Macroeconomic Policy Challenges in the Modern World - Kenneth Rogoff, Carmen Reinhart, and Roger Porter

January 14, 2021, Video: "The global financial crisis of 2007 - 2008 caused major structural changes in macroeconomic policy in virtually all countries. In the 10 years after the crisis, both budgetary and monetary policies, primarily, in developed countries, were often called “non-traditional,” indicating that at some point states would return to “traditional” policies. The 2020 pandemic and the reaction of the authorities to it, now - of almost all countries, regardless of the level of development, have become the reason that “non-traditional” policy has become a common practice. However, according to many experts, modern macroeconomic policy carries serious risks in the medium term, and may, among other things, cause a new global financial crisis." Watch Via RENEPA on Youtube

Non-HKS Harvard Author Website - Kenneth Rogoff