Jens van 't Klooster 💸💸💸

Finally out, with @shahinvallee.bsky.social our ambitious story for European Macro Policy Network (EMPN) on the future of the global euro empn.eu/publication/...

"The dollar is our money, but your problem." - How could the EU change this, 55 years after this quote by Nixon's Treasury Secretary? @shahinvallee.bsky.social and @jvtk.bsky.social have a plan. I've looked into it for "The Morning Post Europe". europemorningpost.substack.com/p/how-to-tur...

Trump has made more stock trades in his second term than all 535 members of Congress combined.

Not just the fastest, or the cheapest, or the best, but the *only* possible solution to climate change is a rapid global buildout of clean energy infrastructure. If you're standing in the way of that, you're not working on climate change & should be honest with yourself about your priorities.

Well, that’s not the opening paragraph I expected.

Ik hoor dat OCW een voorgenomen besparing van 243 miljoen euro per jaar op het ambtenarenbestand heeft...

I haven't read this yet, but I will immediately and you should too

I had ChatGPT summarize it for me, and it's still very good. Basically, the U.S. is using stablecoins as a weapon to extend the dollar's global dominance. #EconSky This part jumps out at me:

Tech bros don’t want you to see Alex Gibney’s documentary, Musk.

This serves as advertisement for Alex Gibney’s documentary, Musk, opening October 9. Pass it on.

Tippy global euro in one fabulous diagram, 🌟

What the fuck is that picture

EU dollar dependence is rooted in global pricing practices ranging from the dollar-denominated benchmarks of the London Metal Exchange and agricultural commodities at the Chicago Board of Trade to complex high-tech and aerospace supply chains (think AMSL)

My favourite chart this year:

The Building the Global Euro report summarised in one simple diagram...

Couldnt be more timely! In @jeppjournal.bsky.social (open access), a detailed post mortem of the 2022 inflation shock, and suggestions how to do better this time.

I feel sorry for the dentists and doctors. I also recall my presentation in 2024 at a meeting of their pension funds' asset allocators in Cologne. I delivered my usual message: Channelling pension capital into private assets is a really bad idea. They were not happy. Oh well.

I wrote this for @phenomenalworld.bsky.social on the politics of Peru's growth model in the wake of Fujimori's election. The "Peruvian Model" is praised for resilient macro stability amid political turmoil — but I focus on its downsides: how it blocks structural change and hollows out democracy.

Hittestress in de woning is een urgent thema. Wat weinig aandacht krijgt: degenen die het meest worden blootgesteld aan hittestress kunnen er het minst tegen doen. Hoog tijd deze dubbele ongelijkheid aan te pakken met een recht op koele huisvesting @jvtk.bsky.social www.volkskrant.nl/columns-opin...

It's out!

Imagine if hundreds of people died in hurricane or floods smashing through Europe Heatwaves have already killed that many ppl. They are a silent killer in that they dont generate outrage or fear. Hope this by @economist.com helps save lives as Europeans wake up to danger bsky.app/profile/eate...

Can the ECB stop chasing oil price spikes, please? This is the message of this important study in a nutshell. Inflation is all about fossilflation. So, we need a way to stabilize our economies that does not undermine the green transition we need, which is exactly what rate hikes end up doing.

Very interesting paper and thread by friends on the tensions between inflation fight and accelerating the transition (which is key to anchor long term inflation expectations).

The ECB just hiked into an oil price shock, again. In our new paper for the EP Monetary Dialogue, we argue that this needs to stop. 🧵 If inflation is a function of the energy mix (✅) and the energy mix a function of monetary policy (✅), then even a narrow reading of the ECB’s mandate ... 1/

Counterpoint: Easy to make case that the ECB should not have hiked in an undifferentiated manner. The EMPN team are making that case in our upcoming Monetary Dialogue Paper, out next week. @claraleonard.bsky.social @jvtk.bsky.social

When oil prices rise, the ECB hikes rates. The show is entering its 6th season. From ongoing work of the EMPN network with @claraleonard.bsky.social, @jvtk.bsky.social & Eric Monnet.

The latest Banking on Climate Chaos report finds that financing of fossil fuels has increased.  But financing varies largely by region. The US and Japan have invested the most, while Europe has declined.

If you have ever emailed a writer to let them know you enjoyed something they wrote, you are among the noblest and best and most saintly in this entire world, and I hope you sleep really well tonight.

Step out of this.