How economists lost traction: Experts are struggling in a less predictable world rife with simple and popular answers
https://www.ft.com/content/6e7c6db8-c073-4bb6-9727-50a677dcbf56
The profession can strengthen its foundations by developing cross disciplinary knowledge, real-time data sources and scenario tools to better model a more complex world of fewer constants. But if economists retreat, debates will be dominated by leaders more interested in consolidating power than in sound economic outcomes. The backlash against economics is too consequential to be left for others to resolve.
https://www.ft.com/content/6e7c6db8-c073-4bb6-9727-50a677dcbf56
The profession can strengthen its foundations by developing cross disciplinary knowledge, real-time data sources and scenario tools to better model a more complex world of fewer constants. But if economists retreat, debates will be dominated by leaders more interested in consolidating power than in sound economic outcomes. The backlash against economics is too consequential to be left for others to resolve.
Warnings from the citadel of economic orthodoxy
https://www.ft.com/content/7c1b9427-8062-49f2-995c-b06fcad32159
Gita Gopinath, the IMF’s outgoing number two official, reflects on six tumultuous years for the global economy.
https://www.ft.com/content/7c1b9427-8062-49f2-995c-b06fcad32159
Gita Gopinath, the IMF’s outgoing number two official, reflects on six tumultuous years for the global economy.
Crisis Amplifier? How to Prevent AI from Worsening the Next Economic Downturn
https://www.imf.org/en/News/Articles/2024/05/30/sp053024-crisis-amplifier-how-to-prevent-ai-from-worsening-the-next-economic-downturn
https://www.imf.org/en/News/Articles/2024/05/30/sp053024-crisis-amplifier-how-to-prevent-ai-from-worsening-the-next-economic-downturn