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Fiscal stimulus

This tag is associated with 6 posts

Austerity Holding Back US Recovery as GDP Growth Revised Downwards to 1.8%

(Analysis) The US BEA revised downwards the rate of growth (annualized) during the first quarter of 2013 by 0.6% to 1.8%. This is a relatively large revision for a third and final revision to real GDP, so it is safe to assume that this new estimate is a surprise to many observers. The BEA identifies … Continue reading

A Challenge to any Well-meaning Policymaker Left in our Democracy

(Editorial) This content might be read as an open letter to our policymakers, who are the victims of receiving only self-serving advice from lobbyists and so-called independent policy experts. Whereas advice from policy research institutes and other ostensibly non-lobbying sources should serve as a guide for policymakers when judging policies lobbied for by big-pocketed special … Continue reading

Lackluster Economic Recovery as Corporations Still Skittish

(Analysis) Into a sixth year since the onset of the 2008-9 recession, the economic recovery remains lackluster. Employment by private industry in the US is still down by 1.6% in April when compared to 2007, even though the US population is larger. The headline unemployment rate remains elevated at 7.5%, and a broader measure of … Continue reading

Plucking the Feathers From Deficit Hawks

(Analysis) Recent events have changed the tenor of the budget debate worldwide. We are witnessing a moment when the entire support structure upon which the belief that there is a short-term debt problem rests, crumble. Each new day brings more data confirming both low borrowing costs for the US Government and no inflation problem in … Continue reading

NYS Manufacturing Slows as Federal Stimulus Wanes

(NYS) The monthly survey of manufacturers released by the Federal Reserve Bank of New York (FRB NY) on Apr. 15 shows that while the positive level for the general conditions index indicates manufacturing growth, there is a noticeable trend in the index – downwards, as federal stimulus spending recedes. Per the FRB NY: “The headline … Continue reading

Public Works: It’s Long Past Time to Reinvest in America

(Editorial) We are now into a sixth year of high unemployment and poor economic performance. We have tried continuous monetary easing here in the US, and it failed to recover our economy (see chart below comparing US output in blue with its potential in red). In Europe, they are trying to increase economic competitiveness by … Continue reading