The past few weeks have seen the Fed struggle to define a clear exit route from its forward guidance strategy. Ambiguous macroeconomic data have triggered different interpretations by prestigious board members, leaving markets with little clue as to future Fed moves. These discussions, sometimes going as far as confrontations, are a byproduct – a healthy […]
Iyanatul Islam and Francesco Saraceno
Iyanatul Islam is Chief of the Employment and Labour Market Policies Branch at the ILO in Geneva. Francesco Saraceno is Deputy Department Director of the OFCE Research Center in Economics at Sciences-Po in Paris. Both authors write in a strictly personal capacity.