Giancarlo Corsetti, 22 January 2018

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.

Kevin Lansing, 02 October 2017

Is the ZLB self-fulfilling? In this video, Kevin Lansing explains how expectations about the inflation rate can have an impact on the central bank’s ability to use the ZLB. This video was recorded in July 2017 at a macroeconomics conference organised by the Bank of England.

Philippe Bacchetta, Elena Perazzi, Eric van Wincoop, 20 June 2015

A popular explanation for the sovereign debt crisis in Europe is self-fulfilling sentiments. What can central banks do to avoid self-fulfilling debt crises? This column argues that while in theory there are policies to make the public debt sustainable, central banks cannot credibly commit to them. The ability of a central bank to avert a self-fulfilling debt crisis is thus limited. 

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