]> http://www.greenedia.com/tags/fiscal Blog Articles Tagged with 'fiscal' at http://www.greenedia.com en http://www.greenedia.com/sectors/directory/economists-view/150877?rsstype=tag&tag=fiscal Brad DeLong says two big mistakes made the crisis worse:The Road to Depression, by Brad DeLong, Project Syndicate: For 15 months, the United States Federal Reserve, assisted by the financial regulators of the US Treasury, have been trying..., above a... http://www.greenedia.com/sectors/directory/economists-view/150877?rsstype=tag&tag=fiscal Sat, 29 Nov 2008 13:44:00 -0500 http://www.greenedia.com/sectors/directory/economists-view/150879?rsstype=tag&tag=fiscal More from Paul Krugman. This is from the New York Review of Books (there's much more in the original):What to Do, by Paul Krugman, NY Review of Books: What the world needs right now is a rescue operation. The global credit system is in a state of par... http://www.greenedia.com/sectors/directory/economists-view/150879?rsstype=tag&tag=fiscal Fri, 28 Nov 2008 18:42:00 -0500 http://www.greenedia.com/sectors/directory/economists-view/150887?rsstype=tag&tag=fiscal Moral hazard has its costs, but it also has its benefits : Fed Intervention: Managing Moral Hazard in Financial Crises, by Harvey Rosenblum, Danielle DiMartino, Jessica J. Renier and Richard Alm, Economic Letter, FRB Dallas: Editor's note: Federal a... http://www.greenedia.com/sectors/directory/economists-view/150887?rsstype=tag&tag=fiscal Wed, 26 Nov 2008 15:51:00 -0500 http://www.greenedia.com/sectors/directory/economists-view/150889?rsstype=tag&tag=fiscal I've been arguing that government spending is preferable to tax cuts as a means of stimulating the economy. Via an email from Bob Hall, anargument against that position from a paper described below:General StimulusCurrent forecasts have real GDP reac... http://www.greenedia.com/sectors/directory/economists-view/150889?rsstype=tag&tag=fiscal Wed, 26 Nov 2008 03:33:00 -0500 http://www.greenedia.com/sectors/directory/economists-view/150894?rsstype=tag&tag=fiscal John Taylor is not ready to give up on tax cuts, nor is he ready to adopt traditional Keynesian ideas:Why Permanent Tax Cuts Are the Best Stimulus, by John B. Taylor, Commentary, NY Times WSJ: The incoming Obama administration and congressional Democ... http://www.greenedia.com/sectors/directory/economists-view/150894?rsstype=tag&tag=fiscal Tue, 25 Nov 2008 03:33:00 -0500 http://www.greenedia.com/sectors/directory/economists-view/150897?rsstype=tag&tag=fiscal Does Christina Romer believe fiscal policy won't work to cure a recession? (No, she doesn't):Dueling outlooks, Free Exchange: ...At the heart of depression economics, [Paul] Krugmanhas said, is the collapse of policy certainties . Or as he put in in... http://www.greenedia.com/sectors/directory/economists-view/150897?rsstype=tag&tag=fiscal Tue, 25 Nov 2008 00:09:00 -0500 http://www.greenedia.com/sectors/directory/economists-view/150230?rsstype=tag&tag=fiscal I agree with some of this, but I don't think the main thrust of Tyler Cowen's lessons from the New Deal are the same as mine (e.g. see Validating Fiscal Stimulus ):The New Deal Didn't Always Work, Either, by Tyler Cowen, Economic View, NY Times: Man... http://www.greenedia.com/sectors/directory/economists-view/150230?rsstype=tag&tag=fiscal Sat, 22 Nov 2008 05:07:00 -0500 http://www.greenedia.com/sectors/directory/economists-view/150231?rsstype=tag&tag=fiscal Jeff Sachs:A worldwide vision of sustainable recovery, by Jeffrey Sachs, Commentary, Project Syndicate: The global recession now under way is the result not only of a financial panic, but also of more basic uncertainty about the future direction of t... http://www.greenedia.com/sectors/directory/economists-view/150231?rsstype=tag&tag=fiscal Sat, 22 Nov 2008 04:35:00 -0500 http://www.greenedia.com/sectors/directory/economists-view/150234?rsstype=tag&tag=fiscal In short, cheap capital is important for employment. :Assessing the impact of the financial crisis on the US labour market, by Peter Auer, Raphael Auer, and Simon Wehrm ller, VoxEU.org: ...In this column, we examine the extent to which the high cos... http://www.greenedia.com/sectors/directory/economists-view/150234?rsstype=tag&tag=fiscal Fri, 21 Nov 2008 17:07:00 -0500 http://www.greenedia.com/sectors/directory/economists-view/150242?rsstype=tag&tag=fiscal Paul Krugman sets the record straight. Again:Amity Shlaes strikes again, by Paul Krugman: When you hearclaims that the New Deal made the depression worse, they often come directly or indirectly from the work of Amity Shlaes, whose misleading statisti... http://www.greenedia.com/sectors/directory/economists-view/150242?rsstype=tag&tag=fiscal Wed, 19 Nov 2008 17:34:00 -0500 http://www.greenedia.com/sectors/directory/environmental-economics/150284?rsstype=tag&tag=fiscal From the WSJ's Real Time Economics blog:Members of the Journal's CEO Council tasked with discussing priorities for the U.S. economy and finance offered several fairly uncontroversial suggestions to the incoming administration: implement a fiscal stim... http://www.greenedia.com/sectors/directory/environmental-economics/150284?rsstype=tag&tag=fiscal Tue, 18 Nov 2008 17:51:00 -0500 http://www.greenedia.com/sectors/directory/economists-view/150246?rsstype=tag&tag=fiscal I missed this when it came out last Wednesday, so thanks for the email:Edmund S. Phelps: What Has Gone Wrong up until Nowmore ...Robert E. Lucas: The Recession Is the More Immediate Problemmore ...Reinhard Selten: Regulation of the Financial Market I... http://www.greenedia.com/sectors/directory/economists-view/150246?rsstype=tag&tag=fiscal Tue, 18 Nov 2008 16:08:00 -0500 http://www.greenedia.com/sectors/directory/gristmill/149695?rsstype=tag&tag=fiscal By Joseph RommLooks like there will be no auto bailout with this Congress and this president. The NYT reports today: The prospects of a government rescue for the foundering American automakers dwindled Thursday as Democratic Congressional leader... http://www.greenedia.com/sectors/directory/gristmill/149695?rsstype=tag&tag=fiscal Fri, 14 Nov 2008 18:43:43 -0500 http://www.greenedia.com/sectors/directory/economists-view/149512?rsstype=tag&tag=fiscal Since I've been saying that monetary policy loses its ability to stimulate the economy when we are in a recession for over fifteen years, and since I've been making this point repeatedly since the crisis first began, I can hardly disagree:Depression ... http://www.greenedia.com/sectors/directory/economists-view/149512?rsstype=tag&tag=fiscal Fri, 14 Nov 2008 03:33:00 -0500 http://www.greenedia.com/sectors/directory/gristmill/149442?rsstype=tag&tag=fiscal By Joseph RommThe International Energy Agency is out with its World Energy Outlook 2008. I wrote last week about the report's stark conclusions on oil. The IEA's conclusions on climate are even starker: Without a change in policy, the world is on ... http://www.greenedia.com/sectors/directory/gristmill/149442?rsstype=tag&tag=fiscal Thu, 13 Nov 2008 16:37:40 -0500 http://www.greenedia.com/sectors/directory/economists-view/149185?rsstype=tag&tag=fiscal Things are different when the economy is operating inside the production possibilities curve:Deficit Hawks are Like Protectionists, by knzn: Everybody knows that, in the aggregate, trade increases welfare. ... But protectionists argue that the redist... http://www.greenedia.com/sectors/directory/economists-view/149185?rsstype=tag&tag=fiscal Thu, 13 Nov 2008 04:17:00 -0500 http://www.greenedia.com/sectors/directory/economists-view/149186?rsstype=tag&tag=fiscal Dani Rodrik says that if we don't act quickly to support emerging markets' currencies, we could be headed for a doomsday scenario of a protectionist vicious cycle reminiscent of the 1930s :Save the Emerging Markets, by Dani Rodrik, Project Syndicate... http://www.greenedia.com/sectors/directory/economists-view/149186?rsstype=tag&tag=fiscal Thu, 13 Nov 2008 03:15:00 -0500 http://www.greenedia.com/sectors/directory/economists-view/149168?rsstype=tag&tag=fiscal Three Steps To Address the Economic Crisis - Benjamin Friedman The Role of Random Events in Extinction - Scientific American The changing operational face of monetary policy - macroblogMacroeconomic policy is essential to stability - FTState/Local Fi... http://www.greenedia.com/sectors/directory/economists-view/149168?rsstype=tag&tag=fiscal Thu, 13 Nov 2008 03:06:00 -0500 http://www.greenedia.com/sectors/directory/economists-view/148610?rsstype=tag&tag=fiscal Super-sizing IMF isn't good for the world - Kenneth Rogoff What's Happening to Fed Funds? - Zubin Jelveh Investing in AIG et al - Interfluidity U.S. to Push Banks to Step Up Lending - washingtonpost.com It's Not all in the Genes Anymore - NYTimes.c... http://www.greenedia.com/sectors/directory/economists-view/148610?rsstype=tag&tag=fiscal Tue, 11 Nov 2008 03:06:00 -0500 http://www.greenedia.com/sectors/directory/economists-view/148282?rsstype=tag&tag=fiscal Learning from FDR's mistakes:Franklin Delano Obama?, by Paul Krugman, Commentary, NY Times: Suddenly, everything old is New Deal again. Reagan is out; F.D.R. is in. Still, how much guidance does the Roosevelt era really offer for today's world? The a... http://www.greenedia.com/sectors/directory/economists-view/148282?rsstype=tag&tag=fiscal Mon, 10 Nov 2008 03:33:00 -0500