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Glad to see our former students publishing great research!

Luca Fornaro Skanda Amarnath And see evidence that goes beyond correlations here: ilzetzki.com/learningbynece…

Thanks a lot to David Beckworth for the invitation, it was a pleasure to participate in the Macro Musings podcast!

Highly recommended podcast episode!

This quote from David Beckworth is perfect to motivate a new wave of research on the macroeconomics of the medium run.

"Draghi delivered a speech back in December. (..) where he argues that low productivity growth is a big issue for the EU. In this speech, he argued that one of the drivers, one of the causes, behind this low productivity growth is weakness of internal demand" 👏👏👏 Must-Listen

Luca on why weak aggregate demand today can hold back growth tomorrow. Great episode! 👇

Fiscal stagnation Luca Fornaro Luca Fornaro CREI UPF Barcelona Barcelona School of Economics, Martin Wolf Martin Wolf Universität St.Gallen (HSG) ow.ly/HIEp50W2nk8

What do powerlifting and economic hysteresis have in common? My latest newsletter explores this connection, building on Peter Conti-Brown's powerlifting journey and Luca Fornaro's hysteresis research. David Andolfatto 🇮🇹 🇨🇦 🇺🇸 George Selgin macroeconomicpolicynexus.substack.com/p/let-it-fail-…

Enjoyed very much this podcast with Macro Musings and Luca Fornaro about endogenous growth and aggregate demand policies. youtu.be/B7aRTPgepok?si…

Excellent presentation by Luca Fornaro . High debt traps countries in a fiscal stagnation loop: low growth raises debt ratios, forcing distortionary taxes and cuts in investment that hurt growth again. In the euro area, divergence risks a two-speed union the ECB can't manage.

Insightful takeaways from the ECB forum in Sintra

Exiting fiscal stagnation requires large policy interventions that reduce the public debt-to-GDP ratio, such as credible pro-growth strategies, VoxEU analysis of the connection between productivity growth, fiscal policy & public debt cepr.org/voxeu/columns/…