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Did the Stimulus Work?
Many economists attribute the rise in the gross domestic product in the third quarter to the $787 billion federal stimulus package approved in February. But skeptics say the growth may be short-lived because government efforts to encourage consumer spending like the “cash for clunkers” program ...
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"A Shaky Start"
Economist's View — ... I have something at Room for Debate (written last Friday) on the the extent to which the recent improvement in GDP growth can be attributed to the stimulus package, and whether more stimulus is needed ("Did the Stimulus Work?"). ...

Did the stimulus work?
Cafe Hayek — Jeffrey Miron, Simon Johnson, Mark Thoma and I answer the question here. Here is John Taylor’s answer.

Morning Links
EconLog: Library of Economics and Liberty — ... , whose op-ed today gets into Reinhart-Rogoff territory without mentioning them. 2. The New York Times asks four economists if the stimulus worked . In case you're interested in arguing from authority, the only genuine macroeconomist in the bunch is Mark Thoma. My answer would have been "I don't know." ...

"A Shaky Start"
Economist's View — ... I have something at Room for Debate (written last Friday) on the the extent to which the recent improvement in GDP growth can be attributed to the stimulus package, and whether more stimulus is needed ("Did the Stimulus Work?"). ...

Formulation of the Problem
Lawrance G. Lux — ... I present this debate for my Readers, so they can more clearly understand my logic this morning; now, if I only had such additional Crib-Notes. Four different eminent economists have four different takes on the economy, all basically utilizing the same data. We are all agreed about how much has been spent on Stimulus, but the evaluative content on that expenditure has multiple interpretations depending on one’s own emphasis. Here are a few ideas the Reader might want to explore: 1) Stimulus dependent upon active Business organization does not hire labor at the same rate as ...

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