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Government

David Romer

Barack Obama

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economistsview.typepad.com - 1/11/2009

Christina Romer on YouTube on the Stimulus Plan

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Paul Krugman is pushing for more: More on Romer/Bernstein : Still picking over the Romer/Bernstein official evaluation of the Obama economic plan. Again, kudos to the team for producing such a clear, honest assessment. But the more I look at the report, the more I ...

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krugman.blogs.nytimes.com - 1/6/2009

Stimulus arithmetic (wonkish but important)

— krugman.blogs.nytimes.com — Bit by bit we're getting information on the Obama stimulus plan, enough to start making back-of-the-envelope estimates... of impact. The bottom line is this: we're probably looking at a plan that will shave less than 2 percentage points off the average ... (more) Stimulus arithmetic (wonkish but important)

Government

Gross Domestic Product

Barack Obama

Comments vote downundo vote up Mises Economics Blog found this 1/6/2009found this

5

forbes.com - 1/7/2009

Will The Real Christina Romer Please Stand Up?

— forbes.com — Most people in the incoming Obama administration--and, indeed, most people-- believe that the Keynesian model of the... economy is basically correct. Developed from the theories of John Maynard Keynes, this model maintains that economies can veer away ... (more) Will The Real Christina Romer Please Stand Up?

Government

David Romer

Comments vote downundo vote up EconLog: Library of Economics and Liberty found this 1/7/2009found this

4

krugman.blogs.nytimes.com - 1/10/2009

Romer and Bernstein on stimulus

— krugman.blogs.nytimes.com — Is this enough? OK, Christina Romer and Jared Bernstein have put out the official (?) Obama estimates... of what the American Association of Retired Persons American Recovery and Reinvestment Plan would accomplish. The figure above summarizes the key ... (more) Romer and Bernstein on stimulus

Government

David Romer

Comments vote downundo vote up J. Bradford DeLong's Grasping Reality with All Eight ... found this 1/10/2009found this

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A scary analogy
Paul Krugman — Mark Thoma : I think the stimulus package is like driving up an icy hill. If you don’t have enough momentum from the start and fail to provide enough “stimulus” to get the car over the crest of the hill, you can slide all the way back to the bottom, crashing into things along the way and ending up worse off than when you started. Maybe you can give it more gas along the way if needed without spinning out, and perhaps you can hold your position if you don’t make it to the top, and then start again from the higher level, but that’s not a chance I want to take when I’m sitting at ...

Some links worth reading on fiscal stimulus
The visible hand in economics — There really is a pile of excellent economic discussion flooding out the the Economics blogsphere over recent months.  If the collapse of Lehman brother did nothing else - it got economists arguing! On the issue of a US “fiscal stimulus” there have been two main posts that I have found as convincing arguments against the “large stimulus” school of thought that is being sold by Paul Krugman and Mark Thoma.  These posts were by Tyler Cowen at Marginal Revolution and David Henderson at Econlog. ...