Krugman: Monetary Policy Not Enough, We Need More

The video discusses concerns about low global growth and the limitations of current monetary policy. It highlights the concept of secular stagnation, suggesting a fundamental shortage of demand due to demographic changes and slowing technological progress. The preference for safe assets over real investment is leading to economic risks, including the potential Japanification of both advanced and developing economies. The speaker emphasizes the urgent need for stronger policy interventions to stimulate demand and avoid these risks.

What is the speaker's view on the relationship between government bonds and real investment?

What kind of policy does the speaker believe is necessary to avoid economic stagnation?