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engelcap.bsky.social
Chief Economist, ECB & Fed watcher, Engel Capital UK quantitative macro boutique. RT≠Endorsement. For expert commentary/enquiries/etc.: Direct DM
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#BoJ forced to slow down its tapering to support #JGB market may delay the rate hike further aliciagarciaherrero.substack.com/p/boj-forced...

Are we great yet?

New Dynare working paper by Stéphane Adjemian and Michel Juillard, which describes and evaluates the stochastic extended path method implemented in Dynare www.dynare.org/wp-repo/dyna...

I was deeply honored to meet President Zelensky via Zoom when he asked me to become an ambassador for UNITED24 to raise funds for surveillance drones. I'm proud to have walked this road with @u24.gov.ua to support the sovereign nation of 🇺🇦 & so grateful to all who have donated! 🙏❤️👍 #SlavaUkraine

Recession negative gdp

Conference board expectations index plummeted to 54.4 All eight states and the us are likely now in recession This is disastrous politically for Trump and GOP

Opening the week in #Asia for @BloombergTV with comments on #Fed, #Mar-a-Lago #Accord, #China and #trade war. Trump blinking first, in my view!. www.bloomberg.com/news/videos/...

The 4th Dynare Workshop for Advanced Users will take place in person from 17-19 September 2025 at the Joint Research Centre of the European Commission, Ispra (Italy). It aims at discussing experiences regarding advanced features and expert use of Dynare. www.dynare.org/events/dynar...

In case you missed it..

Good news for researchers - don't miss out! We just launched a pilot project @ecb.europa.eu to share anonymised data on bank balance sheets and interest rates for loans and deposits in the euro area. 1/2 www.ecb.europa.eu/press/pr/dat...

I cannot agree, as economists we never said that there will be a recession under Biden, a premise I professionally refuted. Many amongst us predicted a probability of a recession due to the monetary policy tightening by the Fed in its combat to bring inflation down to its 2% target, eg soft landing

The Heritage Foundation is now planning to destroy the EU - with the help of Polish and Hungarian partners vsquare.org/heritage-fou...

Mes réflexions pour Les Echo Investir : "J'interprète cela comme 'nous avons besoin de baisser les prix mais nous allons continuer d'exporter dans cet environnement déflationniste car la #Chine se doit d'exporter peu importe les droits de douane en place'. " investir.lesechos.fr/marches-indi...

Trump/Vance’s move away from Ukraine is not just revisionism. It is something more insidious—a calculated reprogramming of the public mind, where virtue is punished, loyalty is submission, and the greatest sin is defying the leader’s chosen reality. Reminds me of Silvio Berlusconi

It was a pleasure to welcome participants to our Annual Bank of England Agenda for Research Conference this week on the theme of “The Future of Central Bank Balance Sheet”. Thanks to the chairs, presenters, discussants & participants for attending! Programme: www.bankofengland.co.uk/-/media/boe/...

An excellent answer to the moron for POTUS who quite causally queried if Spain were a member of the BRICS. Insults thrown at the EU27 might be beyond insolent, yet fabricating another conspiracy on top of the existing pile of fatuous twists and lies is becoming odiously predictable

Yesterday I delivered a speech with the title “No longer convenient? Safe asset abundance and r*” at the @bankofengland.bsky.social's #2025BEARconference. Let me summarise the main messages in a 🧵. 1/16

I invite everyone to read Professor Krugman’s incredible substack, emphasising both the unworkability as well as the very pointlessness of the Concept-of-a-plan Administration, whose only victory has so far been to emerge as a monopolistic disinformation enterprise #paulkrugman

Trump's "plan" is both depraved and unworkable paulkrugman.substack.com/p/a-belgian-...

After today’s cognidiss festivities on Bloomberg, you’re missing on the “Resenting Europeans for dirisking from China and refusing to trade off their dependencies with the Chinese with freshly baked American ones! They dare hedging their loans to Ukraine! It’s all their fault!” Got you covered :)

As we can no longer be confident that our monetary policy is restrictive, the direction of travel is less clear, Executive Board member @isabelschnabel.bsky.social tells @financialtimes.com. We are nearing the point where we may need to pause or halt our rate cuts. www.ecb.europa.eu/press/inter/...

Windräder sind hässlich, Herr Merz? Also mir fallen da eine Menge hässlichere Dinge ein… und die sind auch noch schlecht für Umwelt- und Klima.

Updated estimates of the euro area natural interest rate remain broadly unchanged since the end of 2023 following a modest post-pandemic increase, our latest #EconomicBulletin finds. Read more here www.ecb.europa.eu/press/econom...

We got a message from the university to remove any use of the "DEI", "diversity", "equity", or "inclusion" from all public-facing documents. They said that even "biodiversity" is being flagged by the federal government. We live in the dumbest timeline.

SUNDAY'S FUNDAY QUIZ! I am in the UK to promote DreamWorks' critically-acclaimed new animated movie: THE [ ] ROBOT A) RILED B) CHILD C) REVILED D) MILD E) None of the above Answer: E It's actually The WILD Robot- wonderful for ALL ages & currently at 97% on Rotten Tomatoes!!! 👀 ♥️ 👍

Watch out for another trip back from Heathrow if Liz is voted in. Economics likes the devil it knows over a clueless amateur…. Plus this from sept 2 warning of what was coming three weeks later stupid blind bloody moron www.standard.co.uk/business/tim...

Out of sight, out of mind. I invite folks to try it and promise, he’ll start looking so small and insignificant