Carmen Reinhart: Macroeconomic Management After a Crisis (6/7)

The speaker discusses the challenges of addressing financial crises, focusing on the role of private and public debt. They highlight the importance of understanding past crises to prevent future ones, emphasizing the need for effective monetary and fiscal policies. The discussion includes the impact of global imbalances and the potential for a retrenchment in globalization. The speaker concludes by reflecting on historical approaches to debt management and the likelihood of similar strategies being employed in the future.

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