JPM's Jacob Frenkel on Real Rates and Productivity

The video discusses the shift in global economic power from traditional Western economies to emerging markets, particularly in Asia. It highlights the challenges of debt overhang and the role of financial markets in today's economy. The discussion covers the implications of negative interest rates and the need for policy coordination. It also addresses debt restructuring, with a focus on Greece, and debates the merits of raising inflation targets versus improving productivity.

What role does policy coordination play in today's economic environment?

What mechanisms can be used to address the debt problem, and what are their potential consequences?

How does the current economic situation relate to the concept of productivity?