Listen to the brightest minds in the field of economics and development discuss their latest research and deconstruct global economic trends. IMF Podcasts are also available on digital platforms such as iTunes, SoundCloud and Libsyn, and free to use for broadcasters, educators and institutions. 

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Losing Your Cool: How Hotter Days Can Increase Crime and Disrupt Economies

March 15, 2018

Weather shocks are increasing violent crime. (iStock by Getty Images/oneword)

Some economists would argue that extreme weather can increase criminal behavior by reducing incomes—especially in the agriculture sector. But in this podcast, economist Gordon McCord says the psychological effect of higher temperatures on violent behavior plays a prominent role. McCord is coauthor of a study that uses data from homicides in Mexico spanning 15 years, and considers the impact of a cash transfer program on reducing interpersonal violence on hot days. He presented his research at the 2018 American Economic Association’s Annual Meeting in Philadelphia.

Gordon McCord, assistant Professor at the School of Global Policy and Strategy at the University of California in San Diego. 

Good for Women Good for Growth: Closing Nigeria’s Gender Gap

March 8, 2018

Policies to invest in human capital that target women will reduce gender gap in education and boost Nigerian economy. (photo: peeterv/iStock by Getty)

Promoting gender equality can be an economic game changer. The IMF’s latest economic review of Nigeria’s economy says closing the gender gap would mean higher growth and productivity, and greater economic stability. In this podcast, IMF economist and coauthor, Monique Newiak, says Nigerian women could help transform the economy given the chance. The report shows Nigeria suffers from wide-spread gender inequality and is therefore missing out on a key ingredient to economic success. Newiak says reducing gender inequality could boost growth by one and one-quarter percent on average.

Monique Newiak, is an economist in the IMF’s Africa department and coauthor of Nigeria’s latest economic review, that includes a study on The Macroeconomic Costs of Gender Inequality in Nigeria.

Nigeria Exits Recession and Looks Beyond Oil

March 7, 2018

Nigeria needs to increase non-oil revenues. (photo: iStock by Getty Images)

Nigeria’s economy is picking up according to the IMF’s latest economic review. Growth hit 0.8 percent in 2017 after contracting by 1.6 percent in 2016. The report attributes the increase—in part—to the recent recovery in oil prices. But as the country emerges from recession, the IMF’s Amine Mati says following through on planned reforms regardless of oil price swings and upcoming elections, is key to lifting Nigeria’s growth rates to where they should be. Mati heads the IMF team for Nigeria and oversaw this latest economic assessment.

Amine Mati, IMF mission chief and senior resident representative in Nigeria

James Cust on Oil Discoveries: Managing Expectations

February 23, 2018

Offshore oil rig (photo: Finance and Development Dec 2017)

Major discoveries of oil and gas deposits have always been cause for celebration in developing countries, in anticipation of the potential financial windfall. But research has shown that countries with abundant revenues from natural resources often tend to have less economic growth and more social problems than do non-resource-rich countries. And in this podcast, World Bank economist James Cust says in many cases, economic growth begins to underperform long before the first drop of oil is ever produced. Cust and David Mihalyi of the Natural Resource Governance Institute, coauthored The Presource Curse, published in the December 2017 edition of the IMF’s Finance and Development magazine.

James Cust is an economist in the Office of the Chief Economist for Africa at the World Bank and an external research associate at the University of Oxford.

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A Dream Deferred: Inequality Across Generations in Europe

February 9, 2018

Apprentice learns a trade in Portugal. Learning skills help youth bridge the growing income divide in Europe (photo: Tim Brakemeier/DPA/Newscom).

Incomes for Europe’s youth declined after the 2007 global financial crisis—largely due to unemployment. And while things have recovered somewhat, the trend toward short-term work and less stable jobs has meant incomes have not grown and young people are now more likely to fall into poverty. Meanwhile, Europeans 65 and older have seen incomes increase by 10 percent. New research by IMF staff looks at this Growing Inequality and Poverty Across Generations in Europe, and how it could have long term effects on Europe’s economy. In this podcast, coauthor Alexander Pitt says when the young are better off, we’re all better off.

Alexander Pitt, Senior Economist in the IMF’s European department, and co-author of A Dream Deferred: Inequality and Poverty Across Generations in Europe.

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