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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Episoder(93)

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

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

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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...

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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...

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

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

Everyday, we participate in seemingly arbitrary but essential choices for society to function. We all agree on what side of the road to drive on, to use paper currency, or to speak the same language. ...

10 Des 202523min

Rerun: Ep63 “What Explains the Growth of Private Equity? A Different Perspective” with Ludovic Phalippou

Rerun: Ep63 “What Explains the Growth of Private Equity? A Different Perspective” with Ludovic Phalippou

This holiday week, All Else Equal is looking back at its episode on the growth of private equity with Ludovic Phalippou. Private markets have taken off in the last couple decades, with more investors ...

26 Nov 202535min

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

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

Historically, the U.S. has had a habit of overestimating the capabilities of its enemies. Why? Is this an intentional security strategy? Or does the U.S. need to change the way it gathers enemy intell...

12 Nov 202533min

Ep67 Real Talk on Rent Control: Its Pros and Cons

Ep67 Real Talk on Rent Control: Its Pros and Cons

As the 2025 municipal elections approach, the New York City mayoral race has garnered national buzz, with one issue particularly capturing attention: rent control. On this episode, hosts and finance p...

29 Okt 202527min

Ep66 When (and When Not) To Listen to Investment Advice

Ep66 When (and When Not) To Listen to Investment Advice

Solicited or not, advice on where to invest your money seems to be around every corner these days. But determining whether the advice is credible and worth listening to can be challenging. On this epi...

15 Okt 202526min

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