Wednesday, July 15, 2009

For Econ Geeks

Those of you who follow debates in economics are no doubt aware of the raging controversy about the so-called "Keynesian multiplier" associated with various economic policy alternatives. Whether or not it is wise to attempt to stimulate the economy, and how best to do it, has been the subject of an enormous amount of discussion--and blather--ever since the crisis began. Now (via Menzie Chinn) we at least have a survey of estimates of multipliers under various assumptions and according to a wide range of models. A contribution to more informed blather ...

No comments: