…policy. For a fiscal stimulus (current tax cut or public spending increase) to boost demand, it is necessary that the markets and the public at large believe that sooner or…

…that the receiving governments and contractors can begin the hiring process. How much of the total package is committed in the first two fiscal years? Most of it. FY 2009:…

…was his link to the latest from Jagadeesh Gokhale and Kent Smetters: the nation’s fiscal imbalance has grown from around $44 trillion dollars as of fiscal yearend 2002 to about…

…and more of the 1966 fiscal situation and the resulting Credit Crunch. As we noted, the economic advisors to President Johnson warned him that continued fiscal stimulus would crowd-out investment….

…talk much about during his prepared remarks was the federal budget deficit or the long term fiscal problems that the US is facing. During questioning, however, Bernanke did clearly say…

…tight monetary policy allowed aggregate demand to eventually catch up with potential output. Of course, classical economists at the time preferred to look at the long-run implications of this fiscal-monetary…

…in revenues for fiscal 2005 (the fiscal year ended last September). In a recent budget update (October 6), CBO estimated fiscal 2005 revenues at $2.154 trillion. So, for this “someone”…

Last week, White House economic advisor Allan Hubbard and Fed Chairman Alan Greenspan both made incomplete or inaccurate comments regarding the fiscal challenges facing the United States. See pgl on…

…a Republican, but they said they wanted me anyway. I suppose they knew that I have become very disturbed by the Republican party’s fiscal policy and they presumed that I…

…like the tax cuts in the 1920’s – were part of aggregate demand stimulus packages. But let’s have Nouriel take the microphone: So today Laffer argued that the latest fiscal…