Subject
Global debt > 93% of GDP
Quote from Video
In 2025, global debt to GDP was 93% of GDP. Right?
Global debtreached93% of GDP
“In 2025, global debt to GDP was 93% of GDP. Right?”
46s• 135K views • 2 weeks ago
View Video at Timestamp →Era Dabla-Norris
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Claims made by or about Era Dabla-Norris
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Subject
Global debt > 100% of GDP
Quote from Video
If we fast forward and say what would it look like over the next say seven years, we're projecting 100% of GDP, not more.
Global debtwill reach100% of GDP
“If we fast forward and say what would it look like over the next say seven years, we're projecting 100% of GDP, not more.”
1m36s• 135K views • 2 weeks ago
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Government fiscal behavior > expansionary discourse
Quote from Video
One of the things that we found in in our research in fiscal affairs department was that there's sort of a longstanding pattern of political platforms supporting higher spending. In contrast to the 1980s where you sort of had this rhetoric of more restraint discourse in fiscal policy we see this expansionary discourse taking root.
Government fiscal behaviordemonstratesexpansionary discourse
“One of the things that we found in in our research in fiscal affairs department was that there's sort of a longstanding pattern of political platforms supporting higher spending. In contrast to the 1980s where you sort of had this rhetoric of more restraint discourse in fiscal policy we see this expansionary discourse taking root.”
4m40s• 135K views • 2 weeks ago
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Low-income countries > 20% of revenue to interest payments
Quote from Video
But for a lot of low-income and emerging market economies, there's another component to it. So take low-income countries. On average, 21% or over 20% of revenues goes into is is is goes into paying interest.
Low-income countriesallocate20% of revenue to interest payments
“But for a lot of low-income and emerging market economies, there's another component to it. So take low-income countries. On average, 21% or over 20% of revenues goes into is is is goes into paying interest.”
8m7s• 135K views • 2 weeks ago
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High debt levels > explicit tradeoffs
Quote from Video
So for a lot of low-income and emerging market economies, there's another component to it. So take low-income countries. On average, 21% or over 20% of revenues goes into paying interest. So that means this money that could then have been used for education, for health care, for creating opportunities for your people is no longer there.
High debt levelsgenerateexplicit tradeoffs
“So for a lot of low-income and emerging market economies, there's another component to it. So take low-income countries. On average, 21% or over 20% of revenues goes into paying interest. So that means this money that could then have been used for education, for health care, for creating opportunities for your people is no longer there.”
8m7s• 135K views • 2 weeks ago
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Trust in government > optimism regarding policy efficacy
Quote from Video
So in our survey, we found that people who trusted their government or who reported trusting their government were 20% more likely to believe that their policies, their policy actions were actually going to help reduce or stabilize debt. They were also more optimistic about how they were going to fare so their welfare as a result of these policies.
Trust in governmentincreasesoptimism regarding policy efficacy
“So in our survey, we found that people who trusted their government or who reported trusting their government were 20% more likely to believe that their policies, their policy actions were actually going to help reduce or stabilize debt. They were also more optimistic about how they were going to fare so their welfare as a result of these policies.”
11m21s• 135K views • 2 weeks ago
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Trust in government > essential for fiscal reform feasibility
Quote from Video
trust is the currency that that makes that distribution politically feasible. But as you also alluded to or even I mean as you said earlier that trust is is really at an all-time low.
Trust in governmentisessential for fiscal reform feasibility
“trust is the currency that that makes that distribution politically feasible. But as you also alluded to or even I mean as you said earlier that trust is is really at an all-time low.”
19m29s• 135K views • 2 weeks ago
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Tax-to-GDP ratios > corruption and perceived waste
Quote from Video
you see this in a lot of developing emerging market economies. you know, tax to GDP ratios are really low and it's really hard to mobilize revenues because you have massive corruption scandals and that sort of force people to think, well, you know, why would I pay my taxes that they're just going to be wasted in the first place?
Tax-to-GDP ratiosare low due tocorruption and perceived waste
“you see this in a lot of developing emerging market economies. you know, tax to GDP ratios are really low and it's really hard to mobilize revenues because you have massive corruption scandals and that sort of force people to think, well, you know, why would I pay my taxes that they're just going to be wasted in the first place?”
25m28s• 135K views • 2 weeks ago
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Policymakers > present bias
Quote from Video
I think it's important to understand that fundamentally there is a present bias in policym right. I mean what happens five or 10 years down the line it's hard for for pol policy makers and also individuals to worry about right there's a present bias in the way we think about our lives
Policymakerssuffer frompresent bias
“I think it's important to understand that fundamentally there is a present bias in policym right. I mean what happens five or 10 years down the line it's hard for for pol policy makers and also individuals to worry about right there's a present bias in the way we think about our lives”
25m28s• 135K views • 2 weeks ago
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Global debt > 100% of GDP
Quote from Video
If we fast forward and say what would it look like over the next say seven years, we're projecting 100% of GDP, not more.
Global debtwill reach100% of GDP
“If we fast forward and say what would it look like over the next say seven years, we're projecting 100% of GDP, not more.”
1m14s• 184 views • 2 weeks ago
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Current debt levels > unprecedented in peace time
Quote from Video
Now these types of levels of debt are only those that we've seen in during wars. So in peace time we we haven't seen these kind of levels of debt in the past.
Current debt levelsareunprecedented in peace time
“Now these types of levels of debt are only those that we've seen in during wars. So in peace time we we haven't seen these kind of levels of debt in the past.”
1m35s• 184 views • 2 weeks ago
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Political platforms > expansionary bias
Quote from Video
one of the things that we found in in our research in fiscal affairs department was that there's sort of a longstanding pattern of political platforms supporting higher spending. In contrast to the 1980s where you sort of had this rhetoric of more restraint discourse in fiscal policy, we see this expansionary discourse taking root.
Political platformsexhibitexpansionary bias
“one of the things that we found in in our research in fiscal affairs department was that there's sort of a longstanding pattern of political platforms supporting higher spending. In contrast to the 1980s where you sort of had this rhetoric of more restraint discourse in fiscal policy, we see this expansionary discourse taking root.”
4m19s• 184 views • 2 weeks ago
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High debt levels > fiscal dominance
Quote from Video
already when debt levels are really high there's a lot of pressure for monetary policy to accommodate and so this risk of fiscal dominance is something that worries us.
High debt levelsincrease risk offiscal dominance
“already when debt levels are really high there's a lot of pressure for monetary policy to accommodate and so this risk of fiscal dominance is something that worries us.”
7m9s• 184 views • 2 weeks ago
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Fiscal policy > explicit tradeoffs
Quote from Video
So there there are these really explicit tradeoffs that high debt levels generate. Take low-income countries. On average 21% or over 20% of revenues goes into paying interest. That means this money that could then have been used for education for health care for creating opportunities for your people is no longer there.
Fiscal policygenerateexplicit tradeoffs
“So there there are these really explicit tradeoffs that high debt levels generate. Take low-income countries. On average 21% or over 20% of revenues goes into paying interest. That means this money that could then have been used for education for health care for creating opportunities for your people is no longer there.”
7m9s• 184 views • 2 weeks ago
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Trust in government > belief in policy efficacy
Quote from Video
In our survey, we found that people who trusted their government or who reported trusting their government were 20% more likely to believe that their policies, their policy actions were actually going to help reduce and stabilize debt.
Trust in governmentcorrelates withbelief in policy efficacy
“In our survey, we found that people who trusted their government or who reported trusting their government were 20% more likely to believe that their policies, their policy actions were actually going to help reduce and stabilize debt.”
10m45s• 184 views • 2 weeks ago
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Fiscal policy reform > public buy-in
Quote from Video
We found that it is possible to get buy in depending upon how you sequence it, what were the compensatory policies around this, how do you educate the public, how do you get buy in and it is possible to get these kind of reforms.
Fiscal policy reformrequirespublic buy-in
“We found that it is possible to get buy in depending upon how you sequence it, what were the compensatory policies around this, how do you educate the public, how do you get buy in and it is possible to get these kind of reforms.”
13m37s• 184 views • 2 weeks ago
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Wealthy individuals > tax increases
Quote from Video
So if you ask people who are wealthy, who do you think that you believe there'll be an adjustment on on whom do you think taxes will be raised? they they point to the wealthy in corporations.
Wealthy individualsanticipatetax increases
“So if you ask people who are wealthy, who do you think that you believe there'll be an adjustment on on whom do you think taxes will be raised? they they point to the wealthy in corporations.”
14m28s• 184 views • 2 weeks ago
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Trust > political feasibility of fiscal adjustment
Quote from Video
Fiscal policy is about, you know, distributing the costs across time, as you just said, and across different social groups and that trust is the currency that that makes that distribution politically feasible.
Trustenablespolitical feasibility of fiscal adjustment
“Fiscal policy is about, you know, distributing the costs across time, as you just said, and across different social groups and that trust is the currency that that makes that distribution politically feasible.”
18m38s• 184 views • 2 weeks ago
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Tax-to-GDP ratios > corruption scandals
Quote from Video
And if it's waste then why should I pay taxes? And and you see this in a lot of developing emerging market economies. You know, tax to GDP ratios are really low and it's really hard to mobilize revenues because you have massive corruption scandals and that sort of force people to think, well, you know, why would I pay my taxes if they're just going to be wasted in the first place?
Tax-to-GDP ratiosare impacted bycorruption scandals
“And if it's waste then why should I pay taxes? And and you see this in a lot of developing emerging market economies. You know, tax to GDP ratios are really low and it's really hard to mobilize revenues because you have massive corruption scandals and that sort of force people to think, well, you know, why would I pay my taxes if they're just going to be wasted in the first place?”
22m20s• 184 views • 2 weeks ago
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Policymakers and individuals > present bias
Quote from Video
I mean, I think it's important to understand that fundamentally there is a present bias in policym, right? I mean what happens five or 10 years down the line it's hard for for pol policy makers and also individuals to worry about right there's a present bias in the way we think about our lives.
Policymakers and individualssuffer frompresent bias
“I mean, I think it's important to understand that fundamentally there is a present bias in policym, right? I mean what happens five or 10 years down the line it's hard for for pol policy makers and also individuals to worry about right there's a present bias in the way we think about our lives.”
20m52s• 184 views • 2 weeks ago
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