Central Banking Goes Negative

The video discusses the evolution of interest rates, from zero to negative, and the challenges faced by economies in implementing effective policies. It emphasizes the need for demand-side solutions and fiscal policy over monetary policy, highlighting the difficulties in policy implementation in the US and Eurozone. The importance of linking productivity to investment is also discussed.

What does the text suggest about the effectiveness of monetary policy?

According to the text, what is necessary for achieving economic growth?