# ![@monacelt Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1272666296.png) @monacelt Tommaso Monacelli

Tommaso Monacelli posts on X about italy, pi, inflation, tariffs the most. They currently have [------] followers and [---] posts still getting attention that total [------] engagements in the last [--] hours.

### Engagements: [------] [#](/creator/twitter::1272666296/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1272666296/c:line/m:interactions.svg)

- [--] Month [------] +975%
- [--] Months [-------] +226%
- [--] Year [-------] +114%

### Mentions: [--] [#](/creator/twitter::1272666296/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1272666296/c:line/m:posts_active.svg)

- [--] Month [--] +1,100%
- [--] Months [--] +37%
- [--] Year [--] +170%

### Followers: [------] [#](/creator/twitter::1272666296/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1272666296/c:line/m:followers.svg)

- [--] Month [------] +0.01%
- [--] Months [------] +1.40%
- [--] Year [------] +4.70%

### CreatorRank: [-------] [#](/creator/twitter::1272666296/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1272666296/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[finance](/list/finance)  26.73% [countries](/list/countries)  12.87% [currencies](/list/currencies)  7.92% [travel destinations](/list/travel-destinations)  1.98% [champions league](/list/champions-league)  0.99% [celebrities](/list/celebrities)  0.99% [automotive brands](/list/automotive-brands)  0.99% [stocks](/list/stocks)  0.99% [technology brands](/list/technology-brands)  0.99%

**Social topic influence**
[italy](/topic/italy) 7.92%, [pi](/topic/pi) 7.92%, [inflation](/topic/inflation) 6.93%, [tariffs](/topic/tariffs) 6.93%, [euro](/topic/euro) 5.94%, [debt](/topic/debt) 5.94%, [investment](/topic/investment) 2.97%, [dei](/topic/dei) 2.97%, [dove](/topic/dove) 2.97%, [spain](/topic/spain) 2.97%

**Top accounts mentioned or mentioned by**
[@marattin](/creator/undefined) [@unibocconi](/creator/undefined) [@pni213](/creator/undefined) [@edoardoteso](/creator/undefined) [@lugaricano](/creator/undefined) [@gitro77](/creator/undefined) [@barbara_morresi](/creator/undefined) [@fabriziobava](/creator/undefined) [@romboalforno](/creator/undefined) [@animeliae](/creator/undefined) [@bering29](/creator/undefined) [@sufficitanimus6](/creator/undefined) [@lukeduke1268](/creator/undefined) [@guidotraf](/creator/undefined) [@mesandbu](/creator/undefined) [@lultimouomo](/creator/undefined) [@nicolalimodio](/creator/undefined) [@polimi](/creator/undefined) [@darioamodei](/creator/undefined) [@samas](/creator/undefined)

**Top assets mentioned**
[Ergo (ERG)](/topic/ergo) [Tesla, Inc. (TSLA)](/topic/tesla)
### Top Social Posts
Top posts by engagements in the last [--] hours

"Ditto @guidotraf Facciamo cos eviteremo di fare a Bastoni una posizione di dirigenza in squadra . On [--] October [----] Exor (the Agnelli family's investment company) nominated Nedvd to be part of Juventus' board of directors.116117 On [--] October [----] Nedvd was appointed vice chairman @guidotraf Facciamo cos eviteremo di fare a Bastoni una posizione di dirigenza in squadra . On [--] October [----] Exor (the Agnelli family's investment company) nominated Nedvd to be part of Juventus' board of directors.116117 On [--] October [----] Nedvd was appointed vice chairman"  
[X Link](https://x.com/anyuser/status/2022976870619201543)  2026-02-15T10:10Z 25.2K followers, [----] engagements


"@edoardoteso Ma infatti. E lo fanno da [--] punti di distanza. Esattamente come facevamo noi in passato. Sic transit"  
[X Link](https://x.com/monacelt/status/2022958958344835471)  2026-02-15T08:59Z 25.2K followers, [---] engagements


"@marattin Ma come Luigi non chiaro Fate quello che avete imputato ai nerazzurri per anni. Avete sempre detto che quelli dei tempi di Moggi erano solo errori arbitrali. Non complotti. E quindi abbracciamoci forte. stato solo un errore arbitrale. Capita. 😎"  
[X Link](https://x.com/monacelt/status/2022960124470669719)  2026-02-15T09:04Z 25.2K followers, [----] engagements


"@marattin Ma come E nel [----] Juliano su Ronaldo Accetto la buona fede che anche quello fu solo un errore. Ma in quella partita sia Juve che Inter si giocavano lo scudetto. Ieri sera ce lo giocavamo solo noi 😎"  
[X Link](https://x.com/monacelt/status/2022966055380123695)  2026-02-15T09:27Z 25.2K followers, [----] engagements


"📣Glad to share new paper❗ (with A. Merendino ECB) Show that effects of oil/energy shocks on *inflation* depend strongly on the degree of uncertainty in supply chains Build theory of transmission of supply shocks under incomplete information and supply chain uncertainty"  
[X Link](https://x.com/anyuser/status/2019332648557330650)  2026-02-05T08:49Z 25.2K followers, [----] engagements


"Under supply chain uncertainty primitive iid raw energy shocks have an amplified effect on inflation and propagate over time. Build incomplete info. version of New Keynesian Phillips curve under supply chain uncertainty"  
[X Link](https://x.com/monacelt/status/2019332668283027516)  2026-02-05T08:50Z 25.2K followers, [---] engagements


"Great essay by @MESandbu on M Sandels critique of neo-liberalism. A lot of food for thought for what economists do or are supposed to be doing. This is the kind of critique I warmly welcome https://app.ft.com/content/7804e304-2604-4376-9d3f-2310386c20e7 https://app.ft.com/content/7804e304-2604-4376-9d3f-2310386c20e7"  
[X Link](https://x.com/anyuser/status/2020432705700397543)  2026-02-08T09:41Z 25.2K followers, [----] engagements


"Macroeconomics is hard. Who would have guessed I always dreamed of becoming a macroeconomist one day. https://t.co/MW4Pasp8fi I always dreamed of becoming a macroeconomist one day. https://t.co/MW4Pasp8fi"  
[X Link](https://x.com/monacelt/status/2022635362435371111)  2026-02-14T11:33Z 25.2K followers, [----] engagements


"Fanno sinceramente un p sorridere gli juventini che gridano vergogna. #InterJuve"  
[X Link](https://x.com/anyuser/status/2022946060939989234)  2026-02-15T08:08Z 25.2K followers, 19.7K engagements


"Non capisco laccanimento su #Bastoni. Se per lesultanza successiva concordo. Ma la manata leggera c stata. Lui si lascia cadere ovvio come il 101% dei giocatori nellera del calcio in tv. Bastoni non n meglio n peggio degli altri. Suvvia. #InterJuve"  
[X Link](https://x.com/anyuser/status/2022977817877647529)  2026-02-15T10:14Z 25.2K followers, 33.5K engagements


"Per placare gli animi e rivivere serenamente #InterJuve Come al solito perfetti quelli di @lUltimoUomo https://ultimouomo.com/inter-juventus-3-2-analisi-tattica-oltre-espulsione-kalulu https://ultimouomo.com/inter-juventus-3-2-analisi-tattica-oltre-espulsione-kalulu"  
[X Link](https://x.com/monacelt/status/2023004635708174465)  2026-02-15T12:01Z 25.2K followers, [----] engagements


"Fede Brignone. Leggenda pura. #Brignone #MilanoCortinaOlympics2026"  
[X Link](https://x.com/monacelt/status/2023027812010246654)  2026-02-15T13:33Z 25.2K followers, [----] engagements


"😂😂😂😂😂😂 Siete questi. L'anti sport. https://t.co/9Ogvs0aXES Siete questi. L'anti sport. https://t.co/9Ogvs0aXES"  
[X Link](https://x.com/monacelt/status/2023029116887499220)  2026-02-15T13:38Z 25.2K followers, [----] engagements


"RT @NicolaLimodio: Very important point by @lugaricano. Since Italy is cited let me highlight that @Unibocconi & @polimi are working on th"  
[X Link](https://x.com/anyuser/status/2023453335744127147)  2026-02-16T17:44Z 25.2K followers, [--] engagements


"👇👇 No the white collar jobs are not going away in [--] months I was furious with the populist-baiting language (in line with @DarioAmodei 's and @sama's also preferred apocalyptic usage) that Microsoft's @mustafasuleyman used in his FT interview threatening everyone's jobs: https://t.co/O4RJtndJ8e No the white collar jobs are not going away in [--] months I was furious with the populist-baiting language (in line with @DarioAmodei 's and @sama's also preferred apocalyptic usage) that Microsoft's @mustafasuleyman used in his FT interview threatening everyone's jobs: https://t.co/O4RJtndJ8e"  
[X Link](https://x.com/monacelt/status/2023482252811006290)  2026-02-16T19:38Z 25.2K followers, [---] engagements


"LItalia quel paese dove vige lobbligo vaccinale per liscrizione a scuola. Tranne nel rarissimo e insignificante caso di pandemia"  
[X Link](https://x.com/monacelt/status/1413903257886470148)  2021-07-10T16:49Z 25.2K followers, [----] engagements


"Lembrione di area lib-dem in questo paese dovrebbe subito far proprio il tema #scuola. Marcando la differenza con il @pdnetwork che da sempre parla di scuola ipnotizzato dagli interessi degli insegnanti. imperativo parlare di scuola nellinteresse degli studenti. Nessuno lo fa"  
[X Link](https://x.com/monacelt/status/1417444012450062356)  2021-07-20T11:19Z 25.2K followers, [---] engagements


"Il punto non lo starnazzare di "persone" come Travaglio. E' la mancanza di conseguenze sull'opinione pubblica. E' il fatto che sia un direttore di giornale. Che compaia in TV ogni sera. Insomma che il dibattito ruoti intorno a tale mediocrit"  
[X Link](https://x.com/monacelt/status/1419604276414930947)  2021-07-26T10:23Z 25.2K followers, [---] engagements


"Non semplicemente insopportabilmente ipocrita manifestare contro tutte le guerre"  
[X Link](https://x.com/monacelt/status/1497635138062143496)  2022-02-26T18:10Z 25.2K followers, [---] engagements


"A questo punto abbiamo una scelta. Goderci nel breve periodo costi dell'energia pi bassi. Oppure smettere di finanziare la guerra e imporre un embargo *totale* sul gas russo. Ogni giorno la UE spedisce un assegno di 500mln di Euro a Mr Putin per i propri bisogni energetici"  
[X Link](https://x.com/monacelt/status/1506641515266854916)  2022-03-23T14:38Z 25.2K followers, [---] engagements


"La Russia oramai un rotten state. Senza modello di sviluppo adeguato. Incapace di generare ricchezza. Dipendente dai redditi energetici. Corrotta da elites estrattive. Difficile che la Cina (pi grande beneficiaria della globalizzazione) la segua lungo il piano inclinato"  
[X Link](https://x.com/monacelt/status/1511409663996489728)  2022-04-05T18:25Z 25.2K followers, [---] engagements


"L'Italia quel paese dove ancora si sprecano immani energie per discutere se un paese aggredito abbia il diritto di difendersi. E dove si cerca di far passare questo come dibattito intellettuale"  
[X Link](https://x.com/monacelt/status/1518856502165086208)  2022-04-26T07:36Z 25.2K followers, [---] engagements


"Dal [----] a oggi in termini reali la spesa pubblica in **istruzione** calata del 10%. La spesa pubblica complessiva invece cresciuta del 20% (40% in termini nominali). Lo capite perch il futuro di questo paese buio"  
[X Link](https://x.com/monacelt/status/1832389295920808067)  2024-09-07T12:03Z 25.2K followers, 43K engagements


"LItalia il paese in cui tra il [----] e il [----] la spesa pubblica cresciuta di pi tra tutti i paesi EU (in % PIL)"  
[X Link](https://x.com/anyuser/status/1845122118498787566)  2024-10-12T15:19Z 25.2K followers, 57.5K engagements


"Voglio essere europeo al fianco dellUcraina in questo momento. Non voglio essere italiano. Non voglio confondermi con limbarazzante vergognoso silenzio del nostro Governo"  
[X Link](https://x.com/anyuser/status/1895784590029234438)  2025-03-01T10:34Z 25.2K followers, 47.6K engagements


"Calo di presenze negli stabilimenti balneari. Che si fa Si alzano i prezzi ovviamente. Cos i ricavi (almeno) rimangono costanti. La convinzione radicata nei settori non esposti alla concorrenza che la domanda sia esogena indipendente dai prezzi. 🤔"  
[X Link](https://x.com/anyuser/status/1953504727712325983)  2025-08-07T17:13Z 25.2K followers, 40K engagements


"Questo film andrebbe visto e rivisto da tutti coloro che si ostinano a voler seguire con Putin la via diplomatica. Che cosa ha insegnato la storia dellEuropa di fronte al nazismo Che alle dittature criminali si resiste. Whatever it takes. 👇"  
[X Link](https://x.com/anyuser/status/1957391328255361163)  2025-08-18T10:37Z 25.2K followers, 20K engagements


"Una figura scioccante. La crescita dei salari reali dal [----] al [----] in Europa. E la drammatica NON crescita in Italia. Non dovremmo parlare daltro. Eye-opening change in real wages between [----] and [----] in %. Just look at Italy and Spain three lost decades. What were politicians smoking when they introduced the Euro there Why dont they admit that it was a mistake https://t.co/mYehfSIoS3 Eye-opening change in real wages between [----] and [----] in %. Just look at Italy and Spain three lost decades. What were politicians smoking when they introduced the Euro there Why dont they admit that it was"  
[X Link](https://x.com/anyuser/status/1970960633018597639)  2025-09-24T21:16Z 25.2K followers, 264.8K engagements


"Incredibile. Per tante persone ancora il fatto che i salari reali italiani siano fermi da [--] anni (vedi figura e commenti) colpa dellEuro. Ma lo vedete o no che ad esempio in Francia economia simile e comunque nellEuro i salari reali sono cresciuti di quasi il 30% Una figura scioccante. La crescita dei salari reali dal [----] al [----] in Europa. E la drammatica NON crescita in Italia. Non dovremmo parlare daltro. Una figura scioccante. La crescita dei salari reali dal [----] al [----] in Europa. E la drammatica NON crescita in Italia. Non dovremmo parlare daltro"  
[X Link](https://x.com/anyuser/status/1971184841568944431)  2025-09-25T12:07Z 25.2K followers, 61K engagements


"Gli economisti francesi con cui ho parlato in questi giorni a Parigi sono unanimi: beati voi (Italia) che avete fatto la riforma Fornero. Lunica riforma strutturale fatta in Italia negli ultimi [--] anni che ha cercato di invertire il declino economico"  
[X Link](https://x.com/anyuser/status/1971228021018509686)  2025-09-25T14:59Z 25.2K followers, 53K engagements


"Being pro-Russia in the completely false belief that Italy has once again gone through fiscal austerity. Insane and utmost ridiculous. In the last [--] years Italy *increased* public spending by over 370mld one of the largest increase in spending in its history. What is actually insane is asking countries that have been forced by the EU to bear massive austerity measures over the past [--] years resulting in the hollowing out of the welfare state the destruction of basic services rising poverty and unemployment deindustrialisation What is actually insane is asking countries that have been forced"  
[X Link](https://x.com/monacelt/status/1992609047141650876)  2025-11-23T14:59Z 25.3K followers, 10.2K engagements


"Qui mentre cerco di spiegare il problema dei problemi che affligge lItalia"  
[X Link](https://x.com/monacelt/status/1979563469180416448)  2025-10-18T15:01Z 25.2K followers, 19.9K engagements


"Link to full paper. Commens very welcome❗ https://tinyurl.com/4m6xwb9y https://tinyurl.com/4m6xwb9y"  
[X Link](https://x.com/anyuser/status/2019332671281983497)  2026-02-05T08:50Z 25.2K followers, [---] engagements


"Da leggere. https://www.bloomberg.com/opinion/articles/2019-08-09/italy-and-matteo-salvini-face-their-moment-of-truth-on-the-eurosrnd=opinion https://www.bloomberg.com/opinion/articles/2019-08-09/italy-and-matteo-salvini-face-their-moment-of-truth-on-the-eurosrnd=opinion"  
[X Link](https://x.com/monacelt/status/1159784132932775937)  2019-08-09T11:10Z 24.5K followers, [--] engagements


"Il Rdc mal disegnato. Non n (1) assistenza universale (2) n strumento che mantiene alti gli incentivi a lavorare. Perch ogni Eur eventualmente guadagnato sul mercato toglie *esattamente* [--] Eur al sussidio. Disincentivo a lavorare massimo Thread 👇"  
[X Link](https://x.com/monacelt/status/1424309642121945092)  2021-08-08T10:00Z 24.5K followers, [--] engagements


"This is not the time for forward guidance. This is the time of data dependence. This is the new motto of the @ecb. Yet where does this come from How is it grounded in theory if any Why is commitment not desirable all of a sudden Pls explain 🤔 #EconTwitter"  
[X Link](https://x.com/monacelt/status/1717808891390460105)  2023-10-27T07:42Z 24.1K followers, [----] engagements


"Aderire al #Mes come comprare unassicurazione. Come per ogni assicurazione comprensibile che siano i pi sani a non volerla acquistare. Ma quelli meno sani e pi deboli non dovrebbero avere dubbi. A quale categoria appartiene lItalia secondo voi"  
[X Link](https://x.com/monacelt/status/1738189082059067464)  2023-12-22T13:25Z 24.1K followers, 15.1K engagements


"La maggioranza ha detto no al nuovo #Mes perch le banche italiane non ne avrebbero bisogno. Ma le banche italiane sono piene di titoli di Stato nazionali. Proprio perch particolarmente vulnerabili al rischio paese le banche italiane avrebbero invece un gran bisogno del Mes"  
[X Link](https://x.com/monacelt/status/1740082347624558737)  2023-12-27T18:48Z 24.1K followers, [----] engagements


"La voragine di bilancio generata dal superbonus 110% + bonus facciate testimonia ci che succede in un paese come lItalia quando le regole (europee) di bilancio vengono sospese"  
[X Link](https://x.com/monacelt/status/1765845532490994172)  2024-03-07T21:02Z 24.1K followers, [--] engagements


"La catastrofe del bonus 110% con la totale incomprensione degli effetti a valle sui prezzi un segno della generale mancanza di cultura economica nelle pieghe della politica italiana"  
[X Link](https://x.com/monacelt/status/1771947931127476449)  2024-03-24T17:11Z 24.1K followers, [--] engagements


"Prima gli immigrati. Di solito sono individui dinamici coraggiosi imprenditoriali. Quanta ricchezza potenziale sprechiamo nel contrastarne lintegrazione. Se tutte le risorse spese per fermare i migranti fossero impiegate per integrarli il problema non sarebbe cos grave"  
[X Link](https://x.com/monacelt/status/1782091690104270920)  2024-04-21T16:59Z 24.1K followers, [--] engagements


"Il disastro del superbonus si deve a [--] follie economiche. 1) Non capire che un bonus al 110% avrebbe incentivato a gonfiare i prezzi. 2)Credere con la cessazione dei crediti di creare una nuova moneta fiscale in sostituzione dellEuro. Le follie economiche generano mostri"  
[X Link](https://x.com/monacelt/status/1782430706603311190)  2024-04-22T15:26Z 24.1K followers, [--] engagements


"Tante bandiere palestinesi oggi in Piazza Duomo a Milano. Ecco spiegatemi perch"  
[X Link](https://x.com/monacelt/status/1783536344666370216)  2024-04-25T16:39Z 24.1K followers, [--] engagements


"Il moto perpetuo della spesa pubblica di Jean-Luc Mlenchon. Pi spesa si finanzia da sola perch porta a pi entrate fiscali. Come in un quadro di Escher. Il populismo si alimenta sempre di cattiva conoscenza economica"  
[X Link](https://x.com/monacelt/status/1804459744888791304)  2024-06-22T10:21Z 24.1K followers, [--] engagements


"Ho fatto un grafico. Mostra la produttivit totale dei fattori (Tfp) in Ita rispetto a un paese comparabile la Francia. Dal [----] Tfp cresciuta in Ita del 40% in Fra pi del doppio (87%). Dal [----] il trend Ita piatto e decrescente. La crisi della nostra economia tutta qui"  
[X Link](https://x.com/monacelt/status/1808435428103520396)  2024-07-03T09:39Z 24.9K followers, [--] engagements


"@andreamoro @micheleboldrin @stlouisfed Le serie su Fred non chiaro come siano calcolate. La fonte univ Groningen (boh). Dalla mia fonte chiaro che si tratta di Solow residual da Cobb-Douglas prod function a ppp prices del [----]. Vedi"  
[X Link](https://x.com/monacelt/status/1808451474482933935)  2024-07-03T10:43Z 24.2K followers, [--] engagements


"@Gitro77 I dati sono corretti. Le implicazioni che lei trae sono strampalate come tutte le tesi no euro"  
[X Link](https://x.com/monacelt/status/1808536303467704669)  2024-07-03T16:20Z 24.2K followers, [--] engagements


"@Gitro77 Che noia. Tutto gi visto e sentito. Grazie ma ho gi ampiamente dato. Stia sereno nella sua eco chamber"  
[X Link](https://x.com/monacelt/status/1808553854901903436)  2024-07-03T17:30Z 24.2K followers, [--] engagements


"Perch cresce cos poco La stagnazione della produttivit la causa principale. E' utile confronto con economia simile la Francia. Mentre da noi prevalgono micro imprese in Fra pi lavoro impiegato nelle grandi imprese. E le grandi imprese si sa sono pi produttive.👇"  
[X Link](https://x.com/monacelt/status/1810655191676465618)  2024-07-09T12:40Z 24.2K followers, [--] engagements


"Le previsioni di crescita di IMF per il [----]. Dove sono gli effetti del Pnrr per lItalia"  
[X Link](https://x.com/monacelt/status/1813260724417749477)  2024-07-16T17:13Z 24.2K followers, [--] engagements


"Avete mai letto un tweet pi stupido di questo"  
[X Link](https://x.com/monacelt/status/1820502196209021038)  2024-08-05T16:48Z 24.3K followers, [--] engagements


"Un altro allocco vittima del fuoco fatuo della moneta"  
[X Link](https://x.com/monacelt/status/1820713633321517238)  2024-08-06T06:48Z 24.3K followers, [--] engagements


"#DraghiReport touches only tangentially on a key factor driving growth in todays economy: *geographic agglomeration*. In the knowledge economy where human capital is crucial high-skilled labor requires physical proximity to other high-skilled labor in large cities.👇"  
[X Link](https://x.com/monacelt/status/1833563180259311722)  2024-09-10T17:48Z 24.5K followers, 11.4K engagements


"Manovra Governo. Si chiede alle banche di congelare per [--] anni deduzioni fiscali (su svalutazioni crediti). Ma deduzioni saranno poi scongelate nel biennio successivo. Quindi una patrimoniale una tantum a finanziare spesa sanit. Ergo nessun contributo a riduzione deficit👇"  
[X Link](https://x.com/monacelt/status/1846493369935011888)  2024-10-16T10:08Z 24.5K followers, [--] engagements


"Growth outlook for 2024-25 calls for clear need of fiscal policy coordination in the Europe. Govt. debt stabilization in Italy and France coupled with strong fiscal expansion in Germany. Rarely as now the lack of fiscal policy centralization emerges as a weakness for the EZ. IMF Growth Forecast: [----] US: 2.8% Germany: 0.0% France: 1.1% Italy: 0.7% Spain: 2.9% UK: 1.1% Japan: 0.3% Canada: 1.3% China: 4.8% India: 7.0% Russia: 3.6% Brazil: 3.0% Mexico: 1.5% KSA: 1.5% Nigeria: 2.9% RSA: 1.1% https://t.co/sDv9tK6YQb https://t.co/epCi3VT13o IMF Growth Forecast: [----] US: 2.8% Germany: 0.0% France:"  
[X Link](https://x.com/monacelt/status/1848722553348513813)  2024-10-22T13:46Z 24.5K followers, [----] engagements


"Italy has run among the largest fiscal expansions of its history (and increased government debt) and yet has seen no increase in productivity. Productivity growth does not depend on running the economy hot. The reverse is true. Output per hours worked ("labor productivity") has increased *much* more in the US than in other advanced economies since the pandemic. Maybe using an economic policy strategy aimed at running the economy hot was not a bad idea after all chart via @JosephPolitano https://t.co/dA1LF7fs0A Output per hours worked ("labor productivity") has increased *much* more in the US"  
[X Link](https://x.com/monacelt/status/1853799789575438501)  2024-11-05T14:01Z 24.2K followers, 27.9K engagements


"@heimbergecon After the Covid pandemic with unsustainable fiscal bonuses in the construction sector Italy has run deficit of over 7% of GDP. In the same period productivity growth has stalled. You keep reasoning over and over based on oversimplified and erroneous economic models"  
[X Link](https://x.com/monacelt/status/1853805971744665606)  2024-11-05T14:26Z 24.5K followers, [---] engagements


"More trade protectionism Here is a very interesting study showing that protectionism acts as a supply shock: it raises inflation and decreases GDP. @FabioGhironi 👇"  
[X Link](https://x.com/monacelt/status/1856999074601320867)  2024-11-14T09:54Z 24.2K followers, 14.1K engagements


"MMT is simply monetary financing of the fiscal deficit. If implemented in a *permanent* way it would generate rapid and persistent inflation. Which in turn (according to MMTers) should induce the govt to stop financing the deficit with money printing. 👇 Rather than playing with confused worldly essays full of potentially incoherent statements . write down a formal MMT model - youd straighten out your arguments and you would finally be taken seriously. Rather than playing with confused worldly essays full of potentially incoherent statements . write down a formal MMT model - youd straighten"  
[X Link](https://x.com/monacelt/status/1861027884803977401)  2024-11-25T12:43Z 24.1K followers, 11.1K engagements


"Hence MMT has an internal inconsistency. It contains the seeds of its self-denying. A total economic and logical vacuum"  
[X Link](https://x.com/monacelt/status/1861027888281071938)  2024-11-25T12:43Z 24.2K followers, [---] engagements


"Portugal is a case in point. Despite recent fiscal consolidations In the EU Spain gets held up as an economic miracle these days but strong growth in headline GDP is mostly due to immigration. Spain's per capita GDP is only 4% above [----] (pink) and continues to lag most EU peers (though it's better than Italy which is down -1% since 2007). https://t.co/y2AYUI2iI9 In the EU Spain gets held up as an economic miracle these days but strong growth in headline GDP is mostly due to immigration. Spain's per capita GDP is only 4% above [----] (pink) and continues to lag most EU peers (though it's better"  
[X Link](https://x.com/monacelt/status/1861077348004643145)  2024-11-25T15:59Z 24.1K followers, 13.2K engagements


"@PierfrancescMei @GoldmanSachs Congratulations Pier"  
[X Link](https://x.com/monacelt/status/1870102370203443437)  2024-12-20T13:42Z 24.1K followers, [----] engagements


"This is what happens to Italian public finances when EU fiscal rules happen to be lifted This book by @lucianocapone and @CarloStagnaro digs deep in one of the most egregious examples of fiscal waste in recent times. I agree with most of @lugaricano diagnosis of the underlying problems https://t.co/T0j2mUwUgA This book by @lucianocapone and @CarloStagnaro digs deep in one of the most egregious examples of fiscal waste in recent times. I agree with most of @lugaricano diagnosis of the underlying problems https://t.co/T0j2mUwUgA"  
[X Link](https://x.com/monacelt/status/1890712786008740281)  2025-02-15T10:40Z 24K followers, [----] engagements


"📣New working paper: "Tariffs and Monetary Policy" I study the effects of tariffs in a workhorse New Keynesian open economy model Key insight: the effect of tariffs depends crucially on the endogenous behavior of monetary policy #econtwitter 👇"  
[X Link](https://x.com/monacelt/status/1899855454538207414)  2025-03-12T16:10Z 24.2K followers, 19.8K engagements


"Basic notions of intertemporal international macro. Figure shows NIIP of the US =net international investment position. US are net debtor vs rest of the world. This means that US cannot run a *perpetual* trade balance deficit. At some point a trade *surplus* must be generated👇"  
[X Link](https://x.com/monacelt/status/1908072178459000981)  2025-04-04T08:20Z 24.4K followers, [---] engagements


"Basic notions of intertemporal international macro. Figure shows NIIP of the US =net international investment position. US are net debtor vs rest of the world. This means that US cannot run a *perpetual* trade balance deficit. At some point a trade *surplus* must be generated👇"  
[X Link](https://x.com/monacelt/status/1908072223048429931)  2025-04-04T08:20Z 24.5K followers, [----] engagements


"This is the only sense in which generating a trade balance surplus *at some point* is inevitable for the US. It is a matter of intertemporal budget constraint👇"  
[X Link](https://x.com/monacelt/status/1908072224910618905)  2025-04-04T08:20Z 24.4K followers, [---] engagements


"Really Never been to Florence or Venice Amid all the uncertainty and chaos only one thing is for certain: Frankfurt is the worlds capital of romance https://t.co/zlqmRRVgWb Amid all the uncertainty and chaos only one thing is for certain: Frankfurt is the worlds capital of romance https://t.co/zlqmRRVgWb"  
[X Link](https://x.com/monacelt/status/1908621918065816028)  2025-04-05T20:45Z 24.4K followers, [----] engagements


"Talking about Wall Street vs Main Street Donald Trumps Wall Street tariff rollercoaster reaches Main Street via @ft https://www.ft.com/content/249c312f-97d9-45ab-a3d6-81c0998c44b3 https://www.ft.com/content/249c312f-97d9-45ab-a3d6-81c0998c44b3"  
[X Link](https://x.com/monacelt/status/1910591054702653700)  2025-04-11T07:09Z 24.4K followers, [---] engagements


"Updated version available here Comments very welcome https://drive.google.com/file/d/1QPgAooL7uZ3fDDmWCGW_54QgC0rFpBsO/view https://drive.google.com/file/d/1QPgAooL7uZ3fDDmWCGW_54QgC0rFpBsO/view"  
[X Link](https://x.com/monacelt/status/1912082713013534861)  2025-04-15T09:56Z 24.5K followers, [----] engagements


"📣New thoroughly revised version of our paper "HBANK: Monetary Policy with Heterogeneous Banks" #econtwitter Bewley-type model of heterogeneous banks meets the New Keynesian model. Effects of monetary policy stronger because of bank heterogeneity and endogenous default risk🧵"  
[X Link](https://x.com/monacelt/status/1929455993055748583)  2025-06-02T08:32Z 24.6K followers, 13.8K engagements


"1Our framework integrates realistic bank heterogeneity endogenous default risk and costly insolvency into the canonical NK framework. ➡Revisit the bank lending channel of monetary policy👇"  
[X Link](https://x.com/monacelt/status/1929455995215859884)  2025-06-02T08:32Z 24.6K followers, [---] engagements


"Legalizzare pi velocemente immigrati ha solo effetti positivi. Crea senso di identit e ne aumenta loccupazione. Soprattutto riduce la criminalit. Clicking on Heaven's Door: The Effect of Immigrant Legalization on Crime - American Economic Association https://www.aeaweb.org/articlesid=10.1257%2Faer.20150355&utm_source=chatgpt.com https://www.aeaweb.org/articlesid=10.1257%2Faer.20150355&utm_source=chatgpt.com"  
[X Link](https://x.com/monacelt/status/1931617555656868305)  2025-06-08T07:41Z 24.6K followers, [----] engagements


"Important to emphasize key interaction btw monetary and fiscal policy. Yet much more must be done to highlight which *institutions* should be designed in order to implement monetary-fiscal cooperation. How should that be achieved in practice in an incentive compatible manner 👨🎓New paper with @MortenORavn ***Brothers in Arms: Monetary-Fiscal Interactions Without Ricardian Equivalence*** Most central bankers would agree that: 🥇reacting strongly to inflation is paramount 🥈monetary policy must be "active" 🥉monetary policy is independent 1/N 👨🎓New paper with @MortenORavn ***Brothers in"  
[X Link](https://x.com/monacelt/status/1943635955195183502)  2025-07-11T11:38Z 24.7K followers, [----] engagements


"Our new report for the @Europarl_EN: The ECB under international uncertainty. We examine how rising US tariffs and financial instability reshape risks for the eurozoneand why it's time for a true European safe asset. Read here 👉 https://www.europarl.europa.eu/cmsdata/296452/MD_Bocconi_June%202025_FINAL.pdf https://www.europarl.europa.eu/cmsdata/296452/MD_Bocconi_June%202025_FINAL.pdf"  
[X Link](https://x.com/monacelt/status/1944358983294206118)  2025-07-13T11:31Z 24.7K followers, [---] engagements


"3 sources of risk 1US Trade Protectionism New wave of US tariffs poses a direct threat to EZ exports. Particularly problematic because Euro has *appreciated*not depreciatedas would typically be expected in response to tariffs further eroding eurozone export competitiveness.👇"  
[X Link](https://x.com/monacelt/status/1944358985777209359)  2025-07-13T11:31Z 24.7K followers, [--] engagements


"Eurozone currently facing a **twin shock**: i) US tariffs on its exports (goods markets) + ii) Euro appreciation following an alleged "flight-from-quality" away from US dollar assets (financial markets)👇"  
[X Link](https://x.com/monacelt/status/1944358987761176836)  2025-07-13T11:31Z 24.7K followers, [--] engagements


"2Risk of Disorderly Dollar Crisis Centrality of US dollar in global trade/finance implies abrupt depreciation could cause widespread volatility. Such a shift could disrupt K flows and cause significant negative spillovers to financial conditions in EZ.👇"  
[X Link](https://x.com/monacelt/status/1944358989900263554)  2025-07-13T11:31Z 24.7K followers, [--] engagements


"3US Fiscal Fragility and Contagion Risk Potential US fiscal crisisdriven by unsustainable debt threatens to undermine global confidence in sovereign debt markets. If concerns over US fiscal policy escalate financial contagion could affect vulnerable EZ sovereigns.👇"  
[X Link](https://x.com/monacelt/status/1944358991770911006)  2025-07-13T11:31Z 24.7K followers, [--] engagements


"Moment also presents a strategic opening: if global investors lose confidence in US Treasuries the eurozone could step inprovided it overcomes sovereign debt fragmentation. A **European Debt Agency** could anchor this shift by issuing a common euro-denominated *safe asset*.👇"  
[X Link](https://x.com/monacelt/status/1944358993637286203)  2025-07-13T11:31Z 24.7K followers, [--] engagements


"Despite falling inflation EZ risks contraction from two fronts: weaker exports due to US tariffs and euro appreciation from global reallocation of capital. The ECBs challenge is to balance disinflation with shielding growth. #MonetaryPolicy #Eurozone 👇"  
[X Link](https://x.com/monacelt/status/1944358995541520421)  2025-07-13T11:31Z 24.7K followers, [---] engagements


"Rimuovere le protezioni per le piccole imprese promuove la creazione di lavoro. Piccolo non bello. Uno dei problemi centrali del paese: la troppo piccola dimensione dimpresa. 👇 Should we support small businesses Politicians pander to them all the time and often describe them as engines of job creation but is this actually true India reserved many products for small scale industries for almost [--] years. What happened when this was removed 1/ https://t.co/dCqNSkk2pw Should we support small businesses Politicians pander to them all the time and often describe them as engines of job creation but"  
[X Link](https://x.com/monacelt/status/1945436310514057438)  2025-07-16T10:52Z 24.7K followers, [----] engagements


"Declining trend in class attendance continues at Universities. Started before Covid and likely to be accelerated by AI. Huge problem. Most likely rooted in structural inability of youngsters to keep span of attention. Coupled with fierce aversion to boredom. #econtwitter"  
[X Link](https://x.com/monacelt/status/1946881375946051720)  2025-07-20T10:34Z 24.7K followers, 10.4K engagements


"Early exposure to artificial dopamine dispensers (screen smartphones etc) key root cause in my view. I am now trying to rethink my teaching style profoundly. Every suggestion and best teaching practice you might want to share here is very welcome"  
[X Link](https://x.com/monacelt/status/1946881379788112315)  2025-07-20T10:34Z 24.7K followers, [----] engagements


"Esatto. Un paese (gli USA ) che impone dazi del 15% sui prodotti (molto diversificati e specializzati) di un altro paese (la UE ) si sta solo dando una martellata sulle ginocchia. Vittoria di Trump 😂 It is very strange reading headlines implying that the country that is unilaterally making things more expensive for its own people is somehow "winning" relative to places that are not It is very strange reading headlines implying that the country that is unilaterally making things more expensive for its own people is somehow "winning" relative to places that are not"  
[X Link](https://x.com/monacelt/status/1949739733304664302)  2025-07-28T07:52Z 24.8K followers, [----] engagements


"In what sense imposing higher taxes by 15% on goods imported from the most specialized and diversified exporter in the world is a Trumps victory Those taxes will be paid by US importers at the dock and/or by US consumers. Puzzled🤔"  
[X Link](https://x.com/monacelt/status/1949743553745420388)  2025-07-28T08:07Z 24.7K followers, [----] engagements


"Good attitude by the deputy PM of Bulgaria (that by the way is joining the Eurozone soon) 👇 Yes Tariffs are bad but so are the intra-EU trade barriers that we impose on ourselves in Europe by not completing the Single Market. As rightly pointed out by Draghi @EnricoLetta & IMF these barriers cost us growth and welfare. Member States should get serious on that. Yes Tariffs are bad but so are the intra-EU trade barriers that we impose on ourselves in Europe by not completing the Single Market. As rightly pointed out by Draghi @EnricoLetta & IMF these barriers cost us growth and welfare. Member"  
[X Link](https://x.com/monacelt/status/1950890348965670916)  2025-07-31T12:04Z 24.8K followers, [----] engagements


"Key insights: 👇 1The endogenous distribution of banks net worth matters for the transmission of real and financial shocks. [--] Model mimics high concentration of leverage and risk ➡Crucial for designing micro-prudential policies 👇"  
[X Link](https://x.com/monacelt/status/1951670401332908404)  2025-08-02T15:44Z 24.8K followers, [---] engagements


"3 Heterogeneity in MPL (marg. propensity to lend) - high for small banks- amplifies aggregate shocks relative to representative-bank setup (eg Gertler-Karadi-Kiyotaki) Note❗MPL for banks analog of MPC for households in HANK models. Key sufficient statistic 👇"  
[X Link](https://x.com/monacelt/status/1951670405497864288)  2025-08-02T15:44Z 24.8K followers, [---] engagements


"Ver few intellectuals are speaking about the wonders but especially the perils of the AI golden rush as lucidly as Y. Harari (Link below) 👇"  
[X Link](https://x.com/monacelt/status/1952751148328243361)  2025-08-05T15:18Z 24.8K followers, [----] engagements


"Pensate se i [--] mld buttati in Quota [---] li avessimo investiti sulle universit. Just saying"  
[X Link](https://x.com/monacelt/status/1953433006791663983)  2025-08-07T12:28Z 24.8K followers, 18.5K engagements


"La terra piatta"  
[X Link](https://x.com/monacelt/status/1953714397571948558)  2025-08-08T07:06Z 24.9K followers, [----] engagements


"@Claudio_Forzano Credo che Copilot usi gi Gpt5"  
[X Link](https://x.com/monacelt/status/1954229824668700911)  2025-08-09T17:14Z 24.9K followers, [---] engagements


"Le autocrazie si radicano inizialmente nominando i peggiori in posizioni di rilievo. Premiando solo la fedelt anzich il merito. Un (ripido) piano inclinato. EJ Antoni has never worked in statistics collection. He is [--] years out of his PhD. He's only ever written one economics paper. His explicit only qualifications are that he works in ultra-conservative think tanks & believes Trump's conspiracies about the BLS. Grim stuff. EJ Antoni has never worked in statistics collection. He is [--] years out of his PhD. He's only ever written one economics paper. His explicit only qualifications are that he"  
[X Link](https://x.com/monacelt/status/1955212144024195494)  2025-08-12T10:17Z 24.9K followers, [----] engagements


"Italy is the holy grail of macroeconomics. A country whose GDP per capita has stopped growing in the mid 90s. A unique case study of a developed country set into a decline path. Lowest fertility rate in the world. Aging rapidly. Very little to celebrate. Akshually Italy is an export-oriented high-tech manufacturing economy that even by economists' standards is larger than the UK's despite a smaller population. Italy is a major machine tool exporter. Tesla got its giga-presses from a boutique Italian firm outside of Milan. https://t.co/v1cN2nRExz Akshually Italy is an export-oriented high-tech"  
[X Link](https://x.com/monacelt/status/1955621181509316672)  2025-08-13T13:23Z 24.9K followers, 22.6K engagements


"Questa cosa per cui lopposizione a un politico (Trump) che scrive come un bambino di [--] elementare si fa scrivendo come un bambino di [--] elementare. FOX (EDITS THE TAPES) NEWS MUST CANCEL THEIR WEEKEND STINKERS IMMEDIATELY THEY ARE VERY DISHONEST AND ALL THEY DO IS TRASH ME GAVIN C. NEWSOM AMERICAS FAVORITE GOVERNOR (AND MANY SAY THE MOST HANDSOME IN HISTORY THANK YOU). LARA TRUMPS SHOW IS A TOTAL DISASTER. NO FOX (EDITS THE TAPES) NEWS MUST CANCEL THEIR WEEKEND STINKERS IMMEDIATELY THEY ARE VERY DISHONEST AND ALL THEY DO IS TRASH ME GAVIN C. NEWSOM AMERICAS FAVORITE GOVERNOR (AND MANY SAY THE"  
[X Link](https://x.com/monacelt/status/1959525732012449796)  2025-08-24T07:58Z 24.9K followers, [----] engagements


"La Huawei (smartphones) adesso produce anche le auto a guida autonoma. Just saying. #China"  
[X Link](https://x.com/monacelt/status/1963240355975033252)  2025-09-03T13:59Z 24.9K followers, [----] engagements


"My pleasure and honor today to give the Goodhart keynote lecture at the U. of Reading Money Macro Finance Society conference I covered [--] interrelated topics: [--]. Supply chain uncertainty and inflation [--]. Tariffs [--]. "Flight from quality" (in safety premium of US $) We are closing the 56th annual conference of @MMF_research at @UniofReading with the 4th keynote talk also Charles Goodhart Lecture given by @monacelt (@Unibocconi) and titled "Triple Shock One Global Economy". Thank you so much to all who came @RoyalEconSoc @banquedefrance https://t.co/stpWnN0mow We are closing the 56th annual"  
[X Link](https://x.com/monacelt/status/1965783873830506922)  2025-09-10T14:26Z 24.9K followers, 19.5K engagements


"Why lowering interest tates then I dont always agree with Chair Powell but he is right. Prices are up 2.9% from last month. And theyre higher than they were a year ago. Why Donald Trumps chaotic tariff policies. https://t.co/hXjWtqM0Kt I dont always agree with Chair Powell but he is right. Prices are up 2.9% from last month. And theyre higher than they were a year ago. Why Donald Trumps chaotic tariff policies. https://t.co/hXjWtqM0Kt"  
[X Link](https://x.com/monacelt/status/1971288563502436551)  2025-09-25T18:59Z 25K followers, [----] engagements


"Come work to @Unibocconi Economics❗ We are on the market for [--] Assistant Prof positions. Vibrant place in a vibrant city. What you need is high ambition in research and a taste for quality of life. 😎 #econjobmarket 📢 @Bocconi Economics is hiring We have [--] junior positions open this year. If youre on the market wed love to hear from you please apply and share. #EconJobMarket #EconTwitter https://t.co/IhKOKRtrRy 📢 @Bocconi Economics is hiring We have [--] junior positions open this year. If youre on the market wed love to hear from you please apply and share. #EconJobMarket #EconTwitter"  
[X Link](https://x.com/monacelt/status/1976934558168990187)  2025-10-11T08:55Z 25K followers, 16.4K engagements


"Why are interest rates so low part 4: Term premiums http://t.co/hTGhQZVAQw http://brook.gs/1NyjLd6 http://brook.gs/1NyjLd6"  
[X Link](https://x.com/monacelt/status/587641576211542016)  2015-04-13T15:40Z 24.5K followers, [--] engagements

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