…This would only be ameliorated to the extent that second-order effects — policy-induced NGDP increases — resulted in higher tax revenues. But from View #3 (government including the CB), “public…

…have been able to describe the effects on real output and inflation. And if we were to get some smart economists working in effective demand, we might more clearly see…

…less cost. Economics online from the UK… “The effects of an increase in capital investment “The initial impact of investment is on the AD (aggregate demand) curve, which shifts to…

…finds strong evidence that the effects were not achieved only through the exchange rate — there is a very significant partial correlateion between the break even inflation rate and the…

…some adjustment cost. Otherwise investment gross of depreciation bounces up and down (and is often negative). In fact, the model will show absurdly high effects of fiscal policy on investment….

…on the reality of distribution-related MPC effects. I’ll disagree, respectfully, if you claim that for supply-side or libertarian reasons we should ignore that reality and prefer other means of supporting…

…are already quite low, so that it’s hard to get big effects out of lowering them still further. … An aside: one little-known aspect of the literature on trade liberalization…

…higher interest rates leads to less consumption and more saving. Just look at the financial repression in China, where higher returns to savings increase consumption. 3 basic effects on consumption……

…force is bad for the ex workers and a bad example for their kids. There is no reason to think that working part time has similarly bad social effects. Milbank’s…

…Literature by Alan J. Auerbach of the University of California, Berkeley, and Joel Slemrod of the University of Michigan, which found almost no “real” effects on the economy despite massive…