Deutsche Bank's Konstam on Making Negative Rates Work

The transcript discusses the concept of driving negative interest rates to low levels, exploring the potential benefits and challenges. It covers the need for cash taxation to maintain a viable banking sector, the role of quantitative easing, and fiscal stimulus in economic stability. The discussion also touches on the naturalness of negative rates, historical precedents, and the potential for future economic shocks leading to recessions. The conversation includes perspectives on interest rate policies in the US and UK, highlighting differing views among policymakers.

Discuss the historical context of cash taxation and its relevance to current economic theories.

In what ways can technological advances and labor force growth affect inflation and interest rates?