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economistsview.typepad.com - 2/11/2009
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Justin Wolfers summarizes a paper that suggests government spending would be
better than tax cuts at reviving the economy:
Tax Cuts vs. Government Spending, by Justin Wolfers : As the Senate and the
House look to reconcile competing stimulus plans, the big debate is whether to ...
freakonomics.blogs.nytimes.com - 2/11/2009
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freakonomics.blogs.nytimes.com —
As the Senate and the House look to
reconcile competing stimulus plans, the big debate is whether...
to emphasize government spending or tax cuts. A new paper by the New York Fed's Gauti Eggertsson argues that the risk of deflation should tilt the ...
(more)
Tax Cuts vs. Government Spending
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Stefan Karlsson's blog —
Mark Thoma links to a New York Fed paper that argues that under a zero interest environment, tax cuts will have a contractionary effect. It is presented using the standard method that academic (neoclassical) economics uses to hide sloppy economic reasoning, which is to say the use of Greek letters and mathematical equations, but that won't work here because I am not impressed by that and instead translates it back to English so he won't be able to hide, and the assumptions behind these equations are essentially these: -Tax cuts will boost aggregate ...
Related: spending cuts vs. tax cuts washington post
