Staying productive in uncertain times

Productivity Puzzles

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3y ago 55:19

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How do we respond to uncertainties that crises create? Are they holding us back in investing, hiring and innovating? Or can crises make us more agile and resilient, perhaps even more creative and inventive? How do we balance risks and opportunities? And what might that mean for productivity?

The combination of the COVID-19 pandemic, Brexit and the renewed level of geopolitical uncertainty from the war in Ukraine will upset our economies, businesses, jobs and living standards for years to come.

Host Bart van Ark is joined by three experts in economic and business forecasting to discuss how global political and economic uncertainty affects productivity and what we can do to respond.

Our guests:

Jagjit Chadha, Director, National Institute of Economic and Social Research
Rain Newton-Smith, Chief Economist, Confederation of British Industry
Paul Mizen, Professor of Monetary Economics, University of Nottingham

For more information on the topic:

The Bank of England’s Decision Maker Panel
NIESR, The Economic Costs of the Russia-Ukraine Conflict, 2 March 2022
CBI, The Economic Impact of Crisis in Ukraine, 14 March 2022
Edoardo Palombo, Uncertainty, Intangible Capital, and Productivity Dynamics, Queen Mary, University of London, 2020
Dario Caldra and Matteo Iacoviello, Measuring Geopolitical Risk, AER, 2022.
Joseph McCann and John W. Selsky, Being Purposeful in Turbulent Environments, People and Strategy, 2012, pp.28-34.

About Productivity Puzzles:

Productivity Puzzles is sponsored by Capita and brought to you by The Productivity Institute, a research body involving nine academic institutions across the UK, eight Regional Productivity Forums throughout the nation, and a national independent Productivity Commission to advise policy makers at all levels of government. It’s funded by the Economic and Social Research Council.

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