Stimulate This!–But How?

Arthur W. Wright

The Connecticut Economy, 2010, issue Winter

Abstract: When private spending plummeted in 2008, economists’ kneejerk response was to plug the gap with new government expenditures. Massive public spending not related to war had not been tried since the 1930’s. But the depth of the crisis, an abundance of willing constituent/recipients, and the imperatives of Ppresident Obama’s campaign promises moved the Congress to pass the American Recovery and Reinvestment Act of 2009 (ARRA). Hhow effective will this first peacetime experiment in Keynesian pump priming be? It’s too soon to say, but Connecticut’s experience to date illustrates the ARRA’s priorities, and can tell us something about the difference it has made in two big sectors, education and transportation.

JEL-codes: J64 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://cteconomy.uconn.edu/articles/AW_W2010.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uct:ctecon:10-win-02

Ordering information: This journal article can be ordered from
University of Connecticut 365 Fairfield Way, Unit 1063 Storrs, CT 06269-1240
http://cteconomy.uconn.edu/subscription.html

Access Statistics for this article

More articles in The Connecticut Economy from University of Connecticut, Department of Economics University of Connecticut 365 Fairfield Way, Unit 1063 Storrs, CT 06269-1240. Contact information at EDIRC.
Bibliographic data for series maintained by Steven Lanza ().