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Great piec on multipliers: Will the gov't spending work? Not for Keynsians.

Started by Riversider
almost 17 years ago
Posts: 13573
Member since: Apr 2009
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http://online.wsj.com/article/SB10001424052748704471504574440723298786310.html The existing empirical evidence on the response of real gross domestic product to added government spending and tax changes is thin. In ongoing research, we use long-term U.S. macroeconomic data to contribute to the evidence. The results mostly favor tax rate reductions over increases in government spending as a means to increase GDP.

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