Olivier Blanchard, former Chief Economist of the IMF and now with the Petersen Institute for International Economics, recently asked an interesting question on Twitter: “Central banks have large research departments. Ministries of finance typically do not even have a research department (with the result that research on monetary policy is much more developed than research on fiscal policy). Why?”
Olivier Blanchard asks an important question
Olivier Blanchard asks an important question
Olivier Blanchard asks an important question
Olivier Blanchard, former Chief Economist of the IMF and now with the Petersen Institute for International Economics, recently asked an interesting question on Twitter: “Central banks have large research departments. Ministries of finance typically do not even have a research department (with the result that research on monetary policy is much more developed than research on fiscal policy). Why?”