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In the latest episode of On The Line, we take a look (through our fingers, which are covering our eyes) at what's happening with the markets, and whole economies, around the world. Guess we'll be delaying retirement a few extra years, eh? This episode of On The Line is brought to you by Westinghouse. Canada's energy future is being shaped by the choices we make today. Westinghouse is 100% Canadian-owned and brings the world's most advanced, operational Gen III+ reactor — the AP1000® — proven, safe, efficient, and ready now. It can be brought online within a decade, delivering clean, reliable power when we need it most. Canada needs energy. Westinghouse is ready. Learn more at westinghousenuclear.com/canada.To unpack all that is happening, Jen Gerson speaks with Professor Barry Eichengreen. The professor is an American economist and economic historian who is the George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley. And he is worried that this is the big one, an economic crisis to rival the Great Depression. He highlights the volatility in the markets, the weakening of the U.S. dollar, and the potential for long-term damage to international economic relations. The discussion also touches on the role of cryptocurrencies and the challenges faced by Canada in navigating these turbulent economic waters.This episode is also brought to by the Métis Nation of Ontario. It's Sault Ste. Marie, 2025. In a quiet room filled with maps, parish records, and the voices of history, a story long denied is finally told. For too long, Métis communities in Ontario had been questioned, overlooked, and denied. But after reviewing more than 50,000 pages of evidence, visiting the seven historic Métis communities in Ontario, and hearing from 160 Métis Nation elders, youth, scholars, and leaders — the truth is clear. The Métis National Council's Expert Panel report is the most comprehensive, transparent, and objective study ever conducted on Métis Nation communities in Ontario. The report rejected politically motivated misinformation. And it confirmed that the seven historic Métis communities in northern Ontario are — and have always been — part of the larger Métis Nation and meet the National Definition of Métis. For the Métis Nation of Ontario and their citizens, this report was a vindication. For more, go to OntarioMetisFacts.com.After that, Jen is joined by Mike Colledge from Ipsos, to provide an update on what issues are driving the electorate. Mike looks inside Ipsos's vast stores of data and shares with Jen what one of the next major issues in Canada could be: social cohesion.As always, like and subscribe at our main page, ReadTheLine.ca. You can also follow us on your favourite podcast app so you never miss an episode. Share it far and wide. Spread the word of The Line.
Dr. Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at University of California, Berkeley, joins Forward Guidance alongside Joseph Wang, CIO of Monetary Macro and writer at FedGuy.com, to discuss his paper at the Federal Reserve's 2023 Jackson Hole symposium, “Living with High Public Debt.” Professor Eichengreen also shares his findings on the U.S. dollar's role as a global reserve currency (“dollar dominance”), financial repression, and central bank digital currencies (CBDCs), and he also shares his views on Modern Monetary Theory (MMT). Filmed on November 28, 2023. Dr. Eichengreen's 2023 Jackson Hole paper, “Living With High Public Debt”: https://www.kansascityfed.org/Jackson%20Hole/documents/9749/Living_With_High_Public_SA_Sep_2_2023.pdf Complete agenda for 2023 Jackson Hole Symposium: https://www.kansascityfed.org/research/jackson-hole-economic-symposium/jackson-hole-economic-policy-symposium-structural-shifts-in-the-global-economy/ More information on Dr. Eichengreen's work: https://eml.berkeley.edu/~eichengr/ __ Use code FG20 to get 20% off Blockworks' Digital Asset Summit in March: https://blockworks.co/event/digital-asset-summit-2024-london __ Follow Dr. Barry Eichengreen on Twitter https://twitter.com/B_Eichengreen Follow Joseph Wang on Twitter https://twitter.com/FedGuy12 Joseph's writings can be found at https://fedguy.com/ Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Timestamps: (00:00) Introduction (01:33) High Levels of Debt Relative to GDP Are Problematic (06:07) Ways By Which Debt-to-GDP Ratios Can Be Lowered (14:08) Will Artificial Intelligence (AI) Lead To A Productivity Miracle? (19:58) How Bad Does It Have To Get Before A Global Reserve Currency Gets Dethroned? (26:31) Central Banks Are Buying More Gold (30:31) What Could Erode Dollar's Dominant Position In The World (40:39) Dr. Eichengreen's Views On Modern Monetary Theory (MMT) (46:05) Is Central Bank Independence Something That's Here To Stay? (49:16) Central Bank Digital Currencies (CBDCs) (59:49) Dr. Eichengreen's Future Work On China's Economic Slowdown __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
To mark the first anniversary of Russia's initial full-scale invasion of Ukraine, we are sharing a panel discussion with four leading economists about what it'll take to rebuild Ukraine. In this Feb. 14 talk, the panelists summarize trends in the region before the war, assess war damage and propose paths forward, laying the groundwork for future recovery efforts and increasing the chances of post-war success in revitalizing Ukraine.A recent Centre for Economic Policy Research (CEPR) report, “Rebuilding Ukraine: Principles and Policies,” provides a background for the panel. The report is available to download in English and Ukrainian.Panelists include:Yuriy Gorodnichenko, Quantedge Presidential Professor of Economics, UC BerkeleyBarry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, UC BerkeleyGérard Roland, E. Morris Cox Professor of Economics and Professor of Political Science, UC BerkeleyRoger Myerson, David L. Pearson Distinguished Service Professor of Global Conflict Studies in the Harris School of Public Policy and the Griffin Department of Economics, University of Chicago; 2007 Nobel Memorial Prize in Economic Sciences, University of ChicagoThe Institute of Slavic, East European and Eurasian Studies (ISEEES) sponsored this event.Read a transcript and listen to the episode on Berkeley News.Music by Blue Dot Sessions.UNDP Ukraine photo by Oleksandr Ratushniak. Hosted on Acast. See acast.com/privacy for more information.
Find out more about this event on our website: https://bit.ly/3YnouVy US and G7 financial sanctions on Russia have raised concerns about weaponization of the dollar - that is, increased use by the United States of the international financial leverage afforded by the greenback's "exorbitant privilege." The question is whether other countries, contemplating even the remote possibility that they may find themselves on the outs with the United States, will look to alternatives. Professor Eichengreen will ask whether the history of sanctions points to such a response. He will assess the available alternatives and evaluate the implications for 21st century globalization. Speaker: Barry Eichengreen is George C. Pardee and Helen N. Pardee Chair and Distinguished Professor of Economics and Professor of Political Science at the University of California, Berkeley. He is a Research Associate of the National Bureau of Economic Research and Research Fellow of the Centre for Economic Policy Research. In 1997-98 he was Senior Policy Advisor at the International Monetary Fund. Professor Eichengreen is a fellow of the American Academy of Arts and Sciences (class of 1997). He is a distinguished fellow of the American Economic Association (class of 2022), a corresponding fellow of the British Academy (class of 2022), and a Life Fellow of the Cliometric Society (class of 2013). He has held Guggenheim and Fulbright Fellowships and been a fellow of the Center for Advanced Study in the Behavioral Sciences (Palo Alto) and the Institute for Advanced Study (Berlin). For 15 years from 2004 he served as convener of the Bellagio Group of academics and officials. He is a regular monthly columnist for Project Syndicate. Professor Eichengreen has been awarded the Economic History Association's Jonathan R.T. Hughes Prize for Excellence in Teaching and the University of California at Berkeley Social Science Division's Distinguished Teaching Award. He is the recipient of a doctor honoris causa from the American University in Paris, and was the 2010 recipient of the Schumpeter Prize from the International Schumpeter Society and the 2022 recipient of the Nessim Habif Prize for Contributions to Science and Industry. He was named one of Foreign Policy Magazine's 100 Leading Global Thinkers in 2011. He is a past president of the Economic History Association (2010-11). His most recent book is In Defense of Public Debt with Asmaa El-Ganainy, Rui Esteves and Kris Mitchener (Oxford University Press 2021)
As of October 2022, the U.S. national debt stood at over $31 trillion. That amounts to nearly $90,000 of debt per citizen. But is there an upside to a government spending more than its tax revenues? How much should we worry about debt of this magnitude? Does history offer lessons for today? Barry Eichengreen joins EconoFact Chats to discuss these issues. Barry is the George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California at Berkeley. He has served as a senior policy advisor at the International Monetary Fund. His latest book is In Defense of Public Debt.
As of October 2022, the U.S. national debt stood at over $31 trillion. That amounts to nearly $90,000 of debt per citizen. But is there an upside to a government spending more than its tax revenues? How much should we worry about debt of this magnitude? Does history offer lessons for today? Barry Eichengreen joins EconoFact Chats to discuss these issues. Barry is the George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California at Berkeley. He has served as a senior policy advisor at the International Monetary Fund. His latest book is "In Defense of Public Debt."
Recorded on March 2, 2022, this "Matrix on Point" panel featured presentations by Markus K. Brunnermeier, Edwards S. Sanford Professor in the Economics Department at Princeton University and Director of Princeton's Bendheim Center for Finance; Stefan Eich, Assistant Professor of Government at Georgetown University; and Christine Parlour, the Sylvan C. Coleman Chair of Finance and Accounting at Berkeley Haas. Moderated by Barry Eichengreen, the George C. Pardee and Helen N. Pardee Chair and Distinguished Professor of Economics and Professor of Political Science at UC Berkeley.
Luncheon Address: Populism and Central BanksBarry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, BerkeleyFull Event: https://www.cato.org/events/39th-annual-monetary-conference See acast.com/privacy for privacy and opt-out information.
La Fundación Rafael del Pino organizó, el 28 de octubre de 2021, la conferencia en directo a través de www.frdelpino.es titulada «La globalización del capital» que impartirá Barry Eichengreen, con motivo de la publicación de la tercera edición de la versión española de la obra de Barry Eichengreen de igual título publicada por Antoni Bosch Editor. Tras la conferencia el profesor Eichengreen dialogó con Manuel Conthe. Barry Eichengreen es profesor George C. Pardee y Helen N. Pardee de Economía y Ciencias Políticas en la Universidad de California, Berkeley, investigador del Centro para la Investigación de Política Económica e investigador asociado de la Oficina Nacional de Investigación Económica. Asimismo, es coordinador del Grupo Bellagio de estudiosos y funcionarios gubernamentales, miembro de la Academia Estadounidense de Artes y Ciencias (promoción de 1997) y ha sido profesor asociado en el Centro de Estudios Avanzados en Ciencias del Comportamiento (Palo Alto) y en el Instituto de Estudios Avanzados (Berlín). Manuel Conthe es Columnista y presidente del Consejo Asesor de Expansión. Manuel Conthe es árbitro internacional español independiente. Abogado y economista, y antiguo regulador del mercado de valores, es un experto reconocido en finanzas, mercados energéticos, transacciones de fusiones y adquisiciones, valoración de daños y perjuicios y, de forma más general, litigios económicos y corporativos. Anteriormente, en calidad de funcionario del Reino de España, fue Director General de Transacciones e Inversiones extranjeras (1987-1988), Director General del Tesoro y Política Financiera (1988-1995), Secretario de Estado de Economía (1995-1996), Vice-presidente para el Sector Financiero en el Banco Mundial (1999-2002) y Presidente de la CNMV (2004-2007). Fue también Socio de una consultora financiera (2002-2004). Durante sus años en Bruselas (1996-1999) como Asesor Jefe de Asuntos Económicos y Comerciales en la Representación Española ante la Unión Europea, estuvo muy implicado en negociaciones sobre comercio internacional e inversiones así como en paneles de arbitraje de la Organización Mundial del Comercio (OMC). Es autor de tres libros sobre paradojas económicas y políticas, teoría de juegos y sesgos cognitivos en derecho y economía (“Behavioral Law & Economics”).
La Fundación Rafael del Pino organizó, el 28 de octubre de 2021, la conferencia en directo a través de www.frdelpino.es titulada «La globalización del capital» que impartirá Barry Eichengreen, con motivo de la publicación de la tercera edición de la versión española de la obra de Barry Eichengreen de igual título publicada por Antoni Bosch Editor. Tras la conferencia el profesor Eichengreen dialogó con Manuel Conthe. Barry Eichengreen es profesor George C. Pardee y Helen N. Pardee de Economía y Ciencias Políticas en la Universidad de California, Berkeley, investigador del Centro para la Investigación de Política Económica e investigador asociado de la Oficina Nacional de Investigación Económica. Asimismo, es coordinador del Grupo Bellagio de estudiosos y funcionarios gubernamentales, miembro de la Academia Estadounidense de Artes y Ciencias (promoción de 1997) y ha sido profesor asociado en el Centro de Estudios Avanzados en Ciencias del Comportamiento (Palo Alto) y en el Instituto de Estudios Avanzados (Berlín). Manuel Conthe es Columnista y presidente del Consejo Asesor de Expansión. Manuel Conthe es árbitro internacional español independiente. Abogado y economista, y antiguo regulador del mercado de valores, es un experto reconocido en finanzas, mercados energéticos, transacciones de fusiones y adquisiciones, valoración de daños y perjuicios y, de forma más general, litigios económicos y corporativos. Anteriormente, en calidad de funcionario del Reino de España, fue Director General de Transacciones e Inversiones extranjeras (1987-1988), Director General del Tesoro y Política Financiera (1988-1995), Secretario de Estado de Economía (1995-1996), Vice-presidente para el Sector Financiero en el Banco Mundial (1999-2002) y Presidente de la CNMV (2004-2007). Fue también Socio de una consultora financiera (2002-2004). Durante sus años en Bruselas (1996-1999) como Asesor Jefe de Asuntos Económicos y Comerciales en la Representación Española ante la Unión Europea, estuvo muy implicado en negociaciones sobre comercio internacional e inversiones así como en paneles de arbitraje de la Organización Mundial del Comercio (OMC). Es autor de tres libros sobre paradojas económicas y políticas, teoría de juegos y sesgos cognitivos en derecho y economía (“Behavioral Law & Economics”).
The recent 2020 Edelman Trust Barometer revealed a dramatic turnaround in levels of popular trust in governments, from their lowest to highest ever recorded levels. Indeed, government is now the institution most people trust, for the first time in the survey’s 20-year history. How brittle is this new found faith in those who govern us? Will it outlive the peak of the global coronavirus pandemic or will it decline as our societies return to relative normality? Could populism and distrust of ‘elites’ return with a vengeance later on? Our Pocket Dilemma presenters, Jonathan Charles and Kerrie Law, were joined on Zoom by: Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at UC Berkeley, California, US, author of The Populist Temptation: Economic Grievance and Political Reaction in the Modern Era; Sergei Guriev, our former Chief Economist, who teaches a course on populism at Sciences Po, Paris, France; He is a co-author of the recent survey “Political Economy of Populism” and the leader of the Research and Policy Network on Populism at the Centre for Economic Policy Research (CEPR) and a moderator of VoxEU’s debate page on populism; Like what you hear? Review our podcast on iTunes, email us at dilemmas@ebrd.com, or tweet us @EBRD #EBRDdilemmas You can rate, review and subscribe to Pocket Dilemma on ITunes, Spotify and Soundcloud, or wherever you get your podcasts.
With Asia’s recent growth comes a growing responsibility within the global economy. In this podcast, Barry Eichengreen, Professor of Political Science at the University of California, Berkeley, breaks down the weight of that responsibility and how Asia can rise to fulfill it. Contributors: Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Professor of Political Science at the University of California, Berkeley.
McAlvany Weekly Commentary A Look At This Weeks Show: Will the dollar endure as the worlds singular reserve currency? What role might the Euro and Renminbi play in the currency markets? What is the countdown to 2013? Barry Eichengreen, chairman of the PIIE Advisory Committee, is the George C. Pardee and Helen N. Pardee Professor of Economics and […] The post Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System. An Interview With Barry Eichengreen appeared first on McAlvany Weekly Commentary.