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Reposted by Philipp Heimberger

wiiw @wiiw.ac.at · 2h

The 🇪🇺 needs public investment to achieve its geopolitical goals & revive its economy. Our new study by @heimbergecon.bsky.social & Cara Dabrowski finds that well-targeted public investment brings strong economic returns and can be financed through borrowing without destabilising budgets. 1/9

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Reposted by Philipp Heimberger

Philipp Heimberger @heimbergecon.bsky.social · 5h

With the US now seemingly unwilling to buy European export goods as it did in the past, and with China’s import growth slowing, Europe must refocus on domestic growth drivers. Public investment may play a crucial role in this.

Link to paper: wiiw.ac.at/achieving-ge...

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Reposted by Philipp Heimberger

Philipp Heimberger @heimbergecon.bsky.social · 5h

In a new paper, we provide fresh evidence on the macroeconomic effects of public investment in 27 EU member states. We find that public investment has favorable effects on output and unemployment; doesn't crowd out private investment; and doesn't jeopardise debt sustainability.

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Philipp Heimberger @heimbergecon.bsky.social · 5h

With the US now seemingly unwilling to buy European export goods as it did in the past, and with China’s import growth slowing, Europe must refocus on domestic growth drivers. Public investment may play a crucial role in this.

Link to paper: wiiw.ac.at/achieving-ge...

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Philipp Heimberger @heimbergecon.bsky.social · 5h

In a new paper, we provide fresh evidence on the macroeconomic effects of public investment in 27 EU member states. We find that public investment has favorable effects on output and unemployment; doesn't crowd out private investment; and doesn't jeopardise debt sustainability.

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Philipp Heimberger @heimbergecon.bsky.social · 1d

I fear that the decline of reading will have disastrous societal consequences.

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Reposted by Philipp Heimberger

Philipp Heimberger @heimbergecon.bsky.social · 1d

Welcome to the age of AI. "Deloitte will partially refund payment for an Australian government report that contained multiple errors after admitting it was partly produced by artificial intelligence."

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Philipp Heimberger @heimbergecon.bsky.social · 1d

Source: www.ft.com/content/934c...

Deloitte issues refund for error-ridden Australian government report that used AI

Big Four firm will repay final instalment after incorrect references and citations found in document

www.ft.com

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Philipp Heimberger @heimbergecon.bsky.social · 1d

Welcome to the age of AI. "Deloitte will partially refund payment for an Australian government report that contained multiple errors after admitting it was partly produced by artificial intelligence."

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Philipp Heimberger @heimbergecon.bsky.social · 2d

Source: wiiw.ac.at/n-695.html

Russia is shifting its foreign trade massively towards China (news article)

Russia’s foreign trade is undergoing a profound shift, with China replacing the EU as Russia’s main trading partner

wiiw.ac.at

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Philipp Heimberger @heimbergecon.bsky.social · 2d

China has replaced the EU as Russia’s main trading partner.

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Philipp Heimberger @heimbergecon.bsky.social · 18d

Link to the papers: nber.org/conferences/...

Economics of Transformative AI Workshop, Fall 2025

nber.org

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Philipp Heimberger @heimbergecon.bsky.social · 18d

This is an interesting set of papers on "The Economics of Transformative AI" providing insights into recent mainstream economics thinking on AI and its repercussions.

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Reposted by Philipp Heimberger

Philipp Heimberger @heimbergecon.bsky.social · 19d

This paper shows that children are significantly less likely to enter the academic track if they come from a low socio-economic status family. A low-intensity mentoring program can improve long-run education outcomes of disadvantaged children and reduce inequality of opportunity.

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Reposted by Philipp Heimberger

Philipp Heimberger @heimbergecon.bsky.social · 19d

The number of countries with wealth taxes has fallen sharply since 1990. Revenues from these taxes tend to raise comparatively small amounts.

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Philipp Heimberger @heimbergecon.bsky.social · 19d

Source: www.ft.com/content/43ab...

The problem with taxing the rich

Fiscal systems designed around income and consumption struggle to capture wealth, and billionaires are highly mobile

www.ft.com

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Philipp Heimberger @heimbergecon.bsky.social · 19d

The number of countries with wealth taxes has fallen sharply since 1990. Revenues from these taxes tend to raise comparatively small amounts.

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Philipp Heimberger @heimbergecon.bsky.social · 19d

Paper in "Journal of Political Economy": www.journals.uchicago.edu/doi/10.1086/...

Free-access version: www.iza.org/publications...

Mentoring and Schooling Decisions: Causal Evidence | Journal of Political Economy: Vol 0, No ja

www.journals.uchicago.edu

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Philipp Heimberger @heimbergecon.bsky.social · 19d

This paper shows that children are significantly less likely to enter the academic track if they come from a low socio-economic status family. A low-intensity mentoring program can improve long-run education outcomes of disadvantaged children and reduce inequality of opportunity.

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Reposted by Philipp Heimberger

Philipp Heimberger @heimbergecon.bsky.social · 20d

Students tend to greatly overestimate the job prospects of their preferred occupations. When given accurate information about labor market outcomes, they shift toward fields of study with stronger employment opportunities and higher wages.

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Reposted by Philipp Heimberger

Philipp Heimberger @heimbergecon.bsky.social · 20d

EU Commission has approved🇩🇪 fiscal plan for the next years, making it consistent with 🇪🇺 fiscal rules. The plan departs from baseline potential growth assumptions, which sets a precedent for others. Additional military spending will be exempted under the national escape clause.

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Philipp Heimberger @heimbergecon.bsky.social · 20d

Source: economy-finance.ec.europa.eu/document/dow...

economy-finance.ec.europa.eu

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Philipp Heimberger @heimbergecon.bsky.social · 20d

EU Commission has approved🇩🇪 fiscal plan for the next years, making it consistent with 🇪🇺 fiscal rules. The plan departs from baseline potential growth assumptions, which sets a precedent for others. Additional military spending will be exempted under the national escape clause.

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Philipp Heimberger @heimbergecon.bsky.social · 20d

Source: docs.iza.org/dp17951.pdf

docs.iza.org

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Philipp Heimberger @heimbergecon.bsky.social · 20d

Students tend to greatly overestimate the job prospects of their preferred occupations. When given accurate information about labor market outcomes, they shift toward fields of study with stronger employment opportunities and higher wages.

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