Government spending promise offers British research a boost

Government Spending: An Economic Boost?

The severe global economic downturn and the large stimulus programs that governments in many countries adopted in response have generated a resurgence in research on the effects of fiscal policy. One key lesson emerging from this research is that there is no single fiscal multiplier that sums up the economic impact of fiscal policy. Rather, the impact varies widely depending on the specific fis...

Government Spending and Growth

Modernisation of British Government

This article critically reviews the approach to evidence based policy-making (EBPM) advanced in the Labour government's modernisation agenda. The article contends that EBPM must be understood as a project focused on enhancing the techniques ofmanaging strategic policy-making as opposed to improving the capacities of the social sciences to influence the 'practices of democracy' as envisaged by L...

Spending limited health care dollars on what works best: the promise of comparative effectiveness research.

NC Med J May/June 2010, Volume 71, Number 3 developed, which involved strengthening the compressed bone through injection of cement. Case series studies that were restricted to a before-after comparison of patient outcomes demonstrated that they felt much better after the injection. Over 1,000 patients per year received this treatment in North Carolina. It was not until the summer of 2009 that ...

How Can Government Spending Stimulate Consumption?

Recent empirical work finds that government spending shocks can cause aggregate consumption to increase. This paper builds on the framework of imperfect information in Lucas (1972) and Lorenzoni (2009) to show how government spending can stimulate consumption. Owners of firms targeted by an increase in government spending perceive an increase in their permanent income relative to their future t...