Money, Power, and Politics of International Finance - led by Christopher Smart

II. The Daily Verdict of Global Markets (Feb 25)

On most issues, governments worry mainly about the views of voters and key constituents.  On financial matters, however, policy makers are often far more concerned with the judgment of financial markets, which is delivered instantly and quantitatively. When Prime Ministers and Presidents explain their plans to tax and spend and create jobs, they are often talking straight to bond investors who lend them the money for these plans.  This session will examine how investors and policy makers understand, and often misunderstand, one another.  

Room: Faculty Dining Room, HKS

***All study groups are off-the-record and not for media coverage***