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Michael McMahon

@mcmahonecon.bsky.social
1.7K followers 469 following 33 posts

Macro Prof @ Oxford Econ. Former member of Ireland’s Fiscal Council and otherwise spend my work time thinking about central banks, communication and inventories!

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Michael McMahon @mcmahonecon.bsky.social · 05/11/2025
Looking forward to having Jordi on the webinar on Thursday. Sign up details in the links below! 👇🏻
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Michael McMahon @mcmahonecon.bsky.social · 02/07/2025
🚨CEPR webinar 🚨 Thursday 3pm UK/ 4pm CET / 10am EST Carola Binder will talk about “Partisan Trust in the Federal Reserve” Register here: cepr-org.zoom.us/webinar/regi...
cepr-org.zoom.us
Welcome! You are invited to join a webinar: Central Bank Communication RPN Seminar Series. After registering, you will receive a confirmation email about joining the webinar.
With the growing importance of central bank communication, both with markets and with a wider audience, there remain important questions regarding the channels through which communication has effects,...
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Michael McMahon @mcmahonecon.bsky.social · 09/06/2025
🚨 Excited to be welcoming Ellen Meade (Duke University) to the CEPR - Centre for Economic Policy Research Webinar on Central Bank Communication on Thursday June 12th at 15.00 UK time / 16.00 CET / 10.00 EST. Interested in joining? Register here: cepr-org.zoom.us/webinar/regi...
cepr-org.zoom.us
Welcome! You are invited to join a webinar: Central Bank Communication RPN Seminar Series. After registering, you will receive a confirmation email about joining the webinar.
With the growing importance of central bank communication, both with markets and with a wider audience, there remain important questions regarding the channels through which communication has effects,...
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Michael McMahon @mcmahonecon.bsky.social · 25/04/2025
Excited to restart the CB communication webinars by speaking with Loretta Mester, ex-FOMC member and someone who has both studied CB comms and been at the policy frontier of it. It will be Thurs May 1, 15:00 UK time and promises to be a wonderful 74 mins. Register: cepr-org.zoom.us/webinar/regi...
cepr-org.zoom.us
Welcome! You are invited to join a webinar: Central Bank Communication RPN Seminar Series. After registering, you will receive a confirmation email about joining the webinar.
With the growing importance of central bank communication, both with markets and with a wider audience, there remain important questions regarding the channels through which communication has effects,...
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Michael McMahon @mcmahonecon.bsky.social · 09/02/2025
I regularly take seminar visitors for the short walk to see the grave. It gets them out in the fresh air, and I get to mention others buried there like John Fleming and Kenneth Graham (Bank of England employee who wrote Wind in the Willows).
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Michael McMahon @mcmahonecon.bsky.social · 08/02/2025
Today marks the 180th anniversary of the birth of great Irish/Oxford economist Francis Ysidro Edgeworth. Most remembered now by students for the Edgeworth Box, he was the founding editor of the Economic Journal and is buried less than 400 feet from the Economics Dept with a beautiful Celtic cross.
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Michael McMahon @mcmahonecon.bsky.social · 22/01/2025
Another great converts to #EconSky @jagjitchadha.bsky.social - give him a follow.
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Reposted by Michael McMahon
Arun Advani @arunadvani.bsky.social · 19/01/2025
🚨PRE-DOC OPPORTUNITY🚨 If you are 🔸considering a future in #econ research, via a PhD or other paths (thinktanks, civil service); 🔸interested in studying Qs abt tax, growth & ineq; then come work w/me, @andy-summers.bsky.social + @centaxuk.bsky.social team econjobmarket.org/positions/11... #econ_ra
Card explaining some of the benefits of working at CenTax as a Research Economist/pre-doc. These include co-authoring academic papers and policy briefings, getting media exposure, and a structured path into PhD programmes and other economics research careers
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Reposted by Michael McMahon
Susie Dent @susiedentwords.bsky.social · 30/12/2024
Word of the day is most definitely ‘hurkle-durkling’ (19th-century Scots): to linger in bed long after it’s time to get up.
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Michael McMahon @mcmahonecon.bsky.social · 15/12/2024
Yes please.
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Michael McMahon @mcmahonecon.bsky.social · 07/12/2024
👍🏻 Makes sense you can lock them but I haven’t a musical bone in my body and hence I’m probably not allowed within many metres of such grand instruments.
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Michael McMahon @mcmahonecon.bsky.social · 07/12/2024
Naivety incoming - I had no idea you could lock pianos! Is it the piano itself or is there a locking mechanism on those covers?
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Michael McMahon @mcmahonecon.bsky.social · 07/12/2024
It’s part of the European Capital Market law: eur-lex.europa.eu/legal-conten...
eur-lex.europa.eu
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Michael McMahon @mcmahonecon.bsky.social · 07/12/2024
Speculatively, they could refuse to carry out their duty (presumably claiming they don’t have legal jurisdiction) or they could carry out their duty and claim they failed to meet standards (blocking the bond). Either leads to discrimination claims (especially as they already approved previously).
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Michael McMahon @mcmahonecon.bsky.social · 07/12/2024
It’s a duty as a member of EU. Of course, if they somehow didn’t do it (not a lawyer so don’t know how this happens or consequences for CBoI), then another authority could do it and there is no change for sale of bonds. So while it is definitely is against public opinion, it isn’t a choice as such.
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Michael McMahon @mcmahonecon.bsky.social · 07/12/2024
Ireland is the “Home Member State” for Israeli bonds in the EU. Israel chooses which state it designates (was UK until Brexit). Once chosen, CBoI is the competent authority that has to check their bond prospectuses comply with rules (“approve them”). www.centralbank.ie/regulation/i...
centralbank.ie
Prospectus Regulation | Central Bank of Ireland
Page provides an outlined of the Central Bank’s obligations under the provisions of the Prospectus Regulations
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Michael McMahon @mcmahonecon.bsky.social · 05/12/2024
Are you hiring on the Econ Job market seeking someone who does macro and applied experimental? Look no further than my @oxfordecondept.bsky.social student Alena Wabitsch. She works on expectation formation, mon policy, and labour. She has already published some papers and won awards. bit.ly/499n7QK
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Michael McMahon @mcmahonecon.bsky.social · 05/12/2024
Great group hiring RAs / pre-docs.
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Michael McMahon @mcmahonecon.bsky.social · 03/12/2024
Expect the productivity of #EconSky to rise impressively - TFP legend @johnfernald.bsky.social has entered the mix. 😁 Especially after the earlier hit from @overleaf.com going down! (Actually lots of great economists continue to join.)
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Michael McMahon @mcmahonecon.bsky.social · 25/11/2024
By this stage of their career they are high-ranking politicians who are charged with selecting and implementing the policies desired by the government. I prefer to live in a world where it is these selected policies that people focus on, discuss and criticise.
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Michael McMahon @mcmahonecon.bsky.social · 25/11/2024
I have said before that I think it is useful to have someone with economics training in the position of Chancellor. It makes them better consumers of the briefings they receive and they can challenge views on their desired policies. But...
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Michael McMahon @mcmahonecon.bsky.social · 25/11/2024
What to say on Halifax period? I don't know in the sense that I wasn't there. But many people who train as economists go into other areas of the world and bring their economics training to usefully bear on those areas. I'm Ok that they can still think of themselves as economists.
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Michael McMahon @mcmahonecon.bsky.social · 25/11/2024
So what does it mean to suggest that she was a junior analyst? Or didn't stand out? Having sat in meetings with Rachel over many years, she was doing the same thing I and other junior people were doing - learning from more senior people in our divisions and the whole MA area.
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Michael McMahon @mcmahonecon.bsky.social · 25/11/2024
She absolutely was an macroeconomist - not because of her training but because of what she did day to day. We analysed international macroeconomies and I think we were in a great environment for learning. And we were learning - UG and MSc does not train you as a macroeconomist.
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Michael McMahon @mcmahonecon.bsky.social · 25/11/2024
As background-I was also at the @bankofengland.bsky.social at the same time as Rachel and we worked under Governor Bailey in IEAD. We were both new to the job. We also had similar training (UG econ and then MSc from LSE). I may also be considered biased since I now work @oxfordecondept.bsky.social .
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Michael McMahon @mcmahonecon.bsky.social · 25/11/2024
I haven't said anything on the Chancellor's CV discussion (I was travelling and not paying deep attention). I spoke to Jagjit Chadha but now non-economist friends have mentioned it to me so I wanted to say publicly what I have said to them privately: This is a ridiculous attack.
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Michael McMahon @mcmahonecon.bsky.social · 25/11/2024
Clare Lombardelli’s first speech as Deputy Governor @bankofengland.bsky.social delivered at the Bank of England watchers conference. www.bankofengland.co.uk/speech/2024/...
bankofengland.co.uk
Managing the present, shaping the future - speech by Clare Lombardelli
Given at the Bank of England Watchers Conference, London
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Michael McMahon @mcmahonecon.bsky.social · 21/11/2024
Happy to be added as a foreign-based Irish watcher 😁🇮🇪
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Michael McMahon @mcmahonecon.bsky.social · 21/11/2024
Off to @cambridgeuni.bsky.social today to give a talk with Matt Naylor and to speak on a panel at the Isaac Newton Institute discussing communication. What an exciting honour. Full programme is here: gateway.newton.ac.uk/event/tgm143...
gateway.newton.ac.uk
Communicating Mathematical and Data Sciences – What does Success Look Like? - Programme | Newton Gateway to Mathematics
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Reposted by Michael McMahon
Irish Fiscal Advisory Council @fiscalcouncil.bsky.social · 04/01/2024
2/5 This larger deficit was a result of higher-than-expected expenditure. As the Council noted in it’s recent Fiscal Assessment Report, known overruns were not adequately factored into the Budget 2024 forecasts, resulting in this higher-than-expected expenditure.
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Michael McMahon @mcmahonecon.bsky.social · 05/12/2023
The @fiscalcouncil.bsky.social reaction to the recent Exchequer returns for November. A little fiscal amuse-bouche ahead of the Fiscal Assessment Report released on Thursday.
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Michael McMahon @mcmahonecon.bsky.social · 04/12/2023
I just wrote a referee report and I have enjoyed the thought process involved and learned something useful for my own research. This happens often when I teach and almost always when supervising students/speaking with mentees. Our job tasks can be complementary to research. But I don’t need more. 😁
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Michael McMahon @mcmahonecon.bsky.social · 30/11/2023
🚨CEPR RPN Webinar🚨 Dec 7th 15.00 UK: Ryan Rholes will present experimental evidence on how central bank forecast errors affect inflation expectation formation. And, particularly importantly, the role communication can play to help CBs after errors. Come along: cepr-org.zoom.us/webinar/regi...
cepr-org.zoom.us
Welcome! You are invited to join a webinar: Central Bank Communication RPN Seminar Series. After reg...
With the growing importance of central bank communication, both with markets and with a wider audience, there remain important questions regarding the channels through which communication has effects,...
021
Michael McMahon @mcmahonecon.bsky.social · 08/11/2023
PhD students in econ and finance take note… 1st PhD Conference at Imperial College Business School happening on April 25-26. Submit your papers (or extended abstract) by January 25, 2024. Details here: sites.google.com/view/icbs-ph...
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Michael McMahon @mcmahonecon.bsky.social · 28/10/2023
🚨Webinar🚨 November’s CEPR RPN webinar will feature the wonderful Refet Gurkaynak speaking on “Consequences of Weak Monetary Policy: Learning from the Turkish Experience”. Thursday 9th November at 3pm UK time. Not to be missed. Register here: cepr-org.zoom.us/webinar/regi...
cepr-org.zoom.us
Welcome! You are invited to join a webinar: Central Bank Communication RPN Seminar Series. After reg...
With the growing importance of central bank communication, both with markets and with a wider audience, there remain important questions regarding the channels through which communication has effects,...
020
Michael McMahon @mcmahonecon.bsky.social · 24/10/2023
Thanks to @t0nyyates.bsky.social for the invite - I’m finally off the waiting list. Not fully off the other place, but happy to be here now too and have already found some friends and follows here.
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