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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (585124)9/12/2010 8:52:49 AM
From: Alighieri  Read Replies (2) | Respond to of 1573216
 
And the parameters are ones generally accepted by economists. They weren't just plucked out of the air. So to dismiss them, Tim et al has to come up with some reason they either are incorrect or don't apply.

I'll let him speak for himself, but as I understand he argues that the model is theoretical and not measured...however if you read the report it prefaces that mandated responses by stimulus $$ recipients (ie: their feed back of jobs created by each project funded) are factored in but are also considered inaccurate and unverifiable...

Al



To: combjelly who wrote (585124)9/14/2010 6:17:11 PM
From: TimF  Read Replies (2) | Respond to of 1573216
 
And the parameters are ones generally accepted by economists.

No.

The parameters are the major relevant issue under debate in economics. Not all economists are Keynesian, other schools would have a much lower opinion of the multipliers, and even Keynesians wouldn't necessarily accept the specific multipliers the CBO has used.


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