Ashoka Mody is Charles and Marie Robertson Visiting Professor in International Economic Policy at the Woodrow Wilson School, Princeton University. He is author of EuroTragedy: A Drama in Nine Acts. Previously, Professor Mody was Deputy Director in the International Monetary Fund’s Research and European Departments. He has worked at the World Bank, AT&T’s Bell Laboratories, and the Centre for Development Studies, Trivandrum. He has been a Visiting Professor at the University of Pennsylvania’s Wharton School and is a non-resident fellow at the Center for Financial Studies, Frankfurt. He received his Ph.D. in Economics from Boston University.
Ashoka Mody
Charles and Marie Robertson Visiting Professor in International Economic Policy
409 Robertson Hall, Princeton University
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EuroTragedy
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@danieljohnsalt Almost certainly true.
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@GusGarita Regression to the mean is inevitable, as Pritchett and @LHSummers very sensibly said. The Chinese have bucked mean reversion by credit and fiscal stimulus. The bucking has consequences. China may be slowing more rapidly than we expect. The worst is too scary to contemplate.
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@StephanEwald So the probability is not zero 🤣
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The Italian doom loop is alive because the country’s banks are still very fragile. t.co/lJtECvuQPH t.co/MXu0MbKZfV
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@COdendahl Yes but CDU’s decline has been ongoing for years. It is not an individual. The question is alignment with people’s aspirations. Perhaps no party can do that today.