Economic Crises and Recovery Strategies - The Malcolm Wiener Lecture by Jean-Claude Trichet

Explore a thought-provoking lecture on international political economy delivered by Jean-Claude Trichet, former president of the European Central Bank, at Harvard University. Delve into an in-depth analysis of economic recessions, particularly in Europe, and the unconventional strategies employed to address the economic crisis. Gain insights into the complex nature of global economic patterns and their long-term implications for stronger, more stable economies. Examine topics such as monetary policy, balance sheet expansion, agent-based modeling, systemic risk, and the beauty contest metaphor. Learn about the conclusion of European integration, the Eurogroup, fiscal federation, and the European Council. Engage with the lively question and answer session moderated by Harvard University President Emeritus Lawrence Summers, featuring inquiries from Karina Schwartz and Alexandre Pires. This 1-hour and 19-minute lecture offers a comprehensive understanding of the intricate challenges faced in international economic policy-making and the far-reaching consequences of economic decisions.

Intro
The Global Crisis
The Monetary Policy
Balance Sheet Expansion
Open Debate
Agentbased modeling
Systemic risk
Beauty contest metaphor
Conclusion of European integration
Eurogroup
Fiscal Federation
European Council
Questions
Karina Schwartz
Alexandre Pires