Thursday, January 22, 2009

Robert Barro Looks at Wartime "Multipliers"

Of course, they are less than one: public spending crowds out private spending.

Posted by Casey B. Mulligan at 9:47 AM
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1 comment:

Christian said...

What do you say to Paul Krugmans reply?
( http://krugman.blogs.nytimes.com/2009/01/22/war-and-non-remembrance/ )

January 23, 2009 at 5:39:00 AM CST

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