Do you think the US government and/or the Fed would do better if we have a system that holds accountable those in charge of making policies if they do not work? Or do you think the existing macroeconomic theories are not comprehensive enough in guiding policymakers making sound fiscal and monetary policies? Or do you think it is the policymakers' lack of trust in macroeconomic theory that makes some of these policies ineffective?

Answer rating: 100% (QA)

The question you pose about improving US economic policy effectiveness is complexwith no single answerLets consider the three potential explanations y... View the full answer