Ken Rogoff - Debts, Deficits and Global Financial Stability

The transcript covers a range of topics in macroeconomics, including critiques of Japanese monetary policy, the evolution of macroeconomic theories, and the role of financial market imperfections. It emphasizes the importance of economic history in understanding financial crises and discusses the implications of long-term debt. The speaker concludes with reflections on the successes and challenges in macroeconomics and the need for openness to new and old ideas.

How does the speaker view the balance between short-term and long-term economic policies?

What role does the speaker attribute to government spending in economic recovery?

What does the speaker identify as a potential risk of accumulating high levels of debt?

What does the speaker suggest about the future of macroeconomics in relation to financial market imperfections?