Fmr. IMF Chief Economist Obstfeld on Global Economy

The video discusses the challenges faced by the G20 in maintaining credibility amidst geopolitical conflicts and global issues. It highlights the complexities of debt treatment, particularly China's role as a major lender. The potential economic decoupling between the US and China is explored, emphasizing the difficulties due to tight interconnections. The video also examines the limitations of monetary policy in addressing global economic shocks and the impact of a strong dollar on emerging economies.

What is one of the main challenges the G20 faces in achieving a common statement?

• Lack of financial resources

• Geopolitical conflicts

• Technological advancements

• Environmental issues

Which country is highlighted as a major lender resistant to taking haircuts on loans?

• India

• Brazil

• China

• Russia

What makes a full economic decoupling between the US and China difficult?

• Lack of trade agreements

• Strong interconnections

• Cultural differences

• Technological barriers

What aspect of policy is emphasized as necessary alongside monetary policy to address global economic shocks?

• Environmental policy

• Fiscal policy

• Cultural policy

• Educational policy

What is a significant factor driving the recent increase in the dollar's value?

• Market expectations of US interest rates

• US trade surplus

• Decrease in global oil prices

• Increase in US exports

What was the market's reaction to Chair Powell's indication about the Fed's tightening cycle?

• Rise in unemployment rates

• Decrease in stock market activity

• Premature celebration

• Increased investment in technology

Which sector in the US economy has not slowed down significantly despite interest rate changes?

• Agricultural sector

• Service sector

• Manufacturing sector

• Construction sector