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Comments on: Cutting costs is not recessionary http://www.tvhe.co.nz/2009/02/18/cutting-costs-is-not-recessionary/ The Visible Hand in Economics Wed, 18 Feb 2009 05:15:37 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Tax » Cutting costs is not recessionary http://www.tvhe.co.nz/2009/02/18/cutting-costs-is-not-recessionary/#comment-15001 Wed, 18 Feb 2009 05:15:37 +0000 http://www.tvhe.co.nz/?p=2902#comment-15001 […] TVHE wrote an interesting post today on Cutting costs is not recessionaryHere’s a quick excerptOver at Kiwipolitico Anita states that the government will cut spending on government services by at least the same amount that they are going to increase the size of the fiscal stimulus by spending on infrastructure – and implies that this means that the fiscal stimulus is even smaller Now, if the government cuts spending but continues to produce the same output this ISN’T akin to “removing stimulus” persee – we instead need to find the appropriate counter-factual. First say that the gove […]

]]> By: Stimulus » Cutting costs is not recessionary http://www.tvhe.co.nz/2009/02/18/cutting-costs-is-not-recessionary/#comment-15000 Wed, 18 Feb 2009 05:01:21 +0000 http://www.tvhe.co.nz/?p=2902#comment-15000 […] TVHE wrote an interesting post today on Cutting costs is not recessionaryHere’s a quick excerptOver at Kiwipolitico Anita states that the government will cut spending on government services by at least the same amount that they are going to increase the size of the fiscal stimulus by spending on infrastructure – and implies that this means that the fiscal stimulus is even smaller Now, if the government cuts spending but continues to produce the same output this ISN’T akin to “removing stimulus” persee – we instead need to find the appropriate counter-factual. First say that the gove […]

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