Francesco Saraceno
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fsaraceno.bsky.social
Francesco Saraceno
@fsaraceno.bsky.social

Economist, working on the EU and on Macro/HET
Posting in Italian and English

Economics 86%
Political science 7%

The EU never disappoints when it is about being on the wrong side of history
The European Union was notably absent from a group of 82 countries calling for a clear path away from fossil fuels at the U.N. climate talks today.
EU missing from COP30 push to drop fossil fuels
The European Union did not join 82 countries calling for a phase-out of oil, coal and gas.
www.politico.eu

Reposted by Francesco Saraceno

The European Union was notably absent from a group of 82 countries calling for a clear path away from fossil fuels at the U.N. climate talks today.
EU missing from COP30 push to drop fossil fuels
The European Union did not join 82 countries calling for a phase-out of oil, coal and gas.
www.politico.eu
German taxpayers are handing BMW €273m to once again attempt to push hydrogen-powered cars, when battery prices have once again dropped >50% in the past ~18 month and CATL is on its 5th-gen LFP battery.

CATL, BYD et al must be laughing all the way to the bank.

Sigh.

www.spiegel.de/wirtschaft/w...
Wasserstoff-Autos: BMW erhält staatliche Förderung zur Entwicklung
Hat der Einsatz von Wasserstoff eine Zukunft bei der Autoentwicklung? BMW glaubt nach wie vor daran. Jetzt erhält der Konzern eine staatliche Förderung für die Weiterentwicklung der Technologie.
www.spiegel.de

Sono molto onorato per l'invito a tenere la decima Einaudi Lecture organizzata dal Dipartimento di Economia dell'Università di Torino.

Cercherò di ragionare su come l'Europa possa districarsi da questa situazione "complicata"

Se siete a Torino, domattina ore 10 all'Aula Magna del Campus Einaudi
Ethiopia last year banned the import of new gasoline-powered cars. Nepal reduced import duties on EVs so much that they are now cheaper than cars with internal combustion engines. Brazil raised tariffs on car imports to compel Chinese automakers to set up plants inside Brazil. Etc
A Flood of Green Tech From China Is Upending Global Climate Politics
www.nytimes.com
Solar’s price drop is astonishing: panels are now 98% cheaper than when I first analyzed them in 2004.

Today, building a fence with solar can be cheaper than using wood.
10 Years After a Breakthrough Climate Pact, Here’s Where We Are www.nytimes.com/interactive/...
10 Years After the Paris Climate Agreement, Here's Where We Are
Has anything really changed in the decade since the Paris Agreement was reached? Actually, quite a lot.
www.nytimes.com

Reposted by Francesco Saraceno

The @etui.bsky.social is holding its annual Future of Work conference on 10-11 February 2026

If you want to present work in this area, submit an abstract
🚨 by November 14th 🚨

Details see:

www.etui.org/events/futur...
www.etui.org

Reposted by Francesco Saraceno

This new ECB paper serves as a reference guide to ECB models and empirical benchmarks on monetary policy transmission and extensively reports the findings of our recent meta-analysis on the effects of conventional monetary policy on output and prices.

Reposted by Francesco Saraceno

From the latest big Foreign Affairs energy piece, by Jason Bordoff & Megan O'Sullivan.
They're comparing one scenario published in 2024 with a completely different type of scenario (to be) published in 2025 - to say oil demand will rise and therefore problems of supply crunch/concentration loom.

First visit of the two days study trip to Brussels with the Northwestern-Sciences Po program on EU Affairs. We are at @etui.bsky.social welcomed by @andrewwatteu.bsky.social and Bart Vanhercke to discuss EU social policies in this delicate moment

Reposted by Francesco Saraceno

BYD operates one of Latin America’s largest EV plants in Brazil.

"Built on the site of a shuttered Ford facility, the 4.6-million-square-meter complex is expected to produce up to 300,000 cars a year."

BYD takes over a closed Ford plant. Legacy auto shrinks.
#energysky
www.cnbc.com/2025/11/05/c...
How Chinese EV makers are winning in Brazil
China automakers have turned to emerging markets like Brazil to offload their massive supply. Brands including BYD now make up over 80% of EV sales in Brazil.
www.cnbc.com
Jobs numbers, per ADP. Back in the black but not by much--and 3-month moving average basically zero.

Reposted by Francesco Saraceno

Despite their daunting complexity, we have done the maths
Tracking the cost of Donald Trump’s tariffs
They have raised American consumer prices by around 0.3 percentage points
econ.st

Very interesting debate on who's winning the #AI debate.
Very far from being settled #China #US
on.ft.com/47ForL4
The State of AI: is China about to win the race?
The world is focused on America’s lead but Beijing has the means, motive and opportunity to pull ahead
on.ft.com

Reposted by Francesco Saraceno

China dominates the supply of rare earths that are essential to iPhones and missiles alike, giving it leverage in the trade war with the US. Here's what to know
Why Rare Earths Are China’s Trump Card in Trade War
Rare earths are among the most critical raw materials on the planet, deeply embedded in the technologies that underpin modern life. Yet few people had even heard of them until the eruption of the US-China trade war thrust them into the limelight.
bloom.bg

Reposted by Francesco Saraceno

History shows that #bubbles typically arise around transformative #innovation that attracts investor and corporate enthusiasm. In turn, that drives up asset prices and #capacity expansion far ahead of fundamentals, chart #GoldmanSachs

Reposted by Francesco Saraceno

Thanks Philipp!
Only a fraction of the Draghi report’s recommendations have been implemented; EU member states are "reluctant to make bold moves, unable to agree on anything significant except for a rearmament race.. Europe is becoming more vulnerable and continues to lose ground to the 🇺🇸and🇨🇳"

Interesting article on the new round of #China #US confrontation.
US officials seem to think that there are differences between Chinese administrations.

My perception is that China carefully plans and executes strategies. Contrary to…

on.ft.com/475ahTb
Bessent says China wants to ‘pull everybody else down’
US Treasury secretary tells FT that Beijing is trying to hurt the world’s economy
on.ft.com

Reposted by Francesco Saraceno

Only a fraction of the Draghi report’s recommendations have been implemented; EU member states are "reluctant to make bold moves, unable to agree on anything significant except for a rearmament race.. Europe is becoming more vulnerable and continues to lose ground to the 🇺🇸and🇨🇳"

Reposted by Francesco Saraceno

Ein Jahr nach Veröffentlichung des #Draghi-Berichts steckt Europa tiefer in der Krise als vorher: Nur wenige Empfehlungen wurden umgesetzt, die Kommission ist passiv, die Mitgliedstaaten blockieren – außer beim Wettrüsten. Ein Beitrag von @fsaraceno.bsky.social:
makronom.de/europa-sitzt...
Europa sitzt in den Startlöchern fest
Ein Jahr nach Veröffentlichung des Draghi-Berichts steckt Europa noch tiefer in der Krise als vorher: Nur wenige Empfehlungen wurden umgesetzt, die Kommission ist passiv, die Mitgliedstaaten blockiere...
makronom.de

I am delighted to share that Nobel laureates Esther Duflo and Abhijit Banerjee will join our Department of Economics @econ.uzh.ch at the University of Zurich on July 1, 2026, as Lemann Foundation Professors of Economics.

🧵 1/7

Reposted by Francesco Saraceno

@fsaraceno.bsky.social on Europe's failure to kickstart investment, one year after the Draghi Report
fsaraceno.wordpress.com/2025/10/07/t...
The Draghi Report, One Year Later: Europe Still at the Starting Blocks
One year after the Draghi Report, Europe remains trapped in a cycle of low productivity and weak investment
fsaraceno.wordpress.com

Oggi alle 12:30 sono al Festival dell’economia critica in Fondazione Giangiacomo Feltrinelli per un panel su “Capitalismo, Stato e Europa”, con un panel di tutto rispetto.

Sono grato per l’invito!

Reposted by Francesco Saraceno

Et on ne voit pas comment ça pourrait changer.
Je ne sais pas s'il y aura des élections, mais ça serait vraiment le bon moment pour reparler des services publics en général et en particulier de l'école publique.

Soutenir ses agents, les reconnaître, en recruter, reconstruire la confiance, programmer des moyens pour plusieurs années...
One year after the #Draghi Report, #Europe remains trapped in a cycle of low productivity and weak #investment
The Draghi Report, One Year Later: Europe Still at the Starting Blocks
One year after the Draghi Report, Europe remains trapped in a cycle of low productivity and weak investment
fsaraceno.wordpress.com