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This is a macro policy question.
"Everything we can do from a macro policy perspective is being done, and the question is, will it work?
One possible explanation might be found in the composition of our expert panels, as we did not explicitly include experts with a macro policy background.
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It is an experiment: a macro-policy of engagement that shuns the micromanagement of intervention.
Nigeria, despite an improved macro policy in comparison with the previous boom, is going to be significantly affected due to its excessive dependence on oil, leading to an increase in poverty and political instability.
The implementation of this principle is likely to rely on an unambiguous, macro (policy) level focus on meaningful, patient-centred goals of health-care delivery, such as accessibility (including waiting times and care close to home) and quality.
One way to think about macro policy in a liquidity trap is that it's about trying to reduce that incipient surplus, say through government spending to make use of the excess savings.
The reason that we aren't getting more expansionary macro policy is fundamental: a lack of trust.
OLIVIER BLANCHARD, the IMF's chief economist, and a couple of other Fund economists ruminate in a new paper out today about how macro policy might be reoriented in the light of the crisis.
For the fact is that running a business is nothing at all like making macro policy.
(Tim Duy) Rethinking macro policy (IMF).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com