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

FEDS Paper: (Re-)Connecting Inflation and the Labor Market: A Tale of Two Curves(Revised)

05/28/2025 Federal Reserve Central banks

Hie Joo Ahn and Jeremy B. RuddWe propose an empirical framework in which shocks to worker reallocation, aggregate activity, and labor supply drive the joint dynamics of the labor market and inflation, and where reallocation shocks take two forms depending on whether they result from quits or from job losses. We find that these structural shocks, which affect the Beveridge curve, have different effects on inflation.

The Economics of Being Seen

05/28/2025 Ineteconomics Analysis

What does economic inequality look like when we account for gender identity, sexual orientation, and lived experience?

Have sanctions against Russia backfired? What apartheid-era South Africa tells us about who may be profiting

05/28/2025 The Conversation UK

There are no longer any golden arches logos in Russia, but is the firm hoping for a return? forden/ShutterstockEven as the war in Ukraine grinds on, some multinational companies are quietly positioning themselves for a thaw in relations with Russia.

Guns bought in the US and trafficked to Mexican drug cartels fuel violence in Mexico and the migration crisis

05/28/2025 The Conversation USA

The Mexican security forces tracking Nemesio Oseguera Cervantes – the leader of a deadly drug cartel that has been a top driver of violence in Mexico and narcotic addiction in America – thought they finally had him cornered on May 1, 2015.

Public health and private equity: What the Walgreens buyout could mean for the future of pharmacy care

05/28/2025 The Conversation USA

Pharmacies are more than just stores – they’re vital links between people and their health care.

One of us, Patrick, witnessed this firsthand in 2003 while working as a pharmacy technician at Walgreens in a midsize West Texas town. Each day involved handling hundreds of prescriptions as they moved through the system – meticulously counting pills, deciphering doctors’ handwriting and sorting out confusing insurance issues. The experience revealed that how pharmacies are owned and managed is as much a public health issue as it is a financial one.

Critical minerals don’t belong in landfills – microwave tech offers a cleaner way to reclaim them from e-waste

05/28/2025 The Conversation USA

Broken electronics still contain valuable critical minerals. Beeldbewerking/iStock/Getty Images PlusWhen the computer or phone you’re using right now blinks its last blink and you drop it off for recycling, do you know what happens?

Trump surrounds himself with sycophants. It’s a terrible way to run a business – and a country

05/28/2025 The Conversation UK

Since the start of his second term in office, US president Donald Trump has cultivated a political atmosphere that discourages freedom of thought. He also actively villainises and punishes any dissenting opinion. Worryingly, this atmosphere looks like it is spreading across other democracies.

IFDP Paper: Corporate Debt Maturity and Business Cycle Fluctuations

05/27/2025 Federal Reserve Central banks

Francesco Ferrante, Andrea Prestipino, Immo SchottLong-term debt is the main source of firm-financing in the U.S. We show that accounting for debt maturity is crucial for understanding business cycle dynamics. We develop a macroeconomic model with defaultable long-term debt and equity adjustment costs.

Regulating AI seems like an impossible task, but ethically and economically, it’s a vital one

05/27/2025 The Conversation UK

AlinStock/ShutterstockAI has already transformed industries and the way the world works. And its development has been so rapid that it can be hard to keep up. This means that those responsible for dealing with AI’s impact on issues such as safety, privacy and ethics must be equally speedy.

But regulating such a fast-moving and complex sector is extremely difficult.

Cartoon Network changed animation forever – Warner Bros shouldn’t let it die

05/27/2025 The Conversation UK

Many people – myself included – remember Cartoon Network as their favourite TV channel to watch after school. Launched in 1992, Cartoon Network became a global cable brand, available in over 180 countries.

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