Mark Thoma informs us:
Christina Romer: "Dear Ben: It’s Time for Your Volcker Moment": Christina Romer tells Ben Bernanke that we need "aggressive actions," including adopting a nominal GDP target, to "help to heal the economy"
Dear Ben: It’s Time for Your Volcker Moment
No disagreement here about the need for more forceful monetary policy actions. We could use more help from fiscal policy too.