Mishel Ghassibe 🇺🇦
@mickey_gb
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Researcher @CREIResearch | Affiliated Professor @bse_barcelona | Research Affiliate @cepr_org | Ex @NBUkraine | PhD @UniofOxford | From Vinnytsia, Ukraine
Barcelona, Spain
Joined September 2010
Forward-looking inflation is central to monetary economics A micro building block of such foresight is Intertemporal Pass-Through (iPT): the sensitivity of firms' current reset prices to expected marginal costs We estimate iPT and find it consistent with sticky-price models
Absolutely thrilled to share a new working paper, joint with @mickey_gb and @boromeusw We study ‘Intertemporal pass-through’ (iPT) - the sensitivity of firms’ desired prices to changes in expected future marginal costs. Link: https://t.co/GM2GByq5WX A short 🧵
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A guide for students of economics: Ten statements that demonstrate that someone does not understand modern economics or what an equilibrium is, and that you can safely ignore everything else they say. 1. “Equilibrium means the economy is stable or at rest.” Many assume that an
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Excited and honoured to be joining the @cepr_org family as a Research Affiliate in the Monetary Economics and Fluctuations (MEF) programme. I look forward to participating in the upcoming research activities.
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3/ This is false, because he is not operating in those categories. He is thinking about how history books will portray him and what his historical legacy will be. Not without reason, since conquerors are often judged by achievements, not by economics or how many people suffered
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I have absolutely no doubt: once this stage of the war finally burns itself out and the situation stabilizes in some way, Europe will again be flooded with voices calling for a new “reset” with Russia, convinced that this time it will somehow work. There will be even more
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@S_Surprenant In a recent paper with @antonnakov we show that a flat Phillips Curve and large inflationary swings can co-exist without introducing any reduced-form kinks. Key to this is the presence of "pricing cascades" created by a combo of menu costs and networks:
cepr.org
Business cycles with pronounced inflation can have sectoral origins and often feature a growing share of price-adjusting firms. Rationalizing such phenomena requires enhancing our modeling toolkit....
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Threatening, masked goons attack economist Michael Ben-Gad. He is accused of serving in the IDF! Service is compulsory. Even though they threatened to cut his throat he has refused to take a leave from teaching (interview below). My solidarity and support
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S: Suicidal empathy. A special form of insanity Europe is fond of.
A Swedish court has ruled that the Eritrean migrant who raped 16-year-old Meya Åberg won’t be deported because the rape didn’t last long enough. The rape took place on September 1st last year when Meya missed her bus and was walking through a pedestrian tunnel after finishing
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A multi-day analysis of battlefield dynamics and internal Russian data: both public and non-public, points to multiple trends and key points which we summarized. 🧵Thread:
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None of us should put pressure on Zelenskyy when it comes to territorial concessions. We should all put pressure on Russia to stop its aggression. Appeasement never was a road to a just and lasting peace.
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As always, a fantastic iteration of the “Inflation: Drivers and Dynamics” conference at @ecb I presented my work on “Business Cycles with Pricing Cascades” (w/ @antonnakov). Many thanks to James Costain for a very thoughtful discussion Video link:
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As a Nobel Peace Recipient, I welcome President Trump’s plan to increase military aid to Ukraine. Sending Tomahawks would demonstrate to Putin that he would never occupy Ukraine and it is time for him to Stop this War. When facing an aggressor, peace is built through strength. A
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The problem with North Stream 2 is not that it was blown up. The problem is that it was built.
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As always, a great pleasure presenting back home, at the National Bank of Ukraine (NBU)! Many thanks for the invitation to deliver the webinar, and for taking the time to learn about my work with Anton Nakov (ECB) on Business Cycles with Pricing Cascades. https://t.co/LStptVl8qM
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A must watch. Interviews like this should be made in English too. Great job @ukrainer @YuliaTymosha
https://t.co/IODMCEE6rS
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The request by Massive Attack @MassiveAttackUK to remove its music from Spotify, in protest against the platform’s founder investing in the military AI company Helsing – which produces drones defending Europe against Russian aggression – is bizarre, to say the least. 1/3
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Your regular reminder that you can dismiss an opinion on Ukraine from anyone using obsolete spelling of Ukrainian toponyms, such as "Odessa" (correct one is Odesa), "Kiev" (correct one is Kyiv) or "Dnepropetrovsk" (correct one is Dnipro).
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Russians penetrate EU and NATO airspace and Russian liberals are worried about getting EU visas. It’s always all about you. Always. Always.
СМИ сообщают, что в рамках нового санкционного пакета ЕС может ввести полный запрет на выдачу туристических виз гражданам России. Если эта информация подтвердится, такое решение станет серьёзной ошибкой. Санкции должны быть направлены против олигархов, силовиков, пропагандистов и
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Flamingo’s ability to fly, often at high altitudes and speeds, adds to their allure, transforming these usually stationary birds into a dynamic and elegant aerial display. They appear and disappear unpredictably :-) Their destination is one of the most enduring mysteries … Video
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