Andres Velasco: Where do we go from here? 5/5

The video discusses the importance of politics in policy implementation, advocating for old economic thinking from outside the US and Europe. It highlights lessons from Latin America's financial crises that could benefit Europe, emphasizing the need for credible fiscal policies and flexible rules. The speaker provides seven key lessons for Europe, focusing on currency issues, fiscal adjustments, and the importance of learning from past crises. The conclusion offers advice for INET on promoting both new and old economic research.

What lesson does the speaker draw from Latin American experiences regarding bank lending?

What does the speaker argue about the concept of expansionary fiscal contraction?

How does the speaker suggest fiscal rules should be structured to be credible?

What final advice does the speaker give regarding the promotion of new economic thinking?