The Yellen Doctrine

Can Demand-side policies push the Supply Side?

Can demand-side policies push productivity? Policymakers will try.

There was a very interesting paper released in January that addresses a topic in economics that is seemingly being re-litigated. The paper is “The Supply-Side Effects of Monetary Policy” by Baqaee, Sangani and Farhi. They focus on the question: Can monetary policy/demand side affect the s…