OECD's Mann: Cost of Distortions Greater Than Benefits

The video discusses the challenges of overburdened monetary policy and its market distortions. It emphasizes the need for fiscal authorities to step up alongside central banks to ensure economic stability. The potential for financial crises is explored, with a focus on banks' roles and the need for further banking union efforts. The video also examines the stalling of globalization and its impact on economic growth, highlighting the importance of domestic policies to share economic gains more widely.

In what ways has globalization impacted trade and economic growth?

What are the implications of stalled globalization on productivity?

How can policymakers ensure that economic gains are more widely shared?