Wednesday, March 3, 2010

Has Government Spending Increased At All?

Food for thought from this paper:

… Aggregate fiscal expenditure stimulus in the United States, properly adjusted for the declining fiscal expenditure of the fifty states, was close to zero in 2009. While the Federal government stimulus prevented a net decline in aggregate fiscal expenditure, it did not stimulate the aggregate expenditure above its predicted mean.

Via Marginal Revolution.

No comments:

Post a Comment

Post a Comment