My rebuttal to Barry Eichengreen et al on Jamaica and debt.

on.ft.com/3UfE8TR

Dani Rodrik

Oxford Economics versus Argentina

Sergi Lanau chart has riled the government... raises deep political economy questions about Argentina's tolerance for austerity.

infobae.com/economia/2024/…

My views on a better sovereign debt restructuring framework published as a letter in the Financial Times today. Countries in debt distress need an effective global advocate to get timely debt relief from bilateral official creditors.

ft.com/content/a29249…

'There has actually been a rise in extremist activity that is seeking to hijack our democratic institutions,' says Rishi Sunak, who continues to refuse to hand back £10 million from a man who made extreme violent and racist comments about an elected member of parliament #pmqs

Its a sweet spot for EM assets, according to the person on this video (who closely resembles me) as favourable conjunctural and structural forces are both helpful youtube.com/watch?t=2&v=Hg…

Close to 5/USD, the BRL is roughly fairly valued according to our BEER framework.

The BEER model is an attempt to correct purchasing power parity distortions from real exchange rates using productivity differentials either directly or using proxies.

Roses are red
violets aren't white
corporate valentines day rhymes
are a load of s***e
x.com/ecb/status/175…

The case for a mistake: Have monetary policymakers blundered into over-tightening?

moneyinsideout.exantedata.com/p/the-case-for…

We think Ecuador's Noboa can handle funding needs next year and get along with IFIs. Near-term default risk is low. Given low prices and the high coupon on the 2030s, Gabriel Sterne 's bond calculator screams buy and clip coupons!!

Just watch this

identify the omitted variable

Neat summary of what has gone wrong

Need more codes!

Does twitter block references to my blue sky account?

This is a brilliantly written article about Jack and Bobby Charlton. I don’t think football@writing comes@much better than this by ⁦Paul Hayward⁩ theguardian.com/football/2023/…

I am stunned that Professor John Edmunds’ revelation at #CovidInquiry this week that much of the loss of 20,000-25,000 lives in Autumn 2020 could have been avoided if Boris Johnson had listened to scientific advice is NOT headline news and front cover of every news outlet in UK.

Seeing both sides of debate on extent to which Sri Lankan bondholders should be rewarded by contingent instrument . On one hand, if upside is because IMFs forecasts too conservative, bondholders deserve generous upside . But deserve less if upside the result of big reform effort

Markets reconciled to losses on 3 defaulters, and have become increasingly optimistic this year

Sterne discusses the problems created by exempting multilaterals from restructurings ft.com/content/bc5528… We have parallel discussion in our Jackson Hole paper kansascityfed.org/Jackson%20Hole…