IMF Podcasts

More than half of the world’s population lives in cities, and it’s expected that almost 70 percent will live in urban areas by 2050. People are attracted to cities for the economic and social opportunities they offer. But if the COVID pandemic taught us anything, it’s that population density presents significant health risks. David Cutler is a Professor of Economics at Harvard University’s Kennedy School of Government and the Chan School of Public Health. Cutler and his Harvard colleague Edward Glaeser write about Cities After the Pandemic in the December issue of Finance and Development. In this podcast, David Cutler discusses the article with journalist Rhoda Metcalfe. He says cities now need to put more emphasis on public health to keep economies healthy.   Transcript: https://bit.ly/3UHR6X6 Read at IMF.org/FandD

After decades of being shrouded in suspicion and controversy, nuclear energy is emerging as a viable clean alternative to oil and gas. The war in Ukraine has turned post-pandemic energy shortages into a full-blown energy crisis and nuclear power plants across Europe that were destined to close will continue to operate. Ted Nordhaus is the Executive Director of the Breakthrough Institute, which looks for technological solutions to environmental problems. Nordhaus and coauthor Juzel Lloyd published an article titled The Nuclear Resurgence, in the December edition of Finance and Development. In this podcast. Nordhaus discusses the benefits of nuclear energy with Journalist Rhoda Metcalfe.  Transcript: https://bit.ly/3Uq4yim Read The Nuclear Resurgence at IMF.org/FandD  

Events of the last three years have made life difficult on many levels for millions of people around the world. And while expecting more support from social and financial institutions during hard times is nothing new, the recent rise in prices has left people angry and questioning the efficacy of the social contract between the government and its citizenry. Justin Wolfers is a Professor of Economics and Social Policy at the University of Michigan. In this podcast, he says there has never been a better time to reinvent- for the first time in decades perhaps centuries, the institutions that foster social cohesion. Transcript: http://bit.ly/3XKUNy7

Economic progress improves lives, but it can also clash with some of the bigger development problems we face, like gender equality and the environment. Seema Jayachandran believes striking that balance is key to making economic development work for everyone. Jayachandran’s research has helped change gender attitudes in India’s schools, and conserve climate-critical forests in Uganda. Seema Jayachandran is a Professor of Economics and Public Affairs at Princeton University and serves on the board of directors of the Abdul Latif Jameel Poverty Action Lab. In this podcast, Jayachandran talks about her work with journalist Rhoda Metcalfe as part of a special IMF series on extraordinary Women in Economics. Transcript: http://bit.ly/3tW9Wz4

Inflation is high virtually everywhere, but what’s pushing prices to record levels in Europe is not necessarily what’s fueling inflation in the United States. The European Central Bank and the Federal Reserve share a common problem and similar financial tools to fight it, but Europe’s supply-dominated inflation and America’s mostly demand-dominated inflation require slightly different approaches. Philip Lane is Chief Economist for the European Central Bank. In this podcast, he says finding the “sweet spot” between fiscal and monetary policies will allow for continued support to vulnerable Europeans hard hit by high energy prices and double-digit inflation, while not further straining public finances. Transcript: http://bit.ly/3X55sU2 Philip Lane participated in the IMF’s Jacques Polak Annual Research Conference. Watch the Webcast at IMF.org

Economic outlooks don’t come easy in the current environment but the latest Regional Economic Outlook for sub-Saharan Africa proved to be particularly challenging. Its title Living on the Edge tells part of the story but in this podcast, economist Wenjie Chen walks us through the research behind the new report. Chen is a deputy head in the Regional Studies Division and part of the team of macroeconomists who dissect regional trends to come up with key priorities for policymakers. Transcript: https://bit.ly/3U6lUBy Read the report at IMF.org

Cryptocurrencies have grabbed news headlines with their dramatic highs and lows, and their proponents argue they could revolutionize the financial system, making it faster and fairer. But is the cryptocurrency craze dragging us all into dangerous waters? Hilary Allen is a professor of law at American University and studies the impact of new financial technologies on financial stability. Allen is also the author of The Superficial Allure of Crypto published in the September edition of Finance and Development. In this podcast, Allen sits down with journalist Rhoda Metcalfe to discuss the risks associated with cryptocurrencies and why she thinks that they simply cannot deliver their claimed benefits. Transcript: https://bit.ly/3eJTuOh Read The Superficial Allure of Crypto at IMF.org/FandD

Amid growing calls to deglobalize the economy, Raghuram Rajan says not so fast. Rajan, a former Governor of the Bank of India and former IMF Chief Economist, delivered this year's Per Jacobsson Lecture, in which he argues that continued globalization is our best chance to tackle climate change. Transcript: https://bit.ly/3EVhCIC Watch the webcast of the Per Jacobsson Lecture at IMF.org

Rising risks to the inflation outlook and rapidly changing views about the likely pace of monetary policy tightening have been dominant themes affecting financial stability. The latest Global Financial Stability Report (GFSR) says the Russian invasion of Ukraine has also exerted a material drag on the global recovery from the pandemic and increased financial vulnerabilities. Fabio Natalucci heads the GFSR and Global Financial Markets Monitoring. In this podcast, he says with inflation now at a multi-decade high and tightening financial conditions, it will take time for investors and policymakers to adjust to the new world. Transcript: https://bit.ly/3Ml5h21 Read the full report at IMF.org/GFSR Read the blog at blogs.imf.org

With shock upon shock hitting the world economy in the last three years, IMF Managing Director Kristalina Georgieva's customary opening speech to the Annual Meetings warned of a darker global outlook and emphasized the need for the world to come together to deal with the consequences. The speech was delivered to an audience of students at Georgetown University's School of Foreign Service and presided over by Dean Joel S. Hellman and Georgetown University President John J. DeGioia. Transcript: https://bit.ly/3MgciB9