Slow Growth May Make Policy Mistakes Unlikely, Economist Lee Says

The video discusses the global economic outlook, highlighting concerns about a potential recession and slow growth, particularly in Europe. It examines the role of productivity and economic policies, such as tax reforms and deregulation, in boosting growth, especially in the US. The challenges faced by central banks, including the Fed and ECB, are explored, focusing on adaptive expectations and the structural nature of economies.

Discuss the potential impact of tax reforms and deregulation on US productivity.

What challenges do central banks face regarding adaptive expectations in their monetary policy?