STIMULUS SPENDING: HOW TO GET MORE BANG FOR THE BUCK

摘要

Economists just can't agree about the Obama Administration's stimulus program. Some argue that the $787 billion spending push, much of it devoted to infrastructure projects, paved the way for an economic recovery. Others hold that at best it had little effect and at worst was detrimental.rnA recent working paper from the National Bureau of Economic Research in Cambridge, Mass., titled "On the Ease of Overstating the Fiscal Stimulus in the U.S., 2008-9," provides more grist for the controversy mill.