Biggest exit barriers political: Buiter
The two main obstacles to an early and easy exit from unconventional monetary policies are political, according to Willem Buiter, an economist.
For Buiter, a former member of the Bank of England's Monetary Policy Committee who now heads Citigroup's economics team, the two main obstacles are:
· a potential conflict between the central bank and the fiscal authority about the role of monetary financing in the fiscal-financial-monetary programme of the state;
· that scaling down the size of the
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