Esther Duflo

...är tuff. Se hennes anförande i Stockholm nyligen här, lär Jesper Roines rapport här.

Comments

[August]

Har inget emd ditt blogg-inlägg att göra, men här är ett kul, kort och informationrikt inlägg av Dean Baker om finanskrisen och deficit hawks:

http://www.cepr.net/index.php/blogs/beat-the-press/david-brooks-and-the-power-of-magical-thinking-at-the-nyt/#comments

''If we want to see the net stimulus from the government sector we also have to factor in the cutbacks from the state and local governments. These came to around $150 billion a year, leaving a net stimulus from the government sector of about $150 billion annually, or a bit more than 1 percent of GDP.

This boost from the government sector must counteract the impact of a falloff in annual construction spending (residential and non-residential) of more than $500 billion a year and a comparably sized reduction in annual consumption. In the real world, we are not surprised that $150 billion in net government stimulus cannot offset a decline of more than $1 trillion in private sector demand, but in the magical thinking of David Brooks this is a big disappointment.''

Mvh
August