Economic Crisis Fiscal Policy March 13, 2009.

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Presentation transcript:

Economic Crisis Fiscal Policy March 13, 2009

Stimulus & Amtrak http://www.whitehouse.gov/photogallery/Middle-Class-Task-Force-Meeting-in-Philadelphia/

American Recovery Act http://www.recovery.gov/?q=content/investments

Mankiw & Multipliers “The results in Valerie Ramey's research suggest a government spending multiplier of about 1.4.” http://econ.ucsd.edu/~vramey/research/IdentifyingGovt.pdf

Economic Forecasts http://www.whitehouse.gov/administration/eop/cea/Economic-Projections-and-the-Budge-Outlook/

Nonfarm Payroll http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=CES0000000001&output_view=net_1mth

Discussion How do fiscal policy actions help to stimulate economic growth? Why economists estimate fiscal policy multipliers to be greater than one? Why fiscal policy actions have delayed or lagged effects on the economy? http://www.whitehouse.gov/administration/eop/cea/

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