Now we're running a stimulus package.

It's called the trillion dollar stimulus package.

Last month, China announced a 586 billion economic stimulus package, some 25 of which is to help bolster conservation, environmental protection, and renewable energy efforts. We hope that the new stimulus package helps to move China toward greener development, and that countries follow suit.

So I really cannot understand Barro s last paragraph The fiscal stimulus package of 2009 was a mistake. It follows that an additional stimulus package in 2010 would be another mistake...

China s stimulus package was by far the world s largest and most effectively implemented. It stabilized growth in China and moderated the global economic contraction.

And then we do the OPEC stimulus package also known as 200 dollars a barrel.

Since then, we got about 50 million dollars in stimulus package money to come and get here.

And some of the government spending in the stimulus package will replace other outlays that would have occurred anyway. An optimistic estimate of the direct increase in annual demand from the stimulus package is about 300 billion in each of the next two years.

He is right in principle in demanding a major economic stimulus package from the German government that goes beyond the 35 billion already planned. But he should not ignore the time lags between the American and the German economic cycles.

BEIJING Now that the green shoots of recovery have withered, the debate over fiscal stimulus is back with a vengeance. In the United States, those who argue for another stimulus package observe that it was always wishful thinking to believe that a 787 billion package could offset a 3 trillion fall in private spending.

China s 4 trillion stimulus package, unveiled in November 2008, restored confidence in global commodity markets. Led by strong Chinese growth, emerging markets stabilized.

Wen s most contentious economic policy was the CN 4 trillion ( 586 billion) stimulus package that his government launched in response to the 2008 financial crisis. Though the policy succeeded in buttressing China s economic growth, it was widely criticized as an overreaction one that led to excessive monetary expansion.

As N. Gregory Mankiw said of a stimulus package back in 2003, when he was President George W. Bush's chief economic advisor, this is not rocket science. Deficit spending in a recession, he said, help s maintain the aggregate demand for goods and services.

With respect to Obama s stimulus package, it seems to me that there has been extraordinary intellectual and political dishonesty on the American right, which the press refuses to see.

The widespread impression that there was such pent up demand also led people to believe that there could not be another depression. The perception of pent up demand was like a powerful economic stimulus package, and it had the advantage that people believed it would be long lasting.

Now it has responded, with a stimulus package that is too little, too late, and badly designed. To see the inadequacy of that package, compare it with the more than 1.5 trillion that was borrowed in home equity loans in recent years, most of it spent on consumption.

A stimulus package of less than prudent fixed asset investment, adopted in response to the 2008 global financial crisis, sustained 9 GDP growth for two years. But, after 2011, stimulus turned to macroeconomic tightening, causing investment growth to plummet from a nominal rate of over 30 to about 10 recently.

Nevertheless, American and European economic advisers generally believe that a short sharp stimulus will be enough to restore economic growth. This is wrong.

Monetary tightening, administrative measures introduced by various municipal governments to stem the run up in the housing market, and the waning effect of the government s 4 trillion ( 642.3 billion) stimulus package resulted in a gradual economic slowdown. While inflation should have eased in early 2011, rising food prices and commodity prices thwarted expectations.

China has undertaken a 6 of GDP stimulus package aimed (mostly) at infrastructure the United States has enacted a two year 800 billion spending and tax rebate package. The Federal Reserve and the Bank of England lowered short term interest rate targets to near zero and are adopting quantitative easing i.e., continuous infusions of money.

Our research shows that industrial policy was successful in promoting a competitive bioethanol industry in Brazil. A massive stimulus package, prompted by the 1970 s rise in oil prices, gave rise to an entirely new industry.

State and local governments have cut spending and payrolls significantly. And federal purchases of goods and services have been declining since 2010, when the temporary additional spending in the 2009 stimulus package came to an end.

This partly explains not only why democracies such as India and Brazil lag behind China in infrastructure, but also why China is focusing its new stimulus package on transport systems (railroad projects alone will receive more than half of the 586 billion stimulus). In a non democracy, officials are held accountable to their superiors, not to voters.

Immediately after the collapse of Lehman Brothers in September 2008, China unveiled a 4 trillion ( 650 billion) stimulus package. The economy rebounded quickly, with the annualized growth rate soaring to 12.1 in the first quarter of 2010.

China is the largest trading country in the world, prompting calls for Chinese leaders to assume greater responsibility for the overall health of the global economy. China s post crisis stimulus package demonstrated the authorities willingness to do so.

Unlocking that cash would give Europe a much larger stimulus package than any government can provide. In 2011, for example, private investment in Europe totaled more than 2 trillion, compared to government investment of less than 300 billion.

In response to the global financial crisis in 2008, China introduced a RMB4 trillion ( 634 billion) stimulus package. While the increase in investment reduced the saving GDP ratio, the resulting increase in imports lowered the trade surplus GDP ratio.

Soon after the crisis erupted, the G 20 countries embraced massive stimulus packages, unconventional monetary policies in the advanced economies, and major institutional efforts, such as the Dodd Frank financial reform legislation in the United States and the Basel III initiative to strengthen banking standards. China s 4 trillion stimulus package, unveiled in November 2008, restored confidence in global commodity markets.

What I do not understand is opposition based on the claim that the stimulus package simply will not work the government will spend its money, households will receive their tax rebates, and nothing will happen afterwards to boost employment and production. In fact, there is a surprisingly large current of thought that maintains that stimulus packages simply do not work, ever.

LONDON At their meeting in Rome last Thursday, the leaders of the eurozone s four largest economies agreed on steps towards a banking union and a modest stimulus package to complement the European Union s new fiscal compact. Those steps are not enough.

The government, well aware of the overcapacity problem, focused the country s stimulus package on investment in infrastructure, rather than new factories. But infrastructure is a long term investment, revenues from which will be lower without accompanying investment in manufacturing capacity.

According to United States Census data, household income fell in 2011 for the fourth consecutive year. Unemployment remains persistently high, despite the 787 billion stimulus package in 2009, and house prices, though recovering slowly, remain far below their pre 2008 peak.

When Abe became Prime Minister almost three years ago, he vowed to restore Japan s standing as a first tier country by implementing an economic stimulus package, dubbed Abenomics, and reinterpreting Japan s constitution to stiffen the country s defense posture. But, whereas Abenomics was enacted quickly, the Diet enacted the defense legislation only recently and after more than a year of effort.

When Sarkozy and other EU leaders demand Germany s participation in an economic stimulus and rescue package, one reason is that they expect Germany to again bear the lion s share of the costs. For example, of the 5 billion extension of the Cohesion Funds approved by the European Parliament in December 2007, Germany received nothing, but it bears 20 of the costs.

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First, he promised bipartisanship, but got heavily rebuffed. Second, he and his administration were so busy trying to build consensus that they watered down some of the vital ingredients of the stimulus package, and failed to defend it robustly from Republican attack.

Yes, we were all Keynesians but all too briefly. Fiscal stimulus was replaced by austerity, with predictable and predicted adverse effects on economic performance.

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