Yet, while these measures have been achieving their intended purposes, at the same time, fiscal deficits have increased and government debt has risen markedly. It can be said metaphorically that, in the recent crisis, the governments assumed the risks and debt that the private sector could not shoulder.
And in most of these issues my academic background provides a solid base to grasp the key issues at stake. However, there are some major aspects of monetary policy decision-making that are not reflected in undergraduate or graduate courses. The most important aspect deals with the analysis of the current stance.