Moritz Schularick: Credit Booms Gone Bust

Moritz Schularick: Credit Booms Gone Bust

Assessment

Interactive Video

Business

University

Hard

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The video features a professor of economics discussing his research on private debt and its impact on the real economy. The research, conducted with colleagues from the University of Virginia and UC Davis, aims to use macroeconomic history and empirical methods to address policy questions related to finance and growth. The professor highlights the importance of collecting long-run, cross-country datasets to understand the role of private credit in financial instability. He contrasts his work with that of Rogoff and Reinhart, emphasizing the focus on private rather than public debt. The discussion also covers the economic functions of different types of lending and the professor's background in economics and history, underscoring the value of historical insights in addressing contemporary policy issues.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of the research project discussed in the video?

The influence of political factors on business cycles

The role of technology in economic development

The relationship between finance and economic growth

The impact of public debt on economic growth

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key aspect of the research methodology mentioned in the video?

Ignoring historical data

Using only modern data for analysis

Focusing solely on public debt

Collecting long-run, cross-country datasets

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the current research differ from the work of Rogoff and Reinhart?

It does not use historical data

It only examines economic growth

It includes detailed annual private credit data

It focuses on public debt

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant factor in financial instability according to the research?

Public sector borrowing

Private sector lending booms

Government regulations

International trade policies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is economic history important in understanding current economic issues?

It is irrelevant to modern economics

It provides outdated information

It focuses only on ancient economies

It offers insights into structural breaks and historical patterns

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role do empirical methods play in economic history research?

They are outdated

They are not used

They help control for structural differences

They focus only on qualitative data

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a limitation of macroeconomics textbooks during the 2007-2008 financial crisis?

They were too empirical

They focused only on private debt

They did not address the financial sector

They included too much historical data