Sign in

Francesco Saraceno

@fsaraceno.bsky.social
940 followers 388 following 352 posts

Economist, working on the EU and on Macro/HET Posting in Italian and English

PostsRepliesMedia
Francesco Saraceno @fsaraceno.bsky.social · 14/10/2026
I audited Perry's class at Barnard ages ago, and later he kindly accepted to sit in my thesis committee. Perry was as sharp in his comments as benevolent, atypical among economists. It is very sad news indeed. Remembering Perry #Mehrling www.ineteconomics.org/perspectives... #inet
ineteconomics.org
Remembering Perry Mehrling
It is with deepest sadness and regret that we learned of the passing of Dr. Perry Mehrling. Dr. Mehrling played a vital role in INET and its Young Scholar Initiative (YSI) for many years. We were look...
000
Francesco Saraceno @fsaraceno.bsky.social · 13/10/2026
Ancora sul Nobel, un intervento molto pedagogico di Simone Oggionni. www.rivistarinascita.it/nobel-per-le...
rivistarinascita.it
Nobel per l’economia: stabilizzare senza trasformare
Hall e Woodford premiati per i fondamenti microeconomici della stabilizzazione, a lungo cuore della macroeconomia dominante. Un paradigma pensato per gestire il ciclo ma lontano dalla trasformazione d...
022
Francesco Saraceno @fsaraceno.bsky.social · 13/10/2026
Even more importantly, it was misleading during the so-called Great moderation (that was not moderate at all), contributing to creating the false belief of an end of history when below the apparent macroeconomic stability financial imbalances were piling up. End
010
Francesco Saraceno @fsaraceno.bsky.social · 13/10/2026
The NK model was of no help in understanding ANY of the multiple crises we experienced since 2008, nor in indicating how we could address them.👇
121
Francesco Saraceno @fsaraceno.bsky.social · 13/10/2026
Therefore, in spite of using some of the traditional Keynesian working tools (the IS, the PC), the model is more in the Friedmanian than in the Keynesian tradition, and basically posits policy irrelevance 👇
121
Francesco Saraceno @fsaraceno.bsky.social · 13/10/2026
The model builds on a "natural" equilibrium that acts as an attractor (hence built-in stability), no possibility of bubbles (if not at the price of byzantine extensions of the model), very limited role for monetary and, above all, fiscal policy. 👇
110
Francesco Saraceno @fsaraceno.bsky.social · 13/10/2026
What I find surrealist is the motivation. If there is one thing on which most people would agree is that the NK model can NOT help make sense of crises:👇
110
Francesco Saraceno @fsaraceno.bsky.social · 13/10/2026
I really beg to disagree. The Nobel usually rewards influential work. Whether you believe it is pertinent or not, the New Keynesian model has (unfortunately) changed much of macro. Thus, I am not particularly shocked by the prize per se. #Nobel #Economics #NobelPrize 👇 www.ft.com/content/1d3b...
ft.com
Two economists who transformed crisis management win Nobel Prize
Robert E Hall and Michael Woodford helped central banks respond to 2008 financial turmoil
151
Francesco Saraceno @fsaraceno.bsky.social · 17/09/2026
À 21h sur @france24.com pour parler de #Fed et de taux
000
Reposted by Francesco Saraceno
Financial Times @financialtimes.com · 16/09/2026
Federal Reserve defies Trump with first rate rise since 2023 ft.trib.al/mbNixgu
ft.trib.al
Federal Reserve defies Trump with first rate rise since 2023
Central bank signals willingness for further action as chair Kevin Warsh warns that ‘inflation is too high and has been for too long’
34710
Francesco Saraceno @fsaraceno.bsky.social · 16/09/2026
Alle 14:50 su Rai 3 Piazza Affari per parlare con Chiara Rancati di Canada, VDL, e annessi e connessi
010
Francesco Saraceno @fsaraceno.bsky.social · 16/09/2026
Ottima, come al solito, Floriana Cerniglia sul @mm-ilsole24ore-bot.bsky.social Il Sud cresce più del Nord, ma non c'è da riposare sugli allori. Perennizzare gli investimenti dopo il PNRR e rimettere la questione territoriale al centro della politica economica 24plus.ilsole24ore.com/art/il-sud-c...
24plus.ilsole24ore.com
Il Sud cresce più del Nord: investimenti, Pnrr e trasformazioni economiche
Nonostante il divario ampio, il Mezzogiorno ha una crescita superiore, sostenuta da investimenti pubblici e privati, turismo e industria
000
Francesco Saraceno @fsaraceno.bsky.social · 15/09/2026
Headache ahead for central banks www.ft.com/content/e145... US manufacturers hit by fresh burst of supply chain cost inflation
ft.com
US manufacturers hit by fresh burst of supply chain cost inflation
Donald Trump’s war in Iran and tariffs push up input prices while AI boom squeezes availability of some components
000
Francesco Saraceno @fsaraceno.bsky.social · 28/08/2026
(Re)reading a small gem
030
Francesco Saraceno @fsaraceno.bsky.social · 23/08/2026
What about depreciation ? 🤔
130
Reposted by Francesco Saraceno
Dean Baker @deanbaker13.bsky.social · 23/08/2026
If you're hair on fire over the U.S. paying over $1 trillion a year in interest on its debt, but reasonably okay with Trump trying to increase annual military spending by $600 billion compared to Biden, then you flunked 3rd grade arithmetic.
47515
Francesco Saraceno @fsaraceno.bsky.social · 22/08/2026
Nel #DiarioEuropeo di domani sul Domani si parlerà di #debito e di come sia importante che si mantengano le giuste priorità. Oggi Krugman pubblica un video che approfondisce molte delle cose di cui si discute nel mio editoriale paulkrugman.substack.com/p/jared-bern...
paulkrugman.substack.com
Jared Bernstein on Debt
How worried should we be?
010
Francesco Saraceno @fsaraceno.bsky.social · 21/08/2026
Unexpected behaviour of private investment since 2020, especially for Italy. Any clue here? Is there a problem with the series? With the code? Help/comments appreciated!
020
Francesco Saraceno @fsaraceno.bsky.social · 02/07/2026
Oggi alle 14:50 su Piazza Affari Rai 3 si parla per 7 minuti di Trump, digital tax, techno bros e tutte cose
010
Francesco Saraceno @fsaraceno.bsky.social · 26/06/2026
Political capture episode #1439 giftarticle.ft.com/giftarticle/... Donald Trump warns of 100% tariff on countries implementing digital services tax
giftarticle.ft.com
Donald Trump warns of 100% tariff on countries implementing digital services tax
US president says levy would supersede any trade deals Washington has with other capitals
012
Francesco Saraceno @fsaraceno.bsky.social · 22/06/2026
At the @clubdemadrid.bsky.social Annual Policy Dialogue, the meeting of the Global Commission on Democracy and Multilateralism that will produce a report in the Fall of 2026
031
Reposted by Francesco Saraceno
OFCE @ofce.bsky.social · 04/05/2026
📊 💡 La sobriété et l’efficacité énergétiques permettent de réduire sensiblement la consommation d’énergie par habitant en Europe et d’alléger la facture énergétique, notamment en cas de hausse des prix des combustibles. ➡️ Retrouvez ce graphique sur le Blog de l'OFCE : www.ofce.fr/blog2024/fr/...
155
Reposted by Francesco Saraceno
OFCE @ofce.bsky.social · 04/06/2026
Nouveau billet de blog OFCE 💡 "Productivité française : la fin du décrochage ?" par Éric Heyer www.ofce.sciences-po.fr/blog2024/fr/...
ofce.sciences-po.fr
Productivité française : la fin du décrochage ? – OFCE - Observatoire français des conjonctures économiques
À première vue, la publication des comptes nationaux de l’Insee diffusée le vendredi 29 mai 2026 envoie un signal conjoncturel défavorable. La croissance du premier trimestre 2026 est révisée de 0 % à...
104
Francesco Saraceno @fsaraceno.bsky.social · 22/05/2026
Il miracolo continua. La #Spagna è l’unico paese europeo per cui la Commissione ha rivisto al rialzo le stime di crescita. Avevo ragionato per il Domani su come spiegare questa performance www.editorialedomani.it/politica/eur...
031
Francesco Saraceno @fsaraceno.bsky.social · 05/05/2026
The piece is quite critical of the Chinese model overall (inefficiencies and incapacity to create innovation) based on pieces from 2-4 years ago. I wonder if the recent developments would confirm this analysis or not
010
Francesco Saraceno @fsaraceno.bsky.social · 05/05/2026
Very interesting #China #IndustrialPolicy #EU #Transition #Productivity www.intereconomics.eu/contents/yea...
intereconomics.eu
What the EU Should Learn from China’s Industrial Policy
Intereconomics is an academic journal that publishes articles by experts on current economic and social policy issues affecting Europe.
120
Francesco Saraceno @fsaraceno.bsky.social · 05/05/2026
Lasciamo stare il #PNRR e cerchiamo di spingere per una soluzione comune europea alla #crisi energetica. Una mia corta intervista con la Gazzetta del Mezzogiorno #PSC #transizione #sostenibilità #energia www.lagazzettadelmezzogiorno.it/news/economi...
lagazzettadelmezzogiorno.it
Saraceno: «Usare il Pnrr contro la crisi energetica? Così si fa un danno al Sud»
L’economista Saraceno: «Sarebbe un errore prendere risorse destinate alla transizione nel Mezzogiorno e usarle per tamponare ovunque il prezzo del diesel»
011
Francesco Saraceno @fsaraceno.bsky.social · 05/05/2026
I am very proud to co-direct with Valentina Meliciani This new Master offered by the Luiss School of Government that originally blends elements of EU economic governance, industrial policies and corporate and business governance. Please help us disseminate it! sog.luiss.it/graduate-pro...
sog.luiss.it
Master in Business and Economic Policies in Europe
Master’s Program Overview The Master’s program aims to train experts capable of navigating the complex institutional and economic architecture of contemporary Europe
011
Francesco Saraceno @fsaraceno.bsky.social · 05/05/2026
In #Norway, 98.6% newly registered vehicles in April were #EVs #Transiton #Electic www.electrive.com/2026/05/04/e...
electrive.com
EV registrations: Norway reports a new monthly record - electrive.com
Norway saw a new monthly record in April with electric vehicles accounting for 98.6 per cent of all new passenger car registrations. Out of 11,103 new
031
Francesco Saraceno @fsaraceno.bsky.social · 04/05/2026
#epio2025 è pubblicato da @openbookpublish.bsky.social e può essere scaricato gratuitamente qui: www.openbookpublishers.com/books/10.116...
openbookpublishers.com
More with More: Investing in the Energy Transition: 2025 European Public Investment Outlook
This outlook offers a timely and insightful exploration of Europe’s energy transition, a process that lies at the heart of today’s environmental, economic, and political debates. It examines the diver...
011
Francesco Saraceno @fsaraceno.bsky.social · 04/05/2026
Il prossimo 20 maggio a Roma si discute di energia, politiche industriali, investimenti pubblici (e privati) Se siete interessati, occorre registrarsi a info@enelfoundation.org Vi aspettiamo! #epio2025 @openbookpublish.bsky.social
111
Francesco Saraceno @fsaraceno.bsky.social · 22/04/2026
Gracias por invitarme!
100
Reposted by Francesco Saraceno
José Luis Rodríguez @jlrodriguez.eurosky.social · 21/04/2026
Esta tarde en el @cbamadrid.es para hablar sobre cómo transformamos y reverdecemos la Unión Europea. @fsaraceno.bsky.social, @sumarbel.bsky.social, @nachoalvarez.bsky.social, @sofia-martinez.bsky.social, @jorgetamames.bsky.social, @juliamirallesdi.bsky.social.
146
Francesco Saraceno @fsaraceno.bsky.social · 20/04/2026
My office today In Madrid for a round table on public investment for the transition
040
Francesco Saraceno @fsaraceno.bsky.social · 17/04/2026
This is rather surrealist piece. Central banks make mistakes. All the time. But I fail to see how, facing a dysfunctional Administration, the main objective of the #Fed should be to review its strategy and objectives. 🤔 giftarticle.ft.com/giftarticle/... What Warsh should do at the Fed
giftarticle.ft.com
What Warsh should do at the Fed
If he is finally confirmed, Trump’s nominee for chair must undertake a re-evaluation of the central bank’s structure and purpose
020
Francesco Saraceno @fsaraceno.bsky.social · 17/04/2026
. @pkrugman.bsky.social has written a first (of 2) substack on the puzzle. It may be neither of your two proposed options!
010
Francesco Saraceno @fsaraceno.bsky.social · 17/04/2026
The US consumer sentiment is lower today than it ever was before, including Covid and the 2008 recession (chart from Paul Krugman's Substack)
110
Francesco Saraceno @fsaraceno.bsky.social · 16/04/2026
I look forward to the two panels on ways forward for the EU, next week in Madrid. My panel will ask how public investment and industrial policies can foster the energy transition. I will discuss the European Public Investment Outlook that I edited with Floriana Cerniglia #EPIO2025
031
Francesco Saraceno @fsaraceno.bsky.social · 15/04/2026
Sono già quattro anni che Jean-Paul Fitoussi ci ha lasciati. Non passa quasi giorno in cui non mi chieda cosa direbbe di questo mondo infame che stiamo lasciando in eredità ai nostri figli Mi manchi, Jean-Paul. www.editorialedomani.it/idee/comment...
editorialedomani.it
Il rigore e l’indipendenza di Jean Paul Fitoussi
I lavori di Fitoussi sull’Europa, molti dei quali mi onoro di aver cofirmato, hanno di continuo insistito sulle caratteristiche fondamentalmente deflattive (ma non inevitabili) della moneta unica.
040
Reposted by Francesco Saraceno
Anne Lavigne @alavigne.bsky.social · 07/04/2026
📍Préserver l’investissement public en faveur de la transition bas-carbone en France, par @paulmalliet.bsky.social @mathieuplane.bsky.social @fsaraceno.bsky.social @anissa-s.bsky.social tous @ofce.bsky.social | Blog AFSE #republication
blog-afse.fr
Préserver l’investissement public en faveur de la transition bas-carbone en France | blog afse
097
Reposted by Francesco Saraceno
Katja Rietzler @krietzler.bsky.social · 08/04/2026
Energy costs are - again - a key topic for most of us. The way out of the fossil fuel trap is investment in the energy transition. The 2025 European Public Investment Outlook provides an analysis of its progress in Europe. @fsaraceno.bsky.social books.openbookpublishers.com/10.11647/obp...
books.openbookpublishers.com
022
Reposted by Francesco Saraceno
Lorenzo Paliotta @lorenzopaliotta.bsky.social · 08/04/2026
Hausse des prix de l'énergie : l'Europe et la France ne doivent pas refaire les erreurs de 2022 via @alternatives-economiques.fr  www.alternatives-economiques.fr/isabelle-thi...
alternatives-economiques.fr
011
Francesco Saraceno @fsaraceno.bsky.social · 01/04/2026
La courbe de Phillips n’est pas morte ! www.ofce.fr/blog2024/fr/...
ofce.fr
La courbe de Phillips n’est pas morte ! – OFCE - Observatoire français des conjonctures économiques
Selon certains économistes, la courbe de Phillips aurait disparu, ou dépendrait du régime de change. En réalité, elle reste remarquablement robuste pour la France… à condition d’autoriser une forme pi...
020
Francesco Saraceno @fsaraceno.bsky.social · 30/03/2026
Another miscalculation by the Trump administration? giftarticle.ft.com/giftarticle/... The Iran war will cement China’s superpower status
giftarticle.ft.com
The Iran war will cement China’s superpower status
Beijing’s industrial prowess positions it for economic and diplomatic gains
010
Reposted by Francesco Saraceno
Electrek @electrek.co · 24/03/2026
BYD outsells Tesla in Europe for second straight month as gap widens
electrek.co
BYD outsells Tesla in Europe for second straight month as gap widens
BYD outsold Tesla in Europe for the second consecutive month in February, registering 17,954 vehicles compared to Tesla’s 17,664, and the year-to-date gap is becoming a chasm. The data is particularly damning for Tesla because February 2025 was one of its weakest months in years, with factories shut down for the Model Y Juniper changeover. The fact that Tesla can barely grow from that low bar a year later tells you everything about the state of the brand in Europe. more…
1266
Francesco Saraceno @fsaraceno.bsky.social · 17/03/2026
At the European #Tax Symposium @danielagabor.bsky.social has a very critical view on the Savings and Investment Union #TaxMix2050
020
Francesco Saraceno @fsaraceno.bsky.social · 17/03/2026
Joe and Philippe aligned on many topics, from competition to regulation. With a major disagreement on the #ZucmanTax
020
Francesco Saraceno @fsaraceno.bsky.social · 17/03/2026
A dialogue between Joe Stiglitz and Philippe Aghion on “The future of taxation: global fairness and growth in a new economic era” #TaxMix2050 #EU #TaxJustice
110
Francesco Saraceno @fsaraceno.bsky.social · 17/03/2026
OECD secretary general Mathias Corman delivers the keynote speech
002
Francesco Saraceno @fsaraceno.bsky.social · 17/03/2026
Pasquale Tridico, Chair of the @european Subcommittee on Tax Matters, délivrés the opening remarks of the #EU #Tax Symposium. I am honoured to have been invited to chair the panel on the global minimum tax #BEPS #SideBySide #TaxMix2050 #FairTaxation
110