The Keynesian Attraction, Bryan Caplan | EconLog | Library of Economics and Liberty

http://econlog.econlib.org/archives/2010/10/the_keynesian_a.html

 


The Effects of Fiscal Stimulus: Evidence from the 2009 ‘Cash for Clunkers’ Program — by Atif Mian, Amir Sufi

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The Effects of Fiscal Stimulus: Evidence from the 2009 ‘Cash for Clunkers’ Program — by Atif Mian, Amir Sufi


Mr. Keynes’s Aggregates Concealing the mechanisms of change.

http://www.thefreemanonline.org/headline/keynes-aggregates/#


Good Riddance, Christina Romer. Now How Will You Get Your Soul Back?

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Good Riddance, Christina Romer. Now How Will You Get Your Soul Back?


“Measuring” the impact of the stimulus

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“Measuring” the impact of the stimulus


Alan Blinder and Mark Zandi’s Keynesian Black Box

http://www.cato.org/pub_display.php?pub_id=12010


Rajan on Monetary Policy or Fiscal Policy

http://blogs.chicagobooth.edu/n/blogs/blog.aspx?nav=main&webtag=faultlines&entry=17


Why Obamanomics Has Failed

http://online.wsj.com/article/SB10001424052748704629804575325233508651458.html?mod=WSJ_Opinion_LEADTop#printMode


Krugman vs. Cato on Cutting Back Spending

http://www.cato-at-liberty.org/2010/05/31/krugman-vs-cato-on-cutting-back-spending/


Stimulus

John Cochrane:

Fiscal Stimulus, Fiscal Inflation, or Fiscal Fallacies?

http://faculty.chicagobooth.edu/john.cochrane/research/Papers/fiscal2.htm

Barro:

Government Spending Is No Free Lunch

http://online.wsj.com/article/SB123258618204604599.html

(Includes war time expenditures during GD)

Fama:

Bailouts and Stimulus Plans

http://www.dimensional.com/famafrench/2009/01/bailouts-and-stimulus-plans.html

Levine:

An Open Letter to Paul Krugman

http://www.huffingtonpost.com/david-k-levine/an-open-letter-to-paul-kr_b_289768.html


Large Changes in Fiscal Policy: Taxes Versus Spending

http://www.nber.org/papers/w15438.pdf

We examine the evidence on episodes of large stances in fiscal policy, both in cases of fiscal stimuli and in that of fiscal adjustments in OECD countries from 1970 to 2007. Fiscal stimuli based upon tax cuts are more likely to increase growth than those based upon spending increases. As for fiscal adjustments, those based upon spending cuts and no tax increases are more likely to reduce deficits and debt over GDP ratios than those based upon tax increases. In addition, adjustments on the spending side rather than on the tax side are less likely to create recessions. We confirm these results with simple regression analysis.


Krugman vs. Cato on Cutting Back Spending

http://www.cato-at-liberty.org/2010/05/31/krugman-vs-cato-on-cutting-back-spending/


Don’t Call it “Stimulus”

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Don’t Call it “Stimulus”


Is Stimulus Spending Good for the Economy?

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Is Stimulus Spending Good for the Economy?


Understanding Say’s Law of Markets

http://www.thefreemanonline.org/featured/understanding-says-law-of-markets/


Economists Have No Clothes – James Buchanan

“Why have economists had so little meaningful to say about the 2008 crises? Where and
when did the ‘science’ get off the track? Can anything be done to restore respectability to
Economics as a useful area of inquiry? This short essay examines these questions.”

http://www.rmm-journal.de/downloads/010_buchanan.pdf

HT: Marginal Revolution: http://www.marginalrevolution.com/marginalrevolution/2010/02/economists-have-no-clothes.html


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