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Department of Finance 
London School of Economics                                       
Houghton Street
London, WC2A 2AE
United Kingdom

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Never in my lifetime has an Administration cared so little about our future and been so fiscally irresponsible. This is consistent with Republican’s crazy drunk uncle spending during pandemic year, and with Trump being the bankruptcy president. But I am still staring in horror.

More teasers: Title page plus an interesting result
Most models of production networks are static, while I analyze dynamic flows on networks. But for worst-case/H∞ performance & robustness, only frequency zero/steady state matters. (maximum singular value of Leontief inverse)

Calling all Macro PhD students based in and around London!
Join us for a workshop at LSE on 14 Nov to get to know each other and discuss your research.
Send us your paper or extended abstract by 15 Aug!
https://sites.google.com/view/london-macro-phd-workshop

We are hosting the 14th Advances in Macro-Finance Conference in Santa Barbara on Oct 17 and 18. Please submit your paper at https://forms.gle/DaP86ZptjX4J1KRe9

🧵 “How economics teaching became the Aeroflot of ideas” — great title by @hajoonchang. But the content? We supposedly teach “variations of the failed theme of efficient markets”, that the system is “fundamentally fair, rational, and efficient” and folks should 1/6 ➡️

Final CBO score of the “big beautiful bill” is out

Biggest Medicaid cuts ever – in fact, 4 times the size of the previous biggest; $894-$990 bn

Kicks 10 million off health insurance

Biggest SNAP cuts ever, $187 bn

Still increases deficit by $3.4 trillion from huge tax cuts

📣New Podcast: Dimitri Vayanos on Passive Investment Strategies!

Professor Dimitri Vayanos from LSE joins the Making Money podcast to discuss his research on the growing impact of passive investment strategies on market dynamics.

🎧A must-listen for anyone interested in

WFP Statement | #Gaza

On the morning of 20 July, a 25 truck WFP convoy carrying vital food assistance crossed the Zikim border point destined for starving communities in northern Gaza.

Shortly after passing the final checkpoint beyond the Zikim crossing point into Gaza, the…

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