Blanchard on Lack of Productivity and Growth

The video discusses the importance of productivity for economic growth, the challenges of low productivity, and its impact on economic policies. It explores the effects of negative interest rates on banks and the economy, debates on economic models like the zero lower bound, and the need for structural reforms in Europe. The discussion includes insights from experts like Ken Rogoff and addresses the role of institutions like the IMF and the Fed in adapting to these economic challenges.

How do expectations of inflation influence economic outcomes in a low inflation environment?

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What challenges do central banks face when trying to achieve full employment and steady inflation?

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In what ways can structural reforms impact the economy, particularly in European countries?

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