May 2012
3 posts
1 tag
Balance Sheet Monetary Policy: A Primer
This is the First Post in the Monetary Policy Thread
In my first post, “What is a Supply-Side Liberal,” I promised to show that there is no shortage of powerful tools to revive both the U.S. economy and the world economy. In my second post, I started to fulfill that promise by proposing “federal lines of credit” as a way of stimulating consumption without adding much to...
1 tag
Getting the Biggest Bang for the Buck in Fiscal...
Last week, on Monday, May 14, I was one of ten outside academics invited to present a briefing to the Board of Governors of the Federal Reserve on the topic of consumption. All of the Governors, Eric Engen, the Federal Reserve Board economist who had organized the briefing, and all ten academics were seated around the gigantic oval table where the Federal Open Market Committee (FOMC) makes...
2 tags
What is a Supply-Side Liberal?
As an Economics professor, thinking about public policy is a big part of my job, both in teaching and research. The work of the ivory tower has given me some distance from the rough-and-tumble of daily political debate, but has called on me both to face the enduring dilemmas of public policy and to identify areas where technical solutions are available, but not generally understood.
As for...
