We looked inside some of the tweets by @VMRConstancio and here's what we found interesting.
Inside 100 Tweets
Very pumped to share the new @PIIE Insider newsletter. It's much better than "Cats", more useful than duct tape, and more insight filled than any form of chicken soup. Seriously, please sign up and get the inside scoop on the world economy. https://clicks.piie.com/piie-insider-launch?utm_source=twitter&utm_medium=organic&utm_campaign=Insider-Campaign-2019&utm_term=fellows
Political support at the highest level is needed to achieve the objectives of the Capital Markets Union
Next week we are presenting a proposal for an action plan with @VMRConstancio, Paulina Dejmeck-Hack, @karel_lannoo and Apostolos Thomadakis #CMU
"Brexit will reduce red tape for businesses" 🤣🤣🤣 https://twitter.com/faisalislam/status/1174314083660816389
This chart shows the US has the weakest labor movement among the major industrial nation—Just 12% of US workers are covered by collective bargaining agreements. It's 98% in France, 80% in Italy, 56% in Germany, 30% in Canada, 26% in UK, 17% in Japan—90% in Sweden, 78% in Holland
It has been an astonishing failure of British statecraft
The most jaw-dropping revelation in David Cameron’s memoirs is an implicit admission that he didn’t understand how the EU works. Nor did May and nor does Johnson. Something has gone deeply awry with the British state. My latest. https://www.thetimes.co.uk/article/britain-s-leaders-did-not-understand-the-value-of-eu-rules-and-still-don-t-3vdjkz90t
In echoes to @VMRConstancio and @ojblanchard1's thoughts on macroeconomic models: "Forecasting and Policy Analysis with Semi-Structural Models"
Only 28 banks bidding in today's TLTRO-III.1.
TLTRO-II.4: 474 bidders
TLTRO-II.3: 200 bidders
TLTRO-II.2: 249 bidders
TLTRO-II.1: 514 bidders
Enough said! Rendez-vous in December. https://twitter.com/fwred/status/1174618115621236738
News⚡️: The @FT has a new column by @MESandbu about my paper on Wealth Taxes (@fatihguvenen @gkambourov @BKuruscu)
"wealth tax acts as capitalism’s handmaiden rewarding good entrepreneurs and punishing bad ones"
Trade growth, which had been the motor of the global recovery after the financial crisis has fallen from 5% in 2017 into negative territory now, Laurence Boone said. Trump did it https://oecdecoscope.blog/2019/09/19/growth-is-taking-a-dangerous-downward-turn/
Staggering change https://twitter.com/COdendahl/status/1174666490471206917
French Fin Min: We Need To Have Budget Policies That Can Take Up The Batton From Monetary Policy
Faut-il stimuler le crédit dans la zone euro?
Climate change is a permanent “bad time”, isn’t it? https://twitter.com/smerler/status/1171447343838711808
“..In addition to interest rates, a special role is given to housing and ﬁnancial wealth.”(a point I considered important). The 2 channels make ..”the model suitable to analyse the eﬀects of unconventional monetary policy measures such as asset purchases via the long-term rate”
“With a right balance between theoretical consistency and empirical ﬁt ..In the version reported .. the expectation formation is VAR-based.” “The new model provides an explicit role for the ﬁnancial sector, and a more realistic... monetary policy transmission mechanism.” 2/3
Congratulations to Matteo Ciccarelli and his team. With the ECB-BASE model, the ECB joins other CB in putting a semi-structural model at the center of the projections/policy analysis processes, like the FRB/US (FED), LENS (BoC) or MARTIN (BoAUT) models. 1/3
The ECB just published a wp on its new “semi-structural multi-country model of the euro area and of its ﬁve largest countries” which I strongly pushed for while in charge of Research at the ECB Board. https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2315~73e5b1c3cd.en.pdf
There isn't a compelling economic argument for allowing firms to book profits in (for example) Bermuda, when the actual content isn't created there (and the firms aren't selling to Bermuda's market).
#Podcast: Vítor Constâncio (@VMRConstancio), former Vice-President of the @ecb, addresses the reforms for deepening Europe's Economic and Monetary Union #EMU, the EU #policy toolkit in the event of a crisis, and the European #SafeAsset.