Much has been said and written about the dangers of government borrowing. In their new book, In Defense of Public Debt, economic historian Barry Eichengreen and his co-authors trace the evolution of sovereign debt from the wars of medieval Europe through the Covid-19 crisis, illustrating public debt's many positive uses, from reacting to financial crises to building public works. In this podcast, Eichengreen discusses the book with Finance and Development Magazine’s Chris Wellisz. Transcript: https://bit.ly/3ec6Hvj

While the world has been focused on the pandemic for the past two years, the rapid rise of Alzheimer’s disease and related dementias pose another threat to global public health. Nathaniel Counts is Senior VP for Behavioral Health Innovation at Mental Health America and Assistant Professor at Albert Einstein's School of Medicine. In this podcast, Counts says dementia will vastly increase across the globe as the population age rises with increasing life expectancy and have profound impacts on welfare and economic growth, especially in low- and middle-income countries.  Transcript: https://bit.ly/32cwKQc

Read the F&D article at IMF.org/fandd

Despite all the money and health infrastructure available to them, some of the world's richest countries have suffered higher death rates from COVID-19 than many developing countries. Jay Patel is a researcher at the Global Health Governance Program at the University of Edinburgh and has coauthored along with colleague Devi Sridhar an article about pandemic preparedness in the December issue of Finance and Development. In this podcast, Patel tells journalist Rhoda Metcalfe that regardless of their limited resources, many developing countries in Africa delivered effective containment strategies because of strong local leadership and knowledge sharing.

Transcript: https://bit.ly/33hY0xx

Read the article at IMF.org/fandd.

Pandemics pose significant macroeconomic costs but only recently have garnered the attention they deserve. In this podcast, economist Ruchir Agarwal, sits down with Peter Sands, Executive Director of the Global Fund to Fight AIDS, TB and Malaria, to discuss the role of macroeconomics in public health preparedness. Agarwal heads the IMF's Global Health and Pandemic Response Taskforce. Transcript: https://bit.ly/32KapKk

Read the F&D article at IMF.org/fandd

For all its strengths in measuring a country's economy, GDP falls short when it comes to gauging the well-being of its residents. For example, per capita GDP numbers today suggest people in the US are better off now than they were before the pandemic, regardless of the enduring social and economic upheaval. The recognition that GDP cannot encompass many dimensions of well-being has prompted a search for measures that reflect a more complete account of what people care about. Miles Kimball is a Professor at the University of Colorado, Boulder, and is developing the principles for a national well-being index. In this podcast, Kimball says the index would also serve to grade governments. Transcript: https://bit.ly/3lfnD8c

Read the F&D article at IMF.org/fandd