7th February 2012
Laura Tyson, a former chair of the US President's Council of Economic Advisers says for the next few years US fiscal policy should focus on the nation's three significant deficits – jobs, investment, and growth but only implemented "once the economy has recovered." Project Syndicate
What does it mean to be a ‘Keynesian'? Jonathan Portes, former chief economist at the Cabinet Office, claims that, like so much in economics, the label has become politicised. "The cost is an impoverished policy debate that is resulting in millions of avoidable job cuts." Vox eu
In response to the often misleading question within the economics profession, "What is the fiscal multiplier?" This Economics Letter reviews recent research on the economic effects of fiscal policy and concludes that there is no single fiscal multiplier that sums up the economic impact of fiscal policy. FRBSF
Johnathan Gruber, a key figure behind both the Massachusetts and Obama healthcare reforms, talks about the purpose and uses of public finance economics, and explains how Romneycare and Obamacare are both different and alike. The Browser
Noah Smith responds to Bryan Caplan's "somewhat pointless question" of "How deserving are the poor?" by asking the counter-question: "Who cares?" Noahpinion
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