forbes.com - 1/9/2009
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Last year at this time, Congress and the White House were so concerned about an economic downturn that they agreed in record time to a $152 billion stimulus bill that sent $300 rebate checks to every taxpayer. The theory was that people would immediately run out and buy $300 worth of stuff; this ...
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)
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 - 1/15/2009
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gregmankiw.blogspot.com —
Eugene Fama is a stimulus skeptic . In
fact, he is even more skeptical than I am....
I am willing to concede that many Keynesian effects work in the short run, although I prefer monetary policy to fiscal policy and, within fiscal policy, I prefer the ...
(more)
Fama on Fiscal Stimulus
Comments
Blog Reactions
Assorted links
Marginal Revolution —
1. Defending Pluto as a planet
2. David Brooks on recovery; very good.
3. Acemoglu on the crisis, and summarized by Simon Johnson.
4. "Gourmand syndrome: eating passion associated with right anterior lesions"? Oddly, it's about quality, not quantity.
5. Bruce Bartlett: what kinds of stimulus work?
6. The GMAC debacle.
7. Fiscal stimulus: survey of the skeptics.
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
Is the Prospect of Stimulus De-Stimulating?
EconomistMom.com —
... But I really think Bruce Bartlett may have a legitimate new worry about why the “new jobs” tax credit, and all the talk of it being in the works, may turn out to be even counterproductive. In a column for Forbes, Bruce writes (emphasis added): ...
Related Content
Fiscal stimulus: More needed?
woodwardhall.wordpress.com 2/1/2009 — The House has passed HR1 and the Senate is working on a counterpart fiscal stimulus bill. We will discuss HR1 for the sake of specificity and in the belief that the final law will be fairly similar to HR1.
The table below shows the Congressional ...
What Does Fiscal Stimulus Mean?
moneyning.com 3/23/2009 — This is a guest post from Manshu, author of OneMint.com who started writing articles when he was majoring in finance.
With the economy reeling under a recession, the word that you read quite frequently is stimulus. But what is it? First, let’s explore a few terminologies: recession, GDP, ...
U.S. Fiscal Stimulus Revisited
economy.com 8/19/2009 — The moment of truth is at hand for the U.S. fiscal stimulus plan. The stimulus that became law in February should reach its point of maximum economic benefit this summer. If the plan is working, retailing will improve soon, and businesses should ...
A Federalist Fiscal Stimulus
gregmankiw.blogspot.com 11/1/2008 — Many economists are calling for another fiscal stimulus package. For example, Martin Feldstein, who once wrote an article called "The Retreat from Keynesian Economics," recently pulled a full Keynesian in an article in the Washington Post : The only ...
Barro on Fiscal Stimulus
gregmankiw.blogspot.com 1/28/2009 — From my Harvard colleague Robert Barro : in terms of fiscal-stimulus proposals, it would be unfortunate if the best Team Obama can offer is an unvarnished version of Keynes's 1936 "General Theory of Employment, Interest and Money." The financial ...
Is There Room For Fiscal Stimulus?
economy.nationaljournal.com 10/17/2008 — As Washington's
attention shifts to weakness in the broader economy, Democrats and some
Republicans are talking about a new injection of fiscal stimulus, $300 billion
or more. But this is not an ordinary slowdown. Considering the size of the
deficit ...
McCain on the Fiscal Stimulus
econospeak.blogspot.com 2/10/2009 — The GOP 2008 nominee for the Presidency appeared on Face The Nation and made some incredibly stupid remarks: I think it’s a massive -- it’s much larger than any measure that was taken during the Great Depression ... I know America needs a stimulus. ...
Non-arguments Against the Fiscal Stimulus
econospeak.blogspot.com 1/17/2009 — Greg Mankiw has another post where the reader might think there is some argument against the Obama fiscal stimulus proposal – but once again, the reader finds nothing : John Cochrane, a professor at the University of Chicago Booth School of ...
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 ...
FT.com / Comment / Opinion - The stimulus is a fiscal straitjacket
ft.com 1/28/2009 — The US debate over the fiscal stimulus is remarkable in its neglect of the medium term – that is, the budgetary challenges over a period of five to 10 years. Neither the White House nor Congress has offered the public a scenario of how the proposed ...
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