Tuesday, March 31, 2009

A Green Fiscal Stimulus

Joshua Gans, in his latest blog refers to a recently released article which advocates Fiscal Stimulus focusing on Green initiatives. This is an interesting article. I particularly liked table 1 on pages 14 and 15 which specifies 24 different options and evaluates their impacts across 7 dimensions.

Whilst I do not totally agree with the economic rationale of this article, I strongly believe that if the Government is going to borrow and spend billions of dollars, this is an option hard to beat.

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