Self-fulfilling crises and the central banks

How can an economy be stabilised when there are high levels of public debt? In this video, Giancarlo Corsetti explains how central banks should have speculation under control. This video was recorded at the European Economic Association Congress held in Mannheim in August 2015.

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Topics:  Macroeconomic policy

Tags:  self-fulfilling beliefs, self-fulfilling crises, central bank, crisis

Giancarlo Corsetti

Professor of Macroeconomics, University of Cambridge

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