The US-Centric International Economic System after World War II | Steven Davis, Maurice Obstfeld | Hoover Institution

The US-Centric International Economic System after World War II | Steven Davis, Maurice Obstfeld | Hoover Institution

Since the end of World War II, the United States has played the leading role in designing, supporting, and governing the international economic system. How did the system operate, and what were its underlying principles, goals, and challenges? Steven Davis speaks to Maurice Obstfeld about the international economic system that emerged after World War II, the central role of the United States, and how the positive-sum nature of the system fostered prosperity. They consider how the system functioned in the Bretton Woods era, the Nixon Shock of 1971, high inflation in the 1970s, transition to sound monetary policy in the 1980s, and how the U.S. Dollar became even more central to the system in the 1990s.

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ABOUT ECONOMICS, APPLIED

Economics, Applied brings together top leaders and researchers to break down key economic developments, offering evidence-based insights and practical lessons for navigating today’s economy. Economic change is constant. Subscribe to keep up: hoover.org/podcasts/economics-applied.

Episoder(49)

Online Buddies for Jobseekers | Steven J. Davis, Michèle Belot, Philipp Kircher | Hoover Institution

Online Buddies for Jobseekers | Steven J. Davis, Michèle Belot, Philipp Kircher | Hoover Institution

When job loss leads to a long spell of unemployment, it causes a big blow to self-esteem, a lasting drop in living standards, and serious hardship for the job loser’s family. Is there a low-cost way t...

22 Apr 49min

The Economic Price of War | Steven J. Davis, Jonathan Federle, Moritz Schularick | Hoover Institution

The Economic Price of War | Steven J. Davis, Jonathan Federle, Moritz Schularick | Hoover Institution

How does war affect national output, productivity, and consumer prices in belligerent countries and economies worldwide? Two economists, Jonathan Federle and Moritz Schularick, investigate how war and...

8 Apr 55min

America’s Mid-Life Mortality Gap | Steven J. Davis, Jonathan Skinner | Hoover Institution

America’s Mid-Life Mortality Gap | Steven J. Davis, Jonathan Skinner | Hoover Institution

Mortality rates fell sharply for college-educated Americans in recent decades but not for other Americans. Mortality trends also differ sharply between rural and urban areas of the United States and a...

25 Mar 29min

Tariffs and Trade Deficits | Steven J. Davis, Brent Neiman | Hoover Institution

Tariffs and Trade Deficits | Steven J. Davis, Brent Neiman | Hoover Institution

Tariffs: How high? Who pays? And what’s their impact on trade deficits? Steven Davis speaks to Brent Neiman about President Trump’s approach to tariff policy and the latest data on trade deficits. Whi...

25 Feb 57min

What Next for Venezuela? | Steven J. Davis, Ricardo Hausmann | Hoover Institution

What Next for Venezuela? | Steven J. Davis, Ricardo Hausmann | Hoover Institution

US military forces captured Nicolás Maduro last month, but the Chavista regime remains intact, at least for now. How can Venezuela find its way back to the rule of law, human rights, democracy, and pr...

11 Feb 50min

From Asia, with Skills and Aspirations | Steven Davis, Gaurav Khanna | Hoover Institution

From Asia, with Skills and Aspirations | Steven Davis, Gaurav Khanna | Hoover Institution

The United States has looked to Asia for software developers, scientists, engineers, and physicians in recent decades. How has that worked out for Americans? For other countries?  Immigrants from five...

28 Jan 56min

The Licensing Racket, and How to Fix It | Steven Davis, Rebecca Haw Allensworth | Hoover Institution

The Licensing Racket, and How to Fix It | Steven Davis, Rebecca Haw Allensworth | Hoover Institution

The U.S. occupational licensing system is riddled with problems and conflicts of interest. How can we fix it? Rebecca Allensworth joins Steven Davis to talk about her new book on occupational licensin...

28 Jan 54min

Cool New Work on Remote Work | Steven Davis, Nicholas Bloom | Hoover Institution

Cool New Work on Remote Work | Steven Davis, Nicholas Bloom | Hoover Institution

Nicholas Bloom joins Steven Davis to discuss cool new research presented at the annual Hoover-SIEPR conference on remote work: How much do employers save on wages when they let employees work from hom...

10 Des 202538min

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