A Higher Interest Rate Shock to the System

The transcript discusses the implications of negative interest rates and the potential benefits and drawbacks of raising interest rates. It explores the impact of these policies on global economies and the challenges faced by monetary policy. The conversation also touches on fiscal policy, productivity measurement, and the broader economic context.

Discuss the relationship between fiscal policy and economic growth as mentioned in the text.

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What challenges are associated with measuring productivity in the current economy?

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