Nobel Winner Romer Says Fears of Another Crisis Stifle Investment

The video discusses endogenous growth, emphasizing the role of decision-making in driving productivity. It analyzes the 2008 financial crisis, highlighting its negative impact on political institutions and decision-making. The speaker suggests creating new banks to prepare for future crises and addresses the populism problem by proposing changes in investment strategies. The video also critiques macroeconomics, urging for more precise and credible models to improve monetary policy.

What is the main idea behind endogenous growth as discussed in the text?

How did the 2008 financial crisis impact political institutions according to the speaker?

What measures does the speaker suggest to prepare for future financial crises?

How does the speaker propose to address the distribution of wealth and income?

What is the relationship between liquid assets and investment during a crisis as explained in the text?

What criticisms does the speaker have regarding the current state of macroeconomics?

What insights does the speaker provide about the effectiveness of macroeconomic models?