Problems that have recently been faced by Europe's financial system - from highly variable exchange rates to disrupted trade flows - also plagued advanced economies a century ago. Barry Eichengreen compares the problems of the Gold Standard to the European Monetary System, and the euro area.
Diego Comin 04 April 2018
Europe currently faces multiple challenges on economic, demographic, and environmental fronts. All of these can be addressed by innovations in technology and process. This video discusses some of the outcomes of the EU-FRAME mid-term conference, outlining ways in which innovation policy can be designed so as to best serve welfare and productivity across all actors. This conference took place in March 2018 at ZEW, Mannheim.
CEPR is a partner of the FRAME Project, which is coordinated by ZEW. The CEPR team is led by Diego Comin, a Research Fellow in its Macroeconomics and Growth Programme. The FRAME project has received funding from the European Union's Horizon 2020 Research and Innovation Programme under the grant agreement No #727073.
Anat Admati 29 March 2018
Nearly a year on from the Global Crisis, many argue that the international banking system remains broken. Anat Admati discusses how the structure of banks makes them fragile, and why they should be regulated in order to withstand shocks.
Philippe Aghion 27 March 2018
Many economists argue that fixing inequality should not come at the expense of innovation. Philippe Aghion discusses the role innovation has to play in fostering growth and social mobility. This video was recorded at the RES annual conference in Spring 2015.
John Van Reenen 23 March 2018
Competition can foster productivity by eliminating unproductive firms out of the market. John Van Reenen discusses the impact of management quality on productivity - and how this is influenced by market forces. This video was published by the CORE Project.
Jean Tirole, John Vickers, Eric Maskin 21 March 2018
Jean Tirole's work on industrial organisation led to him being awarded the 2014 Nobel Prize in Economics. In this video, Eric Maskin and John Vickers discuss the significance of Tirole's work in understanding market regulation. This video was originally published by the European Economic Association.
Jon Danielsson, Jean-Pierre Zigrand 19 March 2018
Nearly ten years on from the Global Crisis, systemic risk continues to threaten global economic stability. Using the analogy of London's Millennium Bridge, in this video Jon Danielsson and Jean-Pierre Zigrand explain systemic risk as the result of agents behaving rationally at the individual level to protect their own interests. This video was originally published by the LSE's Systemic Risk Centre.
Charles Bean 15 March 2018
Interest rates are near zero and inflation is even lower. Professor Sir Charles Bean, former Deputy Governor at the Bank of England and President of the Royal Economic Society, talks to Mark Thoma about the importance of clear communication in such uncertain times. The interview was recorded at the Royal Economic Society annual conference at The University of Manchester in Spring 2015 and produced by Econ Films.
Mark Aguiar 13 March 2018
In the traditional framework, sovereigns face default if they cannot repay maturing debt. Mark Aguiar discusses the concept of 'rollover crises', in which sovereigns can find new debt to pay off maturing debt - but at high spreads. He proposes a way to structure this ahead of time, that reduces the cost to the government. This video was published by the ADEMU Project in November 2016.
Jonathan Eaton 09 March 2018
The sovereign debt crisis no doubt heavily impacted the Euro Area as it ran its course, but its longer-term implications for the evolution of Europe remain unclear. Jonathan Eaton discusses some of the similarities and differences between the sovereign debt problems of the 1970s-80s and today, and their implications for the future. This video was published by the ADEMU Project in November 2016.