Risks of Low Rate, Low Growth World

The video discusses the historical trend of declining real interest rates and the potential return to low rates post-inflation. It explores the implications for macroeconomic and fiscal policy, highlighting the opportunities and challenges of low interest rates, such as increased fiscal space and the risk of excessive debt. The discussion includes a comparison with Greece's debt crisis and emphasizes the importance of responsible fiscal policy in the US.

What is the current trend in interest rates according to the text?

How does the speaker believe inflation will affect interest rates in the future?

What implications does the speaker suggest low interest rates have for macroeconomic policy?

What challenges are posed when interest rates are lower than the growth rate?

What does the speaker mean by 'fiscal headroom'?

According to the text, what factors can lead to a crisis similar to Greece's?

What is the speaker's view on the current trajectory of US fiscal policy?