johnbtaylorsblog.blogspot.com - 11/2/2009
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Along with the news that real GDP growth improved from -0.7 percent in the second quarter to 3.5 percent in the fourth quarter, the Bureau of Economic Analysis (BEA) released detailed National Income and Product Account tables yesterday, which received little comment in the press today. These ...
econbrowser.com - 10/30/2009
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econbrowser.com —
The Commerce Department reported today that the seasonally
adjusted real value of the nation's production of goods...
and services grew at a 3.5% annual rate during the third quarter, a little better than the 3.2% average seen since 1947. ...
(more)
A welcome GDP report
baselinescenario.com - 10/30/2009
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baselinescenario.com —
Yesterday morning I testified to a Joint Economic
Committee of Congress hearing. The session discussed the latest...
GDP numbers, the impact of the fiscal stimulus earlier this year, and whether we need further fiscal expansion of any kind. I argued that a global recovery is underway and in ...
(more)
Baseline Scenario, October 30, 2009
businessweek.com - 10/30/2009
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businessweek.com —
By overlooking cuts in research and development, product
design, and worker training, GDP is greatly overstating the...
economy's strength
(more)
The GDP Mirage
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Did the stimulus work?
Cafe Hayek —
Jeffrey Miron, Simon Johnson, Mark Thoma and I answer the question here. Here is John Taylor’s answer.
Amidst the Euphoria: Thoughts about Jobs and GDP
MV=PQ: A Resource for Economic Educators —
... 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 program is questionable. The second item is a post from John Taylor's blog. He does a good, short analysis of the recently released third ...
Related: how much did stimulus help 3.5% gdp growth
The 2009Q3 Advance GDP Release and Stimulus Measures
econbrowser.com 10/30/2009 — The 3.5% growth rate was, in my view, in large part attributable to direct measures to stimulate the economy, including direct spending on goods and services by the government (Federal, state and local), as well as tax measures. First, let's take a ...
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 ...
Government Site to Check —
Angry Bear
Mish sends us to " Track the Money ," recovery.gov's breakdown of where funds have been sent and spent. He's not happy, but I suspect he's suffering the Jared Bernstein Problem : only looking at one side of the equation. But—and this is the key "but"—the reason it is right to do that ...
"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? ").
The link is to the much shorter version that ...
"A Shaky Start" —
Economist's View
HTML clipboard 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? "). The link is to the much shorter ...
The China Stimulus Follies —
24/7 Wall St.
China managed to pull another rabbit out of its growth hat. The world’s most populous nation said its GDP grew 8.9% in the third quarter. Some outside analysts are skeptical about how China keeps its records of such things, but its economy is clearly growing faster than that of any other ...
Fiscal Imprudence and Fiscal Stimulus-Becker —
The Becker-Posner Blog
The government's preliminary estimate of the growth in American GDP during the third quarter of 2009 is an impressive annual rate of 3.5%. This figure may be revised downward (or upward) as more data on the third quarter become available, but it surely definitely signals that the US recession ...
5 Big Reasons Why You Should Doubt The US GDP Growth —
Daily Markets
It’s true, the 3.5 percent third quarter GDP growth could be a sign of good things to come… but most likely that’s not the case. Brian Sullivan of FBN has put together five reasons why the US is not recovering.
1. The money lost on stimulus spending - The 3.5 percent growth ...
The Death of Private Investment —
Cato @ Liberty
The Bureau of Economic Analysis released third-quarter gross domestic product numbers yesterday, and overall real growth at 3.5 percent was pretty good.
But examining the components of GDP reveals a more disturbing picture. While consumption, exports, and the government sector were up, ...
GDP Growth 3.5% in 3rd Quarter —
Economist's View
The stimulus package in action:
GDP Expanded 3.5% in 3rd Quarter, WSJ : The economy expanded in the third
quarter after shrinking for four consecutive quarters, likely marking an end to
the worst recession since World War II. But the recovery is expected to be slow,
as the economy ...
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