Head of IMF Policy Analysis Group at Lietuvos bankas / PhD researcher at Vilnius University
Vilnius, Lithuania
Joined August 2015
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Simonas Algirdas Spurga retweeted
Very good Martin Wolf article on the problem of excess global savings. Wolf is one of the few economists who thinks in global terms and understands the balance of payments.
ft.com/content/c7159108-b58b… via @ft
External deficits and surpluses are influenced by whether you float or fix your currency – however, the effect depends on domestic institutions, namely labor market flexibility. New paper by @kuokstis and me in @CompEconStudies: rdcu.be/ekuG8
Lenin got one thing right: There are decades where nothing happens; and there are weeks where decades happen.
Simonas Algirdas Spurga retweeted
Fantastic macro data source for 243 countries
- GDP, inflation, government finance, trade, unemployment, interest rates etc.
- open-source
- continuously updated
- unification and extension of existing resources (IMF, World Bank, and OECD) with historical records:
More wage coordination leads to faster growth inside the Eurozone – such is the prevailing view in the literature. In our @LSEEuroppblog column, @kuokstis and I revisit this perspective and show that strong wage coordination may not be the only pathway to success.
💥 New: How important are corporatist institutions for economic success in the Eurozone?
✍️ Vytautas Kuokštis & @saspurga blogs.lse.ac.uk/europpblog/2…
Happy to have published on @voxeu! Together with @kuokstis and @AsaliMuh, we show that “fixers” (countries that fix their exchange rate) can match or even outperform floaters during recoveries from crises if they have flexible labour markets: cepr.org/voxeu/columns/excha…
What a discussion between the Bundesbank President and Prof De Grauwe on CB profits. Sure was a lively one…
My lecture at the Bundesbank today about how central banks can fight inflation without transferring their profits (and more) to the banks
bundesbank.de/de/service/ter…
Simonas Algirdas Spurga retweeted
The Euro zone trade deficit for August was published today. It's a monster. We've never before had sustained deficits of this size. When you're tempted to think the Euro has fallen too much, keep this picture in mind. The shock hitting Europe is massive. Euro will keep falling...
Simonas Algirdas Spurga retweeted
Unedited footage from Putin’s recent war rally in Moscow appears to show complete indifference among the captive crowd of bussed-in state workers. It seems propagandists added cheers and chants in the editing room. Is anything in Russia not faked?
xitter.cf/hot_ChilePepper/status…
Simonas Algirdas Spurga retweeted
Kissinger was already in the wrong century during the last century.
This Post is from an account that no longer exists. Learn more
Simonas Algirdas Spurga retweeted
So. I uess - the best moment for denacification end demilitarisation of Kuril Islands.
Simonas Algirdas Spurga retweeted
ukraine government headquarters in kharkiv. russia’s “restraint” in military operations turning into a massacre.
Simonas Algirdas Spurga retweeted
However, Central Banks must be forward-looking and therefore must use models and projections, adding, of course, some judgement. As Alan Blinder (1998) wrote, “looking out the window”, seeing the temperature, and deciding, is a very bad strategy for monetary policy. 14\14.
I am now a proud patron of The Kyiv Independent on @patreon, and you should be too: #NewPatron patreon.com/kyivindependent?…
Simonas Algirdas Spurga retweeted
The Kyiv Post has been killed.
Our entire team was fired today by the owner, Odesa real estate developer Adnan Kivan.
The notice came amid the ongoing attacks on the paper’s independence.
@KyivPost has been Ukraine’s Global Voice for 26 years.
Our statement:
Simonas Algirdas Spurga retweeted
Happy to discuss global fiscal trends, Euro area and LT fiscal policy & possible changes to the EU Stability and Growth Pact with the IMF’s Director of Fiscal Affairs Vitor Gaspar. @IMFNews
Simonas Algirdas Spurga retweeted
Amir Sufi presenting our new paper on inequality and the interest rate at the Jackson Hole symposium
Bottom line: Rise in inequality is a powerful reason for the fall in interest rates, and demographics not as much
kansascityfed.org/documents/…
Simonas Algirdas Spurga retweeted
“Mario, I remember being in a seminar where you saved the euro in the middle of a crisis with one phrase,” Boris Johnson said by way of introduction to the Italian prime minister. “Tell us about your perspective.” (@business) bloomberg.com/news/articles/…
Simonas Algirdas Spurga retweeted
A specific loan has to be paid back, but are you suggesting that the entire debt stock should be paid back? - for a government and a company?
Sure not, so question is what the optimal level of sov debt is - and that question is a whole lot harder to answer than most appreciate.
