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by Philipp Heimberger

heimbergecon.bsky.social
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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by Philipp Heimberger — Reposted by Philipp Heimberger

heimbergecon.bsky.social
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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by Philipp Heimberger

heimbergecon.bsky.social
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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by Philipp Heimberger — Reposted by Philipp Heimberger, Francesco Saraceno

heimbergecon.bsky.social
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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by Philipp Heimberger — Reposted by Philipp Heimberger

heimbergecon.bsky.social
"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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by Philipp Heimberger — Reposted by Philipp Heimberger

heimbergecon.bsky.social
"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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by Philipp Heimberger

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

Full-access version: docs.iza.org/dp15878.pdf
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by Philipp Heimberger — Reposted by Philipp Heimberger

heimbergecon.bsky.social
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 Philipp Heimberger, Gabriel Felbermayr

wiiw.ac.at
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.ac.at
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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by Philipp Heimberger — Reposted by Philipp Heimberger

heimbergecon.bsky.social
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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by Philipp Heimberger — Reposted by Philipp Heimberger, Andrew Watt, Benjamin Braun , and 2 more

heimbergecon.bsky.social
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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by Philipp Heimberger

heimbergecon.bsky.social
I fear that the decline of reading will have disastrous societal consequences.
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by Philipp Heimberger

heimbergecon.bsky.social
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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by Philipp Heimberger — Reposted by Philipp Heimberger

heimbergecon.bsky.social
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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by Philipp Heimberger

heimbergecon.bsky.social
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
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by Philipp Heimberger

heimbergecon.bsky.social
China has replaced the EU as Russia’s main trading partner.
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by Philipp Heimberger

heimbergecon.bsky.social
Link to the papers: nber.org/conferences/...
Economics of Transformative AI Workshop, Fall 2025
nber.org
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by Philipp Heimberger

heimbergecon.bsky.social
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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by Philipp Heimberger

heimbergecon.bsky.social
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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by Philipp Heimberger — Reposted by Philipp Heimberger

heimbergecon.bsky.social
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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by Philipp Heimberger

heimbergecon.bsky.social
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
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by Philipp Heimberger — Reposted by Philipp Heimberger, Dirk Pilat, Samuel Bentolila , and 1 more

heimbergecon.bsky.social
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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by Philipp Heimberger

heimbergecon.bsky.social
Source: economy-finance.ec.europa.eu/document/dow...
economy-finance.ec.europa.eu
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by Philipp Heimberger — Reposted by Philipp Heimberger

heimbergecon.bsky.social
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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by Philipp Heimberger

heimbergecon.bsky.social
Source: docs.iza.org/dp17951.pdf
docs.iza.org
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by Philipp Heimberger — Reposted by Philipp Heimberger

heimbergecon.bsky.social
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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by Philipp Heimberger — Reposted by Philipp Heimberger

heimbergecon.bsky.social
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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by Philipp Heimberger — Reposted by Christian Chavagneux

heimbergecon.bsky.social
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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by Philipp Heimberger — Reposted by Philipp Heimberger

heimbergecon.bsky.social
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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