Alternatives and Supplements: Fun on the Internet

Fiscal Policy Today The Life-Cycle Hypothesis The essential message of the life-cycle hypothesis was captured long ago in one of Aesop's fables: www.pagebypagebooks.com/Aesop/Aesops_Fables/The_Ant_and_the_Grasshopper_p1.html Permanent-Income Hypothesis Not everyone spends the way that economists assume they do. Here is what happens when they ignore economic theory and just spend: www.briancuban.com/why-athletes-go-broke/ Measuring Fiscal Policy Here is a long discussion of the government debt. The part that you should focus on is the part on structural and cyclical deficit: sorrel.humboldt.edu/~economic/econ104/deficit/ Amosweb.com has everything you want to know about automatic stabilizers: www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=automatic+stabilizers Is Fiscal Policy Dead? Greg Mankiw links to 22 articles by economists and others arguing that the stimulus package of 2008 was a bad idea: gregmankiw.blogspot.com/2008/01/coalition-against-fiscal-stimulus.html A Dam Analogy A short article by Stephen Cecchetti in the form of a pdf file that suggests that stabilization policy is best done without fiscal policy: people.brandeis.edu/~cecchett/pdf/cpi18.pdf Lagging Doubts Amosweb.com has a thorough look at various lags: www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=implementation+lag Crowding Out Wikipedia has a reasonably short but complete article on crowding out: en.wikipedia.org/wiki/Crowding_out_%28economics%29 These links were checked on July 4, 2008 Copyright Robert Schenk Why is this page here?