MPW Economics Discussion Board

Economics news post for AS and A2 students at MPW Cambridge - please add brief comments to stories you find interesting or relevant. You can: speculate on future trends; link in with other topics or units; interpret/analyse; evaluate (magnitude of change/short term/long term...); offer a personal evaluation (normative statements) but please offer evidence or an explanation. You can also evaluate other students' comments but please be professional in your response.

Tuesday, 27 January 2009

Recession halts 'billions worth of public projects', including road, school and hospital building

3 comments:

Anonymous said...: when the financial crisis happens, it is often associated with the construction of the infrastructure to reduce the rate of unemployment and boost the economy. SO the matter here is even worse.; 27 January 2009 at 11:27
Susan said...: It is normal.; 27 January 2009 at 15:28
Anonymous said...: Article seems to suggest a failure of Brown's neo-Keynesian approach to the recession. The fiscal stimulus was supposed to include the bringing forward of Government projects but it seems that their have been systemic failures in getting the finance to local councils in order to implement the projects. According to an assessment by the Obama team the multipliers on government expenditure are much higher than those from tax cuts(http://www.fivethirtyeight.com/2009/01/obamas-indifference-on-tax-cuts.html) which suggests that it's paramount that the government continues these projects.; 27 January 2009 at 22:48

Subscribe to: Post Comments (Atom)