gregmankiw.blogspot.com - 1/12/2009
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Gary Becker : Perhaps their [Romer and Bernstein's] estimates of the stimulus provided by direct government spending are in the right ballpark, but I tend to believe that they are excessive. For one thing, the true value of these government programs may be limited because they will be put ...
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
gregmankiw.blogspot.com - 1/16/2009
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gregmankiw.blogspot.com —
The Chicago Tribune reports : John Cochrane, a
professor at the University of Chicago Booth School of...
Business, says that among academics over the last 30 years, the idea of fiscal stimulus has been discredited and in graduate courses, it is ...
(more)
More Spending Stimulus Skeptics
gregmankiw.blogspot.com - 1/19/2009
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gregmankiw.blogspot.com —
Paul Krugman is unhappy with the economics profession
: What’s been disturbing, however, is the parade of...
first-rate economists making totally non-serious arguments against fiscal expansion. You’ve got John Taylor arguing for permanent tax cuts as ...
(more)
Krugman on Stimulus Skeptics
Comments
Blog Reactions
Did Gary Becker Really Argue Complete Crowding-Out?
EconoSpeak —
Conservative criticism of the Obama fiscal stimulus plan seems to be reverting to mischaracterizing what certain economists have said. Brad DeLong is calling one foul on this score: Is there any way to interpret Greg Mankiw's Sunday New York Times other than as an elbow to Chtistie's ribs while he thinks the ref's eye is elsewhere? Christie certainly does not believe that tax multipliers are twice the size of spending multipliers. Greg Mankiw is now citing Gary Becker as one who thinks any increase in public infrastructure ...
Spending Stimulus Skeptics: Scraping the Bottom of the Barrel...
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
Greg Mankiw writes:
More Spending Stimulus Skeptics... Kevin "Dow 36000" Hassett:
We are in the midst of a crisis caused by so many financial institutions borrowing too much money. Somehow, a critical mass of policy makers now believes that the correct response is for the U.S. government to borrow too much money...
Can anybody tell me what the argument is going to be? Is it that the U.S. government's borrowing of an extra 6% of a year's GDP is going to cause the U.S. government to ...
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Stimulus Spending Skeptics
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In Which We Love Some But Not All Stimulus Spending Skeptics...
delong.typepad.com 1/30/2009 — Arnold Kling feels lonely and unloved:
I'm feeling somewhat lonely these days. My understanding of macroeconomics is closer to that of Paul Krugman, Mark Thoma, and Brad DeLong than it is to that of Robert Barro, John Cochrane, or Eugene Fama. ...
Democrats Among Stimulus Skeptics
washingtonpost.com 1/28/2009 — Some See Long-Term Goals Going Unmet Washington Post Staff Writer Wednesday, January 28, 2009; Page A01
Spending Does too Work!
delong.typepad.com 12/26/2008 — Tyler Cowen is too pessimistic:
Marginal Revolution: Fiscal policy and the burden of proof : Don't let those switches distract you. My point is simple: it is very hard to find examples of successful fiscal stimulus driving an economic ...
Infrastructure Spending as Stimulus
gregmankiw.blogspot.com 1/28/2009 — From Nobel laureate Gary Becker : Some of this infrastructure spending may be very worthwhile-I return to this issue a bit later- but however merited, it is difficult to believe that they would provide much of a stimulus to the economy. Expansion ...
All stimulus, all the time
meganmcardle.theatlantic.com 2/3/2009 — Paul Krugman clarifies his point about temporary versus permanent spending: Tyler's latest on temporary versus permanent government consumption clarifies what the confusion is over my very simple point .
I don't think Tyler understands what I (and ...
Fiscal Stimulus Skeptics: Jonah Goldberg Outdoes Kevin Hassett
econospeak.blogspot.com 1/14/2009 — Just one day after my nomination , I have to rescind and give my nomination for the dumbest criticism of the Obama fiscal stimulus to Jonah Goldberg . After 7 paragraphs of Goldberg’s typical meaningless ramblings, we finally get this: That might ...
Backus on Spending Stimulus
gregmankiw.blogspot.com 12/27/2008 — In response to a previous post , NYU econ prof David Backus sends me his views of a spending stimulus: Greg, I was surprised to see you mentioned as the only stimulus skeptic the Obama team could find. If you'd like company, let me add my name to ...
Spending and Tax Multipliers
gregmankiw.blogspot.com 12/11/2008 — A key issue facing the new Obama administration is to what extent the economic stimulus should take the form of spending increases versus tax cuts. One way to think about the issue is the size of the fiscal policy multipliers. The multipliers measure ...
After the stimulus
krugman.blogs.nytimes.com 11/18/2008 — For the coming year, and probably well beyond, the economy will be on life support - sustained by massive fiscal stimulus. (Either that, or we'll be in a very deep slump.) But eventually the economy will have to come off life support. What will take ...
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