Ep. 224: Philipp Carlsson-Szlezak and Paul Swartz on Macro Shocks, Crises, and False Alarms

Philipp Carlsson-Szlezak is Boston Consulting Group (BCG)’s Global Chief Economist and a managing director and partner in the firm’s New York office. Paul Swartz is Senior Economist and executive director at BCG. He co-leads the Center for Macroeconomics at the BCG Henderson Institute in New York. They have recently published a new book, ‘Shocks, Crises, and False Alarms: How to Assess True Macroeconomic Risk’. In this podcast, we discuss: 

• Why so many false alarms on recessions? 
• Models vs eclectic approaches 
• How will AI impact economic growth 
• Good tech vs bad tech (for productivity) 
• US vs European approaches 
• How to do fiscal stimulus correctly 
• Why inflation regime has not changed 
• Do high debt levels matter? 
• Convergence bubble – globalisation, democracy, financial risk – ending? 
• End of US dollar? 
• Books mentioned: Fortune’s Formula (Poundstone), An Engine, Not a Camera (Mackenzie) 

You can get their book here. 

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