-.4%)
Fastest: Fresno (2.7%), Orlando (2%), Raleigh (1.9%), Charlotte (1.9%), San Antonio (1.7%)
Slowest: Memphis (-1.2%), SF (-.8%), San Jose (-.5%), Denver (-.4%), Phoenix (-.4%)
April 29, 2025 at 9:31 PM
New metro-area jobs data is out today, and 41 of the 50-largest metros gained jobs over the last year!
Fastest: Fresno (2.7%), Orlando (2%), Raleigh (1.9%), Charlotte (1.9%), San Antonio (1.7%)
Slowest: Memphis (-1.2%), SF (-.8%), San Jose (-.5%), Denver (-.4%), Phoenix (-.4%)
Fastest: Fresno (2.7%), Orlando (2%), Raleigh (1.9%), Charlotte (1.9%), San Antonio (1.7%)
Slowest: Memphis (-1.2%), SF (-.8%), San Jose (-.5%), Denver (-.4%), Phoenix (-.4%)
I'll be starting my PhD in Economics at George Mason University this fall!
April 30, 2025 at 4:34 AM
I'll be starting my PhD in Economics at George Mason University this fall!
Scott Sumner has a post at Econlog about my blogpost on Turkish inflation, its NGDP trend and "greedflation," be sure to check it out!
www.econlib.org/greedflation...
www.econlib.org/greedflation...
February 3, 2025 at 4:17 AM
Scott Sumner has a post at Econlog about my blogpost on Turkish inflation, its NGDP trend and "greedflation," be sure to check it out!
www.econlib.org/greedflation...
www.econlib.org/greedflation...
Reposted by Kürşad Görgen
How people think others update their beliefs upon encountering new evidence, from Marina Agranov and Polina Detkova https://www.nber.org/papers/w33261
December 22, 2024 at 6:00 PM
How people think others update their beliefs upon encountering new evidence, from Marina Agranov and Polina Detkova https://www.nber.org/papers/w33261
Reposted by Kürşad Görgen
NIMBY restrictions on housing are well understood; but they also serve to hold back a host of other businesses too
December 22, 2024 at 11:15 PM
NIMBY restrictions on housing are well understood; but they also serve to hold back a host of other businesses too
Reposted by Kürşad Görgen
one thing being an internet first economist taught me is that there’s a lot of value add in just telling people descriptive statistics. The number of trade arguments I have defused by just pointing out that China is no longer our #1 source of imports is honestly pretty astounding.
the phenomenon of irritable supposed lefties who hadn't done Baby's First FRED Chart posting shit like charts adjusted for inflation twice was instructive to me
All of the folks who said that you have to listen to what people say about the economy and not what statistics show, does that also hold for crime? I'm genuinely curious if people hold the same view across these two spheres.
December 23, 2024 at 2:24 PM
one thing being an internet first economist taught me is that there’s a lot of value add in just telling people descriptive statistics. The number of trade arguments I have defused by just pointing out that China is no longer our #1 source of imports is honestly pretty astounding.
Reposted by Kürşad Görgen
Yoon Suk Yeo rolls “worst autogolpe ever”, asked to leave Korean Peninsula
December 3, 2024 at 4:31 PM
Yoon Suk Yeo rolls “worst autogolpe ever”, asked to leave Korean Peninsula
Reposted by Kürşad Görgen
Tentative takeaways for macro theory, based on Zach's empirics showing wage growth has been uniformly weak in the recent episode:
1. Basic sticky wage theory looks extremely good?
1. Basic sticky wage theory looks extremely good?
November 18, 2024 at 4:29 PM
Tentative takeaways for macro theory, based on Zach's empirics showing wage growth has been uniformly weak in the recent episode:
1. Basic sticky wage theory looks extremely good?
1. Basic sticky wage theory looks extremely good?
Reposted by Kürşad Görgen
Hard to understate the importance of this suggestion by Powell for macroeconomic stability. Thread below on why we don't want to throw out the makeup policy baby with the bath water. (1/n)
🚨 Wow. Powell suggesting the FOMC might ditch FAIT for FIT 🚨
November 15, 2024 at 4:48 PM
Hard to understate the importance of this suggestion by Powell for macroeconomic stability. Thread below on why we don't want to throw out the makeup policy baby with the bath water. (1/n)
Reposted by Kürşad Görgen
"I hope this email finds you well."
Me The email
Me The email
November 14, 2024 at 6:26 PM
"I hope this email finds you well."
Me The email
Me The email
Couldn't find a better time to sign up here
when were you when Bluesky servers dies?
i was sat at home eating cocoa butter when watch ring
‘servers is kill’
‘no’
i was sat at home eating cocoa butter when watch ring
‘servers is kill’
‘no’
November 14, 2024 at 6:02 PM
Couldn't find a better time to sign up here
Reposted by Kürşad Görgen
meanwhile European countries like Italy and Germany had outlawed firing. we better understand "subsidize the worker, not the job". the population is ageing, growth rates are nearing zero, and debt is rising. we ought to squeeze every ounce of productivity and dynamism we have in us 📉📈
Why has US productivity outperformed since COVID?
One big reason is that Americans are doing different jobs than in 2019—the COVID shock and strong labor demand reallocated millions of workers, with employment in high-wage industries rising 8.3% vs 3.4% in low-wage industries
One big reason is that Americans are doing different jobs than in 2019—the COVID shock and strong labor demand reallocated millions of workers, with employment in high-wage industries rising 8.3% vs 3.4% in low-wage industries
November 14, 2024 at 3:32 PM
meanwhile European countries like Italy and Germany had outlawed firing. we better understand "subsidize the worker, not the job". the population is ageing, growth rates are nearing zero, and debt is rising. we ought to squeeze every ounce of productivity and dynamism we have in us 📉📈
Reposted by Kürşad Görgen
when were you when Bluesky servers dies?
i was sat at home eating cocoa butter when watch ring
‘servers is kill’
‘no’
i was sat at home eating cocoa butter when watch ring
‘servers is kill’
‘no’
November 14, 2024 at 5:39 PM
when were you when Bluesky servers dies?
i was sat at home eating cocoa butter when watch ring
‘servers is kill’
‘no’
i was sat at home eating cocoa butter when watch ring
‘servers is kill’
‘no’
Back in early 2024, I argued that current Turkish inflation is almost completely caused by CBRT. It's still relevant, as CBRT continues its recklessly expansionary monetary policy at full speed.
themoneymischief.substack.com/p/its-the-ng...
themoneymischief.substack.com/p/its-the-ng...
It's the NGDP, Turkish Edition
The CBRT's inability to reduce inflation despite high interest rates leads some to argue that it is not working. Some economists argue that inflation is caused by greed. Both are wrong.
themoneymischief.substack.com
November 14, 2024 at 5:36 PM
Back in early 2024, I argued that current Turkish inflation is almost completely caused by CBRT. It's still relevant, as CBRT continues its recklessly expansionary monetary policy at full speed.
themoneymischief.substack.com/p/its-the-ng...
themoneymischief.substack.com/p/its-the-ng...