Thanks again for doing the podcast. Below is my outline of talking points for the show today. We can and probably will deviate from it. But it is a starting point. As a reminder, please wear headphones to avoid feedback and be in quiet setting so that we only hear you. David
- Tells us your journey into macroeconomics
- Your new book with Stephen Cohen, “Concrete Economics”
- What is the key arguments you make in it?
- Historical examples
- Your Journal of Economic Perspectives 2000 article, “The Triumph of Monetarism?”
- What is the story here?
- Recent post on the disappearance of monetarists
- You’ve written about how you thought it was widely understood pre-2008 that macroeconomic policy—both monetary and fiscal—would strive to keep a stable growth path for aggregate demand.
- Why didn’t this happen?
- QE—did it work?
- Temporary vs permanent
- Helicopter drops—you have recently advocated it.
- How would you implement it?
- How to avoid it going too far…or overused by politicians… how can you do constrained helicopter drops so that we keep long run price level anchored?
- Safe Asset shortage problem
- What is it?
- What options to address it