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- Stimulus Package Report Card: Has It Worked?
- So far, at least some of the $787 billion stimulus package is showing signs of success. But what about the longer term? And will it have been worth the cost? The answer is that at least some of the spending has goosed the economy. But it’s a tricky...
- Articles 2009-09-15
Additional Resources
- Final Thoughts: What Would Turn Me Against Fiscal Stimulus
- Let me start off the last day of this debate by detailing things that would make me abandon my position, and rush to agree with Tyler Cowen that fiscal stimulus is just too dangerous a policy to risk using. As I see it, there are four legitimate...
- Blog posts 2009-04-10
- Arguments Against Fiscal Stimulus Exhibit "Deep Incoherence"
- It seems to me that there is a deep incoherence in the argument that fiscal stimulus won't work. Nobody -- well, very few people -- doubts that when demand falls and unemployment starts rising and consumer prices flatten and start going down that it is appropriate for the Federal Reserve...
- Blog posts 2009-04-07
- Fiscal Stimulus Beats Doing Nothing -- By a Lot
- Tyler, you write that you "find a lot of wisdom in using monetary policy to regulate aggregate demand and evaluating government spending projects on their own merits." Let me say that I agree 100 percent -- in normal times. Our problem right now is that times are not normal, and...
- Blog posts 2009-04-07
- Brown puts fiscal stimulus centre stage
- A series of ministers will use this week's Labour party conference to claim government action helped pull the country back from the economic abyss, while their Tory counterparts will as surely use their own conference next week to blame the government for the downturn's depth.Gordon Brown drew the battle...
- External links 2009-09-27
- Takenaka rejects fiscal stimulus steps after dismal GDP
- TOKYO, March 8 Kyodo (EDS: RECASTING WITH TAKENAKA'S LATEST COMMENTS) Economic and fiscal policy minister Heizo Takenaka on Friday rejected calls to take additional fiscal steps to boost the economy, saying that despite the contraction in the October-December quarter he sees some bright signs for...
- Research articles 2002-03-11
- The Economy is in Too Much Trouble for Stimulus to Help
- I think again you are arguing "stimulus vs. doing nothing" rather than "stimulus vs. what I have proposed," as I noted earlier. I suspect the core difference between us has to do with political philosophy. I would be closer to your view if I felt there was...
- Blog posts 2009-04-10
- 100,000 jobs to go if stimulus cut - Henry
- A Senate inquiry will today drill Treasury secretary Ken Henry and his department over stimulus measures. TREASURY Secretary Ken Henry has warned a further 100,000 jobs could be lost if the Federal Government's planned stimulus spending is scrapped. Addressing a Senate inquiry in Canberra today, Dr Henry said withdrawing the...
- News items 2009-10-08
- The Business Council on the Rudd Stimulus Package | BTalk Australia
- (14min 55) After some argy-bargy in the Senate, the Australian government has passed a $42 billion fiscal stimulus package. About a third of the money will go in cash handouts to low and middle income earners, with most of the remainder allocated on infrastructure projects. There’s been...
- Blog posts 2009-02-19
- Will the Stimulus Become a $3 Trillion Nightmare?
- Mark J. Perry submits: From comments in the Reason.com Stimulus Symposium: Like all fiscal stimulus packages in the past, the current one will not impact the economy at the right time for the intended stimulus effect, due to the inevitable problems of long lags. Much of the intended...
- External links 2009-02-13
- 16 Ideas for the Next Stimulus Package
- Regular and voracious reader Ennyman tipped me to Incentives Matter, an economics blog by the lyrically-named economist Pedro Albuquerque (see Ennyman's interview with Albuquerque). As if on cue, yesterday saw the posting of Albuquerque's 16 directives for the U.S. government should follow to restore the economy with a minimum of...
- Blog posts 2009-02-17
- Retailers nervous about Christmas as Government stimulus fades
- The comments come despite a number of good results posted by retailers, as many executives expect consumers to pull back on spending as interest rates rise. Country Road chief executive Ian Moir told the Australian Financial Review that despite the company recording a 10.8% rise in sales for the first...
- News items 2009-10-28
- OECD Says Economic Damage Is Lasting, So Stimulus Should Continue
- Emerging-market economies are already in recovery, and the U.S. and Japan should soon follow, said the Organization for Economic Co-operation and Development OECD on June 25. But the next few years of recovery will be weak and fragile, and because the world's economic machinery has suffered severe damage that will...
- Blog posts 2009-06-25
- The Debate over the Stimulus Plan
- Our optimist, Professor Menzie Chinn of the University of Wisconsin, sees a bold investment that came not a moment too soon. Our skeptic, Garett Jones of George Mason University, smells a boondoggle. Follow their debate and decide for yourself who's right…When the president signed the American Recovery and Reinvestment Act...
- Articles 2009-03-17
- Barry Eichengreen Is Wrong: We Need to Pass a Bigger Stimulus
- Brad DeLong submits: Barry Eichengreen said he never understood the math of the stimulus: All Stimulus Roads Lead to China: Now that the “green shoots” of recovery have withered, the debate over fiscal stimulus is back with a vengeance. In the US, those who argue for...
- External links 2009-07-24
- Reviving Fiscal Policy - John Maynard Keynes
- Fiscal stimulus has long been de-emphasized as a policy tool in the United States. This economist takes a long-needed look at the most prominent research in the field, reviews it for Challenge, and concludes that it is time to think about fiscal stimulus again. IN the three decades following...
- Research articles 2001-05-01
- 4 Signs That China's Stimulus Has Boosted Its Economy and ETFs
- Tom Lydon ETF Trends submits: China may be on the right track and its stimulus package is starting to show some results in its economy and related ETFs. The stimulus package provided may be smaller than the previously stated $586 billion, or 14% of GDP, but it is still...
- External links 2009-03-17
- More Public Concern About the Chinese Stimulus
- Michael Pettis submits: Although I am often surprised by how eagerly foreign commentators have embraced the Chinese fiscal stimulus story and see it as a great, shining success, I am happy to say, mercifully, that in China there is a lot more skepticism. There seems to be a...
- External links 2009-07-24
- Thai Economists Support Stimulus Plans to Spur Growth.
- By Wichit Sirithaveeporn, Bangkok Post, Thailand Knight Ridder/Tribune Business News Sep. 26--Finance Ministry economists express confidence that continued fiscal stimulus under the 2003 budget will help support economic growth next year. The fiscal 2003 budget, which starts on Oct...
- Research articles 2002-09-26
- Rebates' Fiscal (Non)Stimulus
- FinancialSpiltMilk submits: While I do not have time at the moment to do a proper summary of this paper by John Taylor at Stanford, it is a good read and not that long. Bottom line, he updates a statistical analysis of the impact of fiscal stimulus spending, like we...
- External links 2009-01-10
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