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Content provided by IMF Podcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by IMF Podcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Listen to IMF economists and other experts discuss key economic and financial issues of the day.
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665 episoade
Marcați toate (ne)redate ...
Manage series 2794665
Content provided by IMF Podcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by IMF Podcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Listen to IMF economists and other experts discuss key economic and financial issues of the day.
…
continue reading
665 episoade
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1 Amory Gethin Measures the Economic Value of Education 14:04
14:04
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Economists have long surmised that people’s knowledge and skills contribute significantly to economic development, but to what degree can access to an education change lives? Amory Gethin has compiled data from surveys from more than 150 countries to measure what economists have never measured before: the correlation between education and individual incomes. Gethin is an economist in the World Bank Development Research Group working on growth and inequality and has sought to quantify the economic value of education as it relates to global poverty reduction. In this podcast, Gethin says investing in education advances those who pursue degrees and those who don’t. Transcript : https://bit.ly/4iFzYOl…

1 Karthik Sastry on Animal Spirits and the Economy 21:18
21:18
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While we like to think our financial decisions are based on logic, the truth is, they are largely driven by emotion. So when John Maynard Keynes looked for methods to measure economic fluctuations, animal spirits were a key ingredient. Karthik Sastry is a macroeconomist and assistant professor at Princeton University. In this podcast, he says personal instincts and primal urges are known to cause cycles of boom and bust, and one way to gauge those emotions is through economic narratives. Sastry is coauthor with Joel Flynn of How Animal Spirits Affect the Economy published in Finance and Development magazine. Transcript : https://bit.ly/43HkuoB Read the article at IMF.org/fandd…

1 Oren Cass on the Invisible Hand 23:19
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Modern economics was built on ideas spelled out by Adam Smith in his 18th-century The Wealth of Nations. But while he used the term only once in that economic treatise, Smith is most remembered for “the invisible hand,” a metaphor Oren Cass says has wrongly been associated with the idea that the pursuit of profit is always socially beneficial and that markets are somehow magically guided by that principal. Cass is the founder and chief economist at American Compass. In this podcast, he says the contortion of Smith’s idea led to a blind faith in markets, whereas “the invisible hand” was about ensuring the alignment between private profit and the public interest. Transcript : https://bit.ly/3DdWizp Read the article in Finance and Development: IMF.org/FANDD…

1 Driving Change: Rumana Huque on the Real Costs of Bangladesh’s Tobacco Dependency 18:52
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Driving Change: Women-Led Development Economics from the Ground Up The International Economic Association’s Women in Leadership in Economics Initiative (IEA-WE) connects women economists worldwide and helps showcase their important empirical research, especially in developing countries. IMF Podcasts has partnered with the IEA-WE to produce a special series featuring the economists behind the invaluable local research that informs policymakers in places often overlooked. This episode of Driving Change features Bangladeshi economist Rumana Huque, whose research into the real costs of tobacco consumption is prompting a rethink of the country’s tobacco tax system. Transcript : https://bit.ly/3QzmCqP Other episodes include Kenyan economist Rose Ngugi, whose indices help local counties design policies that work, Colombian economics Professor Marcela Eslava, whose research looks to fix Latin America’s dysfunctional social security network, and Ipek Illkaracan who makes the business case for investing in social care infrastructure. Special thanks to IEA editor Navika Mehta for this collaboration.…

1 Sanjeev Gupta on Health Financing 13:19
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The pandemic was a brutal reminder of how crucial public health systems are, yet health budgets in many countries are still underfunded. Developing economies generally do not allocate sufficient domestic resources to health and external financing is becoming increasingly difficult to secure. Sanjeev Gupta is a senior policy fellow at the Center for Global Development and coauthor with Victoria Fan of How to Heal Health Financing , published in Finance and Development magazine. In this podcast, Gupta says greater revenue collection and improved budget execution would strengthen health systems in low-income countries and reduce the need for foreign assistance. Transcript : https://bit.ly/4hRwZSP Read the article in Finance and Development: IMF.org/fandd…

1 Simon Johnson on Technology, Institutions and Prosperity 26:24
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Countries with better institutions are more prosperous. A truism perhaps, but then why are they so hard to build and sustain? That is the question that Simon Johnson has sought to explain since the fall of communism and the basis for the research that won him the 2024 Nobel Prize in Economic Sciences. Johnson, a former IMF chief economist, now a professor at MIT in the Sloan School of Management, shares the award with James Robinson and Daron Acemoglu, who’s also coauthor of his latest book Power and Progress , which challenges the assumption that technology equals progress . In this podcast, Johnson says when controlled by a select few, tech innovation can be self-serving and risk undermining the institutions that make it possible. Transcript : https://bit.ly/4b2V1aV…

1 Elizabeth Johnson on Fixing Sao Paolo’s Housing Deficit 16:58
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As urbanization continues to grow worldwide, affordable housing is a rare commodity in many cities. Sao Paolo, South America’s biggest city, has gained over 2 million new residents in the past decade alone. Elizabeth Johnson heads Brazil research at TS Lombard and has been studying Sao Paolo’s latest attempt at strengthening its housing strategy. In this podcast, Johnson says the city looked to its largely abandoned downtown core to address its housing woes. Transcript : https://bit.ly/4fuFBNj Read the article in Finance and Development: IMF.org/fandd…

1 Deniz Igan on The Housing Affordability Crunch 22:09
22:09
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While housing markets play a significant role in economies, new research shows houses across 40 countries are less affordable than at any time since the 2008 financial crisis. IMF economist Deniz Igan helped develop the Housing Affordability Index. In this podcast, she says the pandemic triggered an unusual sequence of events that housing markets around the world are still struggling to correct. Transcript : https://bit.ly/49AeK0N Read the article in Finance and Development: IMF.org/fandd…

1 Driving Change: Marcela Eslava on Latin America’s Social Security Woes 17:28
17:28
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Driving Change: Women-Led Development Economics from the Ground Up The International Economic Association’s Women in Leadership in Economics Initiative (IEA-WE) connects women economists worldwide and helps showcase their important empirical research, especially in developing countries. IMF Podcasts has partnered with the IEA-WE to produce a special series featuring the economists behind the invaluable local research that informs policymakers in places often overlooked. This episode of Driving Change features Colombian economics Professor Marcela Eslava, whose research looks to fix Latin America’s dysfunctional social security network. Other episodes in the series include Turkish economist Ipek Ilkkaracan, who makes a strong business case for investing in social care infrastructure, and Kenyan economist Rose Ngugi, whose indices help local counties design better policies. Transcript : https://bit.ly/3Os40bc Special thanks to IEA editor Navika Mehta for this collaboration.…

1 Driving Change: Rose Ngugi on how Indices are giving Kenya an Edge 22:28
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Driving Change: Women-Led Development Economics from the Ground Up The International Economic Association’s Women in Leadership in Economics Initiative (IEA-WE) connects women economists worldwide and helps showcase their important empirical research, especially in developing countries. IMF Podcasts has partnered with the IEA-WE to produce a special series featuring the economists behind the invaluable local research that informs policymakers in places often overlooked. This episode of Driving Change features Kenyan economist Rose Ngugi, whose indices are helping local counties design policies that work. Other episodes in the series include Colombian economics Professor Marcela Eslava, who looks to fix Latin America’s dysfunctional social security network, and Turkish economist Ipek Ilkkaracan, who makes a strong business case for investing in social care infrastructure. Transcript : https://bit.ly/4eOBbAt Special thanks to IEA editor Navika Mehta for this collaboration.…

1 Driving Change: Ipek Ilkkaracan on Why Investing in Care Pays Off 23:38
23:38
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Driving Change: Women-Led Development Economics from the Ground Up The International Economic Association’s Women in Leadership in Economics Initiative (IEA-WE) connects women economists worldwide and helps showcase their important empirical research, especially in developing countries. IMF Podcasts has partnered with the IEA-WE to produce a special series featuring the economists behind the invaluable local research that informs policymakers in places often overlooked. Driving Change kicks off this limited-run series from Turkey, with economist Ipek Ilkkaracan, who makes a strong business case for investing in social care infrastructure. Other episodes include Kenyan economist Rose Ngugi, whose indices help local counties design policies that work, and Colombian economics Professor Marcela Eslava, whose research looks to fix Latin America’s dysfunctional social security network. Transcript : https://bit.ly/3CQFQVq Special thanks to IEA editor Navika Mehta for this collaboration.…

1 Reforms amid Great Expectations: Sub-Saharan Africa’s Outlook 21:45
21:45
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With sub-Saharan Africa soon to have one of the largest working-age populations in the world, removing barriers to business growth and encouraging higher productivity industries will help provide the employment opportunities it needs. But reforms don’t come easy. Wenjie Chen and Andrew Tiffin are economists in the IMF’s Africa Department and produce the Regional Economic Outlook for sub-Saharan Africa. In this podcast, they say addressing development needs while realizing reforms that create sufficient jobs will help garner public support and improve regional prospects. Transcript : bit.ly/4fqMdwQ Read the full report at IMF.org…

1 Global Financial Stability: Financial Markets Navigate Uncertainty 18:57
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As inflation and interest rates continue to decline and the likelihood of a recession slowly fades, financial markets have seen big equity gains. But the latest Global Financial Stability Report (GFSR) warns of several factors that could upend the recovery, including the apparent disconnect between market buoyancy and heightened uncertainty, especially related to geopolitical risks. Jason Wu and Nassira Abbas lead the IMF’s work on financial stability. In this podcast, they say while the near-term risks appear contained, medium-term prospects remain a concern. Transcript : https://bit.ly/48cGMyV Read the full report at IMF.org/GFSR…

1 The Case for a Global Corporate Minimum Tax: Cory Hillier, Shafik Hebous 22:20
22:20
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While 21st-century globalization and international trade dramatically changed how multinational corporations operate, the way they are taxed is largely based on early 20th-century thinking. Recent efforts by the OECD and the UN to modernize the international corporate tax system include a minimum corporate tax to make it more equitable. The IMF has also joined the effort by providing its expertise on global tax policy. Senior counsel Cory Hillier and senior economist Shafik Hebous are coauthors of recent research that seeks to strengthen the impact of a corporate minimum tax. Transcript : https://bit.ly/47YwFhb…

1 Yuval Noah Harari on Human Evolution and the AI Revolution 31:52
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Stories can unify or divide but our ability to imagine them is uniquely human. Cooperation and trust, built through shared stories and narratives, are the foundation of human societies and economies. So what happens when humans no longer hold the pen? Yuval Noah Harari is a historian, philosopher, and author of several books on human evolution, including Sapiens, and Nexus: A Brief History of Information Networks from the Stone Age to AI. In this podcast, Harari says artificial intelligence is a risk to humankind's most valuable resource, trust. Transcript : https://bit.ly/4dvy3Jb Find his books at ynHarari.com…
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