IMF Podcasts

The longtime critics of globalization are having another moment, claiming supply chain shortages, high inflation, and increasing migration are products of an overly globalized world. But history suggests more globalization- not less, can help counter those disruptions in the global economy. Harold James is a professor of history and international relations at Princeton University and an IMF historian. In this podcast, James says globalization offers an antidote to inflationary pressures. Transcript: https://bit.ly/3m5mB1J Look for In Defense of Globalization in the March issue of Finance and Development: IMF.org/fandd

Alan S. Blinder, former Fed vice chair and one of the world's most influential economists has had a front-row seat to the changes in central banking over the past several decades. Blinder is also a former member of the President's Council of Economic Advisors, and in his latest book, A Monetary and Fiscal History of the United States, 1961-2021, he recounts the conflicts and collaborations in fiscal and monetary policy that have shaped the United States economy. Blinder was invited to the IMF Research Department to discuss his book. Transcript: https://bit.ly/3xtYUTq

China's severe covid lockdowns since the start of the pandemic undoubtedly contributed to an economic downturn last year not seen in decades. And while China has lifted the containment measures and is reopening, the factors behind that slowdown, like its ailing property sector, low productivity growth, and the lingering COVID threat, could weigh on its economic performance this year if left unaddressed. In this podcast, IMF economists Sonali Jain-Chandra and Thomas Helbling walk us through China's latest economic review, a deep analysis of China's economy that includes outlooks, risk assessments, and policy recommendations. Transcript: https://bit.ly/3HpduA8 Read the full report at IMF.org

The IMF's Resilience and Sustainability Trust (RST) helps low-income and vulnerable middle-income countries build resilience to external shocks and ensure sustainable growth, contributing to their longer-term balance of payments stability. It complements the IMF's existing lending toolkit by providing longer-term, affordable financing to address longer-term challenges, including climate change and pandemic preparedness. In this podcast, IMF Managing Director Kristalina Georgieva discusses the RST with Prime Minister Mia Motley of Barbados, Rwanda's President Paul Kagame, WTO Director-General Ngozi Okonjo-Iweala, and Makhtar Diop, Managing Director of the International Finance Corporation. The discussion is moderated by Rajiv Shah, President of the Rockefeller Foundation. Watch the webcast at IMF.org

Most countries have infrastructure and governance structures that allow the private sector to take advantage of new technologies to innovate and improve payment and financial services. But at the international level, it's a different story. Cross-border payments are as slow, expensive, and risky as ever. IMF Financial Counsellor, Tobias Adrian, and coauthors published some new research on creating a Multi-Currency Exchange and Contracting Platform that would effectively transform the cross-border payment system. In this podcast, Adrian says payments are the foundation for the entire monetary and financial system, and new technologies can help get global payments right. Transcript: https://bit.ly/3D1RKJ7 Read the research at IMF.org

Innovation is often associated with developments in information and communication technologies, but for economists, innovation is also about developing new business models and new ways for governments to deliver public services like health and education. Michael Kremer is a professor of economics at the University of Chicago and the founder of the Development Innovation Lab. His work on poverty reduction with colleagues Esther Duflo and Abhijit Banerjee won them the Nobel Prize in economics in 2019. In the early 2000s, Kremer helped develop the design of Advance Market Commitment models used to incentivize the private sector to work on issues of relevance for the developing world. Michael Kremer was invited to deliver the IMF Richard Goode Lecture, an annual event to discuss policy issues and debates. In his talk, Kremer says commercial incentives for innovation are not always aligned with social needs, which results in underinvestment in some types of innovation and creates a role for public investment. Transcript: https://bit.ly/3ka1daT

We often think about the economy as being driven by how productive we are on the job, but the pandemic made it clear that our personal lives and our work lives are in fact deeply linked. Betsey Stevenson is a labor economist who studies how families are shaped by their economic situations and the decisions that policymakers make. Stevenson is a professor at the University of Michigan and a former economic advisor to the Obama administration. Journalist Rhoda Metcalfe spoke with Betsey Stevenson about her research into the powerful connections between our work and home life for the IMF series on extraordinary Women in Economics. Transcript: https://bit.ly/3X7ihML

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