Bloomberg Surveillance

Jackson Hole Special - Odd Lots Podcast: Barry Eichengreen on the New Era of High Government Debt

Aug 29, 2023
Guest
Barry Eichengreen
Barry Eichengreen, UC Berkeley economist, discusses his research on ballooning government debt at Jackson Hole, exploring living in a world with more debt, the challenges of reducing government debt in the US, the role of US assets in the global financial system, the role of banks in US debt, implications of high government debt for fiscal authorities, risks of higher inflation, and the importance of bonds in the financial system.
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Transcript
Episode notes
1
Introduction
00:00 • 2min
2
Living in a World with More Debt
02:16 • 11min
3
Political Will to Bring Down Government Debt
13:42 • 4min
4
The Role of US Assets in the Global Financial System
17:54 • 6min
5
China, Private Investors, and the Role of Banks in US Debt
24:02 • 3min
6
Living with High Government Debt and Implications for Fiscal Authorities
26:41 • 13min
7
Risks of Higher Inflation and the Importance of Bonds in the Financial System
39:56 • 2min