The “Dream World” of the IMF

The IMF will host the third Conference in the “Rethinking Macro Policy” ‘franchise’ (soon they´ll catch up with “Fast & Furious”!)

Not having been very successful in sorting the problems with macro policy during the last few years in RMP I & II, they now assume that the world has mended:

The focus of our conference will be instead on the architecture of policy when (hopefully) policy rates have become positive again, and most countries are growing and have stabilized debt-to-GDP ratios.

In other words, how will/should macro policy look once the crisis is finally over?

Economists are fast getting into the fiction business!

 

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