Month: April 2025

I read this new paper titled “Climate Minsky moments and endogenous financial crises” by the Bundesbank’s Kaldorf & Rottner suggests that indeed, a rapid green transition may be a source of instability in the financial system. But long-term, climate policy might make finance more stable. In this note I ask what happens if the model…

I provided some comments on the end to de-minimis shipments to the US amidst recent announcements by Temu and Shein that would suggest notable price rises for US consumers due to the ongoing trade dispute between China and the US. I was quoted in this Newsweek piece. In my broader comments I added a few…

I am aware that I have shared some reflections on the tension between fiscal- and monetary over the past few years, usually in our Friday’s Beers and Plots series. At this series I share some reflections and we discuss the broader global and local developments in a group of academics, economists and policy folks. One…

Trump is putting China in an impossible situation. I fear that Chinese pride, due Trumps particular choice of rhetoric, will  be making it very difficult for China to navigate the situation in a face saving way. Why am I worried? Well, I think pride did get in the way before. Looking back at the pandemic.…

As I posted elsewhere (here and here) and before: Reducing the investibility of the US diminishes financial inflows domestically. Meanwhile, massive debt issuance in the EU—targeted at funding external security, climate action, and infrastructure—is building more liquid debt markets. Declining commodity prices could further lead to more debt issuance in other emerging market economies. This…

We are super happy to announce that the project on Political Expression of Academics on Social Media has been accepted for publication at Nature Human Behavior — you can read a bit about the project on academicexpression.online. As part of this publication process we were asked to write a bit about the background of this…