Welcome Guest [Log In] [Register]
We hope you enjoy your visit.


You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free.


Join our community!


If you're already a member please log in to your account to access all of our features:

Username:   Password:
Add Reply
CBO's Estimates of ARRA's Economic Impact
Topic Started: Feb 23 2012, 07:00 PM (248 Views)
Stoney
No Avatar
Sr. Member
[ * ]
Quote:
 
Estimates of ARRA’s Impact in the Fourth Quarter of 2011

CBO develops estimates of ARRA’s effects on output and employment by looking at recorded spending to date along with estimates of the other effects of ARRA on spending and revenues, by using evidence about the effects of previous similar policies, and by drawing on various mathematical models that represent the workings of the economy. Using such analysis, CBO estimates that ARRA’s policies had the following effects in the fourth quarter of calendar year 2011 compared with what would have occurred otherwise:

They raised real (inflation-adjusted) gross domestic product (GDP) by between 0.2 percent and 1.5 percent,
They lowered the unemployment rate by between 0.2 percentage points and 1.1 percentage points,
They increased the number of people employed by between 0.3 million and 2.0 million, and
They increased the number of full-time-equivalent (FTE) jobs by 0.4 million to 2.6 million. (Increases in FTE jobs include shifts from part-time to full-time work or overtime and are thus generally larger than increases in the number of employed workers.)

Those ranges reflect the substantial uncertainty that surrounds the broad economic effects of such policies and a range of economists’ views about the magnitude of those effects.


CBO
Offline Profile Quote Post Goto Top
 
Chris
Member Avatar
Fire & Ice Senior Diplomat
[ * ]
The American Recovery and Reinvestment Act of 2009 didn't seem to have much effect. I don't think economies can be legislated.
Offline Profile Quote Post Goto Top
 
Brewster
Member Avatar
Fire & Ice Senior Diplomat
[ * ]
Sounds good, Stoney.
Offline Profile Quote Post Goto Top
 
Jim Miller
Member Avatar
Fire & Ice Senior Diplomat
[ * ]
Not your concern, Brew. Butt out and mind your own business.
Online Profile Quote Post Goto Top
 
Stoney
No Avatar
Sr. Member
[ * ]
"Those ranges reflect the substantial uncertainty that surrounds the broad economic effects of such policies and a range of economists’ views about the magnitude of those effects."

That doesn't sound good to me.
Offline Profile Quote Post Goto Top
 
Chris
Member Avatar
Fire & Ice Senior Diplomat
[ * ]
What's good for the goose (CA) is not necessarily good for the gander (US)?
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
« Previous Topic · Fire And Ice General Discussion · Next Topic »
Add Reply

Website Traffic Analysis