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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