Martin Wolf

@mw_econ

Macroeconomist @HSGStGallen. Research affiliate @cepr_org and frequent visitor @UniKonstanz.

St Gallen, Switzerland mwolfunisg.github.io/website Joined March 2020

466 Following 1.2K Followers 259 Posts

Latest posts 5

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Martin Wolf @mw_econ Dec 17, 2020

My former job market paper, Pecuniary Externalities in Economies with Downward Wage Rigidity, is now in print in this month’s issue of the Journal of Monetary Economics. It was a long journey, thanks to everyone who helped me in various stages of the project! A short thread.

Martin Wolf @mw_econ Sep 15

We are hiring! The University of St Gallen invites applications for a tenure-track Assistant Professor position in macroeconomics (unisg.ch/de/forschung/o…). Candidates working on applied topics and with a few years of post-doc experience are particularly encouraged to apply. 1/2

Martin Wolf @mw_econ May 13

Great debate going on and our small contribution. See also the very nice thread by @joachim_voth on the topic: x.com/joachim_voth/s…

Luca Fornaro @LucaFornaro3 May 13

Interesting debate between Krugman and @lugaricano on how much the US gains from hosting high-tech clusters, such as Silicon Valley. A few months ago, @mw_econ and I wrote down a simple model that captures both Krugman and Garicano's views crei.cat/wp-content/upl….
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Martin Wolf @mw_econ Feb 13

When private leverage is high, central banks may not be able to raise interest rates swiftly in response to inflationary shocks as this might trigger financial stress.

We call this financial dominance.

New paper:
Financial Dominance and Macroeconomic Expectations
👇

Martin Wolf @mw_econ May 22, 2025

Much to be learned from Luca in this podcast episode. He explains how macroeconomic policies shape productivity growth, and conversely, how growth matters for the design of macroeconomic policies. This link is key for many macroeconomic issues, but absent in typical macro models

Luca Fornaro @LucaFornaro3 May 19, 2025

Thanks a lot to @DavidBeckworth for the invitation, it was a pleasure to participate in the @Macro_Musings podcast!
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