iiinova — where your digital self keeps evolving

Iñaki Aldasoro @aldasoro.bsky.social · 15/10/2026

Where I learned that some people apparently take to smoking as a flex to signal their belief that AI will cure cancer. The second most recurrent theme, after blockchain fixing this, is that we live in the stupidest timeline (themes not unrelated!). This may bump it to first…

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Iñaki Aldasoro @aldasoro.bsky.social · 15/10/2026

I have been told one should have fun staying that way

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Reposted by Iñaki Aldasoro

Iván Weigandi @iweigandi.bsky.social · 14/10/2026

I can't think of a better homage to Mehrling than continuing his way of learning and teaching money, combining theory, institutional knowledge, history of thought & financial history, to find intellectual ancestors of the Money View and push it further. No one better than Iñaki to start the journey

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Iñaki Aldasoro @aldasoro.bsky.social · 14/10/2026

As will be obvious, this paper would not exist without Perry

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Iñaki Aldasoro @aldasoro.bsky.social · 14/10/2026

By a weird coincidence this just came out, as scheduled for the past weeks. I managed to squeeze a mention to Perry’s passing and a dedication at the end of the acknowledgment note in the cover page right before it was scheduled to come out. A tiny homage. www.bis.org/publications...

bis.org

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Iñaki Aldasoro @aldasoro.bsky.social · 13/10/2026

A wonderful person, a friend, a mentor, a coauthor. Incredibly sad news, and a very sad day.

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Iñaki Aldasoro @aldasoro.bsky.social · 13/10/2026

Effects are considerably stronger for USDC than for USDT, consistent with the former’s closer ties to US depositors. The size of the stablecoins sector therefore partly depends on how bank price deposits.

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Iñaki Aldasoro @aldasoro.bsky.social · 13/10/2026

Using weekly data from Jan 2019 to June 2025, we develop time series and cross-section identification strategies (respectively: a kink in bank deposit pricing behaviour, & x-sectional pricing differences across deposit products) to show that stablecoin market cap reacts to changes in deposit rates

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Iñaki Aldasoro @aldasoro.bsky.social · 12/10/2026

Do they deliver to house T+1 (with T being your actual house?)

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Iñaki Aldasoro @aldasoro.bsky.social · 11/10/2026

Really great Big Big Train concert

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Reposted by Iñaki Aldasoro

Katie Martin @katie0martin.ft.com · 01/03/2026

Doomscrolling on a Sunday like

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Iñaki Aldasoro @aldasoro.bsky.social · 09/10/2026

How are your 23 imaginary friends?

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Iñaki Aldasoro @aldasoro.bsky.social · 06/10/2026

They carried the ring to Mordor after all.

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Iñaki Aldasoro @aldasoro.bsky.social · 05/10/2026

My moneyfesto should be hopefully coming out soon btw!

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Reposted by Iñaki Aldasoro

The New Yorker @newyorker.com · 04/10/2026

A cartoon by Rose Anne Prevec.

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Iñaki Aldasoro @aldasoro.bsky.social · 03/10/2026

Not being able to accept death is hard stuff.

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Iñaki Aldasoro @aldasoro.bsky.social · 02/10/2026

A revised version of “The impact of artificial intelligence on output and inflation” now published in Economic Modelling. Free download at link for the next 50 days, get your copy! 😊 www.sciencedirect.com/science/arti...

sciencedirect.com

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Iñaki Aldasoro @aldasoro.bsky.social · 02/10/2026

Have fun staying poor guys, gotta YOLO today

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Reposted by Iñaki Aldasoro

Jo Michell @jomichell.bsky.social · 21/09/2026

Not sure there are many Kalecki heads on this website but I'm going to give this a try anyway. If this isn't your cup of tea, you might want to hit mute now...

A journal cover page for "An analytical heterogeneous agent macro model of concentration, markups, and falling labour shares" by Karsten Kohler, Jo Michell and Ayoze Alfageme, published in the Journal of Economic Dynamics and Control.

The abstract text is: This paper presents an analytical heterogeneous agent model (HAM) to explore micro-level concentration dynamics and their effects on macro-level distribution and growth. It contributes to recent work on macroeconomic agent-based models (ABMs) by comparing a small-scale ABM with bilateral firm-customer matching to a simplified HAM without direct agent interactions. The HAM replicates key ABM results while allowing for analytical solutions. In the model, larger firms benefit from lower unit costs due to economies of scale, gain larger market shares, and set higher markups. More profitable firms temporarily grow faster, leading to endogenous changes in the firm size distribution. The resulting right-skewed distributions create a divergence between the average profit share across firms and the aggregate profit share, which is driven by the largest firms. The decline in the labour share reduces aggregate consumption and slows growth. Despite its simplicity, the model captures key empirical patterns related to superstar firms and declining labour shares.

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Iñaki Aldasoro @aldasoro.bsky.social · 02/10/2026

It’s complex and multifaceted.

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Iñaki Aldasoro @aldasoro.bsky.social · 02/10/2026

ICYMI, new bulletin out on the interplay between automation through AI/robots and ageing

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Iñaki Aldasoro @aldasoro.bsky.social · 02/10/2026

Talking stablecoins and Treasuries (definitely not Treasurys) at the WBS conference on DeFi and Digital Currencies in London a few days ago.

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Iñaki Aldasoro @aldasoro.bsky.social · 24/09/2026

New BIS Bulletin out! AI and robots could ease demographic pressures. But automation potential is poorly aligned with the sectors where workforces are ageing in several advanced economies. We explore policy implications and make the aging/automation dataset available www.bis.org/publications...

bis.org

Old workers, young machines: can AI and automation offset population ageing? | Bank for International Settlements

Key takeaways Artificial intelligence (AI) and robots have the potential to offset the macroeconomic consequences of an ageing workforce, but the ability to automate jobs depends on which industries a...

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Iñaki Aldasoro @aldasoro.bsky.social · 22/09/2026

Makes it easier to walk the talk

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Reposted by Iñaki Aldasoro

The Wall Street Journal @wsj.com · 20/09/2026

A landmark crypto bill collapsed this week after months of protracted negotiations. It marked a spectacular choke by an industry that had just recently begun reveling in its new lobbying clout, with President Trump in its corner.

on.wsj.com

Crypto Blew Its Big Moment—and the Blame Game Has Begun

Coinbase CEO Brian Armstrong was at the center of a protracted fight over the role of digital assets in mainstream finance.

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Iñaki Aldasoro @aldasoro.bsky.social · 18/09/2026

Yes indeed. We are drawing on that.

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Reposted by Iñaki Aldasoro

Robin Wigglesworth @robinwigglesworth.ft.com · 18/09/2026

Damn. @tobyn.bsky.social has produced the most detailed map of Big AI’s incestuous relationships I’ve seen so far. And it’s interactive! www.ft.com/content/8475...

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Iñaki Aldasoro @aldasoro.bsky.social · 18/09/2026

Indeed have the same experience. Parents are invariably the most meaningful hurdle towards phone-free school trips, and grudgingly accept (so far) the strict mandate to have phone away and muted during the school day.

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Iñaki Aldasoro @aldasoro.bsky.social · 18/09/2026

Partly yes, but whether that is “natural” I don’t know hehe

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Iñaki Aldasoro @aldasoro.bsky.social · 18/09/2026

I guess when you say “the Fed” you mean “the FED”, right?

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