Husnu C. Dalgic

In our paper, we argue that pure panic narrative of a financial crisis depends crucially on the nonexistence of outside capital. If people know that the run is due to pure panic, outside investors have a huge incentive to invest and make tons of money. onlinelibrary.wiley.com/doi/abs/10.111…

@AbdouNdiayeNYU Maşallah, Allah analı babalı büyütsün, ismi gibi olsun

Happy New Year 2026. Grateful to begin a new chapter with our newest arrival 👶🏾, under the theme of wisdom (حِكْمَة).

Our new paper online 👇🏽

@maxgoedl It requires a stable democracy. You'd build these institutions in 20 years and all it takes is one populist to demolish in one term

This speech on recent economic reforms in Sri Lanka is a fantastic crash course in macroeconomic stabilization. It's interesting how utterly conventional these reforms are: fiscal consolidation, inflation targeting, ending distortive subsidies. It works! youtube.com/watch?v=7DPhDH…

@maxgoedl @VARulle This is how I derive GDP equation in class, GDP = C^d + I^d + G^d +X^d C = C^d + C^m (...) GDP = C + I + G + X - (C^m + I^m + G^m + X^m) GDP = C + I + G + X - M

@VARulle I have argued for flipping the sign in the balance of payments: the trade balance should be M-X and GDP should be defined as value of final goods sold to domestic residents, ie C+I+G.

Y = C + I + G + X - M might well be the most dangerous equation ever published. Y is GDP. M are imports. There's a minus sign in front of M. And the current US president has the economic understanding of a brick. That's a really bad combination. 🫤

Cool paper from my coauthor 👇🏼

@maxgoedl Obvious policy implication

@HCD342 The science is clear: if you want to keep Nazis away from power, don’t build roads.

I find this sentence from the abstract highly problematic "infrastructure spending can raise support for autocracy" People like infrastructure and certainly it can also raise support for democracy. If anything, it should tempt politicians to invest more in housing and roads

@gp_mihalache "Giving people money makes them happy" Wow!

A new UBI experiment has come out. This time... it seems like it worked🧵

@dandolfa There could be an argument that chronic trade deficits are bad and need to be addressed but trying to close bilateral deficits with every single country is just nuts.

We can all agreed there are problems that need to be addressed. But where does this victimhood mentality come from? How has the US grown to be the most powerful country on the planet, if it has been so taken advantage of by other countries? There are better fixes.

@doruukkurt Enflasyon sorunu yok ülkede, yaşam masrafları (gıda ve barınma) yapısal sorunlar yüzünden çok pahalı

@alz_zyd_ Take a step further, make this claim contingent on parents helping with grandchildren

This is a little deranged but honestly doesn't seem like a totally broken idea? If a few pct of kids lifetime earnings were given to their parents would this fundamentally be gameable in any way Like, it is obviously deranged, but as a thought experiment is it not viable

@alz_zyd_ Some people basically worked for 25 years and drew pension for 35 Some people kept working on the side while drawing pension Governments can't decrease pensions because they are persistent voters and they have nothing to do at home so they protest

@HCD342 What happened?

Crazy idea: what if we made the mandatory retirement age for all jobs 45? - Less persistent institutional capture by oldies - Less workforce, so more jobs for all young people - Forced to promote young people to leadership faster - Everyone gets to enjoy early retirement

@alz_zyd_ His timing was right too. With photography, I imagine old styles lost some of their appeal

Picasso won a basically political battle. In a time of weakness, when the global aesthetic subconsciousness had somewhat lost its sense of direction, he convinced the aesthetic elites of his time to move in an utterly senseless direction, misaligned with any notion of common aesthetic sense. Nobody actually thinks Picasso looks good. But Picasso looks like Picasso, and Picasso was anointed by the oligarchs of beauty, hence one convinces oneself, counter to all basic natural sense, that Picasso must in some sense be beautiful

@EfiAdamopoulou @zew_en Great news! Happy birthday and congratulations!!

Excited to celebrate my birthday🎉 and share that I’ll step into the role of Deputy Head of the Inequality and Public Policy Research Group @zew_en on Jan 1! Looking forward to continuing to work with an amazing team on research to reduce inequality. Grateful for the opportunity!

@VStavrakeva Makes sense. In the PhD PS I give, people with capital income decrease hours but pure wage earners increase hours when labor tax goes up

@VStavrakeva In standard models, the income effect on labor supply can be quite powerful, you can get people working more under high taxes

I stopped reading The Economist when I realized how shallow their coverage of Turkey is—calling a cult leader a "scholar"? How can I trust their insights on Asia or the Middle East after that?

Our brief report (in German) on fertility dynamics in Germany during the Great Recession and the Pandemic Recession.

@derJamesJackson How much actual time is '8 hours' in DB time?

8 hour trains between Berlin and Paris from mid December