Professor Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley, is one of the most eminent monetary experts and financial historians. In the interview with PKU Financial Review, Professor Barry Eichengreen states that, “public debt is not entirely useless, but we should be wary of debt crises in low-income countries....

Professor Harold James is the Claude and Lore Kelly Professor in European Studies at Princeton University and the official historian of the International Monetary Fund. In the interview with PKU Financial Review, Professor James states that, “technology and globalisation combine to provide powerful answers.”PKU Financial Review: Today, the risk of debt expansion is a global problem. So do you think ...

Question 1. Inflation. Inflation is always the result of “too much money chasing too few goods”.  “Too much money” means demand, and “too few goods” means supply.The current inflation has been the result of both. The supply of goods (and services) has fallen in many, if not all, places because of the pandemic. The pandemic led to supply shortfalls because workers were sick or could not go to ...

Many countries with aging populations face a declining ratio of the number of workers, whose taxes fund pay-as-you-go state pension funds, to the number of retirees whose living standards depend on state pension income. A falling ratio of workers to pensioners as the population ages poses grave problems to the financial viability and generosity of a pension system.  But the ratio of capital in the ...

Question 1: In your book The Great Demographic Reversal, you pointed out that in the long run, demographic changes will have a significant impact on global inflation. But we know that there are many factors that affect inflation. Then, how to study the impact of demographic factors on global inflation on the basis of controlling other variables? What effective measures are there to reduce its influence ...

1.We know that you have studied how Japan responds to the challenge of aging. The United States is now using immigration to adjust its aging problem. China and Japan may have more similarities. Based on your research, what do you think is the best way to combat aging in China? (Currently, various methods are used in China, but the fertility rate is still declining.)My paper on Japan, which you cite,...

Ms Vanina Vincensini is the Senior Consultant, IFI Partnerships and Sustainable Financeof UN Women, who supports th

Professor Michael Spence is the Philip H Knight Professor and Dean, Emeritusat the Stanford Graduate School of B

Mr Rich Apostolik is the President andChief Executive Officerof Global Association of Risk Professionals(GARP) Und

Angus Deaton is a Senior Scholarof Princeton School of Public and International Affairs, and 2015 Nobel Laureate