krugman.blogs.nytimes.com - 10/30/2009
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The good news from the new GDP report is that the fiscal stimulus seems to be working just about the way a sensible Keynesian approach says it should. That's also the bad news. f
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
curiouscapitalist.blogs.time.com - 10/29/2009
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curiouscapitalist.blogs.time.com —
What can we learn from this morning's surprisingly
strong 3.5% real GDP growth report ? 1) Goldman...
Sachs does not know all. The bank's economists had been on eerie run of sending out prescient alerts the day before major data releases—mainly the ...
(more)
The Curious Capitalist
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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Krugman Misses The Point On Stimulus
Stefan Karlsson's blog —
Paul Krugman hails the alleged 3.5% growth rate in the third quarter as a vindication of Keynesianism. Against those non-Keynesians who argue that growth was "artificial" because it was the result of "cash for clunkers" and other parts of the stimulus package, he correctly pointed out that "artificial" (in the sense of being caused by government action) is in fact the intended effect and purpose of the stimulus package. If it didn't cause growth to be higher, it wouldn't make sense to implement it, but if it does cause growth to be higher than it has achieved its ...
links for 2009-10-30
Economist's View —
... The Great Depression And The Great Recession - Bruce Bartlett
Stimulating thoughts, 3rd quarter edition - Paul Krugman ...
I only know what I know!
Lawrance G. Lux —
Here is the thing that the kids should know: Economists thought so much of Paul Krugman that they gave him a Nobel Prize; me they ignore as much as possible. There may be something to say about the quality of work involved, though I dislike that Thought. This latest Point from Krugman still bothers me; I thinking that Stimulus should be more than Make-Work. I could delve into some economic aspects, and ask if Recession does not reflect the overuse of resources to some degree. Stimulus, under those conditions, will cancel the recovery aspects for resource use; especially if there ...
More Bull From Paul Krugman: Making The Case For A 15th Stimulus
The Daily Bail —
... to blame? The buck stops with the president. But did his economic advisers make it clear to him that the proposed stimulus was way short of what the math suggested we needed, even given what was known in January? Or was Mr. Obama really led to believe that his stimulus proposal was as bold as he claimed it was?
I don’t know. But I’ve got a sick feeling about the whole situation.
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Me too, Paul. Me too.
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Krugman's not done making his case:
The good news from the new GDP report is that the ...
Related Content
Random Thoughts on the Q3 GDP Report
calculatedriskblog.com 10/30/2009 — After the Q1 GDP report was released, I wrote: GDP Report: The Good News . The headline number in Q1 was ugly, but there was a clear shift in the negative GDP contributions from leading sectors to lagging sectors. Here is a repeat of the table from ...
Slovenia Has a Better Quarter, But the Slump Continues
eurowatch.blogspot.com 9/1/2009 — Sovenian GDP fell by 9.3 percent in the second quarter of this year when compared to the second quarter of 2008. This was the third quarter in a row which has seen a fall in Slovene GDP, and the was the deepest annual drop so far in the current economic crisis. In the first half of 2009, GDP ...
Slovenia Has a Better Second Quarter, But the Slump Continues
fistfulofeuros.net 9/1/2009 — Sovenian GDP fell by 9.3 percent in the second quarter of this year when compared to the second quarter of 2008. This was the third quarter in a row which has seen a fall in Slovene GDP, and the was the deepest annual drop so far in the current economic crisis. In the first half of 2009, GDP ...
Slovenia Has a Better Second Quarter, But the Slump Continues
globaleconomydoesmatter.blogspot.com 9/1/2009 — by Edward Hugh: Barcelona Sovenian GDP fell by 9.3 percent in the second quarter of this year when compared to the second quarter of 2008. This was the third quarter in a row which has seen a fall in Slovene GDP, and the was the deepest annual drop so far in the current economic crisis. In the ...
Market Cheers Over Ugly GDP Report
globaleconomicanalysis.blogspot.com 10/31/2009 — The stock market and commodities are giddy today on the Third Quarter Advance GDP Estimate which increased at an annualized rate of 3.5%. Real gross domestic product -- the output of goods and services produced by labor and property located in the ...
Is Germany Dependent on Exports to Grow?
fistfulofeuros.net 9/30/2009 — The analysis that follows should really be taken along with Edward’s recent thoughts on the Global Imbalances situation as well as his latest economic survey of the current state of play in the German economy .
Essentially, I am going to have a look at what is, arguably, one of the more ...
On Revisions and on Conditioning
econbrowser.com 11/1/2009 — Both have to be "handled with care".
Revisions
We're all tempted to make predictions on the basis of the last data point. And even more difficult to resist is the temptation to make definitive statements on the basis of data that are sure to ...
Will rising oil prices derail the recovery?
econbrowser.com 24 days ago — Last April I described new research on the role of oil prices in the recent recession. Here's an update on what's happened since then.
In a paper presented at the
Brookings Institution last spring , I examined the post-sample forecasting ...
The 4 percent solution
krugman.blogs.nytimes.com 9/29/2009 — If we get real health care reform AND we get a sane political scene the long-term fiscal outlook is serious but not scary.
Business this week —
The Economist: Full print edition 10/29/2009
America’s GDP grew in the third quarter, the first time its economy has expanded in more than a year. Home resales jumped by 9.4% in September from August, the biggest rise in 26 years, as first- time buyers rushed to take advantage of a tax ...
Overview —
The Economist: Full print edition 10/29/2009
Britain’s GDP fell by 0.4% in the third quarter, the sixth consecutive quarterly decline. The news from America’s housing market continued to be mixed. Sales of new homes unexpectedly fell by 3.6% in September but sales of existing homes ...
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