We all know public debt matters. Yet, no one knows how it exactly matters to economic growth. Does public debt cause growth? Is there a tipping point? Does the impact of debt on growth homogeneous for all countries?
The Puzzle of Public Debt
Címke: English
„We face a serious crisis within the next 20 years: a climate crisis” – interview with professor Steve Keen
Steve Keen, Professor of Economics and Head of the School of Economics, Politics and History at Kingston University London, one of the most recognized critic of the neoclassical economics, gave an interview to Kristóf Lehmann, the head of the MNB Department.
“Banks should be much more worried about the disruption by big tech than by negative interest rates” – interview with Kenneth Rogoff
Kenneth Rogoff has been invited to Budapest by the MNB department of the Corvinus University. In his interview given to Economania blog, he lists the main risks to the global economy and the predominant role of the US dollar, and also explains, how an efficient monetary policy can be conducted well below the zero lower bound.
“In crisis periods, lessons from the past become central” – interview with Claude Diebolt
If the next crisis is exactly like the last one, any policymaker can simply follow the actual textbooks. But what if the next crisis is completely different?
Don’t say that the reality is defective because it does not fit the theory – interview with Andrew Sheng
The linear and symmetric approach of neoclassical economics is elegant, intuitive and very attractive, especially to those in power. However, the global financial crisis showed clearly that we are facing a huge paradigm blindness and therefore a paradigm crisis.
The deceased parrot and the quacking swan – Willem Buiter’s lecture at Economania
Willem Buiter, one of the leading economists of our age, delivered a lecture on the outlook for, and the challenges facing, the world economy. Mr Buiter was a guest at an event held as part of a series called ‘Economania’ organised by the MNB Department at Corvinus University.
The global monetary system is inherently undemocratic – Interview with Professor Perry Mehrling: Part 2
In October 2018 the MNB Department at the Corvinus University of Budapest was delighted to welcome Professor Mehrling who delivered an enthralling presentation on the challenges of monetary policy and shared additional thoughts, peppered with personal reflections, on broader topics during an interview.
Back in Keynes’s days, academics and practitioners weren’t as siloed as they are today – Interview with Professor Perry Mehrling: Part 1
In October 2018 the MNB Department at the Corvinus University of Budapest was delighted to welcome Professor Mehrling who delivered an enthralling presentation on the challenges of monetary policy and shared additional thoughts, peppered with personal reflections, on broader topics during an interview.
We can imagine modern capitalism as bopping from one crisis to another – interview with Louis-Philippe Rochon
Louis-Philippe Rochon gave an interview to Kristóf Lehmann after holding a fascinating lecture at the course of the MNB Department.
Economists should help find cost effective ways to reduce inequality in human capital acquisition – interview with Nathan Sussman
Nathan Sussman, professor at the Hebrew University, former Director of the Research Department and member of the Monetary Policy Committee at the Bank of Israel, gave an interview to Balázs Vonnák after his lecture at a course of the MNB Department (Theoretical and practical challenges in monetary policy). He shared his views on global Phillips curve, dynamics of inflation expectations, challenges of monetary policy and the role of inequality in economic growth.