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Reposted by Iikka Korhonen, Dominique Meurs

undercoverhist.bsky.social
🚨 We economists at @crestumr.bsky.social IPParis are hiring🚨

We have 3 positions:
1 assistant prof in econometrics (ENSAE
1 assistant prof in Digital Economics and IO (Telecom)
1 assistant or associate, all fields (Polytechnique)

econjobmarket.org/positions/11...

Please circulate! #econsky
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by Iikka Korhonen

iikkakorhonen.bsky.social
This is good, read it.
alphaville.ft.com
FT Alphaville @alphaville.ft.com · 3h
"When someone is counting out gold for you, don't look at your hands, or the gold. Look at the giver." - Rumi and also @tobyn.bsky.social

on.ft.com/495S7mP
Central banks have been buying a squillion tonnes of gold, promise
[FREE TO READ] Are the numbers real?
on.ft.com
4

Reposted by Iikka Korhonen

alphaville.ft.com
"When someone is counting out gold for you, don't look at your hands, or the gold. Look at the giver." - Rumi and also @tobyn.bsky.social

on.ft.com/495S7mP
Central banks have been buying a squillion tonnes of gold, promise
[FREE TO READ] Are the numbers real?
on.ft.com
1 4 11

by Iikka Korhonen

iikkakorhonen.bsky.social
Helsinki
1 6

Reposted by Iikka Korhonen

tripperhead.bsky.social
United Airlines has urged the Trump administration to extend a proposed ban on Chinese airlines flying to the US via Russian airspace to include Cathay Pacific, which flies over Russia on flights to the United States from Hong Kong.
Chinese airlines oppose Trump plan to stop flying over Russia on US routes
Major Chinese airlines on Tuesday urged the Trump administration to abandon a plan to bar them from flying over Russia on U.S. flights, saying it would boost flight times, raise air fares and could disrupt some routes.
www.reuters.com
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by Iikka Korhonen

iikkakorhonen.bsky.social
Yes, maybe. And Ladurie is dead, so…
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by Iikka Korhonen

iikkakorhonen.bsky.social
Global economy chugging along, the euro area growing slightly above 1% this year and next...

Russia's GDP growth downgraded quite a bit especially 2025, but also 2026, 0.6% and 1.0%, respectively.

China GDP 2025 and 2026 4.8% and 4.2%, growth continues to decelerate.

www.imf.org/en/Publicati...
1

Reposted by Iikka Korhonen

gzachmann.bsky.social
Ukraine’s gas system has experienced a series of major attacks over the past week. According to Bloomberg, 60% of gas production capacities were disabled.

If the situation with ~50% lower production continues in Oct-Dec25 (at last year's consumt&import), gas storage would be depleted by March 2026.
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by Iikka Korhonen

iikkakorhonen.bsky.social
Russian consumer prices October 7 up 40.0% from end-2021, and +4.6% from end-2024. Gasoline up 32.9% from end-2021, and +10.4% from end-2024.
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Reposted by Iikka Korhonen

voxeu.org
Nobel Laureate Joel Mokyr, Avner Greif, & Guido Tabellini discuss their recent book in which they argue institutions and culture played a key role in setting Europe and China on divergent paths of economic and political development.
cepr.org/voxeu/column...
#EconSky
Avner Grief, Joel Mokyr, and Guido Tabellini The starkly different paths of economic and institutional development followed by China and the West is often attributed largely to the Industrial Revolution. This column argues that institutions and culture played a key role in setting Europe and China on divergent paths well before the onset of the Industrial Revolution, but the role they played was mediated by a critical difference between the two civilisations: the nature of their prevalent social organisations. A key factor behind China’s remarkable economic resurgence has been its capacity to adapt traditional institutions and cultural practices to the needs of a modern economy.
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by Michael Pettis — Reposted by Iikka Korhonen

michaelpettis.bsky.social
4/4
As long as Beijing is willing to tolerate extremely rapid rises in debt, GDP growth doesn't tell us much about the health of the economy. What matters is the components of growth and how growth was achieved.
carnegieendowment.org/posts/2025/0...
How to Predict China’s Economic Performance for 2025: A Sectoral Approach
GDP growth means something fundamentally different in China than in most countries.
carnegieendowment.org
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by Iikka Korhonen

iikkakorhonen.bsky.social
”..,oil terminal at Feodosia in the Russian-occupied Crimean peninsula was burning on Monday after an attack by Ukrainian drones.”
🇺🇦
www.theguardian.com/world/2025/o...
Ukraine war briefing: Crimea oil refinery burns as Russia feels effects on fuel supply
Glide bombs knock out power supply and hit hospital in Kharkiv; Zelenskyy lining up Trump meeting with Tomahawks hot topic. What we know on day 1,329
www.theguardian.com
2 7

by Iikka Korhonen

iikkakorhonen.bsky.social
”most of the lumber and furniture tariffs are set to snap even higher in the new year — with upholstered wooden products subject to a 30% rate and kitchen cabinets and vanities at 50% as of Jan. 1.”

”Roughly 7% of all goods used in new residential construction come from foreign suppliers”
2

by Iikka Korhonen — Reposted by Menzie Chinn

iikkakorhonen.bsky.social
”..initially set at 25% for cabinets, vanities and upholstered wooden furniture — officially took effect on Tuesday at 12:01 a.m. New York time. Imports of softwood timber and lumber, meanwhile, are newly subject to 10% fees.”
”National security”, yes🇺🇸
www.bloomberg.com/news/article...
Trump’s Lumber Tariffs Take Hold, Threatening to Hike Home Costs
The US is now collecting tariffs on imported timber, lumber, kitchen cabinets, bathroom vanities and upholstered furniture, duties that threaten to raise the cost of renovations and deter new home pur...
www.bloomberg.com
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by Iikka Korhonen — Reposted by Iikka Korhonen

iikkakorhonen.bsky.social
Well, what else do you use it for?
🇵🇱
”Lawmakers in Poland’s lower house last month approved a bill to tighten regulation of the crypto asset market, including prison sentences for those who fail to comply with oversight rules”

on.ft.com/4nZ3yRV Russia pays Europe’s saboteurs in crypto
Russia pays Europe’s saboteurs in crypto, says Polish official
Warsaw’s national security chief says Moscow is also using a shadow fleet to launch drones into European airspace
on.ft.com
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Reposted by Iikka Korhonen

reuters.com
Exclusive: Spain the frontrunner for Chinese carmaker BYD's third European plant, sources say reut.rs/4oD7zLZ
Exclusive: Spain the frontrunner for Chinese carmaker BYD's third European plant, sources say
China's No. 1 automaker BYD considers Spain to be its top candidate for a third car factory to serve the European market, two people briefed on the matter told Reuters, as the company seeks to grow sales on the continent.
reut.rs
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by Tomasz Mickiewicz — Reposted by Iikka Korhonen

tomekmickiewicz.bsky.social
Both Italy and US are not on the sustainable fiscal paths, but that data shows that US is actually in worse shape than Italy, when the fiscal gap is properly measured... www.nber.org/papers/w3434...
Measuring What Matters: Why Italy May Be in Better Fiscal Shape than the US
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org
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by Iikka Korhonen

iikkakorhonen.bsky.social
China's exports to Russia in September $8.7 bn, down 21% y/y
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by Iikka Korhonen

iikkakorhonen.bsky.social
Joel Mokyr, Philippe Aghion & Peter Howitt

#econsky

www.nobelprize.org/prizes/econo...
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025 was awarded “for having explained innovation-driven economic growth” with one half to Joel Mokyr “for having identified ...
www.nobelprize.org
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by Iikka Korhonen

iikkakorhonen.bsky.social
Klassikon paluu!
liikenne.turku.fi
Turun liikennekeskus @liikenne.turku.fi · 2d
Funikulaari on poissa käytöstä toistaiseksi #turku #liikenne
Funikulaari on poissa käytöstä toistaiseksi
Funikulaari on poissa käytöstä köysien kiristimen taittopyörän vaihdon vuoksi. Funikulaarin on arvioitu palautuvan liikenteeseen vielä tämän viikon aikana. https://www.turku.fi/liikenne-kadut-ja-kunnossapito/rinnehissi-funikulaari
dlvr.it
7

by Guntram B. Wolff — Reposted by Iikka Korhonen

guntramwolff.bsky.social
"European purchases of US arms hit a record high of $76bn 2024, according to a @bruegel.org paper authored by Juan Mejino-López & Guntram Wolff, who analysed 1,179 notifications under the US Foreign Military Sales programme since 2008."
@financialtimes.com Henry Foy
www.ft.com/content/4131...
Poland demands Germany stop Nord Stream attack prosecutions
Also in this newsletter: How to end Europe’s dangerous reliance on US weapons
www.ft.com
5 8

Reposted by Iikka Korhonen, Simon Lester

fbermingham.bsky.social
New Chinese Sept trade data out this morning - here's the picture for the EU

- China's exports to EU up 14.2%
- China's imports from EU up 9.4%
- Despite rebound in import number, trade surplus up 20% because of China's surging exports, to $22.85bn in Sept

All USD, year on year
2 14 26

Reposted by Iikka Korhonen

liikenne.turku.fi
Funikulaari on poissa käytöstä toistaiseksi #turku #liikenne
Funikulaari on poissa käytöstä toistaiseksi
Funikulaari on poissa käytöstä köysien kiristimen taittopyörän vaihdon vuoksi. Funikulaarin on arvioitu palautuvan liikenteeseen vielä tämän viikon aikana. https://www.turku.fi/liikenne-kadut-ja-kunnossapito/rinnehissi-funikulaari
dlvr.it
1 2

by Iikka Korhonen — Reposted by Iikka Korhonen

iikkakorhonen.bsky.social
“Coal producers are having a tough time,” Vladimir Putin acknowledged”
🇷🇺

”War is bad for most of the Russian businesses, if not all of them. But the coal sector is in really deep shit,” one of Russia’s top businessmen told the Financial Times.”
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by Iikka Korhonen — Reposted by Iikka Korhonen

iikkakorhonen.bsky.social
Russia exports less coal than before the full-scale invasion and must sell what it exports at a discount.
1 4 9

by Iikka Korhonen — Reposted by Iikka Korhonen, Nicolas Véron

iikkakorhonen.bsky.social
sector racked up losses of Rbs225bn ($2.8bn) in the first seven months of the year, according to Russia’s state statistics agency, double 2024’s total, when it was the country’s worst performing industry. In 2023, the sector generated profits of nearly Rbs375bn ($4.6bn).
🇷🇺
on.ft.com/4nTNGjM
Russia’s coal miners buckle under sanctions, weak prices and war
Sector’s worst crisis in 30 years underscores how some industries risk lasting damage from Ukraine invasion
on.ft.com
2 7 14

Reposted by Iikka Korhonen

fbermingham.bsky.social
Dutch newspaper NRC with new detail:

"This is an exceptional emergency measure intended to prevent IP related to chips from disappearing abroad. According to insiders, there were indications that Nexperia was planning to leak chip knowledge to China."

www.nrc.nl/nieuws/2025/...
Nederland grijpt hard in bij chipfabrikant Nexperia uit angst voor lekken chipkennis naar China
Intellectueel eigendom: Het ministerie van Economische Zaken legt de bedrijfsvoering van chipfabrikant Nexperia grotendeels stil, om te voorkomen dat chipkennis naar China weglekt.
www.nrc.nl
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by Iikka Korhonen — Reposted by Iikka Korhonen

iikkakorhonen.bsky.social
”..the Big Three — are forecasting a combined $7bn tariff-related hit to their earnings in 2025, while the thousands of companies that supply them are reeling from disrupted supply chains, reduced cash flow and higher product prices.”
🇺🇸
on.ft.com/42AWuSS
‘This is existential’: Donald Trump’s tariffs drive US car sector into turmoil
Michigan’s ‘Big Three’ carmakers forecast a combined $7bn tariff-related hit to earnings in 2025
on.ft.com
3 2

by Pol Antras — Reposted by Iikka Korhonen

pantras.bsky.social
Thrilled to see our decade-long research agenda with Teresa Fort and Felix Tintelnot on firm-level approaches to global value chains featured in the latest NBER Reporter. What a ride!

Link: www.nber.org/reporter/202...
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Reposted by Iikka Korhonen

sarahkirchberger.bsky.social
The new leader of 🇯🇵 Japan’s LDP, Sanae Takaichi, loves heavy metal!🤘

“Since drumming in a college band, the 64-year-old politician has remained a fan of groups like Black Sabbath and Iron Maiden. She used to play so hard that she carried four pairs of sticks as back-up in case they snapped.”
Japan’s aspiring leader drums to relieve stress. She has many reasons to reach for her sticks | CNN
Staunch conservative and longtime lawmaker Sanae Takaichi is days away from becoming Japan’s first woman prime minister, and she inherits a daunting list of challenges.
edition.cnn.com
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