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angusarmstrong.bsky.social
Director of Rebuildingmacroeconomics.ac.uk and Research Professor at Institute for Global Prosperity, UCL.
20 posts 353 followers 257 following
Prolific Poster

Wonderful workshop @sfiscience.bsky.social on Structural Transformation in Complex Systems in energy transition.

Good news in the North-east! www.bbc.co.uk/news/article...

www.project-syndicate.org/commentary/m...

Great work by Lagakos, Michalopoulos, and Voth on personal narratives from 1930s to ask what gives people meaning. Work and community top the list. Neither enters economists' understanding of well-being directly. A big blind spot in how we evaluate policy impacts. www.dropbox.com/scl/fi/2ej7c...

It is difficult to listen to two US Presidents claiming credit for a ceasefire which could have happened long ago had they really wanted it.

My latest interview @bloomberglp.bsky.social Fed will hike in 2025H2 - unless Trump Admin overdoes tariffs and deportations to cause recession. More likely we get inflation from tax cuts, tariffs, and reduced migration. Thanks @ferrotv.bsky.social @lisaabramowicz.bsky.social x.com/bsurveillanc...

With higher gilt yields fuelling talk of the need for tighter fiscal policy, here's one I wrote earlier on how fiscal conservatism is in theory compatible with radical economic policy elsewhere: stumblingandmumbling.typepad.com/stumbling_an...

Uk yields have indeed risen since the Budget, but correlation is not causality. Consequences of Trump for UK may be more via financial transmission than commonly discussed channels.

Uk yields have indeed risen since the Budget, but correlation is not causality. Consequences of Trump for UK may be more via financial transmission than commonly discussed channels.

It’s impossible not to know what’s happening in Gaza. Article by two prominent Israeli economists Motty Perry and Ariel Rubinstein www.haaretz.com/opinion/2024...

Daily background noise. www.theguardian.com/world/2024/d...

After some MIT students publish an opinion piece in the campus paper criticizing a professor's work with the Israeli military, the paper stops publishing op-eds entirely. A perfect example of how campus speech works in 2024. mondoweiss.net/2024/12/desp...

NEW PAPER: The 2022 fossil fuel price jumps caused an oil and gas profit explosion. We show the US reaped the largest profit increase (USD 275bn) of any country. Big Oil claims this benefits the American people. In fact, 51% went to the richest 1%, only 1% to the bottom 50%. A 🧵

Our December Newsletter is here 👇 mailchi.mp/7c79c8a94177...

Our December Newsletter is here 👇 mailchi.mp/7c79c8a94177...

Very enjoyable and stimulating evening with @michael.muthukrishna.com discussing his great book ‘A Theory of Everyone’ at the inaugural IGP Book Club at The Gilded Acorn bookshop. Thank you Michael.

Very much looking forward to hosting this event!

Hi #EconSky, Not sure if the Starter Pack party's over, but I've made an Econ Starter Pack of Starter Packs! 😄 It's a work in progress, so I may have missed some. Let me know if there's anything to add—DMs are open! Thanks for support @economista.bsky.social! docs.google.com/spreadsheets...

10 Great Books on Institutions and Economics (Nobel Special) 1) Institutions, Institutional Change and Economic Performance - Douglass North A foundational work in institutional analysis, explaining institutions from first principles and explaining their development through time.

if you haven't already, it's well worth reading this piece by @isabellamweber.bsky.social on the politics of inflation and the need for a toolbox that contains more than just interest rate hikes: www.nytimes.com/2024/11/12/o...

Looking forward to reading this. As Peter Garber used to say, ratio of good banks to bad banks that have runs approaches zero.

Since I've been here for a while… here are some useful features on Bluesky that you might not have discovered yet! 🧵

I've written about the failure of the Harris campaign to take seriously Biden’s Rooseveltian promise of Big, transformative Government that won him the presidency, on Jake Sullivan advice www.theguardian.com/commentisfre...

!!! Seems like the Yi Peng 3 has been intercepted by Danish forces. defence24.com/armed-forces...

While the number of new businesses starting is worryingly low, high-growth businesses are bouncing back—creating jobs & boosting the economy. But the Competition and Markets Authority needs the tools to ensure big players don’t dominate unfairly. www.cityam.com/uk-business-...

From an old edition of Samuelson (11): ‘thus, we may be in a vicious circle where the accelerator principle and the multiplier interact to produce a cumulative deflationary or inflationary spiral’.

“Economics is thought endeavouring to understand a world of action based upon thought” - George Shackle.

Our November newsletter is here👇Please sign-up here www.rebuildingmacroeconomics.ac.uk/newsletter

Blog on productivity growth through knowledge creation and the importance of inclusive institutions for www.global-solutions-initiative.org ahead of @g20org #G20Summit t.co/OWyG4rgWVS Comments welcome!

Blog on productivity growth through knowledge creation and the importance of inclusive institutions for www.global-solutions-initiative.org ahead of @g20org #G20Summit t.co/OWyG4rgWVS Comments welcome!

Our November newsletter is here👇Please sign-up here www.rebuildingmacroeconomics.ac.uk/newsletter