This post from Noahpinion is amusing. He ties himself in knots with the apparent goal of labeling me a hypocrite on the issue of fiscal stimulus.
In fact, if you read my recent writings about fiscal stimulus (in order, here, here, here, here, and here), you will find that I have never asserted that the Obama stimulus was a complete failure in expanding aggregate demand. Instead, I have suggested that there might well have been much better ways to promote recovery. The last article in the list above, soon to be published in the Brookings Papers on Economic Activity, concludes that from a welfare standpoint, "conventional fiscal policy is the demand management tool of last resort." In other words, in that model, conventional fiscal policy is effective, but it is still not the best tool to take off the shelf when facing a collapse in aggregate demand.
Some may think I am being coy. I consider myself nuanced and open-minded. Read the articles at the links above and judge for yourself.
women clipart, women artist, digital women planner, digital women com daily, digital women printables, digital woman, digital women art, 3d women
Subscribe to:
Post Comments (Atom)
Followers
Blog Archive
-
▼
2011
(410)
-
▼
August
(26)
- pumpkin gooey butter cake
- The Economics of Paying for Disaster Relief
- Glaeser on Mortgage Modification
- Alan Krueger to chair CEA
- Finally, some good economic news
- Auctioning Public Parking Spaces
- An Animated 4-Minute History of Econ
- apron in an hour
- Jeff Miron on Capitalism
- Split-Rated
- I am nothing
- WWYM: mommy & me pajama pants
- Economics Teaching Conference
- getting settled
- Showing Up in Unexpected Places
- A Reading for the Pigou Club
- Coy or Nuanced?
- I talk to Larry Kudlow
- I talk to Reuters
- a special request birthday shirt
- Former Fed Officials Opine
- Federal Nondefense Spending (% of GDP)
- viva la fiesta outfit
- Rogoff on the Great Contraction
- shirred bloomers (a.k.a. not a very exciting post)
- An Externality
-
▼
August
(26)
No comments:
Post a Comment