VoxTalks Economics
561 episodes - English - Latest episode: 6 days ago - ★★★★★ - 6 ratingsLearn about groundbreaking new research, commentary and policy ideas from the world's leading economists. Presented by Tim Phillips.
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Episodes
S7 Ep19: Which jobs will AI replace?
April 19, 2024 10:00 - 24 minutes - 22.2 MBRecorded 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.
S7 Ep18: Monetary policy, mortgages, and the housing market
April 08, 2024 08:00 - 23 minutes - 21.2 MBThis 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 whe...
S7 Ep17: The long shadow of the Spanish Civil War
April 05, 2024 10:00 - 18 minutes - 16.7 MBThe 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
S7 Ep16: Monetary policy responses to inflation
March 28, 2024 11:00 - 24 minutes - 22.1 MBWhat 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
S7 Ep15: Mispriced risk and the end of ESG
March 22, 2024 11:00 - 39 minutes - 36 MBAre 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.
S7 Ep14: Disasters and bank financing
March 20, 2024 11:00 - 22 minutes - 20.4 MBWhether 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.
S7 Ep13: Pandemic, war and debt
March 15, 2024 11:00 - 23 minutes - 21.7 MBCovid-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.
S7 Ep12: Women are from Mars too
March 08, 2024 11:00 - 17 minutes - 16.2 MBAre 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,...
S7 Ep11: Weder di Mauro: What went wrong at Credit Suisse
March 01, 2024 11:00 - 22 minutes - 21 MBIt 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.
S7 Ep10: The euro at 25
February 23, 2024 11:00 - 29 minutes - 27.1 MBOn 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.
S7 Ep9: Can parents teach patience?
February 16, 2024 11:00 - 15 minutes - 14.6 MBYou 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.
S7 Ep7: Climate finance instruments
February 13, 2024 11:00 - 36 minutes - 33.3 MBFrédéric 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.
S7 Ep8: Main Street’s pain, Wall Street’s gain
February 09, 2024 11:00 - 16 minutes - 15.1 MBDuring 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.
S7 Ep6: The impact of mandatory profit sharing
February 02, 2024 11:00 - 15 minutes - 14.1 MBRecorded 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.
S7 Ep5: Microdata in Europe
January 26, 2024 11:00 - 19 minutes - 17.7 MBRecorded 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.
S7 Ep4: The seeds of knowledge
January 19, 2024 11:00 - 20 minutes - 19.2 MBRecorded 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.
S7 Ep3: Young economists: Paris 2023
January 12, 2024 11:00 - 26 minutes - 25.1 MBRecorded 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.
S7 Ep2: Solving the wickedest problem
January 10, 2024 11:00 - 33 minutes - 31.2 MBIn 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.
S7 Ep1: The global transmission of Fed rate hikes
January 05, 2024 11:00 - 15 minutes - 14.2 MBRecorded 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.
S6 Ep57: The impact of refugees on community health
December 22, 2023 11:00 - 20 minutes - 19.2 MBAfrica’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
S6 Ep56: A new programme area: Climate change and the environment
December 19, 2023 11:00 - 11 minutes - 11 MBCOP28 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...
S6 Ep55: Navigating city transport policy
December 15, 2023 11:00 - 19 minutes - 18.5 MBWhen 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.
S6 Ep54: The art of gerrymandering
December 08, 2023 11:00 - 19 minutes - 18 MBIn the US, redistricting is done by the party in power. If you wanted to maximise the advantage to your side, how would you do it? And is that happening in practice? Allison Stashko talks to Tim Phillips about whether gerrymandering in the US is crossing the line.
S6 Ep53: What is the purpose of a company?
December 05, 2023 12:30 - 34 minutes - 32.2 MBIn 1970 Milton Friedman told us that “The Social Responsibility of Business Is to Increase Its profits.” Faced with climate change, is that still the right objective for a company, and what could replace it? Dirk Schoenmaker, one of the authors of “Corporate Finance for Long-Term Value” talks to Alissa Kleinnijenhuis and Tim Phillips.
S6 Ep52: Making banking safe
December 01, 2023 11:00 - 16 minutes - 15.8 MBOur financial system is supposed to be more resilient than before the global financial crisis, but that didn’t save Silicon Valley Bank, Signature Bank or First Republic. So what went wrong, and can we fix it? Steve Cecchetti and Kim Schoenholtz suggest to Tim Phillips how regulators can make banking safer.
S6 Ep51: Later-life mortality and the repeal of prohibition
November 24, 2023 11:00 - 29 minutes - 27.2 MBIn the 1930s we didn’t know that drinking alcohol during pregnancy could affect the health of a baby. David Jacks of the National University of Singapore has used the repeal of Prohibition to investigate the impact on the long-term health of adults who were in utero when some mothers could drink alcohol, and some could not.
S6 Ep50: Violence against women in politics
November 17, 2023 11:00 - 18 minutes - 17.8 MBIn today’s polarised atmosphere, violent attacks on politicians are not unusual, and women are more likely to be the victims. Are they victimised because they choose different policies, or just because of their gender? Gianmarco Daniele has investigated violence against women in Italian politics, and he talks to Tim Phillips about his disturbing findings.
S6 Ep49: Is there a market for biodiversity?
November 14, 2023 11:00 - 31 minutes - 28.9 MBClimate change will have an impact on the natural environment, and the natural environment will affect the rate of climate change. Is biodiversity risk reflected in asset prices? Is it possible to use private capital to finance biodiversity conservation and restoration, and what can that achieve? Alissa Kleinnijenhuis and Tim Phillips talk to Johannes Stroebel and Caroline Flammer.
S6 Ep48: AI’s impact on jobs
November 10, 2023 11:00 - 23 minutes - 21.2 MBBy automating non-routine tasks, AI may have a profound effect on the jobs we do, and even whether those jobs exist. How much should we fear, and how much should we welcome this change? In the second of our podcasts from the Chicago Booth School Economic Experts Conference 2023, Tim Phillips speaks to John Van Reenen about how AI will affect our working lives.
S6 Ep47: Will deglobalisation lead to a new Cold War?
November 03, 2023 11:00 - 17 minutes - 16.3 MBWhen the Soviet Union collapsed, the narrative was that we were at “the end of history”. Now we have changed our minds: globalization is in retreat, and we're entering a new Cold War. Is this new narrative true? At the Chicago Booth School Economic Experts Conference 2023, Tim Phillips speaks to Beata Javorcik and Sergei Guriev about shifting geopolitics and the global economy.
S6 Ep46: Whither climate finance?
October 31, 2023 11:00 - 29 minutes - 27.5 MBNew series: climate finance is an essential part of the fight against climate change. Join co-hosts Alissa Kleinnijenhuis and Tim Phillips for the important debates in climate finance, with the researchers and policymakers who are making a difference. In our introductory episode: What problems can climate finance solve, and how do we solve them? With guests Patrick Bolton, Viral Acharya, and Stefano Giglio.
S6 Ep45: Does anger drive populism?
October 27, 2023 10:00 - 20 minutes - 18.8 MBOn social media and in interviews, voters and their representatives sometimes seem full of rage. Is the current rise in populism driven by this anger, or is that conclusion too simplistic? Klaus Desmet tells Tim Phillips about what research into America’s angriest places tells us.
S6 Ep44: How the US solved its Korean EV trade crisis
October 20, 2023 10:00 - 24 minutes - 23 MBThe Inflation Reduction Act of 2022 provided $350 billion in tax credits and other incentives for clean energy technologies in the US. So how did American policymakers respond when South Korean government officials declared it was a “betrayal”? Chad Bown of the Peterson Institute tells Tim Phillips the strange-but-true tale of how the problem was fixed, and what it tells us about protectionist trade policy in a global crisis.
S6 Ep43: War and science in Ukraine
October 13, 2023 10:00 - 15 minutes - 14.8 MBScientists are affected by war, like anyone else. Their work is disrupted, they are placed in danger, they may become refugees or casualties. What has been the impact of the Russian invasion of Ukraine on its scientists? Ina Ganguli talks to Tim Phillips.
S6 Ep42: The slowdown in potential growth
October 06, 2023 10:00 - 21 minutes - 20.2 MBEstimates of potential growth – the best an economy can do – drive development and poverty reduction. Lower potential is a problem that constrains policymakers and so affects all of us. New research analyses the long downward trend in potential growth, makes projections for the next decade, and suggest ways we can boost it. Sinem Kilic Celik talks to Tim Phillips.
S6 Ep41: Identity politics and polarisation
September 29, 2023 10:00 - 26 minutes - 24.9 MBWhat part does group identity play in who we choose to vote for? In every democracy it seems as if our leaders are using identity politics to gain new voters or define a distinct political agenda, but what does that mean for economic policies and polarisation? Guido Tabellini tells Tim Phillips about his research into the influence of identity on political alignment in the US.
S6 Ep40: Price and prejudice: Asylum seekers and housing rents
September 22, 2023 10:00 - 21 minutes - 19.9 MBOpposition to asylum seekers has become a political and social media hot button issue in every high-income country. But does their presence also depress rental values for neighbouring properties? Marius Brülhart tells Tim Phillips about new research from Switzerland that uncovers the effect of immigration on rents.
S6 Ep39: How railways brought inventors together
September 15, 2023 10:00 - 16 minutes - 15.7 MBWhen suddenly it became quicker and cheaper to travel by train, did this help inventors to work together, and did it mean more and better innovation? Thor Berger and Erik Prawitz – who work 1 hour 50 minutes apart by train, investigated the impact of Sweden’s rail network.
S6 Ep38: Has broadband internet democratised finance?
September 08, 2023 10:00 - 17 minutes - 15.6 MBOnline share trading makes it possible for all of us to diversify our investments, but social media might encourage us to pile into bad investments. Hans Hvide has researched the impact of the arrival of broadband on the investment habits of Norway’s population, and he has some good news for Tim Phillips.
S6 Ep37: Should history change the way we think about populism?
September 01, 2023 10:00 - 28 minutes - 25.8 MBThe way that social scientists define populism might lead them to simplistic conclusions that aren’t supported by the historical record. Kevin O’Rourke tells Tim Phillips about the weak links between populism and nativism, and how economists have sometimes been on the wrong side of important policy debates with the people they call populists.
S6 Ep36: Democracy and political participation in India
August 25, 2023 10:00 - 26 minutes - 24.6 MBWhen India’s post-colonial constitution gave everyone the right to vote, who used that right? And what effects did this reform have on other aspects of democracy? Lakshmi Iyer tells Tim Phillips about the historical link between enfranchisement and democracy in India.
S6 Ep35: Does regional identity guide investment?
August 18, 2023 10:00 - 21 minutes - 20.1 MBInvestors do more business than we would expect close to home. Can Germany’s car licence plates explain what drives local bias in investment? Thilo Huning and Fabian Wahl take Tim Phillips on an unlikely journey.
S6 Ep34: Health and income risks in old age
August 11, 2023 10:00 - 17 minutes - 15.7 MBWe are living longer, and so studying the consequences of changes to our income and health after we stop working is becoming more important. Jeanne Commault tells Tim Phillips how income and health shocks affect seniors, and whether the impact of these changes is the same as for working-age people.
S6 Ep33: Improving mental health as a route out of poverty
August 04, 2023 10:00 - 26 minutes - 24 MBFrom the PSE-CEPR Policy Forum at the Paris School of Economics. One route out of poverty is to change external conditions: provide assets, jobs, healthcare. But can we also treat depression, or low self-esteem, or low aspirations, and does that help poverty reduction? Dean Karlan of Northwestern University tells Tim Phillips what new research is telling us – and what we don’t yet know.
S6 Ep32: Adam: How inflation distorts relative prices
August 02, 2023 10:00 - 16 minutes - 14.8 MBRecorded live at the PSE-CEPR Policy Forum at the Paris School of Economics. We all learn that high inflation creates price distortions. But it has been impossible to observe that effect directly -- until now. Klaus Adam of the University of Mannheim has used price data to identify those elusive distortions, and he tells Tim Phillips how he did it.
S6 Ep31: Political inequality
July 28, 2023 10:00 - 15 minutes - 14.6 MBRecorded live at the PSE-CEPR Policy Forum at the Paris School of Economics. Does economic inequality create political inequality? Julia Cagé tells Tim Phillips about the strategies that rich people can use to influence the political debate, how democracy is undermined when the wealthy have access to power – and how we can change the system to restore the confidence of voters.
S6 Ep30: Closing the Gender gap in healthcare
July 26, 2023 10:00 - 15 minutes - 13.8 MBRecorded live at the PSE-CEPR Policy Forum at the Paris School of Economics. India is still one of the five worst countries in the world for the health and survival of women. The recent introduction of massive health insurance programmes should help close this deadly gender gap. But is that happening? Pascaline Dupas of Stanford talks to Tim Phillips.
S6 Ep29: The next generation of research
July 21, 2023 10:00 - 26 minutes - 24.2 MBFrom the PSE-CEPR Policy Forum at the Paris School of Economics, Tim Phillips meets three of the young researchers who were chosen to present to the conference. Duncan Webb and Thiago Scarelli of PSE, and Carmen Villa-Llera of the University of Warwick talk about their research – and what their hopes are for the future of economics.
S6 Ep28: Aghion: Is green growth possible?
July 19, 2023 10:00 - 17 minutes - 16.5 MBIs innovation our best hope for dealing with climate change and, if so, how can we stimulate the sort of innovation that we need to make the green energy transition? Philippe Aghion tells Tim Phillips that we need both carbon tax and industrial policy and, like a visit to the dentist, the pain gets worse the longer we wait.
S6 Ep27: Johnson and Bozio: Can research influence policy?
July 14, 2023 10:00 - 25 minutes - 23.6 MBFrom the PSE-CEPR Policy Forum at the Paris School of Economics. The IFS in the UK and the IPP in France combine rigorous research with a commitment to communicate the results to media and public. How do they make sure their message cuts through the noise, and how do they safeguard their reputations for independence and authority? Paul Johnson and Antoine Bozio talk to Tim Phillips.