Category Archives: Stimulus Impact

National Accounts Show Stimulus Did Not Fuel GDP Growth

Along with the news that real GDP growth improved from -0.7 percent in the second quarter to 3.5 percent in the third quarter, the Bureau of Economic Analysis (BEA) released detailed National Income and Product Account tables yesterday, which received … Continue reading

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Despite claims, data continue to show small impact of stimulus

Debate about the impact of the $787 billion stimulus continued this week. “Thanks largely to the Recovery Act,” Larry Summers argued, “we have walked a substantial distance back from the economic abyss and are on the path toward economic recovery.” … Continue reading

Posted in Stimulus Impact

Is the Stimulus Working?

My recent Wall Street Journal column with John Cogan and Volker Wieland looked at the data available so far and concluded that there has been no noticeable impact. CNBC’s Steve Liesman takes the other side in a debate with me … Continue reading

Posted in Stimulus Impact