Thursday, January 22, 2009

Robert Barro Looks at Wartime "Multipliers"

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

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1 comment:

  1. ChristianJanuary 23, 2009 at 5:39:00 AM CST

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

    ReplyDelete