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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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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Ep75 The Misleading Truth Behind IRR

Ep75 The Misleading Truth Behind IRR

Despite it being widely taught in business schools and practiced in the industry, you should think twice before using the internal rate of return as a criteria for making an investment decision. Hosts...

2 Huhti 26min

Ep74 Is The Financial Sector Good for Society?

Ep74 Is The Financial Sector Good for Society?

What value does a financial sector add to society? How would society function without a financial sector?  In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen make the...

18 Maalis 18min

Rerun: Ep29 “How Do You Become CEO?” with Dirk Jenter

Rerun: Ep29 “How Do You Become CEO?” with Dirk Jenter

All Else Equal is on Spring Break this week, so we’re revisiting one of our most popular episodes dealing with the question: How does one become a CEO? We’ll be back with new episodes in two weeks.  A...

4 Maalis 33min

Ep73 “The Dangers of Group Think on Decision Making” with Adi Sunderam

Ep73 “The Dangers of Group Think on Decision Making” with Adi Sunderam

Whether it be in politics, public health, or corporate finance, why are people more likely to interpret facts or data in a way that fits their preconceived notions about the world as opposed to search...

19 Helmi 33min

Ep72 Alternatives vs. Mutual Funds: Where Should You Put Your Money

Ep72 Alternatives vs. Mutual Funds: Where Should You Put Your Money

In the rapid-moving world of delegated money management, it is important to recognize the differences in how mutual funds and alternative assets operate. When it comes to alternatives, how do these fu...

4 Helmi 31min

Ep71 “The Working From Home Revolution” with Nick Bloom

Ep71 “The Working From Home Revolution” with Nick Bloom

When the pandemic hit in 2020, working from home skyrocketed. Six years later, many companies have returned to in-person work, but hybrid models are still the dominant structure. So with WFH here to s...

22 Tammi 28min

Ep70 "The Science Behind Why We Don’t Just Say What We Mean" with Psychologist Steven Pinker - Part 2

Ep70 "The Science Behind Why We Don’t Just Say What We Mean" with Psychologist Steven Pinker - Part 2

In the final part of this two-part interview, Steven Pinker, an experimental psychologist and Harvard professor, again joins hosts and finance professors Jonathan Berk and Jules van Binsbergen to disc...

7 Tammi 23min

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