Michael Kremer: Investing in Vaccines Now Would Buy Time, Save $Billions
IMF Podcasts20 Loka 2020

Michael Kremer: Investing in Vaccines Now Would Buy Time, Save $Billions

In the early 2000s, Nobel Laureate, Michael Kremer helped develop the design of advance market commitment models (AMCs). They were used to incentivize the private sector to work on issues of relevance for the developing world by pledging that if they developed an appropriate vaccine, funds would be available for those countries to purchase it. The approach resulted in billions of dollars being devoted to pneumococcal vaccines for strains common in developing countries, saving hundreds of thousands of lives. Kremer's latest research focuses on how to expedite the production and distribution of the COVID-19 vaccines immediately following successful medical trials. In this podcast, Kremer says at-risk investment into vaccine manufacturing capacity before clinical approval would advance vaccine distribution by 6 months or more. Transcript

Michael Kremer is Professor in Economics at the University of Chicago, and director of the Development Innovation Lab. He shared the Nobel Memorial Prize in Economics in 2019 for his work on experimental approaches to alleviating global poverty. He was invited by the Institute for Capacity Development to present this latest research to IMF economists.

Check out the University of Chicago's podcast Pandemic Economics

Jaksot(690)

Taxing Bad Habits: Christoph Rosenberg

Taxing Bad Habits: Christoph Rosenberg

While it is true that death and taxes are unavoidable, good tax policies can help delay the inevitable. So-called sin taxes on alcohol, tobacco, sugar, and other harmful products can raise revenues an...

22 Huhti 19min

Amadou Sy on Why Africa is Keeping its Debt Closer to Home

Amadou Sy on Why Africa is Keeping its Debt Closer to Home

African economies began tapping into overseas markets for funding in the early 2000s, after debt burdens had been alleviated by the Highly Indebted Poor Countries (HIPC) Initiative. However, surging i...

12 Maalis 17min

The Debt Reckoning: Rodrigo Valdés and Era Dabla-Norris

The Debt Reckoning: Rodrigo Valdés and Era Dabla-Norris

Unprecedented debt levels are pressing governments to make tough choices. While aging populations demand more public spending, resources are stretched thin, and the days of cheap borrowing that allowe...

2 Maalis 25min

Johan Norberg on What Makes and Breaks Golden Eras

Johan Norberg on What Makes and Breaks Golden Eras

The most prosperous of civilizations were the most open. The Romans, for example, expanded their empire by integrating the populations they conquered, creating a melting pot of new ideas. Johan Norber...

5 Helmi 21min

Enrico Letta: Harnessing Europe's Single Market

Enrico Letta: Harnessing Europe's Single Market

There is strength in numbers, and the idea of European integration through a single market was to capitalize on the EU as a whole. However, the single market is a product of the early 90s, and EU memb...

28 Tammi 22min

Claudia Sahm on how Private Data can Augment Official Statistics

Claudia Sahm on how Private Data can Augment Official Statistics

While official statistics compiled by government agencies are still considered the most reliable, policymakers are increasingly using private data to get around their limitations. Claudia Sahm is a fo...

18 Joulu 202521min

Governor Chang Yong Rhee on Bank of Korea's Innovative Approach

Governor Chang Yong Rhee on Bank of Korea's Innovative Approach

Price stability is the main goal for central banks, and monetary policy is how they achieve it. However, societies are always in flux, and central bankers who pay close attention to emerging trends ar...

10 Joulu 202520min

Pablo Peña on why AI is No Match for Human Capital

Pablo Peña on why AI is No Match for Human Capital

While artificial intelligence continues to outperform our human abilities in many areas, Pablo Peña believes critical thinking and curiosity are what will keep us in the driver's seat. AI can only dra...

2 Joulu 202518min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
rss-rahapodi
psykopodiaa-podcast
mimmit-sijoittaa
rss-rahamania
hyva-paha-johtaminen
rss-oivalluksia-rahasta-elamasta
rss-lahtijat
rss-paasipodi
rss-inderes
herrasmieshakkerit
rahapuhetta
oppimisen-psykologia
lakicast
rss-startup-ministerio
rss-bisnesta-bebeja
rss-kaikki-somesta
rss-karon-grilli
rss-set-for-life-sijoita-ja-vaurastu
rss-rentotapaus