The global real interest rate

• Pierre-Olivier Gourinchas
• Ricardo Reis interviewed by
• Tim Phillips

Global real rates are stuck at a low level, and until recently policy rates everywhere were effectively zero. Can we use historical data to explain why this happened, and to predict whether we will be back at the ZLB when inflation falls? Pierre-Olivier Gourinchas and Ricardo Reis talk to Tim Phillips.

Curing Covid inflation

• Ṣebnem Kalemli-Özcan interviewed by
• Tim Phillips

Inflation and Europe’s public finances

• Agnès Bénassy-Quéré
• Giancarlo Corsetti interviewed by
• Tim Phillips

Recorded live at CEPR Paris Symposium 2022: What are the consequences of an extended period of above-target inflation for the euro area? Agnès Bénassy-Quéré and Giancarlo Corsetti discuss policy options with Tim Phillips.

The food crisis has no respect for borders

• Guido Porto
• Bob Rijkers interviewed by
• Tim Phillips

This week António Guterres, secretary-general of the UN, warned that the war in Ukraine would tip tens of millions into food insecurity. Guido Porto and Bob Rijkers tell Tim Phillips about who suffers and how much from food price inflation.

What can helicopter money do?

• Ricardo Reis

If you're going to drop lots of money from a helicopter, what will happen to the economy? When would it make a difference, and to who? Helicopter money is increasingly being taken seriously as policy. Ricardo Reis tells Tim Phillips whether helicopter money really can solve our economic problems.

A positive inflation target for the euro area

• Klaus Adam interviewed by
• Tim Phillips

Inflation reduces economic welfare by distorting demand. But what is the inflation rate that minimises these distortions? Maybe it's a lot higher than our models assume, Klaus Adam tells Tim Phillips.

Did Brexit break the bank?

• Swati Dhingra

Swati Dhingra asks what Brexit tells us about the contribution of globalisation to the productivity and wage stagnation we see across the developed world.