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
Discussion about
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.