
A pleasure to chair @carlbfrey’s talk on his brilliant book, How Progress Ends, at the @oxfordlitfest who kindly also included my latest book, The Great Crashes: https://t.co/i2YoILCoDR https://t.co/ZYKZYwYpyr
Catch my take at 11:30am on the impact of war on the British economy #skynews
Since 2019, bank lending to non-bank financial institutions (NBFI) has grown by nearly 60% vs only about 20% to non-financial corporations. Divergence has widened since mid-2022 when corporate lending stagnated while NBFI lending continued to rise steadily https://t.co/QEUhoq4feU
The Draghi & Letta reports' diagnosis was stark: Europe is falling behind in productivity growth; Single Market remains fragmented; capital markets incomplete; innovation & scale financing insufficient. These are structural weaknesses, not cyclical ones. https://t.co/vne95qESQS
A blockchain is a decentralised ledger - "A purely peer-to-peer version of electronic cash [allowing] online payments to be sent directly from one party to another without going through a financial institution..." https://t.co/lC65xLNwXT
The best historical analogy for AI may be electrification: the key disruptions came not when the technology first appeared, but when firms reorganised production around it https://t.co/SFeEio4bkA
By giving households direct access to central bank money in digital form, central bank digital currencies (CBDC) is frequently said to threaten bank deposits, disrupt credit creation, and shift seigniorage from commercial banks to the public sector. https://t.co/B04PPjhu5q

Catch me at 8:05am on the economic impact of the war in the Middle East #bbcwales #sundaysupplement Listen at: https://t.co/WBmMlC57rn https://t.co/TZIU8SNTCQ
By 2022, the cumulative text of the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions reached about 14 million words, with increasingly technical jargon to describe the growing web of cross-border tools. https://t.co/YN9GeT7uhG
President Trump’s rhetoric about a possible acquisition of Canada and escalating trade tensions led to a 25% decline in Canadian visits to the US in 2025. https://t.co/dqBIGoRt7G
Once workplace practices are controlled for, the remote work premium is greatly reduced again, consistent with the view that what appears to be a remote work premium is largely a reflection of better workplace quality in jobs that also happen...
The Phillips curve in the euro area remains statistically significant but is relatively flat and linear once regional data on unemployment are used, and it becomes even flatter when national inflation expectations are properly accounted for. https://t.co/tBUWZAT6n4
Before 2020, the monthly frequency of price changes was stable at around 8.2% across 9 major euro countries. It then rose sharply in 2022, averaging about 12% that year and peaking at 15.7% in January 2023, nearly double the pre-pandemic...
Global shocks now account for about half of the variation in interest rates, more than double their role in earlier decades. https://t.co/a8Dhi9Gxpu
In US, UK, Germany and Australia, around 70% of firms actively use AI, particularly younger, more productive firms. Firms report little impact of AI over the last three years, with over 80% of firms reporting no impact on either employment...