Podcasts about piie

Back after a year on hiatus! Noah Smith & Brad DeLong Record the Podcast They, at Least, Would Like to Listen to!; Aspirationally Bi-Weekly (Meaning Every Other Week); Aspirationally an hour...Sokrates: The people find some protector, whom they nurse into greatness… but then changes, as indicated in the old fable of the Temple of Zeus of the Wolf, of how he who tastes human flesh mixed up with the flesh of other sacrificial victims will turn into a wolf. Even so, the protector, once metaphorically tasting human blood, slaying some and exiling others, within or without the law, hinting at the cancellation of debts and the fair redistribution of lands, must then either perish or become a werewolf—that is, a tyrant…Key Insights:* We are back! After a year-long hiatus.* Hexapodia is a metaphor: a small, strange insight (like alien shrubs riding on six-wheeled carts as involuntary agents of the Great Evil) can provide key insight into useful and valuable Truth.* The Democratic Party is run by 27-year-old staffers, not geriatric figurehead politicians–this shapes messaging and internal dynamics.* The American progressive movement did not possess enough assibayah to keep from fracturing over Gaza War, especially among younger Democratic staffers influenced by social media discourse.* The left's adoption of “indigeneity” rhetoric undermined its ability to be a coalition in the face of tensions generated by the Hamas-Israel terrorism campaigns.* Trump's election with more popular votes than Harris destroyed Democratic belief that they had a right to oppose root-and-branch.* The belief that Democrats are the “natural majority” of the U.S. electorate is now false: nonvoters lean Trump, not so much Republican, and definitely not Democratic.* Trump's populism is not economic redistribution, but a claim to provide a redistribution of status and respect to those who feel culturally disrespected.* The Supreme Court's response to Trumpian overreach is likely to be very cautious—Barrett and Roberts are desperately eager to avoid any confrontation with Trump they might wind up losing, and Alito, Kavanaugh, Gorsuch, and Thomas will go the extra mile—they are Republicans who are judges, not judges who are Republicans, except in some extremis that may not even exist.* Trump's administration pursues selective repression through the state, rather than stochastic terrorism.* The economic consequence of the second Trump presidency look akin to another Brexit costing the U.S. ~10% of its prosperity, or more.* Social media, especially Twitter a status warfare machine–amplifying trolls and extremists, suppressing nuance.* People addicted to toxic media diets but lack the tools or education to curate better information environments.* SubStack and newsletters may become part of a healthier information ecosystem, a partial antidote to the toxic amplification of the Shouting Class on social media.* Human history is marked by information revolutions (e.g., printing press), each producing destructive upheaval before stabilization: destruction, that may or may not be creative.* As in the 1930s, we are entering a period where institutions–not mobs–become the threat, even as social unrest diminishes.* The dangers are real,and recognizing and adapting to new communication realities is key to preserving democracy.* Plato's Republic warned of democracy decaying into tyranny, especially when mob-like populism finds a strongman champion who then, having (metaphorically) fed on human flesh, becomes a (metaphorical) werewolf.* Enlightenment values relied more than we knew on print-based gatekeeping and slow communication; digital communication bypasses these safeguards.* The cycle of crisis and recovery is consistent through history: societies fall into holes they later dig out of, usually at great cost—or they don't.* &, as always, HEXAPODIA!References:* Brown, Chad P. 2025. “Trump's trade war timeline 2.0: An up-to-date guide”. PIIE. .* Center for Humane Technology. 2020. “The Social Dilemma”. .* Hamilton, Alexander, James Madison, & John Jay. 1788. The Federalist Papers. .* Nowinski, Wally. 2024. “Democrats benefit from low turnout now”. Noahpinion. July 20. .* Platon of the Athenai. -375 [1871]. Politeia. .* Rorty, Richard. 1998. Achieving Our Country. Cambridge: Harvard University Press. * Rothpletz, Peter. 2024. “Economics 101 tells us there's no going back from Trumpism”. The Hill. September 24. .* Smith, Noah. 2021. “Wokeness as Respect Redistribution”. Noahpinion..* Smith, Noah. 2016. “How to actually redistribute respect”. Noahpinion. March 23. .* Smith, Noah. 2013. “Redistribute wealth? No, redistribute respect”. Noahpinion. December 27. .* SubStack. 2025. “Building a New Economic Engine for Culture”. .&* Vinge, Vernor. 1999. A Deepness in the Sky. New York: Tor Books. .If reading this gets you Value Above Replacement, then become a free subscriber to this newsletter. And forward it! And if your VAR from this newsletter is in the three digits or more each year, please become a paid subscriber! I am trying to make you readers—and myself—smarter. Please tell me if I succeed, or how I fail… Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe

2024 共和黨大選綱領「共和黨將取消中國最惠國的待遇，逐步停止必需品從中國進口，阻止中國汽車進口美國。」川普上任後，他任命的團隊會執行這些措施嗎？這些措施會對中國明年GDP產生什麼影響？如果美中貿易戰再四年，人民幣會跌到哪裡？美國和中國正處於由川普啟動、由拜登加劇且毫無結束跡象的科技戰中。川普會怎麼打對中科技戰和金融戰？川普對中政策的最終目的是什麼？有專家指出中國城鎮流失了4700萬勞動力，中國社會已呈現「老年人生機蓬勃、年輕人死氣沉沉」的怪象。中國人口老化和低出生率，對長期經濟影響多大？川普2.0時代的美中交戰，台灣又該如何趨利避害? 精彩訪談內容，請鎖定@華視三國演議！ 本集來賓：#陳松興 #矢板明夫 主持人：#汪浩 以上言論不代表本台立場 #川普 #貿易戰　#中國經濟 #最惠國待遇 電視播出時間

Joseph Gagnon is a senior fellow at the Peterson Institute for International Economics, a former senior Fed staffer, and a returning guest to the podcast. Joe rejoins David on Macro Musings to talk about the unholy trinity behind the COVID inflation surge and what history can teach us about the unusual inflation experience of that period. David and Joe also discuss the inflationary lessons from the Korean War, the Fed's upcoming framework review, and much more.   Transcript for this week's episode.   Joseph's Twitter: @GagnonMacro Joseph's PIIE profile   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server!   Join the Macro Musings mailing list! Check out our Macro Musings merch!   Related Links:   *What Caused the U.S. Pandemic-Era Inflation?* by Ben Bernanke and Olivier Blanchard   *Understanding U.S. Inflation During the COVID Era* by Laurence Ball, Daniel Leigh, and Prachi Mishra   Timestamps:   (00:00:00) – Intro   (00:02:46) – Predicting the Post-Pandemic Inflation Surge   (00:06:39) – Assessing the State of the Bond Market and Inflation Expectations After the Inflation Surge   (00:16:14) – What Caused the U.S. Pandemic-Era Inflation: Breaking Down the Literature   (00:23:45) – *The Trinity of COVID-Era Inflation in G7 Economies*   (00:32:55) – *Why Did Inflation Rise and Fall So Rapidly? Lessons from the Korean War*   (00:42:06) – Inflation, FAIT, and the Upcoming Fed Framework Review   (00:49:18) – Why Should the Fed Consider Nominal GDP Targeting?   (00:53:04) – Responding to the Measurement Issue Surrounding Nominal GDP   (00:57:40) – Outro

Joe Gagnon is a senior fellow at the Peterson Institute for International Economics and was formerly a senior staffer at the Federal Reserve Board of Governors. Joe is also a returning guest to Macro Musings, and he rejoins the podcast to talk about Fed Chair Jerome Powell's speech at the Jackson Hole Economic Symposium. Specifically, Joe and David talk about the future direction of r star, what current inflationary trends mean for the Phillips curve, the Fed's commitment to a two percent inflation target, and a lot more.   Transcript for this week's episode.   Register now for the Bennett McCallum Monetary Policy Conference!   Joe's Twitter: @GagnonMacro Joe's PIIE profile   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Join the Macro Musings mailing list! Check out our new Macro Musings merch!   Related Links:   *Low Inflation Bends the Phillips Curve Around the World* by Joe Gagnon, Kristin Forbes, and Christopher Collins   *Fed Chair Powell's Message in Jackson Hole: Two Means Two* by David Wilcox   *Why the Era of Historically Low Interest Rates Could Be Over* by Nick Timiraos

David Wilcox is a non-resident senior fellow at the Peterson Institute for International Economics and is the Director of Economic Research at Bloomberg Economics. Previously, David served for many years on the staff of the Federal Reserve Board, as deputy director from 2001 to 2011 and as director from 2011 to 2018 of the Division of Research and Statistics. In the latter role, he functioned as the chief economist of the division, a senior advisor to three successive chairs of the board, and the division leader for strategic direction as well as chief manager. David joins Macro Musings to talk about a recent article he wrote titled, *The Cost of the US Going Over the Fiscal Cliff is Trauma, Then Unending Pain.* David and David also discuss the debt ceiling issue more broadly, including the severity and timing of a technical default, the two big economic shocks that would result from a default, the possible solutions to pursue in the face of the this debacle, and more.   Transcript for the episode can be found here.   David Wilcox's Twitter: @D_W_Wilcox David Wilcox's PIIE profile   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Click here for the latest Macro Musings episodes sent straight to your inbox! Check out our new Macro Musings merch here!   Related Links:   *The Cost of US Going Over Fiscal Cliff Is Trauma Then Unending Pain* by David Wilcox   *Fiscal Policy Under Low Interest Rates* by Olivier Blanchard   *Mint the Coin? Buy Back Bonds? 7 ‘Gimmicks' for Dodging the Debt Limit* by Jeff Stein

Martin Chorzempa is a senior fellow with the Peterson Institute for International Economics and is the author of a new book titled, *The Cashless Revolution: China's Reinvention of Money and the End of America's Domination of Finance and Technology.* Martin joins Macro Musings to talk about this book as well as the history of Chinese fintech development, the basics of super apps in China, challenges to the Chinese fintech revolution, and more.   Transcript for the episode can be found here.   Martin's PIIE profile Martin's Twitter: @ChorzempaMartin   David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Click here for the latest Macro Musings episodes sent straight to your inbox! Check out our new Macro Musings merch here!   Related Links:   *The Cashless Revolution: China's Reinvention of Money and the End of America's Domination of Finance and Technology* by Martin Chorzempa   *Letter From Apple Supplier Foxconn's Founder Prodded China to Ease Zero-Covid Rules* by Keith Zhai and Yang Jie

Joe Gagnon is a senior fellow at the Peterson Institute for International Economics and was formerly a senior staffer at the Federal Reserve Board of Governors. Joe is also a returning guest to the podcast, and he rejoins Macro Musings to take a look back on the past few years and to discuss his new paper on excess unemployment over the past 25 years. Specifically, David and Joe also discuss the movement of the natural rate of unemployment over time, alternative explanations for the flattening of the Phillips curve, policy implications for the Fed moving forward, and more.   Transcript for the episode can be found here.   Support the podcast by making a donation during this holiday season!   Joe's PIIE profile Joe's Twitter: @GagnonMacro   David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox! Check out our new Macro Musings merch here!   Related Links:   *25 Years of Excess Unemployment in Advanced Economies: Lessons for Monetary Policy* by Joseph Gagnon and Madi Sarsenbayev   *The Slope of the Phillips Curve: Evidence form U.S. States* by Jonathon Hazell, Juan Herreno, Emi Nakamura, and Jon Steinsson   *The Macroeconomics of Low Inflation* by George Akerlof, William Dickens, and George Perry   *Measuring Monetary Policy: the NGDP Gap* by David Beckworth

The rise of Chinese fintech in the 2010s is one of the most exciting and intriguing stories in all of fintech. This has been followed in this decade by a government crackdown on fintech and technology more broadly. But everyone should understand the innovations that led China to become the most advanced country in the world when it comes to fintech.My next guest on the Fintech One-on-One podcast is Martin Chorzempa who I got to know in 2014 when I started visiting China. He is now at the Peterson Institute for International Economics and he has written a very important book on Chinese fintech called "The Cashless Revolution: China's Reinvention of Money and the End of America's Domination of Finance and Technology." This is a must-read for anyone in fintech, not just for those people who follow China, as there are lessons here for us all.In this podcast you will learn:How Martin found his way to work at a Chinese think tank, CF40.The work he did at CF40.What he is focused on today at the Peterson Institute for International Economics.How he was able to become fluent in Mandarin.The state of financial technology when Martin arrived in China in 2012.How Tencent and Ant Financial became critically important fintech companies.Why the rise of the Super App was the key to the rise of these two companies.How the Chinese government enabled this rise.What propelled the growth of peer-to-peer lending in China.The amazing rise of Sesame Credit, Ant Financial's official credit bureau.The government's approach to the huge amounts of data these companies generated.The stunning fall of the peer-to-peer lending platform Ezubao.How Ant's money market fund, Huabao, became the largest in the world.How one speech from Jack Ma become the “The Costliest Speech in History”.The lessons the U.S. and the West can take from the rise and fall of fintech in China.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

Join Rob and Michelle as they discuss Ukraine and Russia, Russia and Ukraine, and the future of the WTO. And in an interview recorded before the conflict between Russia and Ukraine began, special Guest Anabel González, WTO deputy director general, formerly senior fellow at PIIE & host of Trade Winds, senior director at the World Bank, and Costa Rica trade minister joins to explain how the WTO is facing the post COVID times and the future of trade in general.   

Gary Clyde Hufbauer, nonresident senior fellow at PIIE, was the Institute's Reginald Jones Senior Fellow from 1992 to January 2018. He was previously the Maurice Greenberg Chair and Director of Studies at the Council on Foreign Relations (1996–98), the Marcus Wallenberg Professor of International Finance Diplomacy at Georgetown University (1985–92), senior fellow at the Institute (1981–85), deputy director of the International Law Institute at Georgetown University (1979–81); deputy assistant secretary for international trade and investment policy of the US Treasury (1977–79); and director of the international tax staff at the Treasury (1974–76). We are looking for two interns who can help with research and production. If you are interested please contact us!A note from Lev:I am a high school teacher of history and economics at a public high school in NYC, and began the podcast to help demystify economics for teachers.  The podcast is now within the top 2.5% of podcasts worldwide in terms of listeners (per Listen Notes) and individual episodes are frequently listed by The Syllabus (the-syllabus.com) as among the 10 best political economy podcasts of a particular week.  The podcast is reaching thousands of listeners each month.  The podcast seeks to provide a substantive alternative to mainstream economics media; to communicate information and ideas that contribute to equitable and peaceful solutions to political and economic issues; and to improve the teaching of high school and university political economy. I am looking to be able to raise money in order to improve the technical quality of the podcast and website and to further expand the audience through professionally designed social media outreach. I am also hoping to hire an editor. Our goal is to raise $12,000 this year. If you can donate a few dollars each month it will help us reach that goal. And if you know of a family foundation that might be interested in donating to A Correction please be in touch. Thank you! (And a huge thank you to all of the people who have already supported the podcast!)Best, Lev

Global trade is impossible without transportation, and every country relies on maritime trade to sell what it has and buy what it needs. Since there is more transportation on the water than onshore, maritime transport is dependent on trade. That's why this episode is all about trade. Cecilia Malmstrom, Former EU Commissioner for Trade and now a non-resident senior fellow at PIIE (Peterson Institute for International Economics), is the interviewee in episode 181.  We discuss shipping from a global trade perspective. Cecilia has been representing the EU in various trade negotiations. She knows everything there is to know about trade agreements, politics and how to take many different viewpoints into account when negotiating.   World Trade Organisation, WTO  International Monetary Fund, IMF International Maritime Organisation, IMO  The Transatlantic Trade and Investment Partnership, TTIP) Cecilia Malmstrom hosts a monthly webinar on trade, Trade Winds. You are welcome to sign up here. 

Jason Furman is a former chair of the Council of Economic advisers and is currently a senior fellow at the Peterson Institute for International Economics. Jason is also a professor at Harvard University and he rejoins Macro Musings to talk about overheating, the inflation outlook, and the right way to think about fiscal policy in an era of low interest rates.   Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Jason's Twitter: @jasonfurman Jason's Harvard profile: https://www.hks.harvard.edu/faculty/jason-furman Jason's PIIE profile: https://www.piie.com/experts/senior-research-staff/jason-furman   Related Links:   *A Reconsideration of Fiscal Policy in the Era of Low Interest Rates* by Jason Furman and Larry Summers https://www.hks.harvard.edu/centers/mrcbg/programs/growthpolicy/reconsideration-fiscal-policy-era-low-interest-rates-jason   David's blog: macromarketmusings.blogspot.com David's Twitter: @DavidBeckworth

Adam Posen is the President of the Peterson Institute for International Economics. Previously, Adam was on the monetary policy committee of the Bank of England. He has also worked at the New York Fed and has advised many central banks and governments. Adam is also a returning guest to the podcast and re-joins Macro Musings to discuss his new article, “The Price of Nostalgia: America's Self-Defeating Economic Retreat.” Specifically, David and Adam discuss the Fed’s new framework, secular stagnation, the economic impact of demographic changes, the China shock, and how the new political consensus on trade, growth, and the American middle class is short-sighted and self-defeating.   Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Adam’s Twitter: @AdamPosen Adam’s PIIE profile: https://www.piie.com/experts/senior-research-staff/adam-s-posen   Related Links:   *The Price of Nostalgia: America's Self-Defeating Economic Retreat* by Adam Posen https://www.foreignaffairs.com/articles/united-states/2021-04-20/america-price-nostalgia   *Hysteresis and the Business Cycle* by Valerie Cerra, Antonio Fatás, and Sweta Saxena https://faculty.insead.edu/fatas/hysteresis.pdf   *The China Syndrome: Local Labor Market Effects of Import Competition in the United States* by David H. Autor, David Dorn, and Gordon H. Hanson https://www.aeaweb.org/articles?id=10.1257/aer.103.6.2121   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

The Peterson Institute for International Economics debuted "Financial Statements," a new biweekly virtual event series hosted by Nicolas Véron, senior fellow at PIIE, on June 10, 2020.

The Peterson Institute for International Economics debuted Trade Winds, a biweekly virtual event series, on May 22, 2020.

Jerome H. Powell, chair of the Board of Governors of the Federal Reserve System, gave remarks on current economic issues followed by a discussion with PIIE president Adam S.

Alex Tabarrok is a professor of economics at George Mason University and a research fellow at the Mercatus Center. Alex joins David Beckworth on the podcast to discuss how best to deal with COVID-19 and what lessons we can learn from it moving forward.     Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Alex’s Twitter: @ATabarrok Alex’s GMU profile: https://mason.gmu.edu/~atabarro/   Related Links:   Bonus segment with Tabarrok: https://www.youtube.com/watch?v=tQUnnumgXvw&feature=youtu.be   *Pandemic Policy in Developing Countries: Recommendations for India* by Shruti Rajagopalan and Alex Tabarrok https://www.mercatus.org/publications/covid-19-policy-brief-series/pandemic-policy-developing-countries-recommendations-india   Chad Brown’s PIIE archive, which include a series of articles related to COVID-19 and its impact on trade: https://www.piie.com/experts/senior-research-staff/chad-p-bown   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

Joseph Gagnon is a senior fellow at the Peterson Institute for International Economics and formerly, a senior staffer at the Federal Reserve Board of Governors. Joseph is also a returning guest to Macro Musings, and he joins the show today to discuss his recent policy brief titled, “Are Central Banks Out of Ammunition to Fight a Recession? Not quite.” Specifically, David and Joseph discuss the variety of monetary policy tools available to central banks to combat the next recession (with special emphasis on the Federal Reserve, European Central Bank, and Bank of Japan). Joseph also makes the case that the ECB should adopt a formal review of its monetary policy framework.   Transcript for the episode: https://www.mercatus.org/bridge/podcasts/01242020/joseph-gagnon-central-banks%E2%80%99-ability-fight-next-recession   Joseph’s Twitter: @GagnonMacro Joseph’s PIIE profile: https://www.piie.com/experts/senior-research-staff/joseph-e-gagnon   Related Links:   *Are Central Banks Out of Ammunition to Fight a Recession? Not Quite.* by Joseph Gagnon & Christopher Collins https://www.piie.com/publications/policy-briefs/are-central-banks-out-ammunition-fight-recession-not-quite   *Priorities for Review of the ECB’s Monetary Policy Strategy* by Jeremie Cohen-Setton, Christopher Collins, and Joseph Gagnon https://www.piie.com/commentary/speeches-papers/priorities-review-ecbs-monetary-policy-strategy   *How Did Quantitative Easing Really Work? A New Methodology for Measuring the Fed's Impact on Financial Markets* by Ramin Toloui https://siepr.stanford.edu/sites/default/files/publications/19-032.pdf   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

Claudia Biancotti, PIIE visiting fellow, discussed recent developments in advanced economies on protection of digital data in a talk entitled “Strategic Implications of Data Protection Laws” on November 18, 2019, at the Peterson Institute for International Economics.

Adam Posen, Peterson Institute President, says the Bank of England can't do anything ahead of Brexit. Willem Buiter, Citi Special Economic Advisor, only sees the BOE hiking rates in response to a soft Brexit. Vincent Reinhart, Standish Mellon Asset Management Chief Economist, says he no longer takes "Japanification" as a bad term. Andrew Slimmon, Morgan Stanley Investment Management Senior Portfolio Manager, does a deep dive into consumer staple stocks. And Amanda Renteria, Clinton 2016 Presidential Campaign National Political Director, says a fighting spirit is more important than policy proposals for the Democratic candidates.  Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Engage brings on Peterson Institute for International Economics Senior Fellow and Syracuse Prof. Mary Lovely to discuss PIIE event, "China and the World:  Inside the Dynamics of a Changing Relationship."  This is a deep dive into the extent of China's global scale and reach, and the exposure of sectors and countries to the China-World relationship.  

Joe Gagnon is a senior fellow at the Peterson Institute for International Economics where he has been since September 2009. Previously, Joe worked for the Federal Reserve Board of Governors as a senior economist and the associate director of both the Division of International Finance and the Division of Monetary Affairs, and he has also served at the US Treasury Department.  Joe is a returning guest to Macro Musings and joins the show today to talk about the growing interest among U.S. politicians in managing the currency to help facilitate trade imbalances. David and Joe also discuss the policy implications of trade imbalances, the new Libra currency, and how to us countervailing currency intervention to combat currency manipulation.   Transcript for the episode: https://www.mercatus.org/bridge/podcasts/07152019/currency-manipulation-trade-imbalances-and-libra   Joe’s Twitter: @GagnonMacro Joe’s PIIE profile: https://www.piie.com/experts/senior-research-staff/joseph-e-gagnon?author_id=653   Related Links:   *Currency Conflict and Trade Policy: A New Strategy for the United States* by Joe Gagnon and Fred Bergsten https://www.piie.com/bookstore/currency-conflict-and-trade-policy-new-strategy-united-states   *The Financial Market Effects of the Federal Reserve’s Large-Scale Asset Purchases* by Joe Gagnon, Matthew Raskin, Julie Remache, and Brian Sack https://www.ijcb.org/journal/ijcb11q1a1.htm   *A Plan for Economic Patriotism* proposal by Elizabeth Warren https://medium.com/@teamwarren/a-plan-for-economic-patriotism-13b879f4cfc7   *Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?* by Ethan Ilzetzki, Carmen Reinhart, and Kenneth Rogoff* https://www.nber.org/papers/w23134   *Did France Cause the Great Depression* by Douglas Irwin https://www.nber.org/papers/w16350   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

Mary Lovely, Peterson Institute Senior Fellow & Syracuse University Professor, says U.S. businesses are negatively impacted by the tariffs imposed on China. David Rosenberg, Gluskin Sheff Chief Economist & Strategist, says there's way too much risk in the market. Priya Misra, TD Securities Head of Global Interest-Rates Strategy, doesn't foresee a recession in the data. Golnar Motevalli, Bloomberg Iran Reporter, says the U.S. and Europe are on different sides when negotiating with Iran.  Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Monica de Bolle is a senior fellow at the Peterson Institute for International Economics and an associate professor at Johns Hopkins University. Monica is published widely on the subject of Latin American economies, and she joins the show today to explain some of the recent financial and economic developments in Argentina and Venezuela. David and Monica also analyze the political atmosphere and policy environment that led to Argentina’s current economic hardships and discuss where the country might be if they had not pursued such policies. Monica’s Twitter: @bollemdb Monica’s PIIE profile: https://piie.com/experts/senior-research-staff/monica-de-bolle Related Links: *Argentina: Back to the Brink* by Monica de Bolle https://piie.com/blogs/realtime-economic-issues-watch/argentina-back-brink David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

Guest Martin Chorzempa Research Fellow, @PIIE. China Econ/Finance, FinTech, Financial Development Martin Chorzempa | PIIE Martin Chorzempa (@ChorzempaMartin) | Twitter Martin Chorzempa of the Peterson Institute is over traditional finance. Instead, spends his time analyzing the wild west of innovative consumer finance in China, a space full of unicorns, ponzi schemes, and overworked regulators desperately trying to stay up with the times. We discuss the promise and peril of social credit scores like Alibaba's Sesame Credit and the boom of Chinese peer to peer lending. Martin also explains how a digital gaming currency created by Tencent in the 2000s that developed a secondary market set the pattern that you can today see with its handling of bitcoin. Outtro song: "We are all Bitcoins" Get bonus content on Patreon See acast.com/privacy for privacy and opt-out information.

Guest Martin Chorzempa Research Fellow, @PIIE. China Econ/Finance, FinTech, Financial Development Martin Chorzempa | PIIE Martin Chorzempa (@ChorzempaMartin) | Twitter Martin Chorzempa of the Peterson Institute is over traditional finance. Instead, spends his time analyzing the wild west of innovative consumer finance in China, a space full of unicorns, ponzi schemes, and overworked regulators desperately trying to stay up with the times. We discuss the promise and peril of social credit scores like Alibaba's Sesame Credit and the boom of Chinese peer to peer lending. Martin also explains how a digital gaming currency created by Tencent in the 2000s that developed a secondary market set the pattern that you can today see with its handling of bitcoin. Outtro song: "We are all Bitcoins"

Olivier Blanchard is the C. Fred Bergsten Senior Fellow at the Peterson Institute for International Economics and the former Director of Research at the International Monetary Fund. Today, he joins the show to discuss working at the IMF in the midst of the 2008 financial crisis and Great Recession. He also shares his thoughts on the limitations of current-day macroeconomic models as well as some suggestions to improve them. David’s blog: macromarketmusings.blogspot.com/ Macro Musings podcast site: macromusings.com David’s Twitter: @DavidBeckworth Olivier Blanchard’s MIT profile: https://economics.mit.edu/faculty/blanchar Olivier Blanchard’s PIIE profile: https://piie.com/experts/senior-research-staff/olivier-blanchard Olivier Blanchard’s Twitter: @ojblanchard1 Related links: “Do DSGE Models Have a Future?” by Olivier Blanchard https://piie.com/publications/policy-briefs/do-dsge-models-have-future “On the Need for (At Least) Five Classes of Macro Models” by Olivier Blanchard https://piie.com/blogs/realtime-economic-issues-watch/need-least-five-classes-macro-models “Will Interest Rates Lead to Fiscal Crisis?” by Olivier Blanchard https://piie.com/publications/policy-briefs/will-rising-interest-rates-lead-fiscal-crises “Getting Serious About Wage Inflation in Japan” by Olivier Blanchard and Adam Posen https://asia.nikkei.com/Viewpoints-archive/Viewpoints/Getting-serious-about-wage-inflation-in-Japan “Monetary Policy: Science or Art?” by Olivier Blanchard https://economics.mit.edu/files/742

Caroline Freund is a senior fellow at the Peterson Institute for International Economics (PIIE). Previously, she served as the chief economist for the Middle East and North Africa at the World Bank. She joins the show to discuss her career in trade policy and her work on the slowdown in global trade since the Great Recession. Finally, she also shares her thought on President Trump’s trade policies. David’s blog: macromarketmusings.blogspot.com/ Macro Musings podcast site: macromusings.com David’s Twitter: @DavidBeckworth Caroline’s PIIE profile: https://piie.com/experts/senior-research-staff/caroline-freund?author_id=906 Caroline’s Bloomberg archive: https://www.bloomberg.com/view/contributors/AQnL_eq2K8M/caroline-freund Caroline’s Twitter: @CarolineFreund Related links: *Rich People, Poor Countries: The Rise of Emerging-Market Tycoons and Their Mega Firms* by Caroline Freund (assisted by Sarah Oliver) https://piie.com/bookstore/rich-people-poor-countries-rise-emerging-market-tycoons-and-their-mega-firms “The Global Trade Slowdown and Secular Stagnation” by Caroline Freund https://piie.com/blogs/trade-investment-policy-watch/global-trade-slowdown-and-secular-stagnation “Invest in minds, not miners” by Caroline Freund and Christine McDaniel https://www.bloomberg.com/view/articles/2017-07-06/the-u-s-needs-to-invest-in-minds-not-miners “U.S. Needs Trade Deals, Not ‘Remedies’” by Caroline Freund https://www.bloomberg.com/view/articles/2017-08-14/u-s-needs-china-trade-deals-not-remedies “The China Shock: Learning from Labor Market Adjustment to Large Changes in Trade” by David H. Autor, David Dorn, and Gordon H. Hanson http://www.nber.org/papers/w21906 "Trump's Trade Pullout Roils Rural America" by Adam Behsudi http://www.politico.com/magazine/story/2017/08/07/trump-tpp-deal-withdrawal-trade-effects-215459

Jason Furman is a senior fellow at the Peterson Institute for International Economics. Previously, he served as the Chairman of the Council of Economic Advisers under President Obama. He joins the show to reflect on his time in the Obama Administration. Among other things, Jason and David discuss the efficacy of fiscal policy, the fiscal multiplier, and whether the platinum coin was ever seriously considered. They also discuss the problem of declining male labor force participation, its causes, and possible solutions. David’s blog: http://macromarketmusings.blogspot.com/ Jason Furman’s PIIE profile: https://piie.com/experts/senior-research-staff/jason-furman David’s Twitter: @davidbeckworth Jason Furman’s Twitter: @jasonfurman Related links: “The New View of Fiscal Policy and Its Application” by Jason Furman http://voxeu.org/article/new-view-fiscal-policy-and-its-application “The Long-Term Decline in US Prime-Age Male Labor Force Participation” by Jason Furman http://voxeu.org/article/long-term-decline-us-prime-age-male-labour-force-participation-and-policies-address-it

Today on Purse Strings Maria Reitan is joined by Marcus Noland, executive vice president and director of studies at the Peterson Institute for International Economics and a nonresident senior fellow at the East-West Center. He co-wrote the working paper from PIIE called “Is Gender Diversitiy Profitable? Evidence from a Global Study.” His co-authors are Tyler Moran is a research analyst at the Peterson Institute. Barbara Kotschwar is adjunct professor of Latin American studies and economics at Georgetown University. She was research fellow at the Peterson Institute for International Economics.