Andrea P Ferrero 🇮🇹🇪🇺🇺🇦

Second edition of the Oxford Economics Summer School in September 2022. Expanded selection of courses, now including two econometrics and two applied micro options. A great opportunity to learn state-of-the-art topics and techniques and spend a week in Oxford

Industrial policies (IPs) are rarely connected to global imbalances. Yet, IPs are a key feature of many surplus countries. This new paper tackles three questions: Can IPs shape global imbalances? What are the spillovers to deficit countries? What policy responses are available?

@RiccardoTrezzi Parli gia' da vero dirigente PD

@RiccardoTrezzi Io te l’ho proposto lo slogan vincente ma tu non mi hai preso sul serio 🤷🏻‍♂️

@manax2 @DAcemogluMIT Yes, I understand. But total nonfarm employment in the US today is 160 mil, so manufacturing is approx 16 mil. And not all of them are “working class”. Still a long way to go to account for 75 mil votes.

@APFerrero @DAcemogluMIT Like farmers before, as their numbers shrinks they start voting as a more unified block.

This is a repost of my original thread about Trump's election, which has since disappeared. This time I am reposting it is a single message. I feel anxious and saddened by Trump’s election. Years of turmoil and uncertainty await us. I have also come to believe that this is not Trump’s win. It is the Democrats who have lost this election. This is not because Biden stayed on as a candidate despite his age. It is not because Kamala Harris is not qualified (I believe she’s amply qualified). It is because of Democrats’ campaign. Dems have been losing the American workers and did nothing to regain them in this election. Dems have ceased to be the workers’ party long ago, owing to their support for digital disruption, globalization, large immigrant flows, and “woke” ideas. The transformation is really striking, as I have argued before: now it is the highly educated, not manual workers that vote for Democrats, and if the center-left does not become more pro-worker, it and democracy will suffer: project-syndicate.org/commentary/tru… For a while it looked like Dems could still win elections with support from Silicon Valley, minorities, some portions of organized labor and the professional class in large cities. But this was never a healthy coalition, and even organized labor wasn’t going to remain faithful for long. This coalition made Dems increasingly alienated from workers and the middle class in much of the country, especially in smaller cities and the South. The message was loud and clear in 2016, and all of the soul-searching that followed was healthy. It was part of the reason why Biden adopted a pro-worker industrial strategy. Biden’s economy delivered for the working class in terms of jobs and strengthening the industrial base of the country. Wages at the bottom rose rapidly. Policy started moving towards the views of the American workers on immigration, protectionism, support for unions and public investment. And yet, I fear that Dem activists and the establishment never fully internalized the woes of the workers and never made enough of an effort to bring them back to the fold. They sounded distant and detached. My test is the following: if stranded in an unknown city, would a Dem elite (typically a professional or bureaucrat from a coastal city, with postgraduate education) prefer to spend the next four hours talking to an American worker with a high school degree from the Midwest? Or would he or she prefer to spend it with a professional with postgraduate education from Mexico, China or Indonesia? Or name your country? I asked this question to colleagues and friends, they all think is the latter --- as do I. Most Dem elites are now alienated from American workers. It seemed at first that Harris-Walz may try to change that, emphasizing bolstering up the middle class and patriotism, in an effort to appeal to the working class deserting the party. A true effort in that direction would have been commendable, and if credible, perhaps win the election. But at the end, the campaign focused on abortion and other issues appealing to the base. The main effort to broaden the base came from using Liz Cheney to appeal to suburban women ­--- on abortion. Of course, abortion is a critical issue. But focusing on it was never going to win the working class, and certainly not the working-class men. On the economy, Dems can talk about opportunity and jobs (which they need to do). But they never distanced themselves from the Silicon Valley and the global business elite (but ironically, Silicon Valley started leaving them!) I fear that, now, Trump and Vance’s Republican Party will be the main home for workers, especially manufacturing workers and those in smaller cities. I am saddened and fearful for the United States, and I am deeply saddened about the Democratic Party --- unless this time it gets the message can truly change. This is not just essential for the Democratic Party but for US democracy, which needs to refocus more on egalitarianism and voice for everybody, as I have argued recently: project-syndicate.org/commentary/us-… and nytimes.com/2024/07/19/opi… What is tragic is that Biden’s agenda had started paying off for workers already (and also proving that it was possible to adopt policies that would help workers and disproving the claim that globalization and inequality were acts of nature that could not be influenced). What is even more tragic is that the Trump-Vance policies are likely going to be for the plutocrats and not for the American workers. I will write separately on my views of what to expect from Trump’s policies in the next thread and follow that up with another one on what this presidency might mean for the world.

@RiccardoTrezzi Breve, chiaro e diretto

@RiccardoTrezzi Il liberismo è di sinistra

@spike_sr71 @emanuelefelice2 Per non parlare di un pacchetto fiscale post-Covid molto generoso che ha fatto salire il debito in maniera vertiginosa.

@emanuelefelice2 e quando impareremo a separare i propri desiderata dalle analisi delle elezioni? Ha vinto Trump, appoggiato da uno degli uomini più ricchi del mondo con una piattaforma elettorale reazionaria. Hanno chiesto il muro al confine non la sanità statale. Purtroppo.

La lezione di Trump è, purtroppo, la stessa che si ripete da anni (anzi, da un secolo). O facciamo politiche economiche davvero di sinistra, contro le disuguaglianze e a favore dei lavoratori, o la nostra stessa libertà, la democrazia liberale, è a rischio. Quando lo impareremo?

@Marco_Rogerio_ Non solo perdere. Sembravano dei fenomeni. Per questo non penso sia solo colpa di Danilo (per quanto impresentabile). Ci hanno messo sotto per tutta la partita.

@albertobisin Hyperplanes are for boomers 😉

It is reassuring that my first year PhD students - who normally in the 5 min intermission of class exchange ideas about supporting hyperplanes - today were talking about the election!

Map of languages in Italy with their respective dialects

@elonmusk No, he's exposing your hypocrisy.

So NOW he cares about illegals 🤣🤣

Join us! We are seeking an Associate Professor in Development Economics. Ideal for those passionate about impactful research and inspiring teaching, with a commitment to diversity and excellence. Deadline: 29 Nov 2024 Learn more: bit.ly/4fiFcxO #OxfordEconomics

Geppi Cucciari alla premiazione Festa del Cinema di Roma "gioioso approssimarsi dell'ora del desio...soffio vitale che spira aurora...spirito dell'acqua, ma soprattutto del vino...scusate, per errore mi han dato il discorso di un altro" Geppi ti amo #RoFF19 #GeppiCucciari #Giuli

@BalgovaMaria @bankofengland Congratulations! I was wondering why I saw you there 🤔

A few months ago, I've joined @bankofengland as a Researcher, and I couldn't be happier. If you're on the market - or just curious about working as a researcher in a central bank - join the Q&A session about the PhD Research Programme on October 23: eventsforce.net/bankofengland/…

I signed this open letter

This is hilarious! 😂

@lugaricano I'm very interested in reading the article but I'm having troubles accessing the website. Will you post a copy on your page? Thanks.

Can Europe match the US in paying top academics? Why is it so hard for continental Europe to build world-class universities? In today's piece on Silicon Continent, I explore funding, academic excellence, and how to ensure Europe can compete in research. siliconcontinent.com/p/can-europe-p…

@t_holden Congratulations! Very nice paper

Not something I ever imagined I'd see!

@morningphobias @emaxstatman 11 December 2024, Turin

@emaxstatman would like to see him someday go against Haaland

He was criticized for his abilities on ball which is improving day by day. He is already up there with the best defenders in the world, and the best in Serie A now. twitter.com/ZEBIMEDIAA/sta…