Examining prospects for monetary and fiscal policy coordination

Jean Boivin, managing director and head of global research at the Blackrock Investment Institute and former deputy governor of the Bank of Canada, joins OMFIF’s Mark Sobel to discuss the limits of conventional and unconventional monetary policy tools, and the prospect for closer co-operation between monetary and fiscal policy. They touch upon the adverse impact of long-term low interest rates, the creation of an emergency fiscal facility and the potential risk to central bank independence.

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