Feed on
Posts
Comments

Greg Mankiw demonstrates:

Apparently, Team Obama is not convinced by the recent research of Christina and David Romer, who conclude:

tax changes have very large effects on output. Our baseline specification suggests that an exogenous tax increase of one percent of GDP lowers real GDP by roughly three percent. Our many robustness checks for the most part point to a slightly smaller decline, but one that is still well over two percent.

That is, Team Obama assumes that tax changes are less than half as potent in influencing the economy as the new CEA Chair estimated them to be in her own research.

That’s the kind of change we can believe in!

45 Responses to “Reality Based Economics”

  1. 9721 470562Hello, Neat post. There is an issue along along with your internet site in internet explorer, may test thisK IE nonetheless could be the marketplace chief and a big section of people will pass over your superb writing due to this dilemma. 198254

  2. happyluke says:

    241906 156190Deference to site author , some fantastic entropy. 962533

  3. 670074 693365Id should verify with you here. Which isnt something I often do! I enjoy studying a publish that can make people believe. Also, thanks for permitting me to remark! 105849

  4. 33645 734626As I web site possessor I believe the content matter here is rattling excellent , appreciate it for your hard work. You should keep it up forever! Good Luck. 927626

  5. online chat says:

    93673 370053Were glad to become visitor on this pure site, regards in this rare info! 652102

  6. 880469 622928Thanks for the post. I like your writing style – Im trying to start a weblog myself, I think I may possibly read thru all your posts for some suggestions! Thanks once much more. 874987

  7. medartix.com says:

    Very neat blog. Keep writing.

  8. hydroxychloroquine prophylaxis side effects for hydroxychloroquine

  9. Greetings! Very useful advice within this post! It’s the little changes that make thelargest changes. Thanks for sharing!

  10. 印街招 says:

    essay writing helptopwritemyessaycollege essay writing

  11. mua like says:

    Good tips. Appreciate it! canada pharmacy online

  12. It’s really a great and useful piece of info. I am satisfied that you just shared this helpful information with us. Please keep us up to date like this. Thanks for sharing.

  13. I’ll right away grasp your rss feed as I can’t to find your e-mail subscription hyperlink or e-newsletter service. Do you’ve any? Kindly permit me recognize so that I may just subscribe. Thanks.

  14. I appreciate you sharing this blog.Really thank you! Fantastic.

  15. Awesome article post.Much thanks again. Want more.

  16. biyapay says:

    Im grateful for the article.Thanks Again. Awesome.

  17. I loved your article.Much thanks again. Fantastic.

  18. I think this is a real great blog post.Thanks Again. Want more.

  19. linkinlove says:

    Thank you for your blog article. Really Great.

  20. porn gokil says:

    I really enjoyed this article. I’ll return for more to enjoy. Thank you!

  21. linkinlove says:

    Major thankies for the blog.Really looking forward to read more. Much obliged.

  22. Thank you ever so for you blog post.Really thank you! Great.

  23. fillersfairy says:

    Great, thanks for sharing this article.Really thank you! Really Cool.

  24. Currently it sounds like WordPress is the preferred blogging platform available right now. (from what I’ve read) Is that what you’re using on your blog?

  25. Hack like says:

    ivermectin australia: generic stromectol – ivermectin 1 cream generic

  26. squid porn says:

    Financial institution of America uses a couple of different rates rates.Feel free to visit my blog … bank reviews Uk

  27. sweet puff says:

    I am so grateful for your blog post.Thanks Again. Great.

  28. This is exactly what I was searching for, many thanks

  29. Really appreciate you sharing this blog article.Really thank you! Much obliged.

  30. Baixicans says:

    Enjoyed every bit of your post.Much thanks again. Awesome.

  31. africa porn says:

    Thanks very interesting blog!Have a look at my blog :: fontaneros en zaragoza

  32. crazy porn says:

    find out credit score what is a great credit score score credit check my credit score

  33. 18+ porn says:

    Thank you for yet another great informative post, I’m a loyal visitor to this blog and I can’t tell you how much valuable information I’ve learned from reading your content. I really appreciate all the hard work you put into this great blog.

  34. it resume writing servicesmanuscript editing services

  35. porn fans says:

    That is a really good tip especially to those fresh to the blogosphere. Brief but very accurate informationÖ Many thanks for sharing this one. A must read post!

  36. Hi are using WordPress for your blog platform? I’mnew to the blog world but I’m trying to get started andset up my own. Do you require any html coding expertise to makeyour own blog? Any help would be really appreciated!

  37. I am so grateful for your article.Much thanks again. Much obliged.

  38. 출장 says:

    Im grateful for the post.Really looking forward to read more. Will read on…

  39. Great, thanks for sharing this article post.Really thank you! Great.

  40. C-64c says:

    I do believe all the concepts you have introduced in your post. They are very convincing and can certainly work. Still, the posts are too brief for beginners. May you please lengthen them a little from subsequent time? Thanks for the post.

  41. I cannot thank you enough for the article. Great.

  42. 6159 717707I recognize there exists a lot of spam on this blog. Do you want support cleansing them up? I could aid amongst courses! 699165

  43. It’s an awesome post in support of all the internet users; they will take benefit from it I am sure.

  44. 貼海報 says:

    generic ivermectin online – stromectol cvs order stromectol online

  45. I really like your writing style, superb info , thanks for posting : D.

Leave a Reply