"As a lawyer who worked in an institution that was dominated by macroeconomists, one of the most interesting parts of the job was the dialogue on the role of rules and the design of rules." - #GeorgetownLaw Professor Sean Hagan, formerly of @IMFNews #lawmacro
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"If you have a rule too rigid in a crisis, there is a risk that it could be interpreted in a way that's not credible. Or it could be changed. Both undermine the value of a rule." -
#GeorgetownLaw Professor Sean Hagan speaking at#LawMacro conference.1 reply 2 retweets 5 likesShow this thread
"At the same time, if it's too open-ended, it's effectively the equivalent of not having any rule." These are the considerations that were made by IMF. "We tried to create a rule that was somewhere in the middle." - #GeorgetownLaw's Sean Hagan speaking at #LawMacro conference.
8:46 AM - 27 Sep 2019
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