VoxTalks Economics podcast

VoxTalks Economics

·

  VoxTalks  

Learn about groundbreaking new research, commentary and policy ideas from the world's leading economists. Presented by Tim Phillips.

Learn about groundbreaking new research, commentary and policy ideas from the world's leading economists. Presented by Tim Phillips.

 

#325

S7 Ep22: Europe’s economic security

Where is Europe’s economy vulnerable, and how can it manage that risk? A new joint report from CEPR and Bruegel investigates the challenges to economic security for Europe in the face of recent supply chain vulnerabilities and geopolitical shocks. Jean Pisani-Ferry is one of the editors of the report, and he talks to Tim Phillips about what has changed for Europe, and how we should respond. EUROPE’S ECONOMIC SECURITY, Paris Report 2. Editors Jean Pisani-Ferry, Beatrice Weder di Mauro, and Jeromin Zettelmeyer. ... Read more

Yesterday

21 MINS

21:21

Yesterday


#324

S7 Ep21: Clearing the path to growth

When a conflict ends, we know how minefields continue to destroy the lives of innocent people. But is there an economic, as well as a humanitarian, benefit to demining? Mounu Prem of Einaudi Institute for Economics and Finance is one of the authors of a paper that provides the first estimates of the economic dividend when a minefield is cleared, using records from humanitarian operations in Colombia. He talks to Tim Phillips. ... Read more

03 May 2024

25 MINS

25:39

03 May 2024


#323

S7 Ep20: How quickly should we adopt AI?

In March 2023, many experts supported an open letter that called for a six-month pause in giant AI experiments, and that development of these AIs should go ahead “only once we are confident that their effects will be positive, and their risks will be manageable”. In the second of our podcasts recorded at the 79th EP Panel, Tim Phillips asks Joshua Gans of the University of Toronto what might happen if we did pause AI adoption, and whether we should instead accelerate adoption of AI so that we can more quickly learn about its benefits and harms, and design better regulation as a result. ... Read more

26 Apr 2024

22 MINS

22:42

26 Apr 2024


#322

S7 Ep19: Which jobs will AI replace?

Recorded at the Spring 2024 Economic Policy Panel Meeting.  What will be the impact of AI on the labour market? Two new papers use the evidence from the early years of the 21st century to analyse who the winners and losers have been so far. Gino Gancia and Juan Jimeno analyse the labour markets of the US and Europe and tell Tim Phillips who the winners and losers have been so far. ... Read more

19 Apr 2024

24 MINS

24:15

19 Apr 2024


#321

S7 Ep18: Monetary policy, mortgages, and the housing market

This year’s World Economic Outlook report from the IMF features an intriguing piece of research that shows how rising policy rates bit harder in some countries than other because of differences in how existing mortgages are calculated, new mortgages are granted, and house prices. Rui Mano from the IMF’s Research Department tells Tim Phillips about how the housing channels of monetary policy help to squeeze out inflation, the variable impacts of rate hikes, and the risk of overtightening when householders can fix their mortgage repayments. ... Read more

08 Apr 2024

23 MINS

23:06

08 Apr 2024


#320

S7 Ep17: The long shadow of the Spanish Civil War

The Spanish Civil War that ended in 1939 was brutal and destructive. But does it still affect how Spanish people think and behave today, three generations later? Felipe Valencia Caicedo and Ana Tur-Prats talk to Tim Phillips about a legacy of distrust and poisoned political beliefs. Photo credit: Generalitat de Catalunya  ... Read more

05 Apr 2024

18 MINS

18:15

05 Apr 2024


#319

S7 Ep16: Monetary policy responses to inflation

What do we learn from the way central banks around the world responded to post-pandemic inflation? A new ebook from CEPR Press collects contributions from both academics and the central bankers who took the decisions. It explores what they did and how well it worked – and suggests some lessons that will help policymakers cope with the next inflationary episode. Bill English, one of the editors, talks to Tim Phillips. Download the ebook: [https://voxta.lk/MPresponse] (https://voxta.lk/MPresponse) ... Read more

28 Mar 2024

24 MINS

24:10

28 Mar 2024


#318

S7 Ep15: Mispriced risk and the end of ESG

Are markets acting efficiently when they price carbon risk? Alex Edmans talks to Alissa Kleinnijenhuis and Tim Phillips about how the earnings announcements of high emitters suggest mispricing of transition risk and argues that we should think of ESG is both extremely important – and nothing special. ... Read more

22 Mar 2024

39 MINS

39:21

22 Mar 2024


#317

S7 Ep14: Disasters and bank financing

Whether they war, disease or natural disasters, banks need to prepare for, and cope with, unexpected events. The third LTI report is published on 18 March by CEPR. Steven Ongena and Anna Pestova explain to Tim Phillips what the report reveals about how banks respond to these three types of disasters – and what that means for their customers. ... Read more

20 Mar 2024

22 MINS

22:15

20 Mar 2024


#316

S7 Ep13: Pandemic, war and debt

Covid-19 and the war on Ukraine have challenged debt sustainability. Can our existing institutions meet that challenge? Following the release of the CEPR fifth annual report on The Future of Banking, Tim Phillips talks to  Jeromin Zettelmeyer about whether the existing framework and institutions for resolving debt crises can cope. And, if not, what might replace them.  ... Read more

15 Mar 2024

23 MINS

23:42

15 Mar 2024


#315

S7 Ep12: Women are from Mars too

Are men from Mars, and women from Venus? If so, policies that seek to close the gender gap by equalising opportunities are unlikely to succeed. A recent paper finds that, contrary to popular belief, women and men’s traits are remarkably similar. Ruveyda Nur Gozen and Tim Phillips talk to Michelle Rao and Oriana Bandiera, two of the researchers who wrote the paper, about prejudice, policy, and the stubborn persistence of prior beliefs.  Papers mentioned in the podcast: Bandiera, O., Parekh, N., Petrongolo, B., & Rao, M. (2022). Men are from Mars, and Women Too: A Bayesian Meta‐analysis of Overconfidence Experiments. Economica, 89, S38-S70. ( [link] (https://onlinelibrary.wiley.com/doi/abs/10.111%601/ecca.12407) to paper) Bandiera, O., Fischer, G., Prat, A., & Ytsma, E. (2016). Do women respond less to performance pay? Building evidence from multiple experiments. ( [link] (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2893078) to paper) Rao, M. (2021) Gender Differences in altruism: a Bayesian hierarchical analysis of dictator games. Mimeo Bayer, A., Hoover, G. A., & Washington, E. (2020). How you can work to increase the presence and improve the experience of Black, Latinx, and Native American people in the economics profession. Journal of Economic Perspectives, 34(3), 193-219. ( [link] (https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.34.3.193) to paper) Bursztyn, L., González, A. L., & Yanagizawa-Drott, D. (2020). Misperceived social norms: Women working outside the home in Saudi Arabia. American economic review, 110(10), 2997-3029. ( [link] (https://www.aeaweb.org/articles?id=10.1257/aer.20180975) to paper) Diaz-Pardo, G., Rao, M. (2024). Women and Cash Transfers: how program design and local conditions relate to causal estimates of impact.  Field, E., Jayachandran, S., & Pande, R. (2010). Do traditional institutions constrain female entrepreneurship? A field experiment on business training in India. American Economic Review, 100(2), 125-129. Stansbury, A., & Schultz, R. (2023). The economics profession’s socioeconomic diversity problem. Journal of Economic Perspectives, 37(4), 207-230. ( [link] (https://www.aeaweb.org/articles?id=10.1257/jep.37.4.207) to paper) ... Read more

08 Mar 2024

17 MINS

17:40

08 Mar 2024


#314

S7 Ep11: Weder di Mauro: What went wrong at Credit Suisse

It is 12 months since the sudden downfall of Credit Suisse, one of a tiny number of Too Big to Fail global banks. Beatrice Weder di Mauro was one of an expert team who were asked by the Swiss Department of Finance to investigate the crisis and resolution. She talks to Tim Phillips about what they discovered, and the lessons we ignore at our peril. ... Read more

01 Mar 2024

22 MINS

22:55

01 Mar 2024


#313

S7 Ep10: The euro at 25

On 1 Jan 1999, the euro launched. In the 25 years that followed, despite several moments when it seemed the entire project might implode, it has proved to be extremely resilient. Marco Buti and Giancarlo Corsetti of the European University Institute tell Tim Phillips about the good times, the bad times, and the lessons learned in the euro’s first 25 years. ... Read more

23 Feb 2024

29 MINS

29:14

23 Feb 2024


#312

S7 Ep9: Can parents teach patience?

You want your children to be patient, work hard, and be able to save for the future. But can children learn these traits from their parents? Daniela Del Boca tells Tim Phillips about research in Italian families that investigates which children mirror the patience of their parents. ... Read more

16 Feb 2024

15 MINS

15:36

16 Feb 2024


#311

S7 Ep7: Climate finance instruments

Frédéric Samama has pioneered the development and introduction of instruments that make climate finance not only possible, but practical. He tells Alissa Kleinnijenhuis and Tim Phillips about his research, and how investors can incentivise firms to decarbonise. ... Read more

13 Feb 2024

36 MINS

36:01

13 Feb 2024


#310

S7 Ep8: Main Street’s pain, Wall Street’s gain

During Covid, America waited every Thursday for the release of the Initial Jobless Claims numbers at 8.30am. What happened next? Nancy Xu tells Tim Phillips that asset price movements may reflect expectations of government intervention as well as sentiment about the economy.  ... Read more

09 Feb 2024

16 MINS

16:11

09 Feb 2024


#309

S7 Ep6: The impact of mandatory profit sharing

Recorded at the CEPR Paris symposium 2023: In France, a law that compels many firms to share profits with their employees. Which employees end up earning more? And does their share in their employer’s success make them more productive? David Thesmar talks to Tim Phillips. ... Read more

02 Feb 2024

15 MINS

15:20

02 Feb 2024


#308

S7 Ep5: Microdata in Europe

Recorded at CEPR Paris Symposium 2023: data that's collected at the level of a household, a firm, or even an individual is extraordinarily valuable for researchers.  But there's not enough affordable, accessible, high-quality data of this type in Europe. Tim Phillips talks to Filippo di Mauro of CompNet and Ugo Panizza of the Graduate Institute in Geneva about their plans, backed by CEPR, to create more open, more consistent sources of policy-relevant microdata.  ... Read more

26 Jan 2024

19 MINS

19:13

26 Jan 2024


#307

S7 Ep4: The seeds of knowledge

Recorded at CEPR Paris Symposium 2023: Can we make a link between pre-modern scholars and GDP – and, if so, what is that link? David de la Croix has compiled data on Europe’s scholars from 1000-1800AD, including their expertise, where they were born and where they studied. Tim Phillips asks him if the seeds of knowledge were also the seeds of modern economic growth. ... Read more

19 Jan 2024

20 MINS

20:09

19 Jan 2024


#306

S7 Ep3: Young economists: Paris 2023

Recorded at CEPR Paris Symposium 2023: Tim Phillips meets three of the young researchers who were chosen to present. Margot Belguise, Arnaud Dyevre and Yasmine van der Straten talk about their work – and offer some advice for anyone who is starting out on their research. ... Read more

12 Jan 2024

26 MINS

26:55

12 Jan 2024


#305

S7 Ep2: Solving the wickedest problem

In the brief history of climate finance, Andrew Karolyi has been one of the pioneers, both as an author and a catalyst to encourage other finance experts to become involved. He talks to Alissa Kleinnijenhuis and Tim Phillips about what inspired him to take on what he calls “the wickedest of wicked problems”, how he kickstarted research on the topic, and the little-known involvement of King Charles III in the genesis of climate finance. ... Read more

10 Jan 2024

33 MINS

33:29

10 Jan 2024


#304

S7 Ep1: The global transmission of Fed rate hikes

Recorded at CEPR Paris Symposium 2023: The Fed has been rapidly raising rates recently. In the recent past this would have caused a red alert in the central banks of emerging markets. But not this time – so why not? Sebnem Kalemli-Ozcan tells Tim Phillips why this time, it’s different.  ... Read more

05 Jan 2024

15 MINS

15:17

05 Jan 2024


#303

S6 Ep57: The impact of refugees on community health

Africa’s refugees often live in large, permanent camps. While the arrival of refugees is often an economic boost for the region, it is also bad for the health of the children of local families. Anna Maria Mayda and Jean-François Maystadt tell Tim Phillips how their research resolved this contradiction. Picture: Julien Harneis/Flickr ... Read more

22 Dec 2023

20 MINS

20:28

22 Dec 2023


#302

S6 Ep56: A new programme area: Climate change and the environment

COP28 has just concluded. Every COP demonstrates both the urgent need to devise policies that will shape the future of our planet and the people who inhabit it, but also the difficulty of implementing those initiatives. That’s why CEPR is introducing 'Climate Change and the Environment' as its latest programme area. Mar Reguant, who will lead the programme, and Beatrice Weder di Mauro, President of CEPR talk to Tim Phillips about whether COP can ever deliver, how climate change is now a part of every economist’s research agenda, and how you can get involved in the programme. ... Read more

19 Dec 2023

11 MINS

11:47

19 Dec 2023


#301

S6 Ep55: Navigating city transport policy

When city dwellers travel, they worry about problems like about traffic jams, congestion charges, and the time spent waiting for public transport. Nicolas Martinez made a model of what happens when a street-smart population decides how and when to travel every day, and he tells Tim Phillips about how he applied it to investigate the usefulness of Paris’s traffic regulations. ... Read more

15 Dec 2023

19 MINS

19:30

15 Dec 2023