Bush Stimulus May Have Only Modest Effect

Brief

Bush Stimulus May Have Only Modest Effect

Abstract

In principle, a well-timed and carefully designed economic stimulus package can help avert or minimize a recession. In practice, timing a fiscal stimulus is nearly impossible since forecasters usually "predict" economic turning points only long after they have occurred. Len Burman and Jeff Rohaly discuss past experiences and current issues with economic stimulus packages in this Wall Street Journal Real Time Economics blog entry.

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