Rogoff: BOJ 'Lost Confidence' Program's Going Forward

The transcript covers a discussion on floating rate currencies, market confidence, and the challenges of predicting exchange rates. It explores the impact of quantitative easing, particularly in Japan, and the broader implications for global markets and central banks. The conversation also touches on modern economic theories and the evolving role of central banks in managing inflation and interest rates.

What does the speaker imply about the relationship between government debt and central bank policies?

In what ways does the speaker believe that central banks have lost confidence in their ability to manage inflation?

How does the speaker view the effectiveness of quantitative easing in Europe?