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The Sound of Economics

Sound Money Economics System was a fringe political party in Manitoba, Canada, during the provincial election of 1941.

Articles by The Sound of Economics

China’s financial system: opening up and system risk

15 days ago

China is opening up its financial sector- What does that mean for China and the world?
China’s financial sector has grown massively in size and has become systemically important. In addition, it has also become much more complex with increasing systemic risk. The cyclical -beyond the structural – deceleration that the Chinese economy is undergoing is one of the key risks that the Chinese financial system is facing. At the same time, China has decided to open up its financial sector to foreign competition. What can foreign banks expect to find? Should they grab this opportunity? Giuseppe Pocarro is joined by independent economist Gary Liu and Bruegel Senior Fellow, Alicia García-Herrero.

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Singapore’s experience in dealing with COVID-19

18 days ago

A conversation with Dr. Vivian Balakrishnan, Minister for Foreign Affairs of Singapore, on how this city-state has tackled the coronavirus.

Faced with the COVID-19 outbreak, governments have needed to act swiftly to combat the virus. Many countries currently have lockdown or measures alike in place. Yet, different countries approach the crisis in a noticeably different way.
Dr. Vivian Balakrishnan, Minister for Foreign Affairs of the Republic of Singapore, join this live podcast recording and explain Singapore’s approach and the various measures taken in dealing with the COVID-19 pandemic.

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Mapping out the post COVID-19 recovery

22 days ago

COVID-19 has triggered a severe recession and policymakers in European Union countries are providing generous, largely indiscriminate, support to companies. As the recession gets deeper, a more comprehensive strategy is needed. This should be based on four principles: viability of supported entities, fairness, achieving societal goals, and giving society a share in future profits. The effort should be structured around equity and recovery funds with borrowing at EU level.
By:
The Sound of Economics
Date: May 15, 2020
Topic: European Macroeconomics & Governance

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China’s economy after COVID-19

May 6, 2020

The first country to be hit by the current pandemic, China has been at the forefront of the fight against COVID-19. What have been its impacts on the Chinese economy? What does it represent, more broadly, to the global economy? Are global supply chains really starting to be put into question? Today, Giuseppe Porcaro is joined by Alicia García-Herrero and Yiping Huang, Professor of Economics and Finance at the Peking University.

By:
The Sound of Economics
Date: May 6, 2020
Topic: Global Economics & Governance

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An analysis of the German Constitutional Court’s ruling on the ECB QE programme

May 5, 2020

The German Constitutional called today on the ECB to justify its bond-buying program. What does today’s ruling of the German Constitutional Court mean for the ECB’s QE program? Could such a decision open a precedent when it comes to contesting EU law? Today, Giuseppe Porcaro and Guntram Wolff are joined by Franz Mayer, chair of Public Law at the University of Belefield, to analyse the German Constitutional Court’s ruling.

By:
The Sound of Economics
Date: May 5, 2020
Topic: European Macroeconomics & Governance

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The impact of Covid-19 on emerging markets with Barry Eichengreen

April 29, 2020

Without a robust healthcare system and lack of medical equipment, emerging market economies are vulnerable to the current COVID-19 pandemic. How can developed countries help tackle the issue? Is international cooperation more needed than ever? This week, Giuseppe Porcaro and Guntram Wolff are joined by Barry Eichengreen to discuss the impact of COVID-19 on emerging markets.

Republishing and referencing
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Post-Council commentary

April 24, 2020

On April 23, EU leaders met virtually to try to come to an agreement for a common European response to the COVID-19 pandemic. What were the measures taken? Will they be sufficient? Did Europe come together for a coordinated response to the crisis? Or did the meeting further highlight the cracks between member states? This week, Guntram Wolff and Giuseppe Porcaro are joined by Maria Demertzis and André Sapir to comment on the EU Council meeting.

By:
The Sound of Economics
Date: April 24, 2020
Topic: European Macroeconomics & Governance

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Exiting the great lockdown?

April 17, 2020

Are we going to exit from the containment measures for the COVID-19 pandemic in the European Union? When? How?
By:
The Sound of Economics
Date: April 17, 2020
Topic: European Macroeconomics & Governance

In this episode of The Sound of Economics Live, we discuss European coordination, national responses, and local effects in moving on the next phase of containment of the COVID-19 pandemic
Maria Demertzis, Deputy DirectorThomas Hale, Associate Professor in Global Public Policy, Blavatnik School of Government; Fellow of St Antony’s College, University of OxfordJean Pisani-Ferry, Senior FellowGiuseppe Porcaro, Head of Outreach and Governance

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Did the Eurogroup save the day?

April 10, 2020

After its longest meeting ever, the Eurogroup reached an agreement yesterday evening. What does the agreement say? What does it mean in terms of the emergency reaction to the economic fallout of the COVID-19 pandemic? What does it mean, more broadly, for the future of Europe? This week, Giuseppe Porcaro is joined by Maria Demertzis, André Sapir and Guntram Wolff to discuss whether the Eurogroup can save the day.
By:
The Sound of Economics
Date: April 10, 2020
Topic: European Macroeconomics & Governance

The podcast started by the participants giving their view on the deal that was closed last night by the Eurogroup. Guntram Wolff noted that is was good to have a deal, even if it is small in his view. André Sapir also expressed reserved satisfaction for the deal. He was however

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Mythbusters: debunking economic myths

April 3, 2020

Economics seems to be full of myths that are hard to debunk. Will robots take our jobs? Are trade deficits bad? Is China such a big economy simply because of the size of its population? This week, Nicholas Barrett, Maria Demertzis, Marta Domínguez-Jímenez and Niclas Poitiers put on the detective cap and become Bruegel’s own economic mythbusters.

Disclaimer: this podcast was recorded on the 3rd of March 2020, before the COVID-19 lockdown was put in place in the majority of Europe and the US. Hence, some parts of it are no longer applicable.

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The macroeconomic policy response to the COVID-19 crisis

March 31, 2020

From the European Stability Mechanism (ESM) to "coronabonds", the EU seems to be struggling to find an appropriate mechanism to tackle the economic crisis created by the COVID-19 pandemic. What is really the best option? And how do we ensure that, once the pandemic is over, we return to sustainable debt levels and competitive economies? This week, Giuseppe Porcaro is joined by Lucrezia Reichlin, professor of Economics at the London Business School, Grégory Claeys and Guntram Wolff to discuss the macroeconomic policy response to the COVID-19 crisis.

By:
The Sound of Economics
Date: March 31, 2020
Topic: European Macroeconomics & Governance

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Banks and loan losses in the pandemic turmoil

March 25, 2020

The current pandemic is shaking the financial system. How can banks react ? Is a consolidation of the financial system in Europe needed in order to respond to this crisis ? Will our economies suffer from this pandemic as much as they did in 2008 ? This week, Giuseppe Porcaro is joined live by Guntram Wolff and Nicolas Véron to discuss banks and loan losses in the pandemic turmoil.

By:
The Sound of Economics
Date: March 25, 2020
Topic: Finance & Financial Regulation

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How can the EU prevent our economies from shutting down?

March 18, 2020

From flights cancelled and restaurants closed to companies either slowing or stopping their production, COVID-19 is shutting our economies down. How can the EU reboot them? What should be our fiscal and monetary response to the pandemic? Will our economic system ever be the same once everything is over? This week, Guntram Wolff is joined by Jean Pisani-Ferry and Maria Demertzis to discuss the EU’s response to the coronavirus.

By:
The Sound of Economics
Date: March 18, 2020
Topic: European Macroeconomics & Governance

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Where are the women in economics?

March 9, 2020

The field of economics, like many others, seems to be biased towards men. How are women disadvantaged? Makfire Alija and Katja Knezevic join Nicholas Barrett and Niclas Poitiers to discuss the systematic hurdles. By: The Sound of Economics Date: March 9, 2020 Topic: Global Economics & Governance

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The European Green Deal rules

March 9, 2020

When it comes to global carbon emission is a tax the best form of defence? To make the European Green Deal work, the EU is considering a levy on carbon-intensive goods manufactured beyond its borders. But will a carbon border tax spawn a massive bureaucracy and lead to accusations of protectionism? To find out, Nicholas Barrett talked to Georg Zachmann and Ben McWilliams from Bruegel and Gabriel Felbermayr, President of the Kiel Institute for the World Economy. By: The Sound of Economics Date: March 9, 2020 Topic: Global Economics & Governance

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Coronavirus: the economic prognosis

March 9, 2020

The coronavirus is going to hit the global economy hard, but how hard? What can policymakers plan for the months ahead? Nicholas Barrett asks Guntram Wolff and Maria Demertzis about economic symptoms and treatments. By: The Sound of Economics Date: March 9, 2020 Topic: Global Economics & Governance

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Is the EU a superpower?

March 3, 2020

As China and the US battle for global supremacy, the EU seems to remain in the shadows. But what if the EU had been shaping the world economy all along without anybody noticing? Could its soft power be strong enough to shape regulations all over the world? What impact does such influence have over its own economy? This week, Giuseppe Porcaro and Guntram Wolff are joined live by Ashoka Mody, Professor in International Economic Policy at the Princeton University, and Anu Bradford, author of the book "The Brussels Effect: How the European Union rules the world". By: The Sound of Economics Date: March 3, 2020 Topic: European Macroeconomics & Governance

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Can the European Green Deal kill the single market?

February 25, 2020

The European Green Deal is one of the landmarks of Ursula von der Leyen’s Commission. But, without an ambitious investment behind it, what could be its potential implications for the EU? Could it go as far as to threaten the EU’s single market? This week, Renew Europe’s vice-president, MEP Luis Garicano, joins Guntram Wolff and Maria Demertzis to discuss not only the European Green Deal but also the EU Budget and the Banking Union. Disclaimer: this episode was recorded on the 20th of February, before Bruegel hosted the event "The Ressurection of the European Banking Union". By: The Sound of Economics Date: February 25, 2020 Topic: Energy & Climate

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From Brussels with love? Russia’s economic dependence on the EU

February 19, 2020

Despite the political antagonism, the EU and Russia are not only geographically, but also economically, reliant on each other: European houses are heated using Russian natural gas and Russia is highly dependent on European investment. Therefore, should the EU develop closer political ties with Russia? How much leverage does the EU have when dealing with the Kremlin? This week, Nicholas Barrett is joined by Niclas Poitiers and Marta Domínguez-Jímenez to discuss European foreign direct investment in Russia. By: The Sound of Economics Date: February 19, 2020 Topic: Global Economics & Governance

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From Brussels with love? Russia’s economic dependence on the EU

February 19, 2020

Despite the political antagonism, the EU and Russia are not only geographically, but also economically, reliant on each other: European houses are heated using Russian natural gas and Russia is highly dependent on European investment. Therefore, should the EU develop closer political ties with Russia? How much leverage does the EU have when dealing with the Kremlin? This week, Nicholas Barrett is joined by Niclas Poitiers and Marta Domínguez-Jímenez to discuss European foreign direct investment in Russia. By: The Sound of Economics Date: February 19, 2020 Topic: Global Economics & Governance

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Can hybrid threats disrupt the financial system?

February 17, 2020

From cashless payments to digital banking, finance has become intangible and global. But, while speed and convenience have made our international transactions easier, have we become more vulnerable? How can the EU respond to the increased risk of hybrid threats? This week, Nicholas Barrett is joined by Jukka Savolainen, Director of Community of Interest “Vulnerabilities and Resilience” at the European Centre of Excellence for Countering Hybrid Threats, and Maria Demertzis, to discuss the risks that hybrid threats pose to the financial system. By: The Sound of Economics Date: February 17, 2020 Topic: Finance & Financial Regulation

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Can hybrid threats disrupt the financial system?

February 17, 2020

From cashless payments to digital banking, finance has become intangible and global. But, while speed and convenience have made our international transactions easier, have we become more vulnerable? How can the EU respond to the increased risk of hybrid threats? This week, Nicholas Barrett is joined by Jukka Savolainen, Director of Community of Interest “Vulnerabilities and Resilience” at the European Centre of Excellence for Countering Hybrid Threats, and Maria Demertzis, to discuss the risks that hybrid threats pose to the financial system. By: The Sound of Economics Date: February 17, 2020 Topic: Finance & Financial Regulation

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The EU’s plan to catch up on artificial intelligence

February 14, 2020

While the US and China have been setting the pace when it comes to Artificial Intelligence, the European Union seems to be lagging behind. What are the Commission’s plans to finally catch up? Will AI increase the gap between big and small companies? This week, Nicholas Barrett is joined by Julia Anderson and Guntram Wolff to discuss the EU’s plan for AI. By: The Sound of Economics Date: February 14, 2020 Topic: Innovation & Competition Policy

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Industrial revolutions might not be as fun as they look

February 5, 2020

AI promises a new industrial revolution but history warns us that industrial revolutions aren’t always that fun for people in the eye of the storm. This week, Nicholas Barrett and Maria Demertzis spoke with Dr. Carl Frey, author of the book "The technology trap: capital, labor, and power in the age of automation", and Robert D. Atkinson, President of Information Technology and Innovation Foundation (ITIF), about how artificial intelligence will affect the job market. By: The Sound of Economics Date: February 5, 2020 Topic: Innovation & Competition Policy

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The science of Brexit

January 29, 2020

On Saturday morning, the United Kingdom will wake up outside the European Union. After 37 years of collaboration, how will Brexit affect research and innovation in Europe and in the UK? What should be the next steps undertaken by both in order to maintain the same level of cooperation? This week, Nicholas Barrett is joined by Maria Demertzis, Guntram Wolff and Michael Leigh, Senior Adjunct Professor of European Studies at the Johns Hopkins University, to discuss a post-Brexit agreement for research and innovation. By: The Sound of Economics Date: January 29, 2020 Topic: European Macroeconomics & Governance

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AI in Europe: a conversation with Google’s CEO

January 20, 2020

It seems almost inevitable that Google will be big part of Europe’s future. And Europe will be a huge part of Google’s too. This week, Alphabet, Google’s parent company, hit $1 trillion market cap for the first time. Can Google’s AI be socially beneficial? Are big tech companies intrinsically bad? This week, Guntram Wolff talked to Google and Alphabet’s CEO, Sundar Pichai. By: The Sound of Economics Date: January 20, 2020 Topic: Innovation & Competition Policy

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Paying for the European Green Deal

January 16, 2020

The European Commission has presented its Just Transition Fund to help regions still dependent on fossil fuel as they move towards green energy. But where does the money come from and is it enough to make Europe carbon neutral by 2050? Should the EU re-write its fiscal rules to encourage sustainable investment? And should environmentalists be optimistic? Nicholas Barrett asked Simone Tagliapietra and Grégory Claeys. By: The Sound of Economics Date: January 16, 2020 Topic: Energy & Climate

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Banking after Brexit

January 16, 2020

The state of health in the EU and the digitalisation of health promotionAt this event the general state of health will be discussed as well as the digitalisation in the industry. Speakers: Stefania Boccia, Caroline Costongs, Katarzyna Czabanowska, Zsolt Darvas, Guillaume Dedet, Martin Dorazil, Josep Figueras, Joanna Kokot, Martin Seychell and Michael Strübin Topic: European Macroeconomics & Governance, Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels

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Will Iran disrupt the global economy?

January 6, 2020

Last Friday, Qassem Soleimani, head of the Iranian Revolutionary Guards’ QUDS force, was killed by an American airstrike outside Baghdad airport. The Ayatollah was not pleased and Tehran has promised to retaliate. At the time of recording, the world is still waiting to see how Iran might respond. Some of have speculated that they could disrupt the world’s oil markets by closing the Strait of Hormuz, which acts as a vital artery for around a third of the world’s liquefied natural gas and almost a quarter of the world’s oil. Today, oil prices surpassed $70 and if tension escalates the price is bound to grow. How dependent is the global economy on affordable Middle Eastern fossil fuel? This week, Nicholas Barrett is joined by Maria Demertzis and Niclas Poitiers to discuss how the US-Iran

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A decade to remember (or possibly to forget) for economists

December 20, 2019

2019 is coming to an end and so is the decade. How did economics change the world over the last ten years? And did the world change economics? Which economics books defined the last ten years? And what should we anticipate in the decade to come? Today, Nicholas Barrett discusses the past and the future with Niclas Poitiers and Maria Demertzis. By: The Sound of Economics Date: December 20, 2019 Topic: Global Economics & Governance

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