Olivier Blanchard on the Benefits and Costs of Public Debt

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Olivier Blanchard (PIIE)

February 7, 2019

How costly is public debt? Olivier Blanchard speaks at the 2019 American Economic (AEA) annual meeting on his paper, "Public Debt and Low Interest Rates," and concludes that in today's environment of low interest rates relative to growth rates, the costs may be substantially smaller than the current consensus.

Watch the full speech here.

PIIE thanks AEA for permission to repost video.