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new HBS paper SHREDS keynesian theory, libs mad

http://www.people.hbs.edu/cmalloy/pdffiles/envaloy.pdf &q...
Thriller Useless Site Reading Party
  02/29/12
Libs frantically doing the sign of cross while holding TGTOE...
Frozen dilemma private investor
  02/29/12
We show that becoming a powerful committee chair results in ...
Green Knife
  02/29/12
Do you realize that this phenomenon is the independent varia...
Aromatic hunting ground codepig
  02/29/12
wtf is it with economists and just producing a wall of text ...
gaped hall
  02/29/12
Yes breh, 90% of economists are MAF http://gregmankiw.blo...
Drab prole point
  02/29/12


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Date: February 29th, 2012 1:33 PM
Author: Thriller Useless Site Reading Party

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)



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Date: February 29th, 2012 1:36 PM
Author: Frozen dilemma private investor

Libs frantically doing the sign of cross while holding TGTOEIM, crying tears of MAF.

(http://www.autoadmit.com/thread.php?thread_id=1886680&forum_id=2#20083554)



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Date: February 29th, 2012 1:36 PM
Author: Green Knife

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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Date: February 29th, 2012 2:56 PM
Author: Aromatic hunting ground codepig

Do you realize that this phenomenon is the independent variable, not the dependent variable? There's really no reason to be MAF because someone's study is built on an obvious independent variable - that's a positive feature, because it means we can focus on whether it causes the outcome it correlates with (changes in economic growth) rather than whether it's happening.

(http://www.autoadmit.com/thread.php?thread_id=1886680&forum_id=2#20084048)



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Date: February 29th, 2012 1:40 PM
Author: gaped hall

wtf is it with economists and just producing a wall of text with no figures?

(http://www.autoadmit.com/thread.php?thread_id=1886680&forum_id=2#20083580)



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Date: February 29th, 2012 1:43 PM
Author: Drab prole point

Yes breh, 90% of economists are MAF

http://gregmankiw.blogspot.com/2009/02/news-flash-economists-agree.html



(http://www.autoadmit.com/thread.php?thread_id=1886680&forum_id=2#20083590)