Palma Polyak
Senior Researcher @ Max Planck Institute for the Study of Societies, Cologne | IPE & Geoeconomics | Trade imbalances 🚢 & EV battery value chains 🔋
palmapolyak.weebly.com/research.html
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- It's MaxCPE day! 🥁 Join us for our online seminar at 15.30 for an exciting talk titled "Adaptive Political Economy: Towards a New Paradigm" by Yuen Yuen Ang of Johns Hopkins University, discussed by MPIfG's Lucio Baccaro ✉️ Drop an email to maxcpe@mpifg.de to sign up www.mpifg.de/max-cpe-work...
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- Reposted by Palma PolyakEU Enlargement is back! In this new article, we detect with @matthiasthiemann.bsky.social and Dan Mocanu the rise of a state-like network led by DG ENEST, networked through @eib.org, the EBRD and national development banks, defined by the logic of blended finance. www.tandfonline.com/doi/full/10....
- Happy Schuman Day! ✌️🇪🇺🔥
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- The first Hungarian ever to win the Premier League 🥰🏆 #YNWA
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- ✨ It’s MaxCPE week! ✨ Don’t miss tomorrow’s webinar at 1pm CEST—Oddný Helgadóttir will present her co-authored paper on lay expertise in economics & @benclift.bsky.social will join us to discuss. ✉️ Drop an email to maxcpe@mpifg.de to sign up
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- Such an important call by @katalincseh.bsky.social to respond to Orban’s hideous Pride ban👇 Please share it widely & write your representatives. Also: no one from the @ec.europa.eu has offered more than deep concerns so far #SeeYouAtBudapestPride 🏳️🌈 www.theguardian.com/commentisfre...
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- Reposted by Palma PolyakIt may seem counterintuitive to issue more debt during a crisis. But in a world where US economic policy is unpredictable, safe asset diversification suddenly has value. And the EU’s best response to US tariffs is to issue more debt. My OpED at @bruegel.bsky.social www.bruegel.org/first-glance...
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- Reposted by Palma PolyakThe thing about Europe: it's the actual land of the free now. Whatever problems Europe has - and it has plenty - it is looking pretty damn good by comparison these days. My Charlemagne this week www.economist.com/europe/2025/...
- Reposted by Palma PolyakThe parallels with Hungary are striking with one key exception in my view: Hungary’s decline has been relative and slow. Hard for voters to understand. Trump’s willingness to visibly break the economy in pursuit of economically illiterate tariff policy may put the US on a different path soon.
- Last week, I wrote about how authoritarianism leads to poverty and corruption. Feels like an appropriate moment to post it again. www.theatlantic.com/magazine/arc...
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- Reposted by Palma Polyak“A trillion comments have been wasted accusing the wrong people of Trump derangement syndrome. The real TDS afflicts those who keep seeing a rational actor, or an economic chess game, where none exists.” Me on Trump’s wrecking ball. www.ft.com/content/9f51...
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- Reposted by Palma PolyakNEW EPISODE Old friend @soumayakeynes.ft.com joins @chadpbown.com on an emergency episode explaining President Trump’s sweeping April 2 tariff announcement. They cover history, the dollar, and even the U.S. legal system to clarify what we know about the tariff actions so far.
- I've been browsing the 'Posts' tab of this pack quite a bit lately — it might come in handy. It's by no means exhaustive, but as a bonus: it's gender balanced. go.bsky.app/S87TfHvat://did:plc:7hjw3n2f7fokngvj5a43ly2k/app.bsky.graph.starterpack/3lgq67tdtjy2h
- Reposted by Palma PolyakWe've been talking an awful lot about how the Trump tariffs will hit the big players: the UK, China, Canada, France, Germany etc But it's time to talk about the ones who DON'T have loud voices. Because some of the poorest countries in the world are going to be crippled by what happened last night
- Reposted by Palma PolyakI'm still getting confused questions about how tariffs work, who pays them (not the foreign government!), and their economic impact. Let me walk you through this with a simple car example. 1/
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- I keep thinking about this quote from Matthew C. Klein. The US was actually a big winner from this predicament, but spectacularly failed to redistribute the gains from these wins, and let key constituencies lose out. www.ft.com/content/f057...
- … and beside China, Europe has also notoriously been part of the problem, not the solution Let’s see if we can rediscover the importance of domestic demand to sustain employment
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- Really heartwarming stuff ❤️🇪🇺 As Orbán’s Pride ban threatens us with facial recognition cameras and €500 fines for marching at Budapest Pride, MEPs are pledging to join us in the march.
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- They’re saying—it doesn’t matter *why* you’re not buying enough from us (currency manipulation, tariffs, austerity, you hate us, etc), if you’re not buying enough, you get the tariff What really makes zero sense is to 1) call it tariffs, 2) put an actual tariff next to it & call it “reciprocal”
- Reposted by Palma Polyakthey straight up just sorted the wikipedia trade deficit list by volume and wrote some numbers down man
- to be fair, they do look like sneaky currency manipulators
- traders frantically google "is northern irish company stock a thing"
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- I just got around to listening to this in full. You rarely hear so much wisdom in one podcast. Weirdly, it's equal parts terrifying and soothing.
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- Reposted by Palma Polyak💥🇭🇺 Police have given up guarding Budapest’s Liberty Bridge as anti-government protesters shut down traffic on four major bridges, rallying against Viktor Orbán’s new law curbing freedom of assembly and banning the Pride march. They vow to escalate with a 24-hour shutdown next week.
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- Reposted by Palma PolyakExtremely important point from Brad: Europe’s core problem is that both of its main export markets are drying up—each for different reasons, but at the same time. The EU’s best shot to compensate this is to get serious about completing the single market. And to boost demand from within.
- Join us tomorrow for this exciting webinar! 📧 Drop an email to maxcpe@mpifg.de if you're not on our mailing list yet bsky.app/profile/mpif...
- Don’t miss the next MAX CPE seminar this Wednesday! With Clara Mattei: "The Capital Order. How Economists Invented Austerity and Paved the Way to Fascism" Sign up by tomorrow to receive papers related to the presentation. s.gwdg.de/KWothB @dustinvoss.bsky.social @palmapolyak.bsky.social
- Reposted by Palma PolyakNEW: Elon Musk’s X has suspended accounts of Turkish opposition groups, suppressing footage of anti-government protests. So, best we share all the footage we can here! This was last night’s massive demo against Erdogan’s government, which follows the arrest of his rival Ekrem İmamoğlu. 🇹🇷 #Turkey
- Reposted by Palma PolyakMany people rightly point to the core role that mainstream right parties play for defending liberal democracy against the far-right threat. However, solely focusing on the centre-right ignores the errors that leftwing parties have committed that have empowered the far right. A few thoughts …
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- Watching the US slide into autocracy feels eerily familiar — like re-living the early years of Orbánism (only more intense, honestly). I wrote down some reflections from that period. It won’t make you feel better. But it might make the stakes clearer. medium.com/@palma.polya...
- Hungary’s regime typology debate has raged for 15 years. Of all the labels for non-democracies that aren’t full dictatorships—hybrid regime, electoral autocracy—I’ve always backed one: mafia state. It nails the Putin-style kleptocracy at Orbánism’s core, and I agree the US is heading the same way 👇
- By week’s end, the Musk-Trump partnership increasingly resembled less a functional constitutional democracy and more a mafia-style racketeering organization that blended private business profit with official government power. www.doomsdayscenario.co/p/trump-musk...
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