@francescoravazzolo.bsky.social and I did it again! 5th Dolomiti Macro Meeting, this time in Pera di Fassa. www.unibz.it/assets/Event...

This video on tariffs has been circulating widely this week. The issue of protecting domestic winners is a perennial one. However, kudos to the team from the CEA or NEC who contributed to the speech.
#EconSky #FinSky #AcademiaSky

youtu.be/5t5QK03KXPc?...

📢 CONFERENCE ALERT 📢
«Applied Macroeconomics in a Changing World» in Oslo, September 11-12, 2025. Organized by Bank of Canada, Banca d'Italia, and CAMP_BI.

- Keynote speakers are Silvia Miranda-Agrippino (NY Fed) and Paolo Surico (LBS).
Call for papers:
👇👇👇

Americans responded (sharply!) to the Trump tariffs *before* they were even imposed. They imported extra stuff in December and January, rather than waiting and paying the higher prices that would occur when he was in office .

New working paper is out (joint with Ruben Aag and Peder Eliassen): "Forecasting Oil and Gas Prices: A Model Combination Approach"
bicamp.wordpress.com/2024/12/31/f...

Jeg er lite bekymret for at Martin Bech Holte svartmaler. Vi vet for lite om hvorfor produktivitetsveksten har falt. Jeg er mer bekymret for at vi skyver problemet under teppet, igjen. Jeg skriver om dette i DN.
👇👇👇
www.dn.no/okonomi/okon...

3/3

➡️ We avoid the delayed overshooting puzzle: After a monetary policy shock, the exchange rate appreciates immediately before gradually returning to equilibrium.

2/3
➡️ Weakened productivity differential and a decline of Norway's petroleum sector has in particular weakened the krone exchange rate the last decade.

What we find:

1/3

➡️ Productivity shifts and commodity market trends significantly shape the real exchange rate in Canada and Norway.

We propose a structural VAR model with common trends-estimated with Bayesian techniques-to analyse real exchange rate dynamics, enabling a clear distinction between transitory and long-term effects of structural shocks.

📢 First post on Bluesky to share a new working paper with title "Piecing the Puzzle: Real Exchange Rates and Long-Run Fundamentals"

with Leif Brubakk & Nicolò Maffei Faccioli.

Check it out here:
www.norges-bank.no/aktuelt/nyhe...

Great idea. Happy to be added.