IMF Video: Has the Transmission of US Monetary Policy Changed Since 2022?

Play Video: Has the Transmission of US Monetary Policy Changed Since 2022?

The US economy grew strongly after the Fed hiked rates in 2022. Was this because monetary policy was less effective than usual? Or did other factors just offset it? We show Fed policy was about 25% weaker than usual, but only temporarily.

Published: 23rd Oct 2024 03:17:00   By: IMF

IMF Video: Transforming Social Safety Nets: A Digital Revolution

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This Analytical Corner focuses on how digital technologies are transforming social safety nets in various country settings such as Brazil, DRC, India, Pakistan, Togo, and Türkiye. Join us to discover innovative strategies to identify, verify, and pay social benefits to enhance support for vulnerable households, even in low-capacity settings. Related publication: Expanding and Improving Social Safety Nets Through Digitalization: Conceptual Framework and Review of Country Experiences (IMF Note, December 2023).

Published: 23rd Oct 2024 03:16:51   By: IMF

IMF Video: The Nexus of Climate and Monetary Policy: Evidence from the Middle East and Central Asia

Play Video: The Nexus of Climate and Monetary Policy: Evidence from the Middle East and Central Asia

This paper investigates the effects of climate shocks on inflation and monetary policy in the Middle East and Central Asia (ME&CA) region. We first introduce a theoretical model to understand the impact of climate risks on headline and food inflation. In particular, the model shows how climate shocks could affect the path of policy rates through food prices. We then use local projections to estimate the impact of climate shocks on headline and food inflation. The results show that price stability is more easily achievable under positive climate conditions. Overall, our findings shed new light on the importance of considering climate-related supply shocks when designing monetary policy, particularly in countries where food makes up a significant part of the CPI-basket.

Published: 23rd Oct 2024 03:16:42   By: IMF

IMF Video: The Clock is Ticking: Meeting Sub-Saharan Africa’s Urgent Job Creation Challenge

Play Video: The Clock is Ticking: Meeting Sub-Saharan Africa’s Urgent Job Creation Challenge

Sub-Saharan Africa urgently needs to create jobs for its growing population, especially in fragile and low-income countries. Three main challenges must be tackled: transforming informality, addressing firm growth barriers, and accelerating structural transformation.

Published: 23rd Oct 2024 03:16:33   By: IMF

IMF Video: Harnessing Renewables in Sub-Saharan Africa: Barriers Reforms and Economic Prospects

Play Video: Harnessing Renewables in Sub-Saharan Africa: Barriers Reforms and Economic Prospects

Sub-Saharan Africa needs to increase its electricity production. Leveraging renewable energy, supported by climate finance and policy reforms, can boost both power generation and GDP.

Published: 23rd Oct 2024 03:16:24   By: IMF

World Economic Forum Video: AMGFC24 - Betazone: Keeping AI on Track

Play Video: AMGFC24 - Betazone: Keeping AI on Track

From bespoke gene editing to AI-powered healthcare, we are living in an age of breakthroughs propelled by advances in AI. What are the trade-offs societies and industries need to manage as AI adoption progresses? Speaker: Erik Brynjolfsson, Jerry Yang and Akiko Yamazaki Professor; Director, Digital Economy Lab, Stanford University Host: Zeina Soufan, Senior Anchor, Asharq News This is the full audio from a session at the Annual Meeting of the Global Future Councils 2024 in Dubai on 16, Oct, 2024. Watch it here: https://www.weforum.org/events/annual-meeting-of-the-global-future-councils-2024/sessions/keeping-ai-on-track/ Links: Article based on this session: https://www.weforum.org/agenda/2024/10/ai-augment-rather-than-dictate-human-action/ Related podcasts: Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) : YouTube: (https://www.youtube.com/@wef/podcasts) - https://www.youtube.com/@wef/podcasts Radio Davos (https://www.weforum.org/podcasts/radio-davos) - subscribe (https://pod.link/1504682164) : https://pod.link/1504682164 Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) - subscribe (https://pod.link/1534915560) : https://pod.link/1534915560 Agenda Dialogues (https://www.weforum.org/podcasts/agenda-dialogues) - subscribe (https://pod.link/1574956552) : https://pod.link/1574956552 Join the World Economic Forum Podcast Club (https://www.facebook.com/groups/wefpodcastclub) : https://www.facebook.com/groups/wefpodcastclub

Published: 22nd Oct 2024 09:23:19   By: World Economic Forum

World Economic Forum Video: What Is the Informal Economy? & Sustainable Space Exploration | WEF | Top Stories of the Week

Play Video: What Is the Informal Economy? & Sustainable Space Exploration | WEF | Top Stories of the Week

This week's top stories of the week include: 0:15 What is the informal economy? – Erika Kraemer-Mbula is an expert on alternative development paths. She says the informal economy is more prevalent than many think, two-thirds of overall employment. It touches many areas, from retail to transport, domestic care, and even creative and intellectual labour. 4:49 Sustainable space exploration – Alice Bunn is the former head of the UK’s space agency and now leads UKspace, its space trade association. Billionaire space missions may steal the headlines, Bunn says, but the majority of space programmes benefit everyday lives all over the world. 9:32 AI can help preserve languages – 7,168 languages are spoken in the world today. But one dies out every 40 days. 90% could fall silent forever in the next 100 years. One key problem is that generative AI is trained on just a few of the world’s languages. 14:06 How tech can bridge access to justice – Gerald Abila was raised in Uganda in the 1980s during a period of bloody civil conflict. Abila planned on becoming an engineer. But his studies prompted the question: What’s the most powerful tool we can use to engineer a peaceful society? His answer: the law. _____________________________________________ The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change. World Economic Forum Website ► http://www.weforum.org/ Facebook ► https://www.facebook.com/worldeconomicforum/ YouTube ► https://www.youtube.com/wef Instagram ► https://www.instagram.com/worldeconomicforum/  Twitter ► https://twitter.com/wef LinkedIn ► https://www.linkedin.com/company/world-economic-forum TikTok ► https://www.tiktok.com/@worldeconomicforum Flipboard ► https://flipboard.com/@WEF #WorldEconomicForum

Published: 19th Oct 2024 12:00:37   By: World Economic Forum

World Economic Forum Video: Closing Plenary: Collaboration for the Intelligent Age

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Join this closing plenary to explore how the Global Future Councils can contribute to building intelligent economies and societies as the Annual Meeting of the Global Future Councils draws to a close.

Published: 18th Oct 2024 02:02:14   By: World Economic Forum

World Economic Forum Video: Collaboration in A More Contested World

Play Video: Collaboration in A More Contested World

The current turbulent geopolitical context has seen a rise of conflict and competition and a decline of trust in international systems. As we reach a geopolitical tipping point, how can we build innovative pathways of cooperation to advance shared priorities?

Published: 18th Oct 2024 12:24:45   By: World Economic Forum

World Economic Forum Video: The Nexus of Innovation

Play Video: The Nexus of Innovation

As the Fourth Industrial Revolution advances, foundational technology domains are converging to create new opportunities. In addition to their breakthrough potential, the simultaneous development of quantum, robotics, AI and more are accelerating mutual advancements. What are the driving forces behind this convergence and how can organizations position themselves strategically within it for future growth?

Published: 17th Oct 2024 11:04:58   By: World Economic Forum

Business Video: Former CEO of Abercrombie & Fitch indicted on sex trafficking charges

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Mike Jeffries, the former CEO of Abercrombie & Fitch, has been indicted on 16 federal counts of sex trafficking and international prostitution in New York, and is accused of leveraging “a network of employees, contractors and security professionals” while he led the retailer. #CNN #News

Published: 22nd Oct 2024 07:15:00   By: CNN

Business Video: I test drove Volkswagen's electric revamp of its retro van. Is it worth $60,000?

Play Video: I test drove Volkswagen's electric revamp of its retro van. Is it worth $60,000?

Struggling to regain popularity in America, Volkswagen is hoping the all-new ID. Buzz electric van can tug at vintage heart strings. Having grown up with an original VW gas powered van, CNN’s Peter Valdes-Dapena phoned in his brothers for this electric test drive. #cnn #news #carreview #car #volkswagen Produced by John General and Zach Wasser Senior Producer: Jackson Loo Reporting by Peter Valdes-Dapena Thumbnail courtesy Adobe Stock Photo/CNN

Published: 21st Oct 2024 03:14:28   By: CNN

Business Video: 'A toaster on wheels': Swisher reacts to Musk unveiling 'Robovan'

Play Video: 'A toaster on wheels': Swisher reacts to Musk unveiling 'Robovan'

CNN contributor Kara Swisher gives her take on Elon Musk's announcement of Tesla's "Robovan" and "Cybercab" vehicles. #CNN #News

Published: 11th Oct 2024 03:18:45   By: CNN

Business Video: Red Lobster’s new CEO explains what went wrong with endless shrimp

Play Video: Red Lobster’s new CEO explains what went wrong with endless shrimp

Embattled Red Lobster has a new CEO, and he’s just 35 years old. CNN reporter Nathaniel Meyersohn sat down with Damola Adamolekun over some shrimp and lobster tail to chat the future of the seafood company and the young CEO’s approach to work. #cnn #news #redlobster Shot by Zach Wasser, Benjamin Evans, FJ Feng Editor/Producer: John General Senior Producer: Alexandra King Reporter: Nathaniel Meyersohn

Published: 4th Oct 2024 03:00:54   By: CNN

Business Video: Telegram CEO’s arrest sparks debate over free speech online

Play Video: Telegram CEO’s arrest sparks debate over free speech online

The detention of the Russian-born billionaire founder of Telegram, a messaging app known for its unfiltered content, has sparked debate about freedom of speech and illegal content on the internet. Pavel Durov, 39, was detained at Paris’s Bourget Airport Saturday on a warrant related to Telegram’s lack of moderation. CNN’s Clare Duffy, and then senior researcher at the University of St. Gallen Matias Dewey, join Richard Quest to discuss. #CNN #news Want to stay up to date on the day's top stories? Sign up for CNN's 5 Things newsletter, and we'll give you the 5 biggest stories you need to know, videos people are watching, and more! Sign up here: https://www.cnn.com/newsletters/5-things?source=nl-acq_social_youtubedesc&utm_source=nl-acq_social_youtubedesc

Published: 26th Aug 2024 10:18:55   By: CNN