What the Cheap Money Era Reveals About the Global Economy

The video discusses the global economic trend of increased government borrowing, contrasting it with decreased business and household borrowing. It critiques the effectiveness of monetary policy and highlights the collaboration between central banks and governments during crises. The video also explores the potential for fiscal stimulus in Europe and questions the understanding of monetary policy's transmission mechanism over the past decade.

What has been the trend in borrowing by governments compared to businesses and households in recent years?

In what ways has the perception of monetary policy changed in light of recent economic circumstances?

How did the collaboration between central banks and governments during the crisis impact economic recovery in different regions?

What are the implications of the lack of a single fiscal authority in Europe for economic policy?

What challenges does Europe face in coordinating fiscal policy compared to other regions?