I think I asked this question back in '09 or early '10, but I didn't get a satisfactory answer so I'll ask it again. I am ce...

I guess I'm an idiot, as I can't understand simple things. Paul Krugman says : One clear result of the midterms is that we won’t hav...

A new NBER working paper (earlier ungated version here ) presents a more nuanced view of the effectiveness of fiscal stimulus: How Big (Sma...

All of the debate over Germany has focused on stimulus vs. austerity, which has been recast as an ideological battle of technocratic purity:...

See Munger and McMegan . Look, we've spent something like 4-5% of GDP in stimulus, from the American Recovery and Reinvestment Act (a.k...

The NY Times ran a series of articles on how stimulus funds have been spent in the U.S. , E.U. , India , and China . Let's have a look: ...

Back in March I wrote this : Presumably, Krugman thinks we are in a liquidity trap because the Fed can't credibly commit to boost future...

Everyone should read the Krugman essay on the state of macroeconomics, if only to see where the faultlines lie. The piece is basically Krug...

Krugman praises DeLong for once more trashing the Chicago School's view of the (in)effectiveness of stimulus. One bit from Krugman: He...

The argument that U.S. hegemony is beneficial on net to the rest of the world is most famously made in this book , but the arguments in sup...

An open letter to Paul Krugman, from monetary economist Scott Sumner. And Krugman's (non)response . It's embarrassing to see a Nobe...

Economics used to be called "the dismal science" because of its Malthusian predictions: economies were always on a feast-or-famine...

It will be difficult not to fall off : For Mr. Obama, the national debt has become a pressing dilemma. If he transitions too quickly from pr...

Back in December, I wrote that the stimulus bill would be the largest rent-seeking opportunity in history. Hate to say, but "I told yo...

Wilkinson unwittingly explains why I decided to become an international political economist rather than an international economist: The de...

[Updated to better represent Robin Hanson's intent; mea culpa.] Robin Hanson asks whether macroeconomists should clam up during times o...

Martin Wolf at the FT writes, "Unfortunately, what is coming out of the US is desperately discouraging. Instead of an overwhelming fis...

From the FT : The US Senate voted on Wednesday to soften a ”Buy American” plan in its $900bn stimulus bill after President Barack Obama expr...

We're about to witness the greatest rent-seeking moment of all time: the 2009 Economic Stimulus Package. It's gonna make the Farm B...

Germany refuses to enact stimulus until after Obama is elected: Germany will wait to launch its next fiscal stimulus until it has a clearer...