… Lawrence Christiano, Martin Eichenbaum, and Sergio Rebelo, for their new NBER working paper titled “When Is the Government Spending Multiplier Large?”
The abstract: “When the nominal interest rate is constant.”
Is this the only academic paper ever written where the total number of letters of the abstract (36) is less than the number of letters in either the title (42) or the authors’ names (46)?
I believe this is what is meant by “asked and answered.”
Here’s a PDF of an earlier draft, albeit with a slightly longer abstract.