Interview with Andrew Bailey, Governor of the Bank of England, on Q.E.

The video discusses the impacts of fiscal policy on unemployment and the potential long-term economic changes due to COVID-19. It highlights the importance of minimizing structural changes in the economy to avoid long-term unemployment. The discussion also covers potential permanent changes in the economy and the need for economic adjustment. Historical context is provided by comparing past sectoral shifts, such as the decline of heavy manufacturing and coal mining, to current potential changes within service industries.

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