NYU's Henry: Fiscal Policy Needs to Step Up

The video discusses the current state and future of monetary policy, highlighting its limitations and the need for fiscal policy to drive growth. It emphasizes the risks of overreliance on monetary policy and the necessity for structural reforms to boost productivity and investment. The economic outlook is cautiously optimistic, with concerns about slow growth and low productivity.

What is the general consensus regarding the effectiveness of current monetary policy?

How has fiscal policy impacted the effectiveness of monetary policy according to the discussion?

What are the potential dangers of monetary policy overreach as mentioned in the discussion?

What is the significance of the natural rate of interest in the current economic context?

What factors are contributing to the decline in productivity as discussed by the economists?

What are the implications of slower labor force growth on the economy as mentioned in the discussion?

How do expectations about the future influence current economic behavior according to the discussion?