I stand corrected. The formula is not deficit/imports. The formula is surplus/(imports * ε * φ), where ε = -4 and φ = 0.25. That happens to equal deficits/imports. ustr.gov/issue-areas/re… via Erica York

This is truly amazing. The Deputy White House Press Secretary is claiming that I'm wrong, and that the "tariff rates" on Trump's chart were calculated by "literally" measuring every country's tariffs and non-tariff trade barriers. To prove it, he screenshots the formula the USTR

With great sadness, I announce the passing of my co-author and friend, Marcus Hagedorn. His acerbic wit was as sharp as the vision of Toni Kroos. He attacked big research questions like he tackled the mountains of Mallorca on his bike. He will be missed.

Shocking news. RIP Marcus.

🚨The 2nd edition of #LSEQueerConf is coming! 🌈Queer econ PhDs: join us 15 Aug 2025 LSE Department of Economics 🌈Submit your paper in *any econ field* by 23 Jun, register by 15 Jul ➡️ lsequeerconf.com 🌍 🌈Travel funded! 💸 📈Please RT & spread the word! #QueerEcon #EconTwitter

Exclusive: New student visa interviews are on pause as Trump’s admin weighs requiring foreign students applying in the U.S. to undergo social media vetting. politico.com/news/2025/05/2…

Happy to share that we’re giving UK uni students access to our best models - including Gemini 2.5 Pro and NotebookLM. They’re amazing tools for research, writing, exam prep… I wish I’d had them while I was at uni :) Enjoy, and good luck with this exam season!

Extremely sad news: Ghazala Azmat, an excellent economist and a wonderful person, died last weekend. My sincere condolences to her family, her colleagues at Science Po and CEPR, and the many friends she leaves here at LSE (where she studied) and everywhere she went.

Incredibly saddened to hear about Ghazala Azmat's premature death. She was a wonderful and kind person, this is an immense loss for the economics community.

📣 Good news: 281 top researchers have just won ERC Advanced Grants! The new funding, worth nearly €721 million, is part of the 🇪🇺 EU’s #HorizonEurope programme. Read more 👉 europa.eu/!JYKxkD #ERCAdG #FrontierResearch EU Science & Innovation 🇪🇺

Four LSE academics have received prestigious European Research Council (ERC) Advanced Grants to support their pioneering research projects! 👏 Congratulations to Professors Nava Ashraf, Ben Moll, Mark Schankerman and Johannes Spinnewijn. Read more: ow.ly/7spz50WaJYe #ERCAdG

I'm so messed up that I read this and wonder if I can talk him into doing the definitive RCT on the effect of inherited wealth. Primary outcomes: productivity, social and civic engagement, happiness, health, intergenerational effects.

We closed our first day in Copenhagen with a wonderful plenary session by Paco Buera talking about development, and a fun introduction by Joe Kaboski.

Despite talk of lessons from🇺🇦 & the rise of drone warfare, Europe clings to its old platforms & ways of fighting. Future advantage will come from AI-enabled systems to out-sense & out-decide enemies - & overwhelm them with autonomous mass The Economist economist.com/by-invitation/…

This is the end. The Nord Stream saga is finally over for good, 20 years after it was launched by Schröder and Putin.

Der frühere SPD-Vorsitzende Matthias Platzeck führte über Jahre Geheimgespräche mit Russland. Zugleich bereitete Wladimir Putin einen Gasdeal zulasten der Ukraine vor, berichtet Konrad Schuller faz.net/aktuell/politi…

A new law jeopardises Ukraine’s progress against anti-corruption—and erodes the Western support it needs economist.com/leaders/2025/0…

Protests in Kyiv. Today.

Ukraine’s war effort depends not only on courage and weapons, but on the trust of its citizens and its Western backers. That compact is now at risk economist.com/leaders/2025/0…

What I worried about has happened. A completely unequal “deal” between the US and the EU. Have no doubt: asymmetric 15% tariffs are a EU defeat. When the law of the jungle prevails, the weak have little choice than to accept their fate. But Europe could potentially have been