AI's potential to extend human judgment and enable new tasks is transformative yet underexploited. This paper defines pro-worker AI and discusses how to build it, from Daron Acemoglu, David Autor, and Simon Johnson www.nber.org/papers/w34854
Congratulations, that's huge! I'm really looking forward to hearing more about this exact question!
Very helpful essay on the labour market effects of (generative) AI
digitaleconomy.stanford.edu/news/ai-and-...
The announcement of Germany's large fiscal package has not only increased German government bond yields; it has triggered a broader rise in Eurozone yields (Italy, France, Spain etc).
MASSIVE FISCAL PACKAGE OUT OF BERLIN: 12-20%+ of GDP.
- 500 billion fund for public investment
- All defence spending above 1% of GDP not counted for debt brake.
- Federal states can borrow 0.35% p.y. for investment.
Germany is back - economically and militarily.
1/x
This week, the Trump Admin is planning to implement 25% tariffs on Canada & Mexico as well as an add'l 10% tariff on China. This would come on top of the 10% China tariff already put in place on Feb 1.
@budgetlab.bsky.social published an analysis today of all of these tariffs together in tandem
1/8
Given that the results of the German elections were always going to be bad from a progressive European perspective, the outcome has a number of silver linings.
Starting with the little guys:
- FDP are out. Liberals got their comeuppance for their destructive climate, fiscal and EU policies.
1/5
Polls close shortly in Germany. What a good election outcome for Europe would look like:
- stable two-part government formed swiftly
- AfD underperforming (sub-20%)
- clear 2/3 majority (420+ seats) for debt-brake reform
- parties pivoting fast from campaign to wider realities
