Ricardo's threads | Nothing contributes so much to the prosperity and happiness of a country as high profits

Fiscal policy and sectoral spillovers in open-economy HANK

09/14/2026 European Central Bank Central banks

Government spending falls disproportionately on non-tradable services. We show empirically that government spending shocks stimulate private consumption along with sizable spillovers to the goods sector and a relative decline in goods prices. We rationalize these findings with a two-sector open-economy HANK model. Uninsurable income risk and precautionary savings lead to a persistent income-driven expansion in private consumption. In the tradable sector, import intensity and limited labor reallocation dampen wage pass-through to prices, matching observed co-movements.

Economy holds steady in Q2 but autumn set to pose more and tougher tests

09/14/2026 Macropolis European Union

The macroeconomic releases — the latest Q2 GDP and national CPI data — were the main domestic economic events of last week, while developments outside Greece are fuelling concern about difficult months ahead for households.

Androulakis presents governing plan, dances around questions about post-election alliances

09/14/2026 Macropolis European Union

Nikos Androulakis used his appearance at the Thessaloniki International Fair – including a speech lasting more than 90 minutes and a press conference that went on for more than 3 hours – to stake his party’s claim for voters’ attention after Prime Minister Kyriakos Mitsotakos and ELAS leader Alexis Tsipras had their moments in the spotlight.

The Asian Battery Companies Charging the EV Transition

09/13/2026 Ineteconomics Analysis

America helped pioneer the electric-vehicle revolution, yet today no major EV battery maker is based in the United States. Asia’s dominance reveals how sustained investment, organizational capabilities, and America’s embrace of shareholder value reshaped the global race for a critical technology.

The U.S. battery maker that could, and the U.S. auto company that wouldn’t

09/13/2026 Ineteconomics Analysis

General Motors once had the technology, talent, and partnership to lead the electric-vehicle revolution. Instead, it abandoned the EV1 and its battery venture while pouring billions into stock buybacks, helping turn an early American lead into decades of technological dependence.
Ovshinsky and Stempel
The planet is burning. The climate crisis is real. Our planet and the 8.3 billion people who call it home need a transportation-power revolution from fossil fuels to electricity.

Want to Entice New Residents? Offer Cash, for a Start.

09/12/2026 New York Times USA

Relocation incentives have a mixed record of helping cities and towns stand out as people return to rural America.

Elevated Inflation Keeps Pressure on Fed to Raise Rates

09/11/2026 New York Times USA

The odds of a quarter-point rate increase at the Federal Reserve’s meeting next week surged to 90 percent after August’s Consumer Price Index report.

AARP Projects 2027 Social Security COLA at 3.6%

09/11/2026 New York Times USA

If the AARP’s projection holds, the cost-of-living adjustment would be the largest since 2023.

Job cuts at Jaguar Land Rover show how a sensible corporate strategy is not always enough

09/11/2026 The Conversation UK

Richard OD/ShutterstockJaguar Land Rover’s decision to cut thousands of jobs comes after years of dealing with some extremely tough terrain in the world of car sales. Tough obstacles have included weakening demand from China, a shortage of vital semiconductors and the US slapping new tariffs on imported vehicles.

Travel bots are making decisions for us – convenient, but should we trust them?

09/11/2026 The Conversation UK

AI bots are making more decisions on our behalf when we make travel arrangements. Shutterstock AIImagine telling your phone that you want a quiet boutique hotel near a city centre, below a certain price, with a decent breakfast and late checkout. A few seconds later, an AI assistant compares the options, explains why each one fits and helps complete the booking.

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