Video Vox

Pietro Veronesi 10 September 2018

Why does the stock market tend to do better under Democrat Presidents than Republican ones? In this video, Pietro Veronesi of the University of Chicago's Booth School of Business explains how the evidence seems to show that when risk aversion is very high, during ‘bad times’, voters are more to elect Democrat candidates, thus improvements in stock market performance are more visible under Democratic presidencies.

Pedro Gete Sánchez 30 August 2018

Professor Pedro Gete of IE Business School discusses how a combination of recourse mortgages and nominal rigidities can lead to slow recovery from a crisis. This video was recorded at CEPR's Third Annual Spring Symposium.

Michael Burda 23 August 2018

Professor Michael C. Burda of the Humboldt University of Berlin discusses the German opinion on Britain's decision to leave the EU. 

Hélène Rey 13 August 2018

Hélène Rey, Professor of Economics at London Business School and CEPR Fellow, explains how credit booms develop, what their mechanics are and how the financial intermediaries involved take on different amounts of risk.

Martina Jasova 10 August 2018

Financial institutions rely on borrowing at short maturities, but when credit markets panic, banks are unable to roll over their short-term debt. Martina Jasova discusses how the ECB’s Very Long-Term Refinancing Operations revived lending in the euro area following the financial crisis, which in turn allowed firms to invest and hire more. The video was recorded at CEPR's Third Annual Spring Symposium.

Mariassunta Giannetti 02 August 2018

Some economists argue that corruption can contribute to economic growth by bypassing red tape and financing issues. Using data from China's anti-corruption campaign in 2012, Mariassunta Gianetti shows that small, young - and potentially more productive - firms tend to perform better when corruption is cut. This video was recorded at CEPR's Third Annual Spring Symposium.

Richard Disney 30 July 2018

It is commonly assumed that policing in Britain cannot keep up with rising crime levels. Richard Disney shows that, while some police forces in the country do better than others, in recent years the average performance of police forces has not changed. He also discusses key challenges British police face today, from the nature of crimes they must tackle to their labour demand.

Enrique Schroth 26 July 2018

Private equity funds are usually illiquid for invested limited partners over a fixed period of time. But, as the Global Crisis has shown, sometimes partners may need to cash out early. Enrique Schroth discusses how the cost of doing so, in terms of the discount partners pay on their investment, can be substantial. One quarter to one third of the variation in the discount paid for an early exit can be attributed to the amount of liquidity in the economy.

Mark Koyama 23 July 2018

Some research suggests violence towards minority groups is exacerbated during times of economic stress. Mark Koyama discusses his work on when the tendency to target minority groups becomes manifest. Using 1000 years' date on pogroms across Europe, he shows that the likelihood of scapegoating minority groups increased by 50% in seasons when harvests were likely to be poor.

Josephine Duh, Dean Spears 16 July 2018

Although average wealth in India has risen in recent years, calorie consumption has paradoxically fallen. Josephine Duh and Dean Spears explain that Indians are eating less despite being richer because disease rates are slowly declining, meaning that nutrition from food is extracted more efficiently.

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