| http://www.w3.org/ns/prov#value | - As an example, if the multiplier is 1 (roughly in the middle of independent estimates for the current stimulus), taxes are 33% of GDP and the hysteresis effect is 5%???that is, a $1 loss of output this year reduces potential output by 5 cents per year???then stimulus pays for itself provided the real interest rate is no more than 2.5 percentage points above the economic growth rate.
|
