Ep53 “The Truth About Inflation and Price Caps: Learn From Argentina” with Veronica Rappoport

Ep53 “The Truth About Inflation and Price Caps: Learn From Argentina” with Veronica Rappoport

During the 2024 U.S. presidential election, inflation was one of the most talked about issues, and there was one policy idea to get inflation under control that kept coming up: price caps. But history has shown time and time again that price caps do anything but reduce inflation. So why do policymakers still want to try it?

In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen speak with guest Veronica Rappoport, associate professor at London School of Economics and former 2nd Deputy Governor of the Central Bank of Argentina. Veronica served as the deputy governor during a key period of high inflation for Argentina.

She chats with Jonathan and Jules about the circumstances that can lead to inflation rates as high as the ones Argentina has seen in the last 50 years, how band-aids like price caps can in fact make inflation significantly worse in the long run, and what lessons countries like the U.S. can take from Argentina’s case.

Find All Else Equal on the web:
https://lauder.wharton.upenn.edu/allelse/

All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.


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Rerun: Ep69 “The Science Behind Why We Don’t Just Say What We Mean” with Psychologist Steven Pinker - Part 2

Rerun: Ep69 “The Science Behind Why We Don’t Just Say What We Mean” with Psychologist Steven Pinker - Part 2

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Rerun: Ep69 “The Science Behind Why We Don’t Just Say What We Mean” with Psychologist Steven Pinker - Part 1

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All Else Equal is taking a short break over the summer and will be revisiting some of our favorite conversations from last season. The show will be back with new episodes soon.  Everyday, we participa...

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Rerun: Ep68 “Is It Better to Overestimate or Underestimate Your Enemies?” with H.R. McMaster

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All Else Equal is taking a short break over the summer and will be revisiting some of our favorite conversations from last season. The show will be back with new episodes soon.  Historically, the U.S....

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Ep78 “What’s Wrong With Taxing Billionaires More?” with Joshua Rauh

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A proposed constitutional amendment on the ballots in California this November will impose a one-time 5% wealth tax on billionaires. Proponents of the amendment say it will bring upwards of $100 billi...

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Rerun: Ep65 "Will Future AI Systems Operate Like The Human Brain? It’s Complicated” with Jeff Hawkins

Rerun: Ep65 "Will Future AI Systems Operate Like The Human Brain? It’s Complicated” with Jeff Hawkins

This episode originally aired previously and is being re-shared due to its continued relevance. Enjoy this conversation with Jeff Hawkins on intelligence, neuroscience, and the future of AI. With grow...

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Ep77 The Academic Journal System is Broken, Here’s How to Fix It

Ep77 The Academic Journal System is Broken, Here’s How to Fix It

How should academic discourse take place? Is it time to update the antiquated journal system?  In the season finale, hosts and finance professors Jonathan Berk and Jules van Binsbergen tackle the prob...

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Rerun: Ep46 "May Contain Lies" with Alex Edmans

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This week, we’re revisiting our ever-timely and fascinating conversation around misinformation with London Business School professor Alex Edmans. All Else Equal will be back with a new episode in two ...

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Ep76 “How Should You Deal with Uncertainty in Today's World?” with Nick Bloom

Ep76 “How Should You Deal with Uncertainty in Today's World?” with Nick Bloom

What do measures of uncertainty tell us about the state of the economy and how should firms and households use those measurements to inform decision-making? Hosts and finance professors Jonathan Berk ...

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