Buiter: Fiscal Stimulus Will Be Some Time in Coming

The transcript discusses the global recession, US fiscal stimulus, and the limited impact of corporate tax cuts. It explores trade policies, the shift from globalization to bilateralism, and the potential deglobalization process. The impact of the US election on Brexit and the UK economy is analyzed, highlighting the challenges of negotiating trade agreements. The societal reactions to political shocks like Brexit and Trump's election are examined, emphasizing the disconnect between elites and the general population.

What is the expected impact of US corporate tax cuts on spending?

• Immediate boost to infrastructure projects

• Significant increase in consumer spending

• Reduction in global recession

• Minimal effect on spending

What trade shift is discussed as being more time-intensive and less effective?

• Regionalism

• Bilateralism

• Globalization

• Multilateralism

What potential agreement is mentioned as a result of Trump's election that could impact Brexit?

• Asia-Pacific Trade Agreement

• European Union Trade Agreement

• North Atlantic Free Trade Agreement

• North American Free Trade Agreement

What is the general sentiment about the UK's economic prospects post-Brexit according to the transcript?

• Significant economic growth

• No substantive improvement

• Immediate trade benefits

• Increased foreign investment

What societal issue is highlighted as a result of Brexit and Trump's election?

• Political stability

• Economic prosperity

• Era of disbelief

• Increased globalization

What is suggested as a way for elites to reconnect with the general population?

• Focus on economic policies

• Engage with local communities

• Attend more international conferences

• Increase media presence

What did Donald Trump identify as a reason for economic stagnation?

• Environmental policies

• Corrupt political elite

• Technological advancements

• Global trade agreements