[Pen-l] how big a stimulus is needed?

["Robert Naiman" <naiman@xxxxxxxxxxxxxxxxxxxxx>]

Different numbers are floating around for how big an economic stimulus is needed to counteract the downturn.

Isn't it the case, though, that in some rough sense this number is knowable?

That is, various economic forecasters are also floating projections of how big the downturn that we are currently on is going to be. While these numbers also vary, there isn't the same political motivation driving the differences. That is, some Wall Street forecaster telling their clients how big they expect the downturn to be presumably isn't going to downplay the scale in order to tamp down demands for public spending.

Doesn't a particular forecast imply - roughly - the size of the stimulus needed to counteract it?

-- 
Robert Naiman
Just Foreign Policy
www.justforeignpolicy.org
naiman@xxxxxxxxxxxxxxxxxxxxx

Ambassador Pickering on Iran Talks and Multinational Enrichment
http://youtube.com/watch?v=kGZFrFxVg8A

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