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The Debt of Nations Revisited

Sponsor: Poverty Reduction and Economic Management Network
 

NOTE: This event took place May 17, 2012. Click the play button above to view an archive of the live streamed event. You can also click here to view the video in your Windows Media Player application.

Willem Buiter's home page 

One way or the other, there is now too much debt and too little equity in the advanced world, says renowned macroeconomist Willem Buiter. Why has debt risen across so many sectors of these economies in recent decades? What was the role of regulatory liberalization, financial innovation, politics and "loss of fiscal virtue"? And what are the politics and economics of possible scenarios looking forward? Will it be long and painful deleveraging and fiscal austerity? Can massively expansionary monetary policy save the day? Or is default and restructuring inevitable?

GUEST
Willem Buiter
Chief Economist, Citigroup

CHAIR
Otaviano Canuto
Vice President and Head of Network, Poverty Reduction and Economic Management, World Bank

 




Permanent URL for this page: http://go.worldbank.org/586V67VGJ0