Former central banker; Research Associate Levy Economics Institute, Bard Collage. Have also worked for the Norwegian Treasury, IMF and the World Bank.

Oslo, Norway
Joined September 2011
Thorvald Grung Moe retweeted
Israeli Defense Minister Katz on Lebanon: '60 villages destroyed. 23,000 houses demolished. 200,000 residents gone. This is the Gaza model, and this is the model we are implementing.' Just a Minister of Defense proudly listing the villages he erased and the 200,000 people he displaced They've stopped hiding it
374
3,280
458
3,732
88,634
Thorvald Grung Moe retweeted
What happened starting in 1980? Mass Privatisation. So instead of your wages being decided by what your Government could afford and what you earned, you are paid as little as possible to maximise profit.
81
1,122
34
2,429
26,842
Thorvald Grung Moe retweeted
The Guardian 12 years ago actually carried an article stating that we were being dragged into war in #Ukraine. So why have so many liberals fallen for the NATO propaganda? Wake up, people, before it's too late! theguardian.com/commentisfre…
27
374
14
754
11,091
Thorvald Grung Moe retweeted
Thank God! I was getting worried that no one had as yet blamed Russia for what's going on in France. Thank you, @vonderburchard. We've found the real culprit.
Es kann leider nicht ausgeschlossen werden, dass bei der Gewalteskalation in Frankreich auch durch Russland angeheuerte Saboteure eine Rolle spielten. So passierte es schon bei Anschlägen auf jüdische Gedenkstätten. Moskau verfolgt das Ziel, unsere Gesellschaft zu spalten.
15
37
318
3,401
Thorvald Grung Moe retweeted
this is a great, theoretically innovative paper - it develops green macrofinancial regimes into a new direction: fragmentation within state elites that in turn results in competing visions of green derisking
16
49
3,447
Thorvald Grung Moe retweeted
Can’t think of a contemporary scholar who has been more vindicated by the European war than @MearsheimerJ. He was not alone in his warnings, of course. Every serious scholar of Russia and IR, and every serious intelligence analyst all the way up to CIA Director Burns knew exactly what would happen as a result of our aggressive Russia policy. And they said so, in writing. None of this is secret.
unavailable
3
108
14
784
41,324
Thorvald Grung Moe retweeted
If you teach Money in some course, and do not include this paper by @i_aldasoro in your syllabus, you're a bad teacher. Formidable article, the clearest and among the best expositions on money and credit. Mandatory reading. bis.org/publications/paper-1…
3
28
2
171
13,083
Thorvald Grung Moe retweeted
1.- ¿Los Nobel de Economía de 2026? Otra vez premiando la fantasía matemática. Como bien denunció Paul Romer, la macroeconomía moderna sufre de "mathiness": el uso de ecuaciones complejas no para buscar la verdad, sino para camuflar sesgos ideológicos y proteger el statu quo
12
171
18
698
42,378
Thorvald Grung Moe retweeted
In another world. In our world, he was isolated from the whole discipline; forced to work in a little corner of his own; not even regarded as a real economist by the math junkies. His entire career is a great indictment of economics. The situation in 2006 was so bad that you were better off reading one book by Mehring than getting a PhD in economics from Harvard. It was only with the shock of 2008 — that only he and a few others, and none of the mainstream economists, could make sense of — that his star rose. This was the beginning to the empirical turn in a discipline long dominated by math junkies. We’re maybe a quarter of the way out of the vice grip of the Brahmins. Take the current fake Nobel prize. It was awarded to someone for mathematical jiu jitsu that greatly satisfied the Brahmins but has almost no empirical support. Even a single paper by Mehring is vastly more important to an actual understanding of the world than the entire literature on microfoundations of the New Keynesian toy models.
Can't believe it, this is so sad. In a week we are talking about the Nobel Prize, here's a guy who would have deserved it.
2
38
9
251
15,558
Thorvald Grung Moe retweeted
I couldn't stop thinking about all the recent deaths so I've spent the last couple of hours writing. I am about 2/3rds done, should be out in the morning. A certain small corner of the world won't want to miss this. crisesnotes.com/#/portal/sig…
2
30
144
5,008
Thorvald Grung Moe retweeted
“The state has to act to make essentials affordable.” I sat down with Paul Hannon of the @WSJ to talk about my forthcoming book ANTI-FASCIST ECONOMICS and how our policymakers can act to achieve dignity for all. 🔗 Read online now. Link below.
8
42
140
3,965
Thorvald Grung Moe retweeted
Replying to @NuryVittachi
@NuryVittachi had to do a cartoon about this. This policy started in the winter of 2017/ 2018 and has been rigidly followed ever since.
1
7
20
548
Thorvald Grung Moe retweeted
I liked Mehrling's online class and books. There was an exchange between him and Michael Woodford. You can read Mehrling's comments on Woodford's book here: cambridge.org/core/journals/… Woodford's reply (to Mehrling and other contributors to the Symposium on Interest and Prices): cambridge.org/core/journals/…
Perry Mehrling, RIP. According to the History of Economics Society, Perry Mehrling died "Monday night from injury sustained in a fall several days earlier." He was Professor of International Political Economy at Boston University and, previously, longtime Professor of Economics at Barnard College. He was a highly esteemed historian of economics. Here is his homepage: sites.bu.edu/perry/ His last book: "Money and Empire: Charles P. Kindleberger and the Dollar System" amzn.to/47RVhJ2 "Charles Kindleberger ranks as one of the twentieth century's best known and most influential international economists. This book traces the evolution of his thinking in the context of a 'key-currency' approach to the rise of the dollar system, here revealed as the indispensable framework for global economic development since World War II. Unlike most of his colleagues, Kindleberger was deeply interested in history, and his economics brimmed with real people and institutional details. His research at the New York Fed and BIS during the Great Depression, his wartime intelligence work, and his role in administering the Marshall Plan gave him deep insight into how the international financial system really operated. A biography of both the dollar and a man, this book is also the story of the development of ideas about how money works. It throws revealing light on the underlying economic forces and political obstacles shaping our globalized world." Charles Goodhart: "The discipline of economics is balanced, somewhat unsteadily, between two legs, with the skill of the historian on one side and of the mathematical modeler on the other. In the second half of the 20th century, the tide flowed strongly to elevate the second leg and to diminish the first. In this delightful biography of Charlie Kindleberger, a charming and loveable man, Perry Mehrling shows how Charlie, in his chosen role, as an international monetary economist, fought against that tide, often unsuccessfully. Perry writes so beautifully that one would only need a smattering of economics to enjoy the tale; while if one is interested in the history of economic thought in international monetary economics, then this book is, of course, a must read.' amzn.to/47RVhJ2
3
21
2
106
7,891
Thorvald Grung Moe retweeted
Terribly shocking and sad. Perry interviewed me for my current job a very long time ago and was my colleague and department chair for many years. One of the most original scholars I have known. ineteconomics.org/perspectiv…
7
21
2
142
8,650
Just very sad
During the financial crisis, at the Treasury Department, Perry Mehrling, Gary Gorton, and Paul Tucker were the three thinkers whose work was most useful in helping us reach a deeper understanding of the situation. Later, Perry was
1
163
Thorvald Grung Moe retweeted
I’m told Perry Mehrling has passed away. His money and banking course at Barnard was hugely formative for me and many others. This is an awful year for social thought. And I’m afraid we’re not producing many people of that caliber who can fill the ranks.
14
68
34
536
64,887
Thorvald Grung Moe retweeted
50 years of macroeconomics in a nutshell: Lucas: “Your Keynesian models are full of ad hoc assumptions. We need proper microfoundations!” SMD: “Well, individual rationality doesn't guarantee nice aggregate behavior.” New Classical macroeconomists: “Aggregation is a problem? Let's just model the entire economy as ONE representative agent. Problem solved.” New Keynesians: “Cool. Now let's throw in some ad hoc assumptions to make it work.” And that's how ad hoc assumptions became microfoundations.
9
63
12
378
37,840
Nice talk, all central banking stuff; safe trip home
Delighted to visit with @finstab on Oslo this evening. Thorvald is a veteran of the Norges Bank, Norwegian Finance Ministry, IMF, and is a former @Macro_Musings guest!
13
391
Thanks for posting; classic paper
1
1
6
462
Thorvald Grung Moe retweeted
Perry Mehrling's influence lives on. Inaki Aldasoro of the BIS @i_aldasoro has a paper out today that draws heavily on his work. I was already poised to big it up, because, having digested it, I decided it was one of the best papers I have ever read on the architecture of money. A perfect synthesis of the many iterations of the money view, framed in the context of recent stablecoin developments (a key point of discussion between Perry and me). This was before I learned of Perry's death. It seems particularly poignant that it came out today. And I see Inaki has dedicated it to Perry's memory. It is a brilliant paper. Please do read it. thepeg.co/p/rip-perry-mehrli…
5
46
1
225
13,911