Janet Yellen on Carbon Tax, Fiscal Stimulus, Stagnation

The transcript covers a discussion with Janet Yellen on various economic topics. It begins with auction theory and its potential role in addressing climate change through carbon pricing. Yellen emphasizes the importance of carbon taxes and permits. The conversation shifts to economic recovery strategies post-pandemic, highlighting the need for effective fiscal and monetary policies. The role of the Federal Reserve in maintaining low interest rates and supporting economic recovery is discussed. Finally, the future of capitalism and fiscal policy is explored, considering the challenges of secular stagnation and the need for active fiscal roles.

How does Yellen view the role of the Federal Reserve in economic recovery?

What historical context does Yellen provide regarding fiscal policy since the 1980s?

What does Yellen say about the relationship between fiscal policy and monetary policy?

What does Yellen identify as a significant issue affecting the global economy?