The Shock and Awe of Negative Interest Rates

The video discusses the implications of negative interest rates, highlighting the surprise that the lower bound wasn't zero. It explores the challenges banks face in such an environment, including market volatility and the perception of negative rates. The discussion extends to policy measures and economic conditions, particularly in Europe and the US, and the impact of oil market dynamics. The video concludes with insights into the recovery from economic shocks and the future of global economies.

In what ways do negative interest rates create volatility in the markets?

What factors contribute to the divergence in economic recovery among different countries?