Economics Detective Radio
About This Show
Economics Detective Radio is a podcast about markets, ideas, institutions, and all things related to the field of economics. Episodes consist of long-form interviews, and are generally released on Fridays. Topics include economic theory, economic history, the history of thought, money, banking, finance, macroeconomics, public choice, Austrian economics, business cycles, health care, education, international trade, and anything else of interest to economists, students, and serious amateurs interested in the science of human action. For additional content and links related to each episode, visit economicsdetective.com.
Most Recent Episode
Financial Crises, Politics, and Interest Groups with Jake Meyer
< 1 day ago
My guest today is Jake Meyer of California State University, Long Beach. We discuss Jake's work on the intersection of financial crises and politics. Jake's work explores important questions such as the interaction between interest group politics and financial and currency crises. A country's monetary authority needs to manage both the domestic labour market and the country's exchange rate, but particular interest groups tend to favour one over the other very strongly. If one of these interest groups becomes disproportionately influential in national politics, they can affect monetary policy in ways that lead to crises. For instance, if a group that cares about the domestic economy and not the exchange rate takes power, they can push the monetary authority into causing an exchange rate crisis. If a group that cares exclusively about the exchange rate takes power, they can push the monetary authority to ignore the domestic economy to the point that it causes a banking crisis. Jake's work also looks at the way countries learn in the wake of financial crises. He looks at the change in the growth rate of credit before and after a crisis, and he finds that things like the number of veto players and the independence of the central bank impact this change. Check out Jake's Quora account, where he answers many questions related to economics.
Episodes of This Show
7 days ago
Rated 5 out of
Great interviews about economics. The informal style of conversations with interesting people makes for a fun listen. I especially like the episode on vampire and zombie economics, and the more recent one on experimental economics and norms.
Date published: 2015-03-04