Populism has become a bit of a buzz word of late. It’s often at the very center of debates about politics and elections. But what about the economic implications of populism? That was the subject of a seminar at this year’s American Economic Association’s Annual Meeting. The panel was organized by the IMF’s Antonio Spilimbergo, and included economic heavyweights Dani Rodrik, Raghuram Rajan, and political scientist Cristóbal Rovira Kaltwasser. In this Podcast, Kaltwasser says populism is creeping into economic policy.
Cristóbal Rovira Kaltwasser is an Associate Professor in Political Science at Diego Portales University in Chile, and co-author of Populism: A Very Short Introduction.
The 2008 global financial crisis exposed the vulnerability of banks that do not hold enough capital. The Basel Committee on Banking Supervision has since revised capital requirements for banks. In this podcast, we ask IMF economist Lev Ratnovski, how much capital banks need to hold to avert another crisis.
Lev Ratnovski, Senior Economist in the IMF’s Research Department.
There is a strong connection between human capital and economic growth, and in this podcast, Eric Hanushek says societies that invest a lot in the cognitive skills of their people grow significantly faster. Hanushek studies the relationship between education policy and economic outcomes at Stanford University.
Eric Hanushek, Paul and Jean Hanna Senior Fellow at the Hoover Institution of Stanford University. http://hanushek.stanford.edu/
Many of the world’s bigger banks are reevaluating their relationships with banks in smaller riskier countries, making it harder for businesses and people to move money across borders. The process is commonly known as De-Risking. IMF Staff have recently published a research paper entitled The Withdrawal of Correspondent Banking Relationships. In this podcast, we speak with coauthor Yan Liu.
Yan Liu, Assistant General Counsel in the IMF’s legal Department.
While many economists would argue public investment projects in highly efficient countries have a greater impact on growth, recent research by some IMF economists shows that’s not necessarily the case. In this podcast we speak with the IMF’s Andy Berg, who suggests the impact on growth from public investment spending is similar in both high and low-efficiency countries.
Andy Berg, a Deputy Director in the IMF’s Institute for Capacity Development