econbrowser.com - 1/10/2009
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There's been a lot of discussion about how the lack of "shovel-ready" infrastructure projects puts a constraint on government investment spending as a mode for delivering stimulus, since most infrastructure projects take a long time to plan and build. But what if the negative output gap is ...
becker-posner-blog.com - 1/12/2009
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becker-posner-blog.com —
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 ...
(more)
On the Obama Stimulus Plan-Becker
krugman.blogs.nytimes.com - 1/6/2009
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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)
forbes.com - 1/7/2009
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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?
Comments
Blog Reactions
Economic Stimulus Package
Short-Term Trading —
... economy has lost more than 2.5 million jobs in the current recession. CNN "There's been a lot of discussion about how the lack of "shovel-ready" infrastructure projects puts a constraint on government investment spending as a mode for delivering stimulus, since most infrastructure projects take a long time to plan and build". "concerns about the time lags involved with investment projects are perhaps not as relevant as in the usual business cycle downturn". econbrowser May be but the idea of throwing such a huge amount of money into projects ...
Links 1/10/09
naked capitalism —
... Risk Banks May Take Hit on FHLB Stock Holdings Housing Wire Why Mortgage Payments Should be Lower than Rents Felix Salmon Warren On Tracking Bailout Funds: "This Isn't Rocket Science" TPM City wrong-footed by buoyant Christmas trading Telegraph. Retailers, that is. Business Week: Roubini Interview with Maria Bartiromo RGE Monitor 2009 Forecast Episode II: Deflation Strikes Back Accrued Interest Is the Implementation Lag for Infrastructure Investment a Problem? Menzie Chinn Antidote ...
links for 2009-01-10
Economist's View —
Is the Implementation Lag for Infrastructure Investment a Problem? - Econbrowser
Why stabilisation policy should focus on the poor - voxeu.otg
Andrew Mellon vs Bailout Nation - Bill Gross
The Fiscal Stimulus: What Will Work? - Bruce Bartlett
Debt and Wealth - Nick Rowe
U.S. Monetary Policy Objectives in the Short and Long Run - FRBSF
Fed Watch: Short Takes for January 11, 2009
Economist's View —
... . Given growing estimates of the output gap, there is
substantial concern that the early numbers are woefully insufficient to meet the
economic needs of the nation. The concern is accentuated by the large tax cut
component of the package, which is widely expected to have little bang for the
buck.
Menzie Chen argues that, contrary to concerns about enough shovel ready
projects, there is plenty of room for infrastructure stimulus given the depth
and duration of the expected output gap. And ...
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