It's pretty obvious that the stimulus bills will reduce private spending. Becker and Murphy give their explanation today.
Here are some of mine.
Here are some of mine.
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1 comment:
Hi Casey,
Do you think that the short run government spending multiplier here could be negative (<0) such that GDP in the short run would decrease as a result of the stimulus package. Or do you think it is more likely to be between 0 and 1 as Becker and Murphy suggest (GDP increases on net but at the expense of private sector activity).
Michael S.
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