Kenneth Rogoff on global sovereign debt and the dollar post-COVID
Ойын-сауық
On Friday, June 12, 2020, Kenneth Rogoff joined the Princeton Bendheim Center for Finance to discuss the implications of COVID-19 for global sovereign debt and the dollar. Rogoff is a Professor of Public Policy and Economics at Harvard University and a former Chief Economist of the IMF. The event began with a brief discussion by Markus Brunnermeier, Director of the Princeton Bendheim Center for Finance. Both Brunnermeier and Rogoff took questions from the audience.
Learn more about the COVID-19 webinar series organized by Markus Brunnermeier: bcf.princeton.edu/event-direc...
Jump to video chapters:
Markus Brunnermeier introduction: 0:00
Beginning of Rogoff presentation: 18:56
The contracting spiral of world trade: 26:08
Shape of recovery: 27:39
Total debt has risen much more sharply than government debt: 32:22
Emerging markets and developing economies debt (% of GDP): 32:44
Debt intolerance: 35:12
Fiscal multipliers in emerging markets and developing economies: 36:10
The run-up to defaults: 37:55
Government investment as percentage of GDP: 40:32
Negative r-g the norm over two centuries: 41:29
Contingent liabilities have risen even faster than conventionally measured public debt: 47:38
The geography of anchor currencies: 52:20
Q&A: 56:01
Пікірлер: 10
18:55 Rogoff starts
Thank you again for this series and this presentation. I observed a few economists debating debt-to-GDP ratios the other day. Some claimed that its a misleading statistic because changes in GDP aren't controlled for. They believe most of the growth in debt-to-GDP is driven by drops in GDP rather than increases in debt, so it was great to see the Total Debt charts.
Thanks for this series !
I think the audio for the microphone could be better.
One goal of very low and sustained interest rates seems to be discouraging savings by incentivizing current consumption and borrowing. But this seems to exacerbate the unpreparedness and inability of individuals, families, companies and governments to withstand one-time or short-term economic shocks and downturns. What strategies are there to re-incentivise savings, and how does savings impact GDP calculations? Any references to study savings rates as a percentage of GDP is much appreciated.
What is Rogoff's opinion of "Yield Curve Control"?
@Oligoogletookmyname
3 жыл бұрын
Why would you want an opinion from someone who thought the bitcoin price would go to $100? But by all means take advice from someone who was 50,000 percent wrong in his predictions.
I don't know about you guys but I trust ex IMF employees who haven't made one accurate prediction in 10 years. But I voted for biden. What's your excuse?
Ken lost all credibility through inaccurate market predictions. If you take financial advise from this guy you'll lose money.
Holy moly.. this is stupid guys ... Looks like a happy elf..