How valuable is a PhD economist?
Heads of research from Canada, Israel and North Macedonia weigh the benefits of advanced economics education
Aneta Krstevska, chief economist at the National Bank of the Republic of North Macedonia, has been at the bank for 23 years. The central bank, like the country, is one of the younger ones in the world.
North Macedonia declared independence almost 30 years ago, and established its independent central bank and its own currency, the denar, in 1992. Its GDP per capita in 1992 was $1,225.
Krstevska started her career working in the research department. “When I started working at the bank, the most
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