Multiplicador de zero
Economia

Multiplicador de zero


Debating economic policy

Stimulus, austerity and the weltgeist

The Economist
Mike Grabell is out with a book-length investigation of the stimulus, titled "Money Well Spent?"
In an interview last week on NPR's Fresh Air, Mr Grabell said the stimulus effort had its good points and its bad points...
In an excerpt from the book on the electric car and battery industry jump-started by stimulus funding, Mr Grabell says the jury is still out...
Over the past month, Paul Krugman, Brad DeLong, and Simon Wren-Lewis engaged in an interminable duel with Tyler Cowen, Scott Sumner, sort-of Karl Smith (occupying as usual an esoteric position not easily placed on the ideological grid), and probably some other people I'm forgetting—over an old argument by John Cochrane claiming that the multiplier effect of government stimulus spending probably ought to be zero...
Two weeks ago, Mr Cochrane responded to the argument in a fashion that suggested that either he has changed his mind, or he never thought what the expansionary-austerity people claimed he did in the first place...
Niall Ferguson has spent the last three years arguing, contra Paul Krugman, that America is courting disaster by allowing deficits to balloon its national debt to such high levels, and will have to reign in spending or face a crippling rise in interest rates. Last week, in an interview with Henry Blodget, he admitted defeat.
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Vaja também:
Antony Mueller: The stimulus scam



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- Evidências Do Fracasso Da Política Expansionista Americana
Daily Policy Digest The U.S. Experience with Fiscal Stimulus The Obama administration's American Recovery and Reinvestment Act (ARRA), better known as the "stimulus" package, reinvigorated the national debate regarding stimulus spending and...

- Keynes' Teoria Especial
TheMoneyIllusion A slightly off-center perspective on monetary problems. The Special Theory of Employment, Interest and Money I recently reread John Cochrane’s now infamous 2009 attack on fiscal stimulus for about the 4th time, and it’s not getting...

- Política Macroeconômica De Estímulos Fiscais - Sim Ou Não?
Background readingMonetary policy: The right stimulus counterfactual Fiscal policy: Flying blind Buttonwood: Running out of options Stimulus: Erring on the side of incaution Fiscal stimulus: When does fiscal stimulus work? American economic...

- Contra Keynes E O Keynesianismo Moderno
"... Robert Barro, Harvard University, said of the Obama fiscal stimulus proposal: "This is probably the worst bill that has been put forward since the 1930s. I don't know what to say. I mean it's wasting a tremendous amount of money. It has some...

- O Estímulo Fiscal, Um Ano Depois
Robert Barro, da Harvard University, investiga o tamanho dos multiplicadores de gastos e tributos e conclui, no WSJ: "We can now put the elements together to form a "five-year plan" from 2009 to 2013. The path of incremental government outlays over the...



Economia








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