Every week, we discuss topical economic themes from a European perspective and provide perspective on key macro data news.
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Writer Doug Bost and musician Adam Bernstein discuss the things that grown men shouldn’t care about -- but these guys do. What’s on the table? Only fun stuff. Episodes focus on all aspects of the comic book universe, from the warehouse of a professional comic book hoarder to interviews with some of the greatest comics creators alive -- Neal Adams, Klaus Jansen, Chris Claremont, and more. With frequent guests, Doug and Adam also cover movies, music, classic TV, and important topics like, “Wha ...
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Economic Consequences of Europe’s New Geopolitical Situation, with Moritz Schularick
37:52
37:52
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37:52Join us on as we delve into the economic consequences of Europe's evolving geopolitical landscape with our guest Moritz Schularick, President of the Kiel Institute for the World Economy. Together, we tackle the pressing issues arising from an imperialistic Russia, uncertain US commitments, and China's strategic maneuvers. Tune in to understand the …
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Is Germany’s Industrial Slowdown About to Spiral?
17:54
17:54
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17:54Germany's industrial powerhouse has long been the backbone of Europe’s economy. But after years of steady growth, manufacturing activity has been on a downward trajectory since 2018. Could this decline suddenly accelerate due to "cluster effects" and local economies of scale unraveling? In this episode, we dive into the forces shaping Germany’s ind…
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We discuss the effects of tariffs on consumers and producers, drawing on evidence from the tariff war during the first Trump administration. The empirical evidence shows that import tariffs led to increases in domestic prices, reductions in import quantities and a reduction in product variety. This coupled with additional adverse effects on global …
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Join our discussion of the ECB's decisions and communication following its rate setting meeting on January 30, 2025 and learn about the outlook for Euro Area growth, inflation and interest rates.By Klaus Adam and Dirk Schumacher
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Getting Germany Back on Track - with Clemens Fuest (Ifo Institute)
38:27
38:27
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38:27In this episode, we welcome Clemens Fuest, President of Germany's Ifo Institute, for an in-depth discussion on economic challenges and the urgent reforms needed to get Germany back on track. We dissect (i) what’s behind Germany's economic underperformance compared to its Euro Area peers, (ii) whether the upcoming elections deliver a chance for econ…
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Episode 108: Ep 108: The Spectacular Creatures of Christmas!!
15:37
15:37
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15:37Happy holidays from your team at Grown Ass Industries! Our specialists have been working long hours crafting one more burst of epic nerdery before the end of the year, and here it is: Your dedicated representatives, Adam and Doug, are sharing gifts with each other in our latest episode. They’re also standing by our toll-free phone lines 24/7 for yo…
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Episode 107: Ep. 107 - Deadpool and Wolverine
30:24
30:24
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30:24‘Deadpool & Wolverine’. That ampersand is significant, isn’t it? Because it could have been ‘Deadpool vs. Wolverine’, but the truth is a little more snuggly than that. These dudes are a match made in Marvel Heaven and in our latest episode, only 6 months late, we break down all the ways grown ass men felt about 2024’s blockbuster. Put this one in y…
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The Role of Innovation for Society, with Prof. Dan Breznitz
50:50
50:50
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50:50Join us as we discuss with Dan Breznitz from the University of Toronto the difference between invention & innovation, the various stages of innovation and what different stages imply for the distribution of income across society. We also look at the role that innovation agencies and universities play in fostering innovation and how the divide betwe…
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Global Value Chains Under Pressure: What Future for Them? With Gabriel Felbermayr
38:31
38:31
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38:31Join us as we discuss with Professor Gabriel Felbermayr, President of the Austrian Institute of Economic Research, the forces reshaping the intricate web of global value chains. Geopolitical tensions, mounting tarrifs and regulatory crackdowns put pressure on global economic exchange and Gabriel shares his expert insights on what the future holds a…
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Outlook on the Political Future in France, with Hadrien Camatte (Natixis)
16:57
16:57
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16:57In this episode, Dirk Schumacher sits down with Hadrien Camatte from Natixis to dive deep into the fallout of the Barnier government’s collapse. - Can President Macron cobble together a new government? - What were Marine Le Pen’s motivations for toppling Barnier, and what does it mean for France’s political future? - As parliamentary elections loom…
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The Political Transition in Germany: Economic Challenges
21:00
21:00
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21:00Dive into the turbulent world of German politics as we unpack the dramatic collapse of the ruling coalition and what lies ahead in the upcoming elections. While disagreements over economic policies led to the coalition's downfall, the challenges remain unchanged: high corporate taxes, surging labor costs, and stifling bureaucratic inefficiencies. W…
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Will Euro Area Inflation Fall Below the ECB's Target?
19:23
19:23
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19:23In this episode, we explore the inflation outlook for the Euro Area, honing in on whether medium-term inflation could once again fall short of the ECB's target, as it did before the pandemic. While there’s little evidence in current data to suggest an imminent undershoot—thanks to robust wage growth, persistent service price inflation, and ample ro…
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Fiscal Consolidation in Europe: How to Achieve It? With Roel Beetsma (University of Amsterdam)
36:33
36:33
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36:33Join us this week as we tackle a pressing issue facing the Euro Area: fiscal consolidation. With debt-to-GDP ratios near historic highs in many economies, reducing deficits is critical—but not without risks to economic growth. Our special guest, Roel Beetsma, Professor of Macroeconomics at the University of Amsterdam, offers his insights on questio…
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The Future of Europe's Auto Industry, with Valentin Mory (Natixis)
24:35
24:35
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24:35Join us to dive into the challenges and transitions facing Europe’s car industry. Together with Valentin Mory, mobility expert from Natixis, we explore the shifting landscape of electric vehicles (EVs), China's lead in battery technology, and the future of internal combustion engines. Will Europe keep pace with China’s rapid electrification? Can ca…
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Europe's Growth and Productivity Slowdown Since 2009
23:52
23:52
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23:52Have you ever wondered why Europe's economic growth seems stuck in slow motion? Join us as we explore the mystery of Europe's lagging economic growth. We break down the complex factors at play from sluggish investment to slow productivity growth, discuss the struggle to keep pace with the US tech boom, and Europe's shortcomings in fostering innovat…
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New Insights into the Gains from International Trade, with Andrei Levchenko (University of Michigan)
38:38
38:38
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38:38Join Dirk Schumacher and Klaus Adam on "The Week That Was in Europe" as they welcome Professor Andrei Levchenko, a leading expert on international trade, to discuss new insights into the gains from international trade, the benefits & drawbacks of tariffs + export subsidies, and international technology transfer. Tune in to "The Week That Was in Eur…
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Review of the ECB Meeting - September 2024
12:23
12:23
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12:23We provide our perspective on the ECB’s policy meeting: markets expected the ECB's rate cut, the real focus was on the path for interest rates going forward.By Klaus Adam and Dirk Schumacher
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Germany's Economy: Stuck in Post-Pandemic Limbo?
15:20
15:20
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15:20In this week's episode of The Week That Was in Europe, hosts Dirk Schumacher and Klaus Adam return from their summer break to analyze Germany's economic underperformance. Why has Europe’s largest economy stagnated post-pandemic, while its neighbors surge ahead? From sluggish consumer spending to declining investments and rising energy costs, they e…
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Episode 106: Ep. 106 - Special DeMultiverse Episode (w special guest J.M. DeMatteis)
18:59
18:59
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18:59Attention, true believers! We’ve just dropped a very special, no-nonsense, get-in-get-out episode of Grown Ass Men, all about the new work by our friend J.M. DeMatteis. JM makes his pitch for why you should support his new Kickstarter, and also talks about what can happen when hundreds of people contribute to the world of a single fictional charact…
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The French Elections Unpacked, with Hadrien Camatte (Natixis)
28:31
28:31
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28:31Today, we dive into the aftermath of the French parliamentary elections – a pivotal event that has captured the attention of financial markets and the broader public across Europe. To help us navigate the complexities of the outcome and the future implications, we have a special guest, Hadrien Camatte. Hadrien is an expert on the French economy at …
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The Impact of AI on Finance & Central Banks, with Hyun Shin (BIS)
56:25
56:25
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56:25We dive into the transformative world of Artificial Intelligence and its impact on the financial sector and central banks. AI's rapid advancements and diverse applications are creating a veritable AI bonanza, reshaping the economy and financial systems globally. Join us as we explore these changes with Hyun Shin from the Bank for International Sett…
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Euro Area Inflation Expectations, with Ricardo Reis (London School of Economics)
33:35
33:35
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33:35In today's epsiode, we dive deep into the economic dynamics shaping the Eurozone focusing on a critical issue: inflation expectations. We uncover what financial markets can reveal about the of future inflation and also discuss evidence coming from investor and household surveys. We're thrilled to have Ricardo Reis join us today. Ricardo is the A.W.…
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Episode 105: Ep. 105 - Signed, Sealed, Delivered, We’re Nerds
31:28
31:28
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31:28There are men who carelessly skip over the letters pages in old comic books. But that’s not Doug or Adam. And it certainly isn’t JM DeMatteis, our charming, returning fan-favorite guest. On this episode, we all dive into the best letters ever published in comics, (yes, including the first writing George RR Martin ever had in print) and JM talks abo…
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The Return of the State in International Lending, with Christoph Trebesch (Kiel Institute)
29:22
29:22
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29:22In today's episode we dive into the complex world of state-based international lending. Recent years have seen a resurgence in cross-border state lending, highlighted by the significant financial support Ukraine has received from Western countries and China's growing role as a global lender. Additionally, central bank swap lines have become a commo…
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Decoding the European Election Results, with Sophia Russack (CEPS)
24:58
24:58
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24:58Join us today as we delve into the results of the European elections and their far-reaching consequences. We have the pleasure of speaking with Sophia Russack from the Centre of European Policy Studies (CEPS) in Brussels. Sophia is an expert in European politics and policy making, making her the perfect guest to shed light on the European election …
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The ECB has cut rates by 0.25% in its June meeting for the first time in many years. This happened despite forecasts of inflation having been revised slightly upwards. We review the reasoning behing this decision and the outlook for rates going forward.By Klaus Adam and Dirk Schumacher
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Europe's Single Market Under Stress – with Roman Arjona (European Commission)
37:36
37:36
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37:36Join us for an insightful discussion with Roman Arjona, Chief Economist at the European Commission’s Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs. We'll delve into the current state and future of Europe's Single Market, exploring how it compares to the US and the challenges it faces in a changing global trade landsca…
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Join us as we discuss the outlook for ECB policy rates for the upcoming June policy meeting and thereafter. We put perspective on recent Euro Area growth numbers, consumer spending dynamics, and the inflation outlook. While a June rate cut looks likely, uncertainty about policy rates beyond June appears substantial. Currently available data suggest…
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Fiscal Policy Challenges in Germany - with Thiess Buettner
32:09
32:09
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32:09Join our interesting discussion with Prof. Thiess Buettner, Chairman of the Independent Advisory Board of the German Stability Council, about fiscal policy challenges in Germany.By Klaus Adam and Dirk Schumacher
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Risks of a High Debt and High Interest Rate World - with Vitor Gaspar (IMF)
36:02
36:02
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36:02Countries across Europe and the United States have witnessed a significant surge in government debt and interest rates in the aftermath of the Covid-19 pandemic. Join us as we engage in a conversation with Vítor Gaspar, Director of the IMF's Fiscal Affairs Department, about possible stability risks confronting government finances and the need to ma…
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The Neutral Interest Rate: A Moving Target
18:31
18:31
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18:31The neutral rate is relevant for understaning the stance of monetary policy and for the fiscal outlook, as it determines the financing conditions for government debt. We explain how the neutral rate is defined, discuss its economic determinants and provide estimates of how it has changed since the pre-pandemic period. Increased government debt supp…
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We review the fiscal position of France, Germany, Italy and Spain, discuss the need for consolidation and how it could be implemented with minimal harm to output.By Klaus Adam and Dirk Schumacher
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Provided wage growth moderates and inflation develops as expected, the ECB will start cutting interest rates in June. We discuss the uncertainties around this outlook and recent headwinds on the inflation front.By Klaus Adam and Dirk Schumacher
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Episode 104: Ep. 104: The Alex Maleev interview
28:44
28:44
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28:44When Alex Maleev paints Daredevil, you can feel the sweat in that red suit. When he sketches Miles Morales you might get worried Miles is gonna fall off that building. We know and love his art from Spider-Woman, Moon Knight, Batman, Hellboy, and the Scarlet series, many created with Brian Michael Bendis. But we also know Alex because he lives here …
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The EU’s Disastrous Carbon Border Adjustment Mechanism (CBAM), with Harald Fadinger
38:22
38:22
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38:22We discuss with Prof. Harald Fadinger (University of Mannheim) how the EU taxes the carbon content of imported goods via its Carbon Border Adjustment Mechanism (CBAM). We critically review the effectivenes of CBAM to prevent "carbon leakage", i.e., the international reallocation of production to locations with low carbon prices, and its effect on t…
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Overcoming Weak Growth in Germany, with Veronika Grimm
42:19
42:19
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42:19We discuss with Veronika Grimm (German Council of Economic Experts) about lifting Germany's long-run growth potential. We focus on measures that increase labor supply, human capital formation and the role of long-run electricity prices.By Klaus Adam and Dirk Schumacher
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The @ecb is getting close to cutting interest rates: it signaled following it March 7 Governing Council Meeting its readiness to start cutting rates in June, if everything goes according to plan.By Klaus Adam and Dirk Schumacher
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Productivity Developments in France, with Alain Durré (France Stratégie)
27:07
27:07
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27:07We talk about recent trends and future challenges for productivity growth in the French economy. Our guest, Alain Durré, is Head of the Macroeconomics and Europe Division at the Bureau of the French Prime Minister and Rapporteur Général of the French National Productivity Board.By Klaus Adam and Dirk Schumacher
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How Much of the Decline in Inflation Is Due to ECB Policy?
25:02
25:02
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25:02Euro Area inflation fell like a rock: from the peak of 10.6%, reached in October 2022, it dropped to levels below 3% a year later. We analyze how much of this decline can be attributed to policy tightening by the ECB. We find that the direct effect of ECB policy is likely small. ECB policy may have had important indirect effecta via anchoring infla…
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Optimal Government Debt Dynamics: Lessons from the Literature
22:14
22:14
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22:14We present the main academic insights about how government debt should evolve over time, if the government seeks to maximize social welfare. We discuss (i) how to deal with positive/negative expenditure surprises, (ii) how refinancing risk, due to interest rate risk, impacts optimal government debt dynamics, and (iii) the optimal long-run level of …
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Critical Minerals for Europe: A Conversation With Bernard Dahdah
36:42
36:42
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36:42We talk with Bernard Dadah (Head of Commodity Research, Natixis) about critical minerals. What are these? How big of market do they have? Who mines and refines them? What can the EU's Critical Raw Materials Act (CRMA) achieve?By Klaus Adam and Dirk Schumacher
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Macroeconomic Forecasting at the ECB, with Oscar Arce (Director General Economics)
48:38
48:38
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48:38We discuss with the ECB's Director General for Economics Oscar Arce about the Euro Area's macroeconomic outlook, the ECB's past forecast errors, the way forecasts are produced at the ECB and the difficulties associated with producing macroeconomic projections. A true tour de force through the topic!By Klaus Adam and Dirk Schumacher
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We review the ECB's assessement of the economic situation & the outlook for policy rates going forward.By Klaus Adam and Dirk Schumacher
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We take stock of Germany's recent underperformance relative to its European peers and analyze its sources. We identify (real) household income dynamics as one of the main drivers.By Klaus Adam and Dirk Schumacher
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Episode 103: Ep. 103: The Steranko Handshake
28:16
28:16
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28:16On this episode, find out why Doug and Adam will NEVER interview Jim Steranko—and why we love him anyway. Artist, writer, historian, magician, escape artist, musician, character designer of Indiana Jones, character designer of Coppola’s Dracula, and owner of an amazing head of hair, there is only one Steranko. We met him at Comicon this year and he…
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