(noun) Causes and consequences of population characteristics, in blog form
Monday, April 5, 2010
More on fiscal multipliers
Here's a recent interview with Robert Barro, and he speaks highly of recent work by Valerie Ramey. She finds that measuring the timing of announcements of government (military) spending and the timing of actual spending and activity is pretty important. When you do it right, she finds, the multiplier is at best unity.