new HBS paper SHREDS keynesian theory, libs mad
| Orchid Internet-worthy Idiot Box Office | 02/29/12 | | Mauve Cumskin | 02/29/12 | | unhinged stage | 02/29/12 | | Opaque Garrison Community Account | 02/29/12 | | Supple autistic dysfunction | 02/29/12 | | self-absorbed theater stage dog poop | 02/29/12 |
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Date: February 29th, 2012 1:33 PM Author: Orchid Internet-worthy Idiot Box Office
http://www.people.hbs.edu/cmalloy/pdffiles/envaloy.pdf
"Our key innovation is to use changes in congressional committee chairmanship as a source of exogenous variation in state-level federal expenditures. In doing so, we show that fiscal spending shocks appear to significantly dampen corporate sector investment and employment activity. This retrenchment follows both Senate and House committee chair changes, occurs in large and small firms and within large and small states, and is most pronounced among geographically-concentrated firms."
(http://www.autoadmit.com/thread.php?thread_id=1886680&forum_id=2#20083546) |
Date: February 29th, 2012 1:36 PM Author: unhinged stage
We show that becoming a powerful committee chair results in a significant increase in federal funds flowing to the ascending chairman’s state.2 Thus, a congressman’s ascension to a powerful committee chair creates a positive shock to his or her state’s share of federal funds that is virtually independent of the state’s economic conditions.
NO FUCKIN WAY--WHAT A SCHOLAR
(http://www.autoadmit.com/thread.php?thread_id=1886680&forum_id=2#20083555) |
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