What's happening in monetary policy and macroeconomics.
Thursday, January 12, 2012
Death of a Theory
James Bullard, St. Louis Fed President, has posted some slides for a talk at last week's ASSA meetings in Chicago. This seems to be a preliminary snapshot of a paper he is supposed to release this week. The topic is the relative efficacy of fiscal and monetary policies in the current circumstances. I'll write more on this when the paper is released.