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Manoel Bittencourt @manoel-bittencourt.bsky.social · 1d

heterogeneousagents.substack.com

The agents do macroeconomics - growth, monetary and fiscal - and political economics, mostly from a developing-country perspective. Click to read Heterogeneous Agents, a Substack publication with hund...

heterogeneousagents.substack.com

Manoel Bittencourt @manoel-bittencourt.bsky.social · 1d

Chatting with @essobecker.bsky.social about religion & growth, Weber, migration & education, education & secularization, & conflict & state formation. #econsky
open.substack.com/pub/heteroge...

Chatting with Sascha Becker

Religion, growth, migration, education, secularization, wars and state formation

open.substack.com

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Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 30

Cresci com o Analista, com o Ed, e também com a Velhinha.. RIP. placar.com.br/placar/a-pai...

A paixão de Luis Fernando Veríssimo por futebol e pelo seu Inter

Morreu neste sábado, aos 88 anos, o genial escritor gaúcho, cujo amor pelo Colorado foi eternizado também nas páginas de PLACAR; relembre

placar.com.br

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Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 29

heterogeneousagents.substack.com

Heterogeneous Agents | Substack

The agents do macroeconomics - growth, monetary and fiscal - and political economics, mostly from a developing-country perspective. Click to read Heterogeneous Agents, a Substack publication with hund...

heterogeneousagents.substack.com

Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 29

🚨A cool column by @BenitoSalomao on public goods & democratic stability. Link to the article in the comments.👉 #econsky👇

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Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 26

heterogeneousagents.substack.com

Heterogeneous Agents | Substack

The agents do macroeconomics - growth, monetary and fiscal - and political economics, mostly from a developing-country perspective. Click to read Heterogeneous Agents, a Substack publication with hund...

heterogeneousagents.substack.com

Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 26

🚨 I wrote an article on economic growth in South Africa. I write about investment & inflation, two of the most popular drivers of growth, at least to those advocating growth policies in SA. I also explain what is that the same commentators get wrong. Link to the article in the comments. 👉 #econsky👇

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Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 22

Friday evening, in Brazil, visiting Mother..

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Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 20

heterogeneousagents.substack.com/p/institutio...

Institutions, polarization, finance and prosperity

The Magnitsky Act and its consequences to Brazil

heterogeneousagents.substack.com

Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 20

📢Super useful insights by Douglas Elmauer on the Magnitsky Act and its effects on Brazilian banks, and institutional development as well. Link to the article in the comments below.👉#econsky👇

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Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 19

open.substack.com/pub/heteroge...

End of racial segregation, end of inequality? (II)

The South African case

open.substack.com

Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 19

🚨 I wrote a short article on inequality persistence, education quantity and quality, state capacity and economic growth, in South Africa. Link to the article in the comments below. 👉 #econsky👇

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Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 10

heterogeneousagents.substack.com

Heterogeneous Agents | Substack

The agents do macroeconomics - growth, monetary and fiscal - and political economics, mostly from a developing-country perspective. Click to read Heterogeneous Agents, a Substack publication with hund...

heterogeneousagents.substack.com

Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 10

📢Heterogeneous Agents have reached 100 subscribers in its first week!

Thanks so much!

🧵Let's keep growing, link in the comments below.👇👇

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Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 6

open.substack.com/pub/heteroge...

Has the South African Reserve Bank gone rogue?

Last week Friday something unprecedented happened in the macroeconomic policy framework of South Africa.

open.substack.com

Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 6

📢Monetary policy, coordination failures, institutions, Lucas critique & dynamic inconsistency in South Africa.

The @SAReserveBank has been rebuked by the @Treasury_RSA.

👉#econsky👇

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Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 4

heterogeneousagents.substack.com/p/central-ba...

Central Bank Autonomy as a Civilizational Achievement: the Brazilian Case

Worse than inflation, only civil war – this is a very common phrase informally used in economics departments of major universities around the world to reflect the scientific consensus on how essential...

heterogeneousagents.substack.com

Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 4

🚨In times of central bank independence uncertainty,
@Elmauer1 makes a compelling case for central bank independence certainty. It's a "civilizational achievement".

🧵Link to the article in the comments below. 👉#econsky👇

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Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 2

👇👇

Prof Dynarski @dynarski.bsky.social · Aug 2

Statement from the largest economics association about the BLS firing

As context: AEA approximately never makes such public statements

This is a big deal

August 1, 2025
AMERICAN ECONOMIC ASSOCIATION
Committee on Economic Statistics and Committee on Government Relations

Statement from the American Economic Association on the
Dismissal of the BLS Commissioner

Leaders of the American Economic Association express their grave concern over the dismissal of the Commissioner of the Bureau of Labor Statistics (BLS) earlier today.
The independence of the federal statistical agencies is essential to the proper functioning of a modern economy. Accurate, timely, and impartial statistics are the foundation upon which households, businesses, and policymakers make critical decisions. Undermining the independence or credibility of these agencies threatens the integrity of the information that markets, institutions, and the public rely on every day.
Measuring the vast and dynamic U.S. economy in real time is inherently challenging. It is standard practice for statistical estimates to be revised as more complete and higher-quality data become available. These revisions reflect the commitment of statistical agencies to accuracy, transparency, and methodological rigor-not failure or bias.
The BLS has long had a well-deserved reputation for professional excellence and nonpartisan integrity.
Safeguarding this tradition is vital for the continued health of the U.S. economy and public trust in our institutions.
We call upon elected officials to respect and preserve the independence of the nation's statistical infrastructure.

Lawrence Katz
President, American Economic Association
Katharine Abraham
President-Elect, American Economic Association
Karen Dynan
Chair, American Economic Association Committee on Economic Statistics
Kenneth Troske
Chair, American Economic Association Committee on Government Relations

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Manoel Bittencourt @manoel-bittencourt.bsky.social · Aug 1

🚨it was bound to happen, the @TreasuryRSA has officially rebuked the @SAReserveBank for "unilateral announcements" on the 'new' inflation target.

the SARB ignored Lucas, & Kydland & Prescott, no small feat. #econsky

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Manoel Bittencourt @manoel-bittencourt.bsky.social · Jul 31

open.substack.com/pub/heteroge...

Distributive Considerations on Fiscal Policy

The essence of modern welfare theory has been to define economic efficiency in terms that exclude distributive considerations.” (Musgrave & Musgrave, 1989, p.

open.substack.com

Manoel Bittencourt @manoel-bittencourt.bsky.social · Jul 31

📈article by @BenitoSalomao on pros & cons of fiscal rules in Brazil

🚨fiscal rules should take in consideration public goods provision & redistribution in democracies

🧵link to article in comments👇

#econsky

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Manoel Bittencourt @manoel-bittencourt.bsky.social · Jul 30

Absolutely!

Manoel Bittencourt @manoel-bittencourt.bsky.social · Jul 30

heterogeneousagents.substack.com/p/is-the-sou...

Is the South African young democracy breeding its own support?

Let's look at the data

heterogeneousagents.substack.com

Manoel Bittencourt @manoel-bittencourt.bsky.social · Jul 30

📈Is the South African young democracy breeding its own support?

🚨To answer this question we need to stand on the shoulders of giants & look at the data.

🧵Link to the article is on the comments below. #econsky👇

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