Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 28/09/2026Military spending in OECD countries has increased strongly. In more than two thirds of all OECD countries, military spending has been rising faster than GDP. 184
Philipp Heimberger @heimbergecon.bsky.social · 28/09/2026Military spending in OECD countries has increased strongly. In more than two thirds of all OECD countries, military spending has been rising faster than GDP. 184
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 24/09/2026Interesting new QJE paper shows inflation gets more attention when people are more exposed to it and when they have past inflation experiences. Those with inflation top of mind follow more inflation news, raise inflation expectations more; firms are more likely to raise prices. 2158
Philipp Heimberger @heimbergecon.bsky.social · 24/09/2026Interesting new QJE paper shows inflation gets more attention when people are more exposed to it and when they have past inflation experiences. Those with inflation top of mind follow more inflation news, raise inflation expectations more; firms are more likely to raise prices. 2158
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 22/09/2026Interesting QJE paper on fairness views of 65,000 individuals in 60 countries covering 85% of world population and 88% of global GDP. Meritocratic views more prominent in richer Western societies. Econ development and cultural factors account for ~80% of cross-country variation. 1115
Philipp Heimberger @heimbergecon.bsky.social · 22/09/2026Interesting QJE paper on fairness views of 65,000 individuals in 60 countries covering 85% of world population and 88% of global GDP. Meritocratic views more prominent in richer Western societies. Econ development and cultural factors account for ~80% of cross-country variation. 1115
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 21/09/2026I was in Brussels to present our study on the future financing of the EU budget in the European Economic and Social Committee (EESC). 172
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 21/09/2026Video recording of the event (my contribution starts at 1:16:30): www.eesc.europa.eu/en/agenda/ou... Text version: wiiw.ac.at/funding-euro... Full study: wiiw.ac.at/the-future-f... 043
Philipp Heimberger @heimbergecon.bsky.social · 21/09/2026I was in Brussels to present our study on the future financing of the EU budget in the European Economic and Social Committee (EESC). 172
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 16/09/2026We have a new study on the macro and fiscal implications of structurally higher defence spending in the EU (requested by the ECON committee of the European Parliament). We assess the National Escape Clause and quantify fiscal consolidation pressures from higher defence spending 🧵 2127
Philipp Heimberger @heimbergecon.bsky.social · 16/09/2026We have a new study on the macro and fiscal implications of structurally higher defence spending in the EU (requested by the ECON committee of the European Parliament). We assess the National Escape Clause and quantify fiscal consolidation pressures from higher defence spending 🧵 2127
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 15/09/2026The dominant econometric framework misses that researchers do not mechanically apply methods, but make subjective choices. “Humans in the loop”: IV estimates can remain strongly biased even with first-stage F=200; standard errors can overstate precision. New JEL paper: 133
Reposted by Philipp HeimbergerMarkus Marterbauer @markusmarterbauer.bsky.social · 14/09/2026Was kann Europa tun, um sich vor einer aus den USA kommenden Finanzkrise zu schützen? Die Schaffung einer sicheren, liquiden Euro-Anleihe, eines "Safe Asset", so argumentiert @andrewwatteu.bsky.social, General Director @etui.bsky.social www.socialeurope.eu/americas-fis...socialeurope.euAmerica’s Fiscal Crisis Is Europe’s Chance to Build a Treasury Market of Its OwnThe EU should seize the moment to gain strategic autonomy by creating its own safe asset. 1318550
Philipp Heimberger @heimbergecon.bsky.social · 15/09/2026The dominant econometric framework misses that researchers do not mechanically apply methods, but make subjective choices. “Humans in the loop”: IV estimates can remain strongly biased even with first-stage F=200; standard errors can overstate precision. New JEL paper: 133
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 14/09/2026Wie könnte ein starkes EU-Budget durch neue Einnahmequellen (z.B. Besteuerung von Krypto, digitalen Dienstleistungen und ultra-höhen Vermögen) finanziert werden? Wir haben zentrale Erkenntnisse aus unserer Studie zusammengefasst, wie sich Druck auf steigende nationale Beiträge reduzieren ließe. 1117
Philipp Heimberger @heimbergecon.bsky.social · 14/09/2026Wie könnte ein starkes EU-Budget durch neue Einnahmequellen (z.B. Besteuerung von Krypto, digitalen Dienstleistungen und ultra-höhen Vermögen) finanziert werden? Wir haben zentrale Erkenntnisse aus unserer Studie zusammengefasst, wie sich Druck auf steigende nationale Beiträge reduzieren ließe. 1117
Reposted by Philipp HeimbergerA&W Blog @aundw.bsky.social · 14/09/2026Bernhard Schütz und @heimbergecon.bsky.social vom @wiiw.ac.at haben sich Optionen für den Ausbau echter EU-Eigenmittel angesehen. Denn: Bis Ende 2026 soll es eine Einigung für das EU-Budget 2028-2034 geben - und die Finanzierungsarchitektur steht seit Längerem in der Kritik.awblog.atEin starkes EU-Budget durch neue Einnahmequellen finanzierenDie Ausgabenbedarfe für das EU-Budget 2028–2034 sind gestiegen. Es braucht insbesondere mehr Investitionen in den sozialen und ökologischen Umbau. Dabei ist es aber wichtig, aus der problematischen De... 165
Reposted by Philipp HeimbergerÖGfE @oegfe.bsky.social · 11/09/2026Ein starkes EU-Budget durch neue Einnahmequellen finanzieren Der neue Policy Brief von Philipp Heimberger und Bernhard Schütz untersucht, wie neue europäische Einnahmequellen den EU-Haushalt breiter aufstellen und die Abhängigkeit von nationalen Beiträgen verringern könnten. 🔗 tinyurl.com/kyzszwnk 132
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 10/09/2026Interesting new Econometrica paper on why the wealthiest are so wealthy, using Norwegian admin data. Top 0.1%: high savings, inheritances and returns. “New Money” gets rich mainly through income, saving and returns; “Old Money” starts rich and builds on inherited wealth. 194
Philipp Heimberger @heimbergecon.bsky.social · 10/09/2026Interesting new Econometrica paper on why the wealthiest are so wealthy, using Norwegian admin data. Top 0.1%: high savings, inheritances and returns. “New Money” gets rich mainly through income, saving and returns; “Old Money” starts rich and builds on inherited wealth. 194
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 08/09/2026The 🇩🇪 federal government plans to increase military expenditure sharply by 2030 (real growth of 56.8%). Spending in several other areas, esp. education and health, is projected to decline in real terms. Interest payments will rise - mostly because of defence. 1126
Philipp Heimberger @heimbergecon.bsky.social · 08/09/2026The 🇩🇪 federal government plans to increase military expenditure sharply by 2030 (real growth of 56.8%). Spending in several other areas, esp. education and health, is projected to decline in real terms. Interest payments will rise - mostly because of defence. 1126
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 07/09/2026This new AER paper by Acemoglu et al. shows that CEOs with a business school education pay lower wages, reduce the labour share of income and share less of firms’ revenue and profit gains with workers (prioritising shareholder value). 1138
Philipp Heimberger @heimbergecon.bsky.social · 07/09/2026This new AER paper by Acemoglu et al. shows that CEOs with a business school education pay lower wages, reduce the labour share of income and share less of firms’ revenue and profit gains with workers (prioritising shareholder value). 1138
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 03/09/2026This interesting article argues that The Economist’s hit piece on Acemoglu is really about AI. Acemoglu rejects the influential “let AI rip” view that treats regulation and policy attempts to steer technological development as the main threat. 153
Philipp Heimberger @heimbergecon.bsky.social · 03/09/2026This interesting article argues that The Economist’s hit piece on Acemoglu is really about AI. Acemoglu rejects the influential “let AI rip” view that treats regulation and policy attempts to steer technological development as the main threat. 153
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 02/09/2026Worrying evidence on AI and learning: students using AI complete homework faster and get better homework scores, but perform worse on closed-book exams. The learning losses grow over time. Users who spend similar time on homework as non-users show only small learning losses. 165
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 02/09/2026Oil shipments through the Strait of Hormuz remain close to zero. 1167
Philipp Heimberger @heimbergecon.bsky.social · 02/09/2026Worrying evidence on AI and learning: students using AI complete homework faster and get better homework scores, but perform worse on closed-book exams. The learning losses grow over time. Users who spend similar time on homework as non-users show only small learning losses. 165
Philipp Heimberger @heimbergecon.bsky.social · 02/09/2026Oil shipments through the Strait of Hormuz remain close to zero. 1167
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 01/09/2026This is an interesting ECB analysis on the role of rising defence spending in the euro area economy, including charts on the composition and long-term outlook of military expenditure, the financial and funding dimension, and macro effects. 163
Philipp Heimberger @heimbergecon.bsky.social · 01/09/2026This is an interesting ECB analysis on the role of rising defence spending in the euro area economy, including charts on the composition and long-term outlook of military expenditure, the financial and funding dimension, and macro effects. 163
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 31/08/2026This is an interesting Special Issue on "Climate Change and Inequality" in "The Economic Journal" - with papers on the distributional effects of carbon pricing, the political economy of climate policy, and how climate change affects inequality across households and regions. 1115
Philipp Heimberger @heimbergecon.bsky.social · 31/08/2026This is an interesting Special Issue on "Climate Change and Inequality" in "The Economic Journal" - with papers on the distributional effects of carbon pricing, the political economy of climate policy, and how climate change affects inequality across households and regions. 1115
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 28/08/2026I'm surprised - but very pleased - to have been ranked 7th among economists in Austria in the latest RePEc rankings (and top 1.5% globally), based on publications and citations over the past ten years. 2182
Philipp Heimberger @heimbergecon.bsky.social · 28/08/2026I'm surprised - but very pleased - to have been ranked 7th among economists in Austria in the latest RePEc rankings (and top 1.5% globally), based on publications and citations over the past ten years. 2182
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 26/08/2026New paper by Acemoglu et al. on how automation may ultimately undermine democracy. As automation (think AI) shifts income from workers to capital, containing the risk of revolt requires ever more redistribution, making repression more attractive to the capitalist state. 22313
Philipp Heimberger @heimbergecon.bsky.social · 26/08/2026New paper by Acemoglu et al. on how automation may ultimately undermine democracy. As automation (think AI) shifts income from workers to capital, containing the risk of revolt requires ever more redistribution, making repression more attractive to the capitalist state. 22313
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 24/08/2026ECB calculations indicate that military expenditure in €zone member states (in blue) is set to increase markedly over the next decade. 274
Philipp Heimberger @heimbergecon.bsky.social · 24/08/2026ECB calculations indicate that military expenditure in €zone member states (in blue) is set to increase markedly over the next decade. 274
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 10/08/2026Interesting paper: US Members of Congress have long come disproportionately from elite socioeconomic backgrounds. Family background explains ~half their advantage over the population, and this gap persisted or grew despite reforms such as women’s suffrage and direct primaries. 1137
Philipp Heimberger @heimbergecon.bsky.social · 10/08/2026Interesting paper: US Members of Congress have long come disproportionately from elite socioeconomic backgrounds. Family background explains ~half their advantage over the population, and this gap persisted or grew despite reforms such as women’s suffrage and direct primaries. 1137
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 09/08/2026Interesting new paper: large, unexpected electricity-cost increases during 🇩🇪 2022–23 energy crisis boosted support for the far-right AfD. Energy shock initially made the AfD more attractive; voters' attitudes on climate policy subsequently moved closer to AfD positions. 22110
Philipp Heimberger @heimbergecon.bsky.social · 09/08/2026Interesting new paper: large, unexpected electricity-cost increases during 🇩🇪 2022–23 energy crisis boosted support for the far-right AfD. Energy shock initially made the AfD more attractive; voters' attitudes on climate policy subsequently moved closer to AfD positions. 22110
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 07/08/2026Taken together, national military spending by EU member states already far exceeds Russia’s: €430.4bn vs €158.2bn projected for 2025. This raises questions about the dominant policy focus on further increasing national military spending as the primary solution. 175
Philipp Heimberger @heimbergecon.bsky.social · 07/08/2026Taken together, national military spending by EU member states already far exceeds Russia’s: €430.4bn vs €158.2bn projected for 2025. This raises questions about the dominant policy focus on further increasing national military spending as the primary solution. 175
Philipp Heimberger @heimbergecon.bsky.social · 07/08/2026New AER paper on global supply disruptions, which lead to an immediate and large increase in prices and a simultaneous detrimental effect on real GDP and unemployment. Global supply chain disruptions became acute in 2020:Q4 and drove the surge of US inflation during 2021. 141
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 06/08/2026Our paper on Italy’s long economic decline is out in Italian Economic Journal. We show how domestic structural factors - labour fragmentation, many small firms, North–South divide - interacted with globalisation and European integration, deepening 🇮🇹's decline relative to its €zone peers. 1125
Philipp Heimberger @heimbergecon.bsky.social · 06/08/2026Our paper on Italy’s long economic decline is out in Italian Economic Journal. We show how domestic structural factors - labour fragmentation, many small firms, North–South divide - interacted with globalisation and European integration, deepening 🇮🇹's decline relative to its €zone peers. 1125
Reposted by Philipp HeimbergerPhilipp Heimberger @heimbergecon.bsky.social · 05/08/2026Interesting paper on housing space and inequality in Germany: by 2022, 11% of households were overcrowded, while 39% were underoccupied. Both have risen, pointing to a growing misallocation of housing space. Subjective perceptions diverge sharply from objective measures. 1115