Interview with Andrew Bailey, Governor of the Bank of England, on Q.E.

The video discusses the impacts of fiscal policy on unemployment and the potential long-term economic changes due to COVID-19. It highlights the importance of minimizing structural changes in the economy to avoid long-term unemployment. The discussion also covers potential permanent changes in the economy and the need for economic adjustment. Historical context is provided by comparing past sectoral shifts, such as the decline of heavy manufacturing and coal mining, to current potential changes within service industries.

What are the potential long-term effects of the measures taken in response to COVID-19 on the economy?

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How might COVID-19 change the way we work and buy things in the future?

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In what ways can the economy adjust to the permanent changes brought about by COVID-19?

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What sectors of the economy are expected to undergo permanent changes due to the pandemic?

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What historical examples are referenced to understand the current economic shifts?

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