Citigroup's Willem Buiter: Don’t Be a Saver in This World

The video discusses the historical context of low interest rates, focusing on the zero lower bound and its implications for advanced economies. It highlights the paradox of savings, where excess savings lead to low investment and persistent low real and nominal risk-free rates. The role of social security in influencing savings and consumption patterns is also examined, emphasizing the differences between developed and developing economies.

What does the term 'zero bound' refer to in today's global economy?

How does the concept of a 'savings glut' affect the neutral real rate?

Discuss the relationship between planned saving and planned investment in the context of global economics.

What are the implications of having a negative output gap in the economy?

In what ways does unfunded Social Security impact saving behavior?