Archive for January 12th, 2011

Casey Mulligan on Stimulus Spending and Investment


Wednesday January 12th, 2011   •   Posted by Emily Skarbek at 1:54pm PDT   •   0 Comments

Over at Economix, Casey Mulligan has a nice illustration of Austan Goolsbee’s approach to economic planning. In essence, targeted means of stimulating investment (say, with New Homebuyer tax credits) don’t work to increase investment, and thereby employment, in the short-run. Rather these types of subsidies have drive up prices for current asset owners—constituting windfall…
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