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Learn about groundbreaking new research, commentary and policy ideas from the world's leading economists. Presented by Tim Phillips.
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S9 Ep61: Cooperatives in the 21st century
Go to work, follow orders all day, and your living standards will rise. That is the deal behind the capitalist economy. In his forthcoming book, Cooperatives in the twenty-first century, Francesco Caselli (LSE, CEPR) argues that the deal ha
S9 Ep60: The challenges to the international financial system
The 29th Geneva Report on the World Economy examines three pressures on the international financial system at once: global imbalances, the status of the dollar, and the stability of bond markets. Two of its authors, Valentina Bruno (America
S9 Ep59: Life after divorce
Who gets the kids? Courts aim to decide custody in the child's best interests, but nobody has had the data to test how well those decisions work. Gordon Dahl (UC San Diego, CEPR), Costas Meghir (Yale, CEPR) and seven co-authors built the da
S9 Ep58: Not wearing Prada
Since March 2022, it has been harder to buy an iPhone in Russia, because Apple chose to stop selling there. So did Prada, Renault, Starbucks, Nike and more than 1,000 other firms. These private sanctions added to the official sanctions impo
S9 Ep57: Merit, masters and China's imperial exam
For more than 1,300 years, China chose its top officials by written exam. Its top officials were chosen meritocratic ally -- or were they? When the results came out, each successful candidate went to pay his respects to the men who had mark
S9 Ep56: Decoupling from China after Trump's Trade Wars
In March 2025, Apple chartered cargo flights to deliver 600 tonnes of iPhones from India to the United States. A year earlier, four in five smartphones that imported to the US came from China. One of the aims of US trade policy has been to
S9 Ep55: Loosening inheritance law
In most of the world you do not get to choose who inherits your money. Across continental Europe, Latin America, and countries governed by Islamic law, a minimum share of your estate will be reserved for your children, your spouse, and in s
S9 Ep54: Does sacking the manager work?
Your football team keeps losing. The season is slipping away. One thing can be changed by Friday, and the crowd is already singing about it: sack the manager. Jan van Ours (Erasmus School of Economics, CEPR, Feyenoord fan) has looked at sev
S9 Ep53: Lessons from Populism in Latin America
The new episode of VoxTalks Economics traces the effects of South Americans populism, left and right. Alejandro Werner (Georgetown Americas Institute) is one of the authors of a new paper that traces populist governments across Latin Americ
S9 Ep52: The Dollar Anchor Is Slipping
April 2025: Liberation Day. President Trump announces sweeping new tariffs. And then, the dollar did something a safe haven currency is not supposed to do: it fell. Tarek Hassan (Boston University, CEPR), working with Thomas Mertens, Jingye
S9 Ep51: Fiscal Populism and Monetary Policy
There is a saying in Spanish: get burned by hot milk, and the sight of a cow makes you cry. New research implies that, decades after a populist government leaves office, the central bank it once tried to control is still flinching. Martín U
S9 Ep50: Tariffs, Uncertainty, and the Exchange Rate
Textbook economics says a tariff should strengthen a country's currency. Since the start of 2025, as US tariffs rose ... and the dollar fell. In the first of four episodes of Voxtalks based on papers presented at the second Economic Policy:
S9 Ep49: Combatting sexual harassment in the military
Norwegian conscripts arrive at boot camp straight out of school. They are assigned at random to a shared room and they live in it for the next eight weeks. Whatever the culture of that room turns out to be, they are stuck with it. We know t
S9 Ep48: What price to save Japan's ghost towns?
In the oldest Japanese municipalities, close to half the residents are already over 65. As young people move to cities, the retailers close, then the clinics, then the bus that used to reach the next town. Rural Japan is not simply ageing:
S9 Ep47: The Next Generation: PSE 2026
Travel broadens the mind. So the Voxtalks visits a conference, we find the most interesting research from economists just starting out, and hand three of them a microphone. Ad that is today's episode, recorded at the CEPR Paris School of Ec
S9 Ep46: Absorbing shocks since 1891
Recorded at the PSE-CEPR Policy Forum 2026. A country wants a stable exchange rate, it wants money to move freely across its borders, and it wants to set its own interest rates. It's a well-known trilemma. Central bankers must pick any two,
S9 Ep45: Tariff Confusion
If you run a business that exports to the United States, how big is the tariff you have to pay? In 2025 that question was hard to answer. Between February and December, 53 separate announcements introduced, delayed, reinstated or changed US
S9 Ep44: How superpowers shape trade
Recorded at the PSE-CEPR Policy Forum, Paris School of Economics. Tariffs move trade around, but so does economic power. When one economy dominates, other countries fall into step with it. They trade with the dominant economy, and also with
S9 Ep43: Navigating industrial policy
Recorded at the PSE-CEPR Policy Forum, Paris. In 2019 the IMF called the increasing adoption of industrial policy: "The return of the policy that shall not be named". No one is scared to name it in 2026. Governments in rich and poor economi
S9 Ep42: The Safety Paradox
Recorded at the PSE-CEPR Policy Forum, Paris School of Economics, June 2026. In 1941 the United States banned oil exports to Japan, to punish aggression without fighting a war. Historians now argue the embargo did the opposite, and hastened
S9 Ep41: Making teenagers read newspapers
French teenagers carry a smartphone with access to almost anything, but few of them have been using it to read the news. Julia Cagé (Sciences Po, CEPR) ran an experiment to test the one barrier everyone assumes matters most: the price of a
S9 Ep40: Are net zero commitments greenwash?
Sixty-three percent of large companies worldwide had made a net zero commitment by 2023, up from close to none in 2018. But if the target date is 2050, that's several corporate lifetimes away, and the planet needs emission reductions today.
S9 Ep39: Europe in 2050
Recorded at the Paris School of Economics-CEPR Policy Forum 2026. Europe is under attack from the US, and under a different kind of attack from China. That is Olivier Blanchard's diagnosis. Blanchard (MIT, Paris School of Economics, Peterso
S9 Ep38: Europe in the Middle
China cannot sell as much as it used to in the United States. That trade has to go somewhere, and somewhere might be Europe. In this week's VoxTalk, Tim Phillips asks Pol Antràs (Harvard) and Beata Javorcik (EBRD, Oxford) what this means fo
S9 Ep37: Addressing Global Imbalances
Episode recorded on 19 June 2026 at the PSE-CEPR Policy Forum in Paris. Twice before, the world's savings and debts have piled up in the wrong places, and twice the imbalance broke something. The first time it took the Plaza Accord to fix i
S9 Ep36: Helping the over-50s find work
Lose your job at 25 and someone will help you find another. Lose it at 55 and the talk quietly turns to how you might wind down towards retirement. Policymakers tend to assume job search training works for the young and not the old, so they
S9 Ep35: The success of the embedded state
Who kept the courts sitting and the streetlights lit when the state had almost no money to pay anyone? Two hundred years ago, British local government ran on unpaid labour. In a parliamentary survey of the boroughs from 1835, two in three o
S9 Ep34: Making defence spending pay
Defence spending is rising whether voters like it or not. The UK has committed to 2.5% of national income and aims for nearer 3.5% over the next decade, £30bn a year for each percentage point. What does the country get back? Can defence spe
S9 Ep33: Did the sewing machine liberate women?
In January 1860 the New York Times gave its blessing to a new machine: the sewing machine. These "iron needle-women", it wrote, were the only invention that could be claimed “chiefly for women's benefit”. Sewing was women's work in the nine
S9 Ep32: The digital money supply
Every day, billions of transactions settle between strangers who have no idea which bank the other uses. That lack of friction is not automatic. Nine-tenths of the money in daily circulation has been created by commercial banks, but it stay
