Chicago trio on the fiscal stimulus

This is so far the most informative discussion on the (in)famous fiscal stimulus I’ve happened onto: a recent, 1 hour long, panel discussion within the Myron Scholes Global Market Forums at the University of Chicago Booth School of Business, having as panelists U. of Chicago professors John Huizinga, Kevin Murphy and Bob Lucas. My favourite is Kevin Murphy (and here I am in total agreement with Steven Levitt, see below for his blogpost and more details), though Huizinga and Lucas have also extremely interesting and pertinent points. Don’t miss the questions-answers part in the end either, again particularly for Murphy’s answers. Here’s the video, and here are the PDF presentations of each of the speakers (to be used while listening to the respective speeches): Huizinga’s, Murphy’s, Lucas’s.

Hat tips to Greg Mankiw and Steven Levitt.

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4 thoughts on “Chicago trio on the fiscal stimulus”

  1. Yes, that is why I said you should pay attention to Zingales&#39;s question. Zingales, Caballero and a few others, really pinned down the problem and addressed it realistically, I think, so I follow what these people write/say as often as I can. <BR/><BR/>Now to your point of why this is happening&gt; think it like this, they will have had this fiscal stimulus going through anyway, so better you

  2. I think Luigi Zingales’s point about fear and saving and exporting more is very good. In the same time you corroborate this with the idea the this recesion is like no other, that it’s global and just beginning to hit the economy – nobody knowing how hard will it hit – and you get the whole picture of extreme urgency where something needs to be done and fast and form this idea of energic political

  3. Yep, smth. not to miss. Especially for Kevin Murphy, of course. See also Luigi Zingaless question at some point in the question-answers part, indeed quite funny that nobody seems interested to address the problem the other way…

  4. Funny thing:) I have been postponing watching this video for days until I found today the time to watch it and the goddamn stream didn’t want to load beyond the first 2 minutes. So I took a break to read my feeds and here I am:) OK, now it seems to be streaming correctly. Bye:)

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