Wednesday, January 28, 2009

Clear thinking about the stimulus

The best analytical framework to date for evaluating the impact of a fiscal stimulus policy is provided by Kevin Murphy, professor at the University of Southern California for a debate with Robert Lucas, and John Huizenga,and moderated by Myron Scholes at Chicago. Even acerbic Brad De Long says so, even though he disagrees with parameters values, and thus with Murphy's conclusions.

You can find the original Power Point presentation at:

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