Podcast

Director’s Cut: Post-crisis prognosis for macroeconomics

The global financial crisis prompted the field of macroeconomics to rethink its methods. In this Director's Cut of 'The Sound of Economics', Bruegel deputy director Maria Demertzis addresses the changes made and the problems still unresolved, in conversation with Nicola Viegi, South African Reserve Bank professor of monetary economics at the University of Pretoria, and Frank Smets, director general of economics at the European Central Bank.

By: Date: May 15, 2018 Topic: Macroeconomic policy


The global financial crisis exposed flaws in the methods and theories of macroeconomics. Certain aspects of the crisis were completely unexpected; other burgeoning problems were flagged up but explained away, and thus allowed to get worse.

As the profession seeks to reinvent itself post-crisis and reassert its worth, what exactly has been learned and what changes have been made to the practice of macroeconomics? New models appear to be flourishing, but debate continues over  whether we have improved our understanding and mitigated the potential for misreading the results that these models present.

In this Director’s Cut of ‘The Sound of Economics’ podcast, Bruegel deputy director hosts a conversation with Nicola Viegi, South African Reserve Bank professor of monetary economics at the University of Pretoria, and Frank Smets, director general of economics at the European Central Bank.

For further reading on this topic, consider our overview of the ‘Rebuilding Macroeconomic Theory Project’  recently concluded by the Oxford Review of Economic Policy, written by Konstantinos Efstathiou.

 

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Podcast

Podcast

Job quality is about more than working conditions

What is job quality and why does it matter?

By: The Sound of Economics Topic: Inclusive growth Date: May 19, 2022
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Podcast

Podcast

The cost of China's dynamic zero-COVID policy

What does zero-COVID mean for both China and the global economy?

By: The Sound of Economics Topic: Global economy and trade Date: May 11, 2022
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Past Event

Past Event

What is in store for Euro area economies?

ECB Executive Board Member Philip Lane discusses the outlook for Euro area economies.

Speakers: Maria Demertzis and Philip Lane Topic: European governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: May 5, 2022
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Podcast

Podcast

Global trade Down Under

A conversation on the global trading landscape.

By: The Sound of Economics Topic: Global economy and trade Date: May 4, 2022
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Podcast

Podcast

War in Ukraine: What is the effect on Central and Eastern Europe?

How is the war in Ukraine affecting the countries in the central and eastern parts of Europe, the countries that are closest to the ongoing conflict?

By: The Sound of Economics Topic: European governance Date: April 26, 2022
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Podcast

Podcast

War in Ukraine: sanctions on Russia two months in

A further look into sanctions on Russia and the implications for the global financial system.

By: The Sound of Economics Topic: Banking and capital markets, European governance Date: April 22, 2022
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Podcast

Podcast

Making remote work, work

How do we address the challenges of remote work? Lessons from both sides of the Atlantic.

By: The Sound of Economics Topic: Inclusive growth Date: April 13, 2022
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Podcast

Podcast

War in Ukraine: The EU’s ban on Russian coal

A live podcast on energy sanctions on Russia following the EU ban on Russian coal.

By: The Sound of Economics Topic: Green economy Date: April 6, 2022
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Podcast

Podcast

What to expect from China's innovation drive?

How much has China progressed technologically?

By: The Sound of Economics Topic: Digital economy and innovation, Global economy and trade Date: April 6, 2022
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Podcast

Podcast

War in Ukraine: How to make Europe independent from Russian fossil fuels?

Can REPowerEU make sure that Europe has affordable and secure energy supplies in both the near and long term?

By: The Sound of Economics Topic: European governance Date: March 31, 2022
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Past Event

Past Event

Tackling future risks to banks

How to address vulnerabilities in banks in the coming years?

Speakers: Maria Demertzis and Elizabeth McCaul Topic: Banking and capital markets Date: March 29, 2022
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Podcast

Podcast

Online labour: Can we all just move to Tahiti?

How is online labour different from remote work?

By: The Sound of Economics Topic: Digital economy and innovation Date: March 23, 2022
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