Buiter: Japan Fiscal Authorities Sitting on Their Hands

The video discusses Japan's economic challenges, focusing on the need for fiscal stimulus to combat subpar growth and inflation. It explores the concept of helicopter money, a monetized fiscal stimulus, and debates its potential effectiveness. The discussion highlights the need for a credible commitment to sustained fiscal and monetary policies, addressing misconceptions about helicopter money and the importance of additional fiscal measures.

What are the implications of not having additional fiscal stimulus according to the text?

How does the speaker suggest that the government can maintain credibility in its fiscal policies?