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new HBS paper SHREDS keynesian theory, libs mad

http://www.people.hbs.edu/cmalloy/pdffiles/envaloy.pdf &q...
,,,...,,......,,....  02/29/12
Libs frantically doing the sign of cross while holding TGTOE...
fractal elf  02/29/12
We show that becoming a powerful committee chair results in ...
slim_shady_man  02/29/12
Do you realize that this phenomenon is the independent varia...
ItWasHorrible  02/29/12
wtf is it with economists and just producing a wall of text ...
.,.,;...;.,.,,;.;,..,;.,.,.,;..,..;..;;.,..,,  02/29/12
Yes breh, 90% of economists are MAF http://gregmankiw.blo...
Fuller's Folly  02/29/12


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Date: February 29th, 2012 1:33 PM
Author: ,,,...,,......,,....

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: fractal elf

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: slim_shady_man

We show that becoming a powerful committee chair results in a significant increase in federal funds flowing to the ascending chairmanís state.2 Thus, a congressmanís ascension to a powerful committee chair creates a positive shock to his or her stateís share of federal funds that is virtually independent of the stateís 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: ItWasHorrible

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: .,.,;...;.,.,,;.;,..,;.,.,.,;..,..;..;;.,..,,

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)



Reply

Date: February 29th, 2012 1:43 PM
Author: Fuller's Folly

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)