Is Monetary Policy Capable of Offsetting Fiscal Austerity?

Mike Konczal has a new article where he claims there is a great natural experiment unfolding in the U.S. economy, one that Ramesh Ponnuru and I proposed back in 2011: We rarely get to see a major, nationwide economic experiment at work, but so far 2013 has been one of those experiments — specifically, an [...] View the full post at: Is Monetary Policy Capable of Offsetting Fiscal Austerity? Related posts: Will Fiscal Policy Pass the Test? Transparency Equals Effective Monetary Policy Fiscal Policy Again? A Rebuttal to Mr Krugman