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Fiscal Policy under Low Interest Rates

A work by Olivier Blanchard

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  • What korrents draws from it

    The main obstacle to sound fiscal policy debate is a widespread, quasi-religious belief that public debt is inherently bad., Low interest rates reflect underlying fundamental economic factors rather than central bank policy choices., A persistently low safe interest rate signals that capital is not very productive at the margin, an underlying economic problem rather than a policy variable. …

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    Olivier Blanchard

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Key facts

Claims on korrents
221

What korrents draws from it

korrents’ reading of claims quoted word for word from the book; each opens the quote and where it sits.

  1. The main obstacle to sound fiscal policy debate is a widespread, quasi-religious belief that public debt is inherently bad. (opens korrents.com)1

  2. Low interest rates reflect underlying fundamental economic factors rather than central bank policy choices. (opens korrents.com)1

  3. A persistently low safe interest rate signals that capital is not very productive at the margin, an underlying economic problem rather than a policy variable. (opens korrents.com)1

  4. There is no tight relation between growth rates and interest rates, either theoretically or empirically. (opens korrents.com)1

  5. The decades-long decline in real interest rates across major economies was not caused by the Global Financial Crisis or the Covid crisis. (opens korrents.com)1

  6. Sovereign debt markets can suffer sudden stops in investor demand even without material changes in economic fundamentals. (opens korrents.com)1

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  1. Fiscal Policy under Low Interest Rates (korrents) (opens korrents.com)

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