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Podcasts, Audiobooks & paternity leave

I recently went back to work after taking two and a half months off to be on paternity leave. It was wonderful to spend time with my child and bond. It was genuinely one of the most wonderful experiences I’ve had and one of the perks of living in Sweden.

During that time I also had a lot of time on my own, when the baby was asleep or out on a walk with his mother or just when I needed to fix around the house. To pass the time, I tried to keep up with the world and learn interesting things, in as passive a way as possible, given that I couldn’t just sit down and read. This would have required the use of my hands or eyes, which it turns out, as a dad, it’s something you lose. You must be able to track and catch a clumsy baby at all times… Podcasts and audiobooks are great for this. They’re also good for commuters and I still listen to the shows on my way to and from work.

The list below includes shows and books I’ve listened to during that time, which I thoroughly enjoyed and found fascinatingly, informative and eye-opening. Unsurprisingly, History, Economics and Politics figure prominently on this list. I thoroughly recommend it.


The History of Rome, by Mike Duncan – from its foundation in 753 BCE to the fall of the western empire in 476 CE. Probably one of the best podcasts out there. An inspiration for anyone interested in history and in writing/podcasting about it. Well researched and well delivered. Also, pay attention to the introductory and final comments in order to get a peak at what a rollercoaster making this podcast was for Mike.

The History of Byzantium, by Robin Pierson – from 476CE to its collapse in 1453CE. For me this is even more interesting than the history of Rome of which I knew a lot. My general ignorance about it and Robin’s extremely good research, nuanced synthesis and articulate and entertaining delivery of the material make this an enormously enjoyable listen.

Revolutions, by Mike Duncan – It’s supposed to cover them all from the 1640’s revolution that overthrew the Stuarts until the Iranian revolution in 1979 (expected). Presently, Mike is going through the revolutions of the first half that overthrew the post-Napoleon absolutist reactionary system known as the “Concert of Europe” orchestrated by Austria’s Metternich.

The History of Exploration, by Guillaume Lamothe – Maritime exploration plays a disproportionately large role in Portuguese history, culture and identity, not to mention the world and our species. Much like the others, this is a really great podcast. Unfortunately, there haven’t been updates in quite a while, which is a pity. The latest episode promised an upcoming exploration from an African perspective I’ve been looking forward to, but which Im starting to fear will never materialise. This really is a great show. I still recommend it even if there’s no further update,. The explorations of the Mediterranean world and its neighbouring regions before and around the time of Alexander the Great are fascinating and not well divulged enough. This is a place to acquaint yourself with them.

Planet Money, by NPR- little change of focus and style. This podcast and the next ones are more in line with the radio show format. The best way I can describe this podcast is that it basically discusses weirdly interesting case studies in economics. It’s mainly micro, although on occasion they’ll do an episode about what happened in Argentina or Venezuela. I’ve been hooked since I learned salmon sushi was invented as a way to create a market for Norwegian surplus fishing/farming as the country sought to unwind its subsidies. Just fascinating!

Hidden Brain, by Shankar Vedantam at NPR – behavioural economics podcast covering the usual suspects of psychology, sociology, neuroscience and economics. Fascinating, short and the presenter just sounds like the kindest guy ever.

Invisibilia, by Alix Spiegel, Hanna Rosin and Lulu Miller at NPR – a show about the invisible things that shape our life. Mostly interesting case studies in psychology, neuroscience and anthropology. A lot of sad and heavy stories, but the presenters tend to find a way to spin them in a heartwarming hopeful way. Each season has relatively few but long episodes. Without doing it the justice it deserves, past topics have covered real world Matt Murdock (minus the ninjas part of course, but bat-vision is still pretty awesome) and the Belgian town of Geel where people welcome mental illness patients into their homes. A lovely listen ūüôā

538 – intelligent, informed, quantitative and no-nonsense political analysis of what’s going on across the pond from Nate Silver, one of the few people to warn us against our optimism regarding the post-2016 election world.

Control Risks – world geopolitics from the leading political risk consultancy. For when you need a little bit more insight than cable news and the haystack of non-contextualised facts of the print media. Because it’s easy to lose yourself in the waves and lose sight of where the current is taking you.

Pop-culture happy hour, by NPR- for your daily dose of film reviews. Some times I wish it’d focus more on books and music but still very good, particularly the episodes about independent film festivals where they go through and recommend films I’d otherwise never hear about. Light, funny, generally kind and interesting! Because all the other entries are kind of heavy


The Vikings, by The Great Courses, lectured by Professor Kenneth W. Harl, from Tulane University – he offers a very comprehensive overview of the history of the Scandinavia from the Stone Age up to and including the creation of Sweden, Norway and Denmark. I never realised the debt that western culture owed to Icelandic poets…

1177 BC: The year civilisation collapsed, by Eric H. Cline of George Washington university – I remember learning about the Egyptians, the Minoans, the Mycenaeans, the Assyrians and the Hittites in history class when I was around 12-13 years old, but it seems I remembered relatively little and that that curriculum was either over-simplified or is now outdated. This book offers a comprehensive and authoritative overview of the evidence and the picture it paints about that distant but not so different time. The focus is on the trade between these civilisations and on the thriving international relations we are now able to witness in recovered historical records. But there’s plenty of fascinating snippets of econfomics and social insights. Also: the Iliad, Troy and complexity theory! Boom

Find these on iTunes or, like myself, on Overcast. Enjoy!


Returning to blogging

It appears that I have not written anything anywhere since September 2016. Prior to that my blogging output had shrank from a decent flo,w, about 4 years ago to a mere trickle due to the fact that my professional life required more and more attention and time. However, something else happened shortly after my latest post which required my undivided attention and care: together with my wife we had the great fortune to welcome our first child into the world. Understandably, that became a priority that took over everything else. ūüôā

However, now that it’s been a year and that he is starting kindergarten, I’m going to start having a little bit more time on my hands. Not too much. Just a little bit. Particularly in the mornings, so I’ll be able to post again a bit more now and then. Sometimes it’ll be short and about whatever I’ve been doing or thinking about. Other times, I’ll take several days to put down more complete ideas. The tone is not going to be purely academic, historic, economic, political or finance-y, because those are not the only things I think about, but I suspect they’ll make up a nice chunk of what I’ll be writing about as those are things that do tend to occupy my mind most of the time. Nevertheless, this website will become more of a daily life blog than the sort of exploration of my intellectual preoccupations I had initially intended because that’s just a little bit pretentious and time-consuming, both of which are things I’ve recently realised and am trying to address.

Moreover,¬†¬†I should mention is that I will do most of this posting here. I have plans to automate quarterly posts about the ECB and the Euro-zone and to publish those at Place du Luxembourg because they’d be relevant there. But until that automation is done, I’ll focus on doing things here.

Finally, I should mention that my motivation for blogging remains the same. I’ve been writing for a living for several years. I enjoy it and to an extent I’ve realised that writing things down helps me sort out my thought about whatever it is I’m thinking about. Putting the characters on the screen forces me to be a little bit clearer and more honest about my thoughts and re-reading myself forces me to be a little bit more critical about what I might have originally thought was just obviously true. Ultimately, I blog for my own sake to just get this stuff off my chest and out of my system without becoming an enormous bore to those around me. The internet being what it is, hopefully others might come across this and enjoy it. Others might not. That’s fine. I’ve long stopped chasing clicks. ūüôā

Bearing this in mind, have a good day and see you around.


Rise to Power and the Distribution of Rule Duration of Roman Emperors

Having gotten stuck in the project that I am working on at the moment, I decided to pass the time and heal my frustrations by playing a little bit with Roman Empire Data.

What I did was to match data for the duration of the Roman Empire with a few dummy variables on how each emperor rose to power. The data being what it is, what I found is purely descriptive. It does not really add anything that is particularly new, but at least it does not contradict common sense. Moreover, it is possible that by narrowing things down a little, it may hint at those things that matter most among those things we think matter.

It turns out that a lobbying mother, inheritance and practice make for longer rules while getting to power through the support of some general makes for shorter rules.

Continue reading Rise to Power and the Distribution of Rule Duration of Roman Emperors

Correcting the Probability of Roman Emperors – Data, Empirical CDF, Exponentional Functions, Kolmogorov-Smirnov Test, Confidence Levels and Critical Values

The idea that we can use distributions to describe political systems really stuck with me. Sure, it’s not the only one way to do so, but it seems to offer a particularly interesting and unbiased¬†approach to measuring the survival of political systems. Unfortunately, when I discussed this fact with an example of the Roman Empire, I got it wrong. Not the general conclusion. Just the detail. The way I did it was wrong… which is embarrassing. But there you go, now there’s going to be a record of how I did it wrong and how you do it right, which was kind of what I wanted to do with this blog in the first place.

The rest of this post is organised under the following headings:

  • How did I figure I was wrong?
  • I counted duration in approximate (integer) years not in days
  • I made a mistake calculating the Kolmogorov-Smirnov Test
  • Getting accurate data
  • My Final Say – Data, Procedure and Results

¬†If you are just interested on how it gets done, scroll through to the end, where I’ve actually posted the excel file with the correct solution to the problem. ¬†I hope this helps and somewhat redeems my mistake.

Continue reading Correcting the Probability of Roman Emperors – Data, Empirical CDF, Exponentional Functions, Kolmogorov-Smirnov Test, Confidence Levels and Critical Values

Economists, Quants and Traders

When I started working in finance¬†as a fixed income analyst I realised I had some insight about the macro and the political drivers of financial markets, but I knew very little¬†about finance, formally at least, in the sense I had never really studied it. More importantly, as I came to realised reading financial markets-trader oriented media, I knew nothing about what or how the market itself thought about how it worked. Having been trained in New Keynesian economics, I was accustomed to rational agents, micro-founded models and what I would otherwise describe as the rational ¬†choice¬†approach to social sciences. What I eventually realised was that quants and traders couldn’t really care less about those things. Quants looked at probabilities mainly and traders used technical¬†analysis for the most part. So what are their relationships?

Continue reading Economists, Quants and Traders

Roman Empire Roads, New Trade Theory and the history of Europe’s Economic Core

In preparing some tutorial notes on trade and geography, I was trying to convey some of the interesting agglomeration insights¬†of New Trade Theory and got stuck on whether I should mention the Roman Empire and its network of roads and the effect it may have had on establishing Europe’s economic core. Ultimately, I decided against it because I thought it would confuse students and because I didn’t find any reference that said that is a cause of Europe’s core. Also, this is a group of people of whom I cannot assume any prior knowledge of the Roman Empire and I might just end up confusing them. So for practicality’s sake I’ll stick to the typical examples about financial services in the City and in Wall Street and about Silicon Valley.

However, and mostly for my own sake I wanted to highlight the following two maps:

The first is a map of the EU with shades of GDP/capita by subnational economic (NUTS) regions. Notice the axis running from Flanders to northern Italy.

The second is a map of Roman Empire Roads.Notice how the darker region in the EU NUTS map coincides with the region in the northern European part of the Roman Empire that had a lot of roads, mainly connection border garrisons protecting the Rhine frontier.


Clearly, the relationship is not linear. If roads were all there was to it, Italy would have been the most developed region in Europe. I am not suggesting we ignore the remaining and very substantial developments of European economic history that took place in the intervening 15 centuries after the fall of the Western Roman Empire. Clearly, the trade integration of northern Europe, human capital development, the right policies and industrialisation conspired to make that axis even richer.

But I like to think about the Roman Empire and I would venture the guess that the overlap described above is not without its merits, tiny though they might be. One interesting thing would be to test the pervasiveness of that Flanders to Northern Italy axis throughout history. May be Angus Madison has relevant data.. ?

Oh and if you are unhappy with the amateurish nature of the map of Roman roads, or if you are just interested in such things, I would point you to the “ORBIS” project of Stanford University which has very detailed road data for the Roman Empire.

Latent factors of the term structure of yield curve

This post is a brief summary of how I found myself trying to learn how to model the term structure of the yield curve and the struggles that I faced.

If google brought you to this page in the late moments of your despair and agonising confusion with this model, I recommend you scroll straight to the bottom. The last six paragraphs might shed some light on the problems you are facing.

Continue reading Latent factors of the term structure of yield curve