Overcoming the Obstacles to International Macro Policy Coordination Is Hard

by Olivier Blanchard, Jonathan D Ostry and Atish R Ghosh, Voxeu.org The world has just been through a period of unprecedented macro policy activism. More is set to come as central banks exit unconventional policies, governments fix their fiscal positions, and financial regulations are reformed. These national policies have undeniable international spillovers. This column argues …