online.wsj.com - 11/2/2009
—
EDWARD P. LAZEAR With the news that GDP grew at 3.5% in the third quarter, it seems apparent that economic recovery is underway. How much of this was a result of government programs? To evaluate this, it is important to understand what constitutes a recovery. There are three developments needed ...
Comments
Blog Reactions
Amidst the Euphoria: Thoughts about Jobs and GDP
MV=PQ: A Resource for Economic Educators —
... The first is an opinion piece from today's edition of The Wall Street Journal. The author points out that claims from or about any administration, and I underscore any administration about its ability to create, save, destroy is optimistic at best. Unless everyone is employed by government and in a very small economy, there is just no way to work through the details of every job to verify the claim. The best one can do in a very large, dynamic economy is look at net gains/losses in jobs. And even then, to claim success or blame failure on a specific ...
Stimulus, Growth and Recovery: The Debate Continues
The Powell Perspective —
... There is growing intelligent dissent to the administration’s stimulus policy. Critics argue that recent growth is the result of market principles. Edward P. Lazear wrote Monday in the WSJ, that he forecasted a return to growth without stimulus spending. He goes on to argue, along with ...
Related Content
Jobless Recovery?
aiki14.com 10/4/2009 — So you hear the term “Jobless Recovery” in the News, I want to take a look at the concept. The first thing that comes to my mind is the term is an oxymoron. After a little thought I think it is necessary, in order to have a meaningful ...
Ed Lazear on the Stimulus Package
econbrowser.com 7/12/2009 — From the WSJ editorial page :
Only a small share of the spending will occur in 2009, even though Keynesians would argue that stimulus spending should be frontloaded to kick-start growth. The Congressional Budget Office estimates that the largest ...
Every recovery is the same; each recovery is different
macroblog.typepad.com 8/7/2009 — Two weeks ago, macroblog looked at the rather pessimistic expectations for what the economic recovery might look like this time around. Included was part of the narrative noting that structural adjustments are likely to impede a quick snapback in ...
We Are Live at The Week with "The Jobless Recovery Has Begun"...
delong.typepad.com 7/21/2009 — http://www.theweek.com/article/index/98770/The_jobless_recovery_has_begun : May I beg after the fact for "the jobless reovery may well be about to begin" for a title? I feel a bit overexposed here...
The financial crisis that gathered force ...
CEA Chair Lazear on the Economy
econbrowser.com 1/13/2009 — From Washington Post :
... "It does look like a great eight years, aside from the last quarter, unfortunately," Edward P. Lazear, chairman of Bush's Council of Economic Advisers, said in a recent interview. "In the long term, things look good. The ...
The growing case for a jobless recovery
macroblog.typepad.com 10/21/2009 — The Wall Street Journal repeats the unhappy news :
"Companies across the economy are holding off on hiring even as the profit outlook improves, amid economic uncertainty and their own success at raising productivity in rough waters.
"Hiring ...
Recovery? How, Given THIS?
market-ticker.denninger.net 10/24/2009 —
This is the sort of thing that, in my opinion, makes meaningful economic recovery impossible. (Click for a larger copy)
Here's what it says:
To continue to provide our customers with access to credit, we have had to adjust our ...
Do We Need a Second Stimulus?
online.wsj.com 7/9/2009 — EDWARD P. LAZEAR In "Brewster's Millions," a comedy starring Richard Pryor, a man is told he can keep $300 million if he manages to spend $30 million in one month. The movie documents -- with a great deal of humor -- his difficulties getting the money ...
The 2009 Jobless Recovery
calculatedriskblog.com 26 days ago — The following graph shows the maximum number of net jobs lost after the end of several official recessions (both in numbers and as a percent of peak employment prior to the start of the recession). Note: The last two columns assume the 2007 recession ...
Follow WallStreetBlips on Twitter
Reactions
