Manoel Bittencourt

Has the South African Reserve Bank gone rogue? Last week Friday something unprecedented happened in the macroeconomic policy framework of South Africa.

open.substack.com/pub/heteroge...

📢Monetary policy, coordination failures, institutions, Lucas critique & dynamic inconsistency in South Africa.

The @SAReserveBank has been rebuked by the @Treasury_RSA.

👉#econsky👇

Central Bank Autonomy as a Civilizational Achievement: the Brazilian Case Worse than inflation, only civil war – this is a very common phrase informally used in economics departments of major universities around the world to reflect the scientific consensus on how essential...

heterogeneousagents.substack.com/p/central-ba...

🚨In times of central bank independence uncertainty,
@Elmauer1 makes a compelling case for central bank independence certainty. It's a "civilizational achievement".

🧵Link to the article in the comments below. 👉#econsky👇

👇👇

🚨it was bound to happen, the @TreasuryRSA has officially rebuked the @SAReserveBank for "unilateral announcements" on the 'new' inflation target.

the SARB ignored Lucas, & Kydland & Prescott, no small feat. #econsky

Distributive Considerations on Fiscal Policy The essence of modern welfare theory has been to define economic efficiency in terms that exclude distributive considerations.” (Musgrave & Musgrave, 1989, p.

open.substack.com/pub/heteroge...

📈article by @BenitoSalomao on pros & cons of fiscal rules in Brazil

🚨fiscal rules should take in consideration public goods provision & redistribution in democracies

🧵link to article in comments👇

#econsky

Absolutely!

Is the South African young democracy breeding its own support? Let's look at the data

heterogeneousagents.substack.com/p/is-the-sou...

📈Is the South African young democracy breeding its own support?

🚨To answer this question we need to stand on the shoulders of giants & look at the data.

🧵Link to the article is on the comments below. #econsky👇

Heterogeneous Agents | Substack The agents do macroeconomics - growth, monetary and fiscal - and political economics, mostly from a developing-country perspective. Click to read Heterogeneous Agents, a Substack publication. Launched...

heterogeneousagents.substack.com

Heterogeneous Agents | Substack The agents do macroeconomics - growth, monetary and fiscal - and political economics, mostly from a developing-country perspective. Click to read Heterogeneous Agents, a Substack publication. Launched...

heterogeneousagents.substack.com

📢Heterogenous Agents with Benito Salomao & Douglas Elmauer is on. Our goal is to make macro & political economics accessible. No inside ball. Just good analysis. We cover a range of topics from growth, monetary & fiscal policies, to the role of political economics in policy implementation.👇

A cool paper by @dacemoglumit.bsky.social, Ajzenman, Aksoy, Fiszbein & Molina on how democracies breed their own support. It made me think about some young democracies around the world. #econsky 👇https://substack.com/@heterogeneousagents/note/c-138207453

Lectures Below you find lecture notes on macroeconomics, political economics, panel data and research methods.

📈See the lecture notes for a guest lecture I gave @ UPretoria on (fiscal) austerity, autocracy (consolidation) & (successful) democracies. SAn data on growth, governance and support for democracy was also discussed.👉 #econsky👇 heterogeneousagents.substack.com/p/lecture-no...

📉 Is it lack of economic literacy, or just ideological propaganda? | Manoel Bittencourt 📉 Is it lack of economic literacy, or just ideological propaganda? Some students sent me an article by Shaun Jacobs published in the Daily Investor on a "miracle" to take place in South Afri...

📢 ICYMI: on the importance of economic literacy in South Africa. #econsky👇👇
www.linkedin.com/posts/manoel...

Was 'taken' to this 'place' by Madame, perfect location, perfect beer..

Great read 👇👇

You will be just fine, what can possibly go wrong? Enjoy it!

Find me on LinkedIn #econsky👇👇
www.linkedin.com/in/manoel-bi...

📽️ The most ambitious of the three. A tale of settlers, bandits, no rule of law, civil war & nation building. The last 20 minutes are riveting. Leone & Morricone! 👇👇

Have a great Friday afternoon everyone!

🚨 Has the South African Reserve Bank gone rogue? | Manoel Bittencourt 🚨 Has the South African Reserve Bank gone rogue? (1/n) The SARB governor, Lesetja Kganyago, has been publicly advocating for a lower inflation target, and he has been doing that for quite some time n...

🚨 ICYMI: on communication between SAn Reserve Bank and National Treasury on inflation target, central bank independence, economic research and policy. #econsky👇👇
www.linkedin.com/posts/manoel...

Great Thursday afternoon everyone!

📉Has the South African Reserve Bank gone rogue? | Manoel Bittencourt 📉Has the South African Reserve Bank gone rogue? (2/n) From a purely macroeconomic and research governance perspective - so important for monetary policy - the SARB has been making a number of mistakes...

📢 ICYMI: a bit on communication, economic analysis and research governance used by the SA Reserve Bank 👉 #econsky 👇
www.linkedin.com/posts/manoel...

📉 Has the South African Reserve Bank gone rogue? | Manoel Bittencourt 📉 Has the South African Reserve Bank gone rogue? (3/n) In addition to concerns raised by independent macroeconomists wrt its communication strategy, quality of its research department and of its thin...

📢 ICYMI a bit on the institutional consequences of the SA reserve bank interfering with an appointment in Absa SA. #econsky 👇👇
www.linkedin.com/posts/manoel...

Was reading some fables and this one brought causation to mind.. #econsky 👇👇

Yet another tale of no government, no state capacity, bandits, bandoleros, no rule of law and stagnation. Leone and Morricone are genius. #econsky 👇👇

A tale of no government, no state capacity, no rule of law, bandits and stagnation. Leone and Morricone are genius. #econsky 👇👇