Assessing Government Spending
Explore the difficulties economists face in measuring the impact of government spending on the economy, as they are unable to run experiments. Learn how economists use econometrics to analyze the effects of stimulus packages and the improvements made by Nobel Prize winners Chris Sims and Tom Sargent in reproducing controlled experiments in an uncontrolled environment.In this clip
From this podcast
EconTalk
Ramey on Stimulus and Multipliers
Related Questions
How does it impact economics?
How does government spending work in the context of the episode Robert Hall on Recession, Stagnation, and Monetary Policy and the clip Government Spending Multiplier?
How does government spending work in the context of the episode Robert Hall on Recession, Stagnation, and Monetary Policy and the clip Government Spending Multiplier?