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RoubiniTestimony - Joint Economic Committee - Faltering Economic Growth and the Need for Economic St

 
 
 
 
 
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Given the size of the expected contraction in private aggregate demand (likely to be about $450 billion in 2009 relative to 2008), Nouriel argues that a fiscal stimulus to the order of $300 billion minimum (and possibly as large as $400 billion) will be necessary to partially compensate for the sharp fall in private aggregate demand. And don’t miss Nouriel’s testimony before the Joint Economic Committee.

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11/02/2008
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