Alessandro Merli
@merlialess.bsky.social
Associate fellow, Johns Hopkins University SAIS Europe. Former London, Frankfurt correspondent, ECB watcher at Sole 24 Ore. Columnist, Tennis Italiano
Reposted by Alessandro Merli
MIT holds the line bsky.app/profile/dyna...
October 10, 2025 at 5:42 PM
MIT holds the line bsky.app/profile/dyna...
Reposted by Alessandro Merli
My Trade Secrets today. Trump has annoyed farmers by provoking China to block their exports while bailing out Argentina, home of their rivals.
Are the farmers right to feel betrayed? Is a pitchfork rebellion against his tariffs coming? Will farm country turn against Trump?
Answers: no, no and no.
Are the farmers right to feel betrayed? Is a pitchfork rebellion against his tariffs coming? Will farm country turn against Trump?
Answers: no, no and no.
Don’t expect a farmers’ revolt to moderate Trump’s tariff campaign
[FREE TO READ] US agricultural exporters could see the trade war coming — and voted for him anyway
on.ft.com
October 6, 2025 at 2:18 PM
My Trade Secrets today. Trump has annoyed farmers by provoking China to block their exports while bailing out Argentina, home of their rivals.
Are the farmers right to feel betrayed? Is a pitchfork rebellion against his tariffs coming? Will farm country turn against Trump?
Answers: no, no and no.
Are the farmers right to feel betrayed? Is a pitchfork rebellion against his tariffs coming? Will farm country turn against Trump?
Answers: no, no and no.
Reposted by Alessandro Merli
As it did in 2018, the White House plans to dole out relief funds to struggling U.S. farmers who have lost their biggest customer, China, because of steep tariffs imposed by the Trump administration.
Trump to Unveil Farmer Aid as China Shuns U.S. Crops
As it did in 2018, the White House plans to dole out relief funds to struggling U.S. farmers who have lost their biggest customer.
nyti.ms
October 7, 2025 at 4:55 PM
As it did in 2018, the White House plans to dole out relief funds to struggling U.S. farmers who have lost their biggest customer, China, because of steep tariffs imposed by the Trump administration.
So is the US economy "phenomenal" (Trump) and weak hiring data for July were "rigged" or is the labor market about to fall off a cliff and the US is in need of a massive rate cut?https://www.ft.com/content/d8953f37-2bb1-4272-a24e-dbf0a02ee4f0
August 29, 2025 at 2:36 PM
So is the US economy "phenomenal" (Trump) and weak hiring data for July were "rigged" or is the labor market about to fall off a cliff and the US is in need of a massive rate cut?https://www.ft.com/content/d8953f37-2bb1-4272-a24e-dbf0a02ee4f0
Reposted by Alessandro Merli
Fact check: absolutely true.
Brazil offers a lesson in democracy to an America that is becoming more corrupt, protectionist and authoritarian econ.st/4peBqLR
August 28, 2025 at 1:15 PM
Fact check: absolutely true.
Let them eat Wisconsin cheese. www.ft.com/content/cf57...
Italy balks at US double cheese tariff
Rome complains about some of its Parmesan exports being hit with a 30% rate
www.ft.com
August 28, 2025 at 2:12 PM
Let them eat Wisconsin cheese. www.ft.com/content/cf57...
It was not so long ago that central bankers were "the only game in town"
August 22, 2025 at 6:42 PM
It was not so long ago that central bankers were "the only game in town"
Reposted by Alessandro Merli
Details and FAQ on new Fed framework www.federalreserve.gov/monetarypoli...
Q&As
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
August 22, 2025 at 5:57 PM
Details and FAQ on new Fed framework www.federalreserve.gov/monetarypoli...
Reposted by Alessandro Merli
shapingwork.mit.edu/careers/Great opportunity to work with Daron Acemoglu David Autor, for a Predoctoral position, MIT
👇👇👇
shapingwork.mit.edu/careers/jame...
Want to work with us? We're hiring for Predoctoral Researcher positions to work with @DAcemogluMIT, @davidautor, and @baselinescene.
👇👇👇
shapingwork.mit.edu/careers/jame...
Want to work with us? We're hiring for Predoctoral Researcher positions to work with @DAcemogluMIT, @davidautor, and @baselinescene.
Job Positions Archive - Massachusetts Institute of Technology
shapingwork.mit.edu
August 14, 2025 at 9:03 PM
shapingwork.mit.edu/careers/Great opportunity to work with Daron Acemoglu David Autor, for a Predoctoral position, MIT
👇👇👇
shapingwork.mit.edu/careers/jame...
Want to work with us? We're hiring for Predoctoral Researcher positions to work with @DAcemogluMIT, @davidautor, and @baselinescene.
👇👇👇
shapingwork.mit.edu/careers/jame...
Want to work with us? We're hiring for Predoctoral Researcher positions to work with @DAcemogluMIT, @davidautor, and @baselinescene.
Reposted by Alessandro Merli
Firing the BLS Commissioner because you don't like the data is a dark day.
August 1, 2025 at 6:24 PM
Firing the BLS Commissioner because you don't like the data is a dark day.
Echoes of the Kirchners. What next? Default?
The speed with which the US is going full Peronist is nothing short of breathtaking.
Breaking News: President Trump moved to fire the official in charge of jobs data, claiming, without evidence, that labor numbers were being “manipulated.”
August 1, 2025 at 7:57 PM
Echoes of the Kirchners. What next? Default?
Reposted by Alessandro Merli
Trump orders firing of BLS commissioner after dismal employment report reut.rs/3HcwBRT
Trump orders firing of BLS commissioner after dismal employment report
U.S President Donald Trump on Friday ordered that the commissioner of the Labor Department's Bureau of Labor Statistics Erika McEntarfer be fired after data showed weaker than expected employment growth in July and massive downward revisions to the prior two months' job counts.
reut.rs
August 1, 2025 at 7:35 PM
Trump orders firing of BLS commissioner after dismal employment report reut.rs/3HcwBRT
Reposted by Alessandro Merli
Dollar keeps losing market share but euro is no winner either: ECB study reut.rs/3HD6bsw
Dollar keeps losing market share but euro is no winner either: ECB study
The dollar continued to lose market share last year as the world's dominant currency but mostly smaller rivals and gold benefited rather than the euro, which aspires to fill any void left by receding confidence in the greenback, an ECB report showed.
reut.rs
June 11, 2025 at 8:50 AM
Dollar keeps losing market share but euro is no winner either: ECB study reut.rs/3HD6bsw
Europe is often criticized for its overregulation of innovative companies and the lack of capital available to them. However, several success stories show that innovation can be done in Europe, as I write in an article for the IMF magazine, F&D. @pgourinchas.bsky.social bipr.jhu.edu/newsandviews...
BIPR
The Bologna Institute for Policy Research
bipr.jhu.edu
June 10, 2025 at 2:34 PM
Europe is often criticized for its overregulation of innovative companies and the lack of capital available to them. However, several success stories show that innovation can be done in Europe, as I write in an article for the IMF magazine, F&D. @pgourinchas.bsky.social bipr.jhu.edu/newsandviews...
Reposted by Alessandro Merli
Has the G-7 outlived its purpose? Fifty years after its first meeting, the group of nations is struggling to realize its political and economic ambitions.
Can the G-7 Survive Vladimir Putin and Donald Trump?
Fifty years after the first gathering of leading industrial nations, the Group of Seven is seeing its political and economic ambitions languish.
bloom.bg
June 7, 2025 at 5:05 PM
Has the G-7 outlived its purpose? Fifty years after its first meeting, the group of nations is struggling to realize its political and economic ambitions.
Stifled by overregulation and lack of capital, Europe's innovation scene is actually alive and stirring. "Europe's innovators are waking up", my article for the IMF's Finance & Development magazine, tells quite a few success stories.
www.imf.org/en/Publicati...
www.imf.org/en/Publicati...
Europe’s Innovators Are Waking Up
The continent’s innovation success stories and renewed sense of purpose defy criticism of overregulation
www.imf.org
June 3, 2025 at 5:12 PM
Stifled by overregulation and lack of capital, Europe's innovation scene is actually alive and stirring. "Europe's innovators are waking up", my article for the IMF's Finance & Development magazine, tells quite a few success stories.
www.imf.org/en/Publicati...
www.imf.org/en/Publicati...
A wonderful memory of Stan Fischer being warmly greeted by his disciple and friend Mario Draghi at the @ecb.europa.eu Central Banking Forum in Sintra. Central-bank watcher watching at the back
June 2, 2025 at 10:45 AM
A wonderful memory of Stan Fischer being warmly greeted by his disciple and friend Mario Draghi at the @ecb.europa.eu Central Banking Forum in Sintra. Central-bank watcher watching at the back
Olivier Blanchard and Angel Ubide on the need for Eurobonds. Now, let the "frugals" argue against it.
A simple, radical proposal by Olivier #Blanchard and Angel #Unide for creating a large, liquid eurobonds market. This would lift a key obstacle to the emergence of the euro as a major international currency and would help create an alternative to the dollar. www.piie.com/blogs/realti...
Now is the time for Eurobonds: A specific proposal
Given the new geopolitical environment, there is wide agreement that Europe needs to achieve strategic autonomy. Autonomy has many dimensions. The most obvious today is military autonomy, building a s...
www.piie.com
June 2, 2025 at 8:08 AM
Olivier Blanchard and Angel Ubide on the need for Eurobonds. Now, let the "frugals" argue against it.
"Stan the Man" A giant of economics and policymaking, a wonderful person.
How sad, I studied undegrad macro with Dornbusch-Fischer and grad macro with Blanchard-Fischer
RIP Stan Fischer. on.ft.com/3SvxDKL
June 2, 2025 at 7:58 AM
"Stan the Man" A giant of economics and policymaking, a wonderful person.
Reposted by Alessandro Merli
Draft of Trump budget for FY26: Money for the Head Start program, which provides early child care and education for low-income families, would be eliminated. via www.washingtonpost.com/health/2025/...
Internal budget document reveals extent of Trump’s proposed health cuts
HHS would be asked to absorb a $40 billion cut, about one-third of its discretionary budget.
www.washingtonpost.com
April 17, 2025 at 1:51 PM
Draft of Trump budget for FY26: Money for the Head Start program, which provides early child care and education for low-income families, would be eliminated. via www.washingtonpost.com/health/2025/...
Reposted by Alessandro Merli
Richmond Fed econs not mincing any words: "Tariffs are taxes imposed by a government on imported goods...The new measures targeting Canada, Mexico, the EU and automobiles threaten widespread disruptions across key U.S. industries."
Tariffs: Estimating the Economic Impact of the 2025 Measures and Proposals
Calculating the average effective tariff rate can help assess the impact of the proposed tariffs.
www.richmondfed.org
April 2, 2025 at 6:21 PM
Richmond Fed econs not mincing any words: "Tariffs are taxes imposed by a government on imported goods...The new measures targeting Canada, Mexico, the EU and automobiles threaten widespread disruptions across key U.S. industries."
"A stupid person is a person who causes losses to another person or to a group of persons while himself deriving no gain and even possibly incurring losses." The 3rd (and golden) basic law of human stupidity, by economic historian Carlo M. Cipolla in his "The basic laws of human stupidity" (1976)
🚨 The stupidest chart you'll see today ... Trade tariffs by Dunning-Kruger
on.ft.com/3FTu2Dd
on.ft.com/3FTu2Dd
April 3, 2025 at 1:20 PM
"A stupid person is a person who causes losses to another person or to a group of persons while himself deriving no gain and even possibly incurring losses." The 3rd (and golden) basic law of human stupidity, by economic historian Carlo M. Cipolla in his "The basic laws of human stupidity" (1976)
Reposted by Alessandro Merli
For those listening to this rant, those numbers are not tariffs. The European Union, e.g., has weighted average tariff rates of ~ 3% and arguably lower on US goods. So they are clearly including VATs and who knows what else? This false reciprocity is nonsense. For more:
www.piie.com/blogs/realti...
www.piie.com/blogs/realti...
Reciprocity and discrimination: When are tariffs useful remedies?
The Trump administration has marked April 2 for its next big tariff announcement, one that it says is centered on countering unfair trade practices abroad and imposing reciprocal trade protection. The...
www.piie.com
April 2, 2025 at 8:33 PM
For those listening to this rant, those numbers are not tariffs. The European Union, e.g., has weighted average tariff rates of ~ 3% and arguably lower on US goods. So they are clearly including VATs and who knows what else? This false reciprocity is nonsense. For more:
www.piie.com/blogs/realti...
www.piie.com/blogs/realti...
Reposted by Alessandro Merli
I wrote this in July 2016
www.washingtonpost.com/opinions/glo...
www.washingtonpost.com/opinions/glo...
March 22, 2025 at 5:52 AM
I wrote this in July 2016
www.washingtonpost.com/opinions/glo...
www.washingtonpost.com/opinions/glo...
Reposted by Alessandro Merli
Novo elétrico low-cost da Volkswagen vai ser produzido em Palmela
Novo elétrico low-cost da Volkswagen vai ser produzido em Palmela
A escolha de Portugal para produzir o novo modelo elétrico da multinacional alemã foi comunicada oficialmente esta segunda-feira. Novo elétrico da VW deve custar cerca de 20 mil euros.
www.sapo.pt
March 10, 2025 at 9:22 PM
Novo elétrico low-cost da Volkswagen vai ser produzido em Palmela