Carlos Garriga
@carlosgarriga.bsky.social
Director of Research 🧠🔬
Senior Vice President 📈
Federal Reserve Bank of St. Louis 🏦
PhD in Economics 🎓 Universitat de Barcelona 🇪🇸
Driving economic research and shaping monetary policy.
Senior Vice President 📈
Federal Reserve Bank of St. Louis 🏦
PhD in Economics 🎓 Universitat de Barcelona 🇪🇸
Driving economic research and shaping monetary policy.
Jackson Hole Symposium is underway! Great to be back and reconnect with colleagues from the System and central bankers globally. With a Framework review in the mix, there's sure to be plenty to discuss over the next few days. Let's get to it.
August 21, 2025 at 3:55 PM
Jackson Hole Symposium is underway! Great to be back and reconnect with colleagues from the System and central bankers globally. With a Framework review in the mix, there's sure to be plenty to discuss over the next few days. Let's get to it.
Tornado approaching downtown St Louis. The second one in 3 weeks.
June 4, 2025 at 9:17 PM
Tornado approaching downtown St Louis. The second one in 3 weeks.
We are hiring Students for RA Positions Summer 2025. The Research Division at the Federal Reserve Bank of St. Louis is hiring full-time Research Associates. This is an excellent opportunity to work with, learn, and engage with our reputable economist staff, visiting fellows and scholars.
EJM - Econ Job Market
lnkd.in
April 18, 2025 at 7:43 PM
We are hiring Students for RA Positions Summer 2025. The Research Division at the Federal Reserve Bank of St. Louis is hiring full-time Research Associates. This is an excellent opportunity to work with, learn, and engage with our reputable economist staff, visiting fellows and scholars.
A motion is better than a million words. Do you find it relatable? Squeezed from all sides.
#EconSky #AcademicSky
youtu.be/jKsBlyh-cqw?...
#EconSky #AcademicSky
youtu.be/jKsBlyh-cqw?...
Beckett's Death Scene - Pirates of the Caribbean: At World's End | 4K HDR Clip
YouTube video by Pjeter Studios
youtu.be
April 4, 2025 at 8:44 PM
A motion is better than a million words. Do you find it relatable? Squeezed from all sides.
#EconSky #AcademicSky
youtu.be/jKsBlyh-cqw?...
#EconSky #AcademicSky
youtu.be/jKsBlyh-cqw?...
It is great to have Diego Mendez-Carbajo discussing how #FRED (Federal Reserve Economic Data) can be best utilized as a powerful tool for teaching personal finance during the upcoming Stanford Financial Education Symposium (April 10–11, 2025).
#EconSky #AcademiaSky
ifdm.stanford.edu/events/stanf...
#EconSky #AcademiaSky
ifdm.stanford.edu/events/stanf...
Stanford Financial Education Symposium
ifdm.stanford.edu
April 1, 2025 at 2:48 AM
It is great to have Diego Mendez-Carbajo discussing how #FRED (Federal Reserve Economic Data) can be best utilized as a powerful tool for teaching personal finance during the upcoming Stanford Financial Education Symposium (April 10–11, 2025).
#EconSky #AcademiaSky
ifdm.stanford.edu/events/stanf...
#EconSky #AcademiaSky
ifdm.stanford.edu/events/stanf...
Did you know Spain is a powerhouse not only in football and tennis, but also in central banking? In his recent post on Nada es Gratis, by Galo Nuño (BdE), he highlights the significant, yet often overlooked, contributions of Spanish economists to international monetary institutions.
#EconSky
#EconSky
Españoles: futbolistas, tenistas ¿y banqueros centrales?
Por Galo Nuño
El título de esta columna puede haber sorprendido a más de uno (esa era mi intención), pero resume el mensaje principal: además de producir futbolistas y tenistas de talla mundial, Es...
nadaesgratis.es
March 29, 2025 at 5:02 PM
Did you know Spain is a powerhouse not only in football and tennis, but also in central banking? In his recent post on Nada es Gratis, by Galo Nuño (BdE), he highlights the significant, yet often overlooked, contributions of Spanish economists to international monetary institutions.
#EconSky
#EconSky
Revisiting my work with Finn Kydland (2004 Nobel Laureate with Ed Prescott) and Roman Šustek , summarized in 2019 by Central Banking, which introduced the "MoNK" model for analyzing long-term monetary transmission.
March 29, 2025 at 1:15 AM
Revisiting my work with Finn Kydland (2004 Nobel Laureate with Ed Prescott) and Roman Šustek , summarized in 2019 by Central Banking, which introduced the "MoNK" model for analyzing long-term monetary transmission.
Proud to see our collaborative work with Serdar Birinci on overemployed workers being discussed in this CNBC article: "More Americans With College Degrees Are Working Multiple Jobs". This piece highlights some key aspects of the changing work landscape. #EconSky #FinSky
www.cnbc.com/2025/03/16/m...
www.cnbc.com/2025/03/16/m...
More Americans with college degrees are working multiple jobs, Fed report finds
In 2024, roughly half of Americans holding multiple jobs have a college degree, according to a report.
www.cnbc.com
March 21, 2025 at 8:51 PM
Proud to see our collaborative work with Serdar Birinci on overemployed workers being discussed in this CNBC article: "More Americans With College Degrees Are Working Multiple Jobs". This piece highlights some key aspects of the changing work landscape. #EconSky #FinSky
www.cnbc.com/2025/03/16/m...
www.cnbc.com/2025/03/16/m...
Mario Benedetti said that "in life one must avoid three geometric figures: vicious circles, love triangles, and square minds."
Nowadays, one could include three-dimensional figures such as political spheres, financial pyramids, and block perspectives.
Happy Friday
Nowadays, one could include three-dimensional figures such as political spheres, financial pyramids, and block perspectives.
Happy Friday
March 21, 2025 at 4:46 PM
Mario Benedetti said that "in life one must avoid three geometric figures: vicious circles, love triangles, and square minds."
Nowadays, one could include three-dimensional figures such as political spheres, financial pyramids, and block perspectives.
Happy Friday
Nowadays, one could include three-dimensional figures such as political spheres, financial pyramids, and block perspectives.
Happy Friday
Unlock a wealth of historical insights! 🗝️ The full collection of the Minutes of the Board of Governors of the Federal Reserve System is now available. You can now search the complete record for deeper understanding of past monetary policy decisions. #EconSky
fraser.stlouisfed.org/title/minute...
fraser.stlouisfed.org/title/minute...
Minutes of the Board of Governors of the Federal Reserve System | 1960s | Title | FRASER | St. Louis Fed
This collection contains minutes of meetings of the Board of Governors of the Federal Reserve System (the Federal Reserve Board), as well as meetings of committees of the Board and meetings of the Boa...
fraser.stlouisfed.org
March 18, 2025 at 9:31 PM
Unlock a wealth of historical insights! 🗝️ The full collection of the Minutes of the Board of Governors of the Federal Reserve System is now available. You can now search the complete record for deeper understanding of past monetary policy decisions. #EconSky
fraser.stlouisfed.org/title/minute...
fraser.stlouisfed.org/title/minute...
Exciting news for all data enthusiasts! 🎉 ALFRED has a fresh new look and updated graphs are now available to all users. Experience a more modern interface and enhanced data visualization.
alfred.stlouisfed.org #economics #data #visualization #federalreserve #ALFRED
alfred.stlouisfed.org #economics #data #visualization #federalreserve #ALFRED
Archival FRED | ALFRED | St. Louis Fed
ArchivaL Federal Reserve Economic Data (ALFRED). Over 350,000 real-time economic time series. Download data. Analyze policy decisions. Reproduce research.
alfred.stlouisfed.org
March 18, 2025 at 9:20 PM
Exciting news for all data enthusiasts! 🎉 ALFRED has a fresh new look and updated graphs are now available to all users. Experience a more modern interface and enhanced data visualization.
alfred.stlouisfed.org #economics #data #visualization #federalreserve #ALFRED
alfred.stlouisfed.org #economics #data #visualization #federalreserve #ALFRED
This video on tariffs has been circulating widely this week. The issue of protecting domestic winners is a perennial one. However, kudos to the team from the CEA or NEC who contributed to the speech.
#EconSky #FinSky #AcademiaSky
youtu.be/5t5QK03KXPc?...
#EconSky #FinSky #AcademiaSky
youtu.be/5t5QK03KXPc?...
President Reagan's Radio Address on Free and Fair Trade on April 25, 1987
YouTube video by Reagan Library
youtu.be
March 16, 2025 at 2:04 AM
This video on tariffs has been circulating widely this week. The issue of protecting domestic winners is a perennial one. However, kudos to the team from the CEA or NEC who contributed to the speech.
#EconSky #FinSky #AcademiaSky
youtu.be/5t5QK03KXPc?...
#EconSky #FinSky #AcademiaSky
youtu.be/5t5QK03KXPc?...
The dichotomy of modern life is clearly stated in this commercial from the 1990s. Things that humans didn't have to worry about 500 years ago.
#EconSky #AcademiaSky #FinSky
#EconSky #AcademiaSky #FinSky
March 15, 2025 at 4:01 PM
The dichotomy of modern life is clearly stated in this commercial from the 1990s. Things that humans didn't have to worry about 500 years ago.
#EconSky #AcademiaSky #FinSky
#EconSky #AcademiaSky #FinSky
A very hot topic these days.
Dive into the fascinating evolution of Federal Reserve System employment! 📈 The essay by Genevieve Podleski, Jonathan Rose, and Jona Whipple reveals key trends from 1915 to 2022. You can see the breakdown by bank.
#EconSky #FinSky
fraser.stlouisfed.org/title/econom...
Dive into the fascinating evolution of Federal Reserve System employment! 📈 The essay by Genevieve Podleski, Jonathan Rose, and Jona Whipple reveals key trends from 1915 to 2022. You can see the breakdown by bank.
#EconSky #FinSky
fraser.stlouisfed.org/title/econom...
Economic Synopses, Statistics on Federal Reserve System Employment, 1915 to 2022, 2023, No. 16 | FRASER | St. Louis Fed
Employment in the Federal Reserve System has been shaped by various factors over time, including demand for services, efficiency and productivity, legislative mandates, and responses to major economic...
fraser.stlouisfed.org
March 14, 2025 at 10:17 PM
A very hot topic these days.
Dive into the fascinating evolution of Federal Reserve System employment! 📈 The essay by Genevieve Podleski, Jonathan Rose, and Jona Whipple reveals key trends from 1915 to 2022. You can see the breakdown by bank.
#EconSky #FinSky
fraser.stlouisfed.org/title/econom...
Dive into the fascinating evolution of Federal Reserve System employment! 📈 The essay by Genevieve Podleski, Jonathan Rose, and Jona Whipple reveals key trends from 1915 to 2022. You can see the breakdown by bank.
#EconSky #FinSky
fraser.stlouisfed.org/title/econom...
Corporate tax discussions are always relevant. My research challenged the idea of zero or negative taxes on investment by incorporating innovation and fixed costs. The optimal corporate tax is positive. #EconSky #FinSky
academic.oup.com/jeea/article...
academic.oup.com/jeea/article...
Optimal Taxation with Imperfect Competition and Aggregate Returns to Specialization
Abstract. In this article we explore the proposition that, in economies with imperfect competitive markets, the optimal capital income tax is negative and
academic.oup.com
March 13, 2025 at 1:10 AM
Corporate tax discussions are always relevant. My research challenged the idea of zero or negative taxes on investment by incorporating innovation and fixed costs. The optimal corporate tax is positive. #EconSky #FinSky
academic.oup.com/jeea/article...
academic.oup.com/jeea/article...
The duopoly in the US killed daily ski tickets, leading to massive congestion & long lift lines. Removing price signals ruins the experience.
#Skiing #EconSky #FinSky
www.youtube.com/watch?v=0bfD...
#Skiing #EconSky #FinSky
www.youtube.com/watch?v=0bfD...
How Vail Destroyed Skiing
YouTube video by More Perfect Union
www.youtube.com
March 12, 2025 at 3:30 AM
The duopoly in the US killed daily ski tickets, leading to massive congestion & long lift lines. Removing price signals ruins the experience.
#Skiing #EconSky #FinSky
www.youtube.com/watch?v=0bfD...
#Skiing #EconSky #FinSky
www.youtube.com/watch?v=0bfD...
Explore the U.S. Federal Reserve System's research and publications. Insights at your fingertips.
#Fed #Economics #Research #EconSky #FedSky
fedinprint.org
#Fed #Economics #Research #EconSky #FedSky
fedinprint.org
Fed in Print
fedinprint.org
March 11, 2025 at 11:48 AM
Explore the U.S. Federal Reserve System's research and publications. Insights at your fingertips.
#Fed #Economics #Research #EconSky #FedSky
fedinprint.org
#Fed #Economics #Research #EconSky #FedSky
fedinprint.org
Chicken or egg? Price puzzle solved! 🥚 FRED data cracks the case: the egg comes first. #Economics #FRED #Data #EconSky #FinSky
fred.stlouisfed.org/graph/?g=1ElJV
fred.stlouisfed.org/graph/?g=1ElJV
March 10, 2025 at 4:47 PM
Chicken or egg? Price puzzle solved! 🥚 FRED data cracks the case: the egg comes first. #Economics #FRED #Data #EconSky #FinSky
fred.stlouisfed.org/graph/?g=1ElJV
fred.stlouisfed.org/graph/?g=1ElJV
Reposted by Carlos Garriga
10 year ago, Oli Coibion ( @empctmacrotx.bsky.social ) and I had a paper in AEJ Macro about inflation expectations in the U.S. (www.aeaweb.org/articles?id=...). We found that oil/gasoline prices strongly predict inflation expectations. This "iron law" continues to hold.
#inflation #EconSky
#inflation #EconSky
March 9, 2025 at 9:30 PM
10 year ago, Oli Coibion ( @empctmacrotx.bsky.social ) and I had a paper in AEJ Macro about inflation expectations in the U.S. (www.aeaweb.org/articles?id=...). We found that oil/gasoline prices strongly predict inflation expectations. This "iron law" continues to hold.
#inflation #EconSky
#inflation #EconSky
If you want to learn more about monetary policy uncertainty, take a look at this index by @nickbloom.bsky.social and coauthors.
#EconSky #FinSky
fred.stlouisfed.org/series/EPUMO...
#EconSky #FinSky
fred.stlouisfed.org/series/EPUMO...
Economic Policy Uncertainty Index: Categorical Index: Monetary policy
Economic Policy Uncertainty Index: Categorical Index: Monetary policy
fred.stlouisfed.org
March 9, 2025 at 4:39 PM
If you want to learn more about monetary policy uncertainty, take a look at this index by @nickbloom.bsky.social and coauthors.
#EconSky #FinSky
fred.stlouisfed.org/series/EPUMO...
#EconSky #FinSky
fred.stlouisfed.org/series/EPUMO...
FRED has a great collection of uncertainty indices.
#EconSky #FinSky
fred.stlouisfed.org/graph/?g=1EfVX
#EconSky #FinSky
fred.stlouisfed.org/graph/?g=1EfVX
Economic Policy Uncertainty Index for United States | FRED | St. Louis Fed
Graph and download economic data for Economic Policy Uncertainty Index for United States from 1985-01-01 to 2025-03-06 about uncertainty, academic data, indexes, and USA.
fred.stlouisfed.org
March 9, 2025 at 2:41 AM
FRED has a great collection of uncertainty indices.
#EconSky #FinSky
fred.stlouisfed.org/graph/?g=1EfVX
#EconSky #FinSky
fred.stlouisfed.org/graph/?g=1EfVX
Here's part 2 of Fernando Martin's story about pandemic inflation. The answer's in the title, and you probably won't be surprised. You should also check his more technical piece with our former colleague David Andolfatto.
#EconSky #FinSky
www.stlouisfed.org/on-the-econo...
#EconSky #FinSky
www.stlouisfed.org/on-the-econo...
The Fiscal Origin of the COVID-19 Price Surge
This analysis examines the role that deficit financing, which was used to pay for federal COVID-19 assistance, may have played in recent inflation.
www.stlouisfed.org
March 7, 2025 at 12:59 AM
Here's part 2 of Fernando Martin's story about pandemic inflation. The answer's in the title, and you probably won't be surprised. You should also check his more technical piece with our former colleague David Andolfatto.
#EconSky #FinSky
www.stlouisfed.org/on-the-econo...
#EconSky #FinSky
www.stlouisfed.org/on-the-econo...
How prevalent are workers who hold more than one job, and how have their labor market outcomes changed over the past 30 years? Check by post with Serdar Brink. We look at the state of “overemployment” and the characteristics of multiple job holders: www.stlouisfed.org/on-the-econo...
#EconSky
#EconSky
March 5, 2025 at 3:58 AM
How prevalent are workers who hold more than one job, and how have their labor market outcomes changed over the past 30 years? Check by post with Serdar Brink. We look at the state of “overemployment” and the characteristics of multiple job holders: www.stlouisfed.org/on-the-econo...
#EconSky
#EconSky
Asimov's final question: a perfect parable of reflexivity. By the time you grasp the answer, it's obsolete. The infinite loop of knowledge, chasing its own tail. A beautiful, haunting paradox. #Asimov #Reflexivity #EconSky #Paradox #Philosophy #SciFi
en.m.wikipedia.org/wiki/The_Las...
en.m.wikipedia.org/wiki/The_Las...
The Last Question - Wikipedia
en.m.wikipedia.org
March 1, 2025 at 2:53 PM
Asimov's final question: a perfect parable of reflexivity. By the time you grasp the answer, it's obsolete. The infinite loop of knowledge, chasing its own tail. A beautiful, haunting paradox. #Asimov #Reflexivity #EconSky #Paradox #Philosophy #SciFi
en.m.wikipedia.org/wiki/The_Las...
en.m.wikipedia.org/wiki/The_Las...
Speechless. I cannot believe what I have witnessed today.
March 1, 2025 at 2:19 AM
Speechless. I cannot believe what I have witnessed today.