In Mediocre World Policy Rates Lower, Longer: Clarida

The video discusses the concepts of 'new neutral' and 'new mediocre' in the global economy, focusing on low policy rates and slow economic growth. It highlights the role of monetary policy and the debate over fiscal stimulus, referencing economists like Paul Krugman. The discussion extends to interest rates, oil prices, and their impact on fiscal reform. The video also emphasizes the importance of a broad education in an unstable economy and provides insights into the job market for graduates.

How does the 'new mediocre' concept relate to global economic growth?

What does the term 'new neutral' refer to in the context of economic policy?

What is the significance of Paul Krugman's views on fiscal stimulus?

In what ways do accommodative monetary policies impact the economy?

What challenges do oil price fluctuations pose for governments?

How does the value of a college education manifest during economic downturns?

What role does interdisciplinary education play in preparing for economic uncertainties?