Policy makers in advanced economies find themselves in an unusual fiscal environment: debt ratios are historically high, and - once the fight against inflation is won - real interest rates will likely be very low again. This combination calls for a rethinking of the role of fiscal and monetary policy - and this is just what Blanchard proposes in this work. His conclusions hold practical implications for economic and fiscal policymakers, bankers, and politicians around the world.
Economic inequality is the defining issue of our time. In this book, leading economists, many of them current or former policymakers, bring good news: We have the tools to reverse the rise in inequality. In their discussions, they consider which of these tools are the most effective at doing so.
