Christie Romer: The Only Surefire Way for Policymakers to Substantially Increase Aggregate Demand in the Short Run Is for the Government to Spend More and Tax Less

Christina D. Romer says goodbye to Washington:

Not My Father’s Recession: The Extraordinary Challenges and Policy Responses of the First Twenty Months of the Obama Administration: The first recession I really remember was that in 1981-82. I began graduate school just as the economy peaked. Over the next year and a half, output plummeted and unemployment rose dramatically.
That recession was personal. My father lost his job at a chemical plant in the spring of 1983, shortly after the...