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Each January the American Economic Association has a conference that brings together thousands of economists from all over the world. In May they publish the proceedings of the conference. I just got mine today, and immediately began looking for papers on the role on monetary policy in the Great Recession. After all, in standard New Keynesian theory monetary policy is the main stabilization tool, and it’s widely known among elite macroeconomists that there are all sorts of “foolproof” monetary tools available, even at the zero bound.

There were a total of 106 papers included in the May issue. Here are the numbers:

Papers on bias at Wikipedia: One

Papers on the role of monetary policy in causing or curing the Great Recession: Zero.

So let’s go back to the May 2011 issue, which contains 116 papers:

Papers on “Topics in Wine Economics”: Four.

Papers on the role of monetary policy in causing or curing the Great Recession: Zero.

So I decided to go back to the May 2010 issue, which contains 121 papers:

Papers devoted to online advertising: Three

Papers on the role of monetary policy in causing or curing the Great Recession: Zero.

Then I gave up. The May 2009 issue contained papers from the January 2009 conference, which had to be submitted by February 2008.

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This entry was posted on June 07th, 2012 and is filed under Monetary Policy, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or Trackback from your own site.



