The heterogeneous impact of European Central Bank asset price surprises on corporate liquidity demand - Marzinotto - Economica - Wiley Online Library onlinelibrary.wiley.com/doi/full/10....
19.01.2026 17:30 β π 0 π 0 π¬ 0 π 0@bmarzi.bsky.social
Main - University of Udine Visiting Professor - College of Europe Adjunct Lecturer - Johns Hopkins SAIS ex EUI | ex European Commission | ex Bruegel
The heterogeneous impact of European Central Bank asset price surprises on corporate liquidity demand - Marzinotto - Economica - Wiley Online Library onlinelibrary.wiley.com/doi/full/10....
19.01.2026 17:30 β π 0 π 0 π¬ 0 π 0π’ Save the date: Wie kΓΆnnen Europas Haushalte zukunftsfΓ€hig und krisenresistent gestaltet werden? #ZEW Lunch Debate am 13. November 2025 in BrΓΌssel mit Zsolt Darvas @bruegel.org, @bmarzi.bsky.social, Andreas Schwarz @ec.europa.eu sowie ZEW-Γkonom Friedrich Heinemann.
www.zew.de/VA4720-1/?tw...
Does changing the trade regime change the dollar regime? Our answer is sadly yes @piie.com
New Video four independent lines of argument by @markusbrunner.bsky.social @warwickmck.bsky.social Obstfeld and me
We are seeing a step-change down in dollar centrality
www.piie.com/events/2025/...
The China consumption shock!
24.04.2025 12:46 β π 0 π 0 π¬ 0 π 0Trade shocks and relative consumption: why the European middle class is turning far right: Review of International Political Economy: Vol 0, No 0 - Get Access www.tandfonline.com/doi/full/10....
24.04.2025 12:46 β π 0 π 0 π¬ 1 π 0Our modelling of 25% tariffs on the EU shows that such tariffs would backfire on the US, pushing up prices & slowing economic growth. Thatβs before likely EU retaliation.
And it would likely have little impact on the global US trade deficit.
The literature on the economic origins of political radicalism revolves largely around the βChina shockβ. Yet, trade not only causes shifts in the labour market but can also affect living standards via the expenditure channel. This column shows that the relative consumption loss of the European middle classes, who benefit less than low-income consumers from cheap imports from China, and the associated perceived risk of societal decline can explain the large success of right-wing political radicalism in the last three decades, above and beyond standard effects on the supply side.
Post- #China shock relative consumption loss of the European middle classes and the associated perceived risk of societal decline can explain the large success of #right-wing political radicalism in the last three decades.
@bmarzi.bsky.social
cepr.org/voxeu/column...
#EconSky
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journals.sagepub.com/doi/abs/10.1...
Forthcoming in AEJ: Macroeconomics: "βLess is Moreβ: Consumer Spending and the Size of Economic Stimulus Payments" by Michele Andreolli and Paolo Surico. www.aeaweb.org/articles?id=...
27.11.2024 14:39 β π 8 π 3 π¬ 0 π 0Unique opportunity!!!
25.11.2024 14:35 β π 0 π 1 π¬ 0 π 0A new stylized fact about firm growth: The shift from labor to intermediate inputs reflects high substitution elasticity and monopsony and pushes down the labor share, from Matthias Mertens and Benjamin Schoefer https://www.nber.org/papers/w33172
24.11.2024 16:00 β π 11 π 6 π¬ 1 π 0Forthcoming in the AER: "Internationalizing Like China" by Christopher Clayton, Amanda Dos Santos, Matteo Maggiori, and Jesse Schreger. www.aeaweb.org/articles?id=...
22.11.2024 14:49 β π 2 π 2 π¬ 0 π 0