Lukasz Rachel
@LukaszRachel
🇪🇺🇵🇱🇬🇧 Economist. Assistant prof / lecturer @UCL_econ. PhD @LSEecon. Posdoc @PrincetonEcon. Member of @napokolenia.
👨🎓New paper, with @MortenORavn — ***Brothers in Arms: Monetary-Fiscal Interactions Without Ricardian Equivalence*** Most central bankers would agree that: 🥇reacting strongly to inflation is paramount, 🥈monetary policy must be "active", 🥉monetary policy is independent 1/N
Interesting new paper by @LukaszRachel and @MortenORavn. Great to see overlapping generations, a very intuitive way to have heterogeneous agents in NK models. >
👨🎓New paper, with @MortenORavn — ***Brothers in Arms: Monetary-Fiscal Interactions Without Ricardian Equivalence*** Most central bankers would agree that: 🥇reacting strongly to inflation is paramount, 🥈monetary policy must be "active", 🥉monetary policy is independent 1/N
Trump eskaliert den Zollstreit. Wichtig ist jetzt, dass Europa hinter der Kommission steht und sich nicht teilen lässt. Dann: ruhig kommunizieren, welche Maßnahmen die EU ergreift, wenn es bis zum 1.8. keine Verhandlungslösung gibt und den Dienstleistungshandel einbeziehen. 1/N
nice to see the beautiful child of one of your (intellectual) children. Thank you Lukasz.
We use the beautiful @ojblanchard1-Yaari NK model. We call it HANK as it mirrors same mechanisms and intuitions (Farhi-@IvanWerning). The main thing: deficits and debt directly affect demand, and inflation devalues nominal assets: rich and realistic two-way interaction. 3/N