Tornado Alley (PROG)

[fuagf]

Spending and Growth, 2009-13

November 6, 2014 3:53 amNovember 6, 2014 3:53 am

Just for my own reference: since the IMF has concluded .. http://www.ieo-imf.org/ieo/pages/CompletedEvaluation227.aspx .. that it loved austerity not wisely but too well, I thought I would add another austerity/growth chart to the file. Instead of using changes in structural budget balance, I thought it might be useful to just look at spending. This one uses data from the IMF’s World Economic Outlook database .. http://www.imf.org/external/pubs/ft/weo/2014/01/weodata/index.aspx .. to compare changes in total government spending (in national currencies — I didn’t correct for inflation, but that won’t matter) with changes in real GDP; I look at advanced countries, dropping the very small ones like San Mario. The picture looks like this:



Prima facie, cutting spending depresses economies.

http://krugman.blogs.nytimes.com/2014/11/06/spending-and-growth-2009-13/

See also:

shut down mode already? .. some points from one of Bill Maher's ..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107857275

Economically, Could Obama Be America's Best President?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95718213

.. that last is the one this one replies to .. i like the title, lol, and it's "See also"s
are a worthy, 'austerity when it is spending which would help? nahnah', brunch ..