Global Economy

From the QJE, by Alexandr Kopytov, Mathieu Taschereau-Dumouchel, and Zebang Xu: We propose a tractable model in which risk, at both the micro and macro levels, is endogenous and driven by incentives. In the model, each firm chooses the mean and the variance of its productivity process, as well as how it covaries with the productivity of other firms. Aggregate risk arises when firms select productivity processes that are correlated with one another. The theory predicts that larger firms and those

Ethiopia is the center of the world right now as it has returned to war. Ethiopian forces retook Mekelle from rebel forces, but the fighting has extended beyond Tigray. Eritrean forces allegedly entered Tigray, and Ethiopia responded with drone attacks. The war could go a number of ways. The war extends beyond Ethiopia. Sara Al-Saeed explains how Egypt extended its rivalry with Ethiopia across the Horn of Africa. Relations with Eritrea have soured. Pay attention to the Assab Port. Learn more abo

1. Charles Kenny on foreign aid. 2. Rise and fall of the plasma screen. 3. France also has very high private debt. 4. Ross Douthat will do a weekly column for The Free Press.  And from Ross himself. 5. Encryption risk? 6. “The Altruists premieres November 19.” 7. Emily Wilson on various Canadian writers. The post Friday assorted links appeared first on Marginal REVOLUTION.

While the holiday in China may keep rates stable, weather-related disruptions are keeping freight fees elevated, Freightos reported.

Nippon Express and Japan Airlines' weekly circuit connects Los Angeles with key hubs in Asia for AI and semiconductor cargo.

“People, processes, data and systems” are essential elements of any automation strategy, Sven Diedrich, head of digital transformation and business solutions at Pinaxis, said at IMTS in Chicago.

Ever get the feeling you’ve been CHAD?

By certifying a class of importers this week, the Court of International Trade seeks to ensure all businesses that paid the illegal levies receive reimbursements.

Plot goes the weasel

Supplied by Bryan Caplan, performed by ChatGPT, excerpt: So Cowen isn’t well described as either “positive” or “negative.” A much better description is: High appreciation + high concern + very low emotional agitation. He seems to think there is an astonishing amount of wonderful stuff in the world and an astonishing number of things worth worrying about. That combination is unusual. Insightful throughout.  And have a nice day! The post A Sentiment Analysis of Cowen, Hanson, Caplan, and Krugman a

Sticky tape; ratings; transmission; maths; dataviz; drones; names

Games Workshop’s wall of worry keeps getting steeper

Hey Tyler I consider Stubborn Attachments your most dogmatic and religious book. Pondering on it, here are my Abrahamic readings of it: Jewish: Ten Commandments, obviously. While the bigger canon of Jewish laws tend to be overly conservative because people will fail following them anyway, the Ten Commandments are the laws the Jews should be stubbornly attached to. It’s easy to to rewrite the two guidelines of Stubborn Attachments as “Thou shalt … “. Another fun Jewish phrasing of the book would

Matthew Hook will step into the role on Oct. 12 with a mandate of continuing to modernize operations and boost service levels.

From Ingar Haaland: With math essentially being delegated to OpenAI, here’s what I predict for economics and the social sciences more generally: The top tier of research will just become better and it will be normal human-led research where AI is used for scale (e.g. conducting qualitative interviews with relevant populations, running behavioral interventions in the field, analyzing massive text data, etc.) Field experiments will rise in value and generally making “connections&#8221

1. War in space? 2. How the math breakthroughs might matter. 3. Short proof of quasi-Riemann. 4. App for finding art exhibitions. 5. Podcast on African economic growth. 6. New and very good book: The Madrid Model: How Freedom and Openness Created an Economic Powerhouse, by Diego Sánchez de la Cruz. 7. This is only the beginning. 8. Democracy thwarted, pufffin to be featured on banknotes. The post Thursday assorted links appeared first on Marginal REVOLUTION.

Mesabi Metallics’ steel facility will be the largest in the U.S., creating 1,750 jobs and adding 10 million tons of annual production capacity. The company is also investing $3 billion to complete an iron ore mine in Minnesota.

However, for now, the agency can only reimburse businesses that submitted a valid importer of record number by July 30.

The delivery offering provides long-haul transit from Nippon Express warehouses near the Port of Los Angeles to any U.S. destination within 100 miles of designated metropolitan areas.

The Air SMP and Economy Air services can speed up inventory replenishment and help with peak season preparations, according to Amazon.