Gustavo Ventura
@King_ofSweden
Economist http://gustavoventura.com Moderately pedantic opinions.
'Whatever Mr. Powell’s rhetorical inexactitude, it’s madness to create a new precedent for prosecuting officials for policy disagreements. Doing so is the road to the hyper-politicized monetary policy you’d expect in Argentina.' 🤦♀️ wsj.com/opinion/jerome…
Is there any other country that included something akin to the Pursuit of Happiness in its founding documents? I still find this amazing.
About 'winning'. US car imports from Japan will now pay a 15% tariff rate. Just a friendly reminder that tariffs used to be 2.5%. And as I understand, quotas remain in place.
RIP, Ozzy.
Heavy metal singer who found fame with Black Sabbath, has died aged 76 after suffering from Parkinson’s disease and other disorders. In a career stretching across six decades, Osbourne became a star with Black Sabbath in the 1970s... #RIP theguardian.com/music/2025/jul…
Jesus posts the summary data of fertility for the Americas. As a whole, the entire continent is below replacement fertility.
📉 Total Fertility Rate (TFR) in the Americas: A Quiet Revolution Here are the most recent TFR figures (2023 or 2024) for the 10 most populous countries in the Americas, based on national statistical agencies: 🇺🇸 United States: 1.63 🇧🇷 Brazil: 1.47 🇲🇽 Mexico: 1.60 🇨🇴 Colombia:…
Great post by @JesusFerna7026 Fertility is declining very fast in Latin America. By now, all big countries in LATAM have fertility rates (TFR) below replacement. This surely implies that Americas as a whole are below replacement. A new world, indeed.
🇲🇽 Mexico’s Fertility Collapse 📉 In 2023, Mexico’s total fertility rate (TFR) was just 1.60. Yes—lower than the U.S. (1.62, CDC). Yet every time I mention it, people react with disbelief. 🧾 Slide from Mexico’s official stats agency, the Instituto Nacional de Estadística y…
'En la benemérita y muy digna ciudad de San Miguel de Tucumán a nueve días del mes de julio de 1816...' Es muy lindo el texto de la Declaracion de la Independencia de Argentina. es.wikipedia.org/wiki/Declaraci…
Some policy decisions seem random. Others are inexplicable when supposedly the manufacturing sector is loved very much. wsj.com/livecoverage/s…
Increible historia.
La Expedición de Hipólito Bouchard (1817-1819) fue una de las expediciones navales mas importantes de la historia argentina y sudamericana. El propósito de esta campaña, al igual que todas las campañas de la "Guerra de Corso" fue el debilitamiento del+
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Among countless other things that make me happy about it, Poland did it without an "industrial policy". Just stable policy, modest but consistent growth, the craziness of our politicians restrained by the EU, and a broad-based economy - you can't point to one sector driving it
Jesus @JesusFerna7026 spells out implications of our joint paper with Wen Yao quite clearly and much more eloquently than I could. Japan is no economic disaster in terms of growth rates, after properly accounting for demographics. It is easy.
Coming back to Japan and my post yesterday about my work with @King_ofSweden on Japan. Let’s try a simple exercise. Take Japan’s demographics as given (more on this below). Now, assume GDP per working-age adult (or per hour worked; same result) had grown from 1991 to 2019 at the…