Show Me the Money!

“Here is a link to my 18th column on Quartz: "The Stanford economists are so wrong: A tighter budget won’t be accompanied by tighter monetary policy.” I honestly couldn’t think of a good working title of my own before my editor Mitra Kalita gave it the title it has on Quartz. But it finally came to me what I wanted my version of the title to be: the main theme is short-run monetary policy dominance, so my title is “Show Me the Money!”

The heart of this column is a discussion of the paper I wrote with Susanto Basu and John Fernald: “Are Technology Improvements Contractionary?”