On Friday, June 12, 2020, Kenneth Rogoff joined the Princeton Bendheim Center for Finance to discuss the implications of COVID-19 for global sovereign debt and the dollar. Rogoff is a Professor of Public Policy and Economics at Harvard University and a former Chief Economist of the IMF. The event began with a brief discussion by Markus Brunnermeier, Director of the Princeton Bendheim Center for Finance. Both Brunnermeier and Rogoff took questions from the audience.

Learn more about the COVID-19 webinar series organized by Markus Brunnermeier: [ Ссылка ]

Jump to video chapters:

Markus Brunnermeier introduction: 0:00
Beginning of Rogoff presentation: 18:56
The contracting spiral of world trade: 26:08
Shape of recovery: 27:39
Total debt has risen much more sharply than government debt: 32:22
Emerging markets and developing economies debt (% of GDP): 32:44
Debt intolerance: 35:12
Fiscal multipliers in emerging markets and developing economies: 36:10
The run-up to defaults: 37:55
Government investment as percentage of GDP: 40:32
Negative r-g the norm over two centuries: 41:29
Contingent liabilities have risen even faster than conventionally measured public debt: 47:38
The geography of anchor currencies: 52:20
Q&A: 56:01

свернуть