Too much of a good thing …
krugman.blogs.nytimes.com 12/3/2008 — Is only prudent. As far as I know, nobody has written up the case for a fiscal expansion larger than our best estimate of what's needed to close the looming output gap. So I thought it might be useful to write the obvious down. In the figure below, ...

On the Obama Stimulus Plan-Becker
becker-posner-blog.com 1/12/2009 — If the government increased its spending on infrastructure when the economy has full employment, its main impact would likely be to draw labor, capital, and raw materials away from various other activities. In effect, increased government spending ...

The Possible Impact of Contracting Manufacturing in China
calculatedrisk.blogspot.com 11/2/2008 — From Bloomberg: China Manufacturing Contracts as Crisis Trims Exports The Purchasing Managers' Index fell to a seasonally adjusted 44.6 last month from 51.2 in September, the China Federation of Logistics and Purchasing said today ... That was the ...

What Does Fiscal Stimulus Mean?
moneyning.com 3/23/2009 — This is a guest post from Manshu, author of OneMint.com who started writing articles when he was majoring in finance. With the economy reeling under a recession, the word that you read quite frequently is stimulus. But what is it? First, let’s explore a few terminologies: recession, GDP, ...

GDP Negative as Consumer Spending Falls 3.1%
globaleconomicanalysis.blogspot.com 10/31/2008 — The US economy is sinking fast. We did no need to see the GDP numbers to know that but the figures are out. Here are the Third Quarter 2008 Advance GDP Numbers . Real gross domestic product -- the output of goods and services produced by labor and ...

If you only read one thing on China this fall …
blogs.cfr.org 11/27/2008 — Make sure it is the latest World Bank China Quarterly. David Dollar, Louis Kuijs and their colleagues have outdone themselves – and in the process provided a clear assessment of the sources of China’s current slowdown and the risks that lie ahead. ...

Real GDP fell slightly in 2008:Q3
econbrowser.com 10/31/2008 — The Bureau of Economic Analysis reported today that U.S. real GDP fell at a 0.3% annual rate in the third quarter of 2008. That's the second quarter of negative real GDP growth out of the last four, and puts the cumulative annual growth since 2007:Q3 ...

Financial Crisis and Recession
woodwardhall.wordpress.com 12/11/2008 — The Obama administration’s focus on infrastructure spending raises the natural question of the effect of government purchases on total GDP. Does government spending stimulate other categories of spending, especially consumer spending? Or does ...

Den Of Liars
market-ticker.denninger.net 12/24/2008 — That would be our government. It of course includes Congress, and until proven otherwise, all who came from Congress , including our President-Elect. Yeah, I know, we only have one President at a time. That's fine. But here's reality:  ...

How Not to Stimulate the Economy
gregmankiw.blogspot.com 12/22/2008 — In thinking through the fiscal policy options and their implications, it might be useful to compare a few hypothetical, fanciful scenarios. Suppose that the federal government borrows some money and then... Case A : uses the money to give a lump-sum ...