In this webinar, Professor Olivier Blanchard - senior fellow at the Peterson Institute for International Economics - will use examples of policy in action to argue that low interest rates decrease not only the fiscal costs of debt, but also the welfare costs of debt. At the same time, he'll show how low rates decrease the room for manoeuvre of monetary policy – and, thus, increase the benefits of using fiscal policy, including deficits and debt, for macroeconomic stabilisation. In short, low rates imply lower costs and higher benefits of debt.
The UQ School of Economics Thought Leadership Series aims to inspire, influence and promote innovative ideas and insights. We are looking forward to you being part of this important conversation. Visit the website for more information.
