Economists' Letter to Congress in Support of a New Economic Stimulus Package

Publication Date:

Publisher: Center for Economic and Policy Research

Author(s):

Research Area: Economics

Keywords: Recession; Federal budget

Type: Brief

Coverage: United States

Abstract:

This letter, signed by 387 economists, including Nobel Laureates Joseph Stiglitz, Robert Solow, and George Akerlof, urges Congress to move quickly and decisively to pass an effective new economic stimulus package. The economists state that a stimulus package should be in the range of $300 to $400 billion per year and should be geared toward targets that inject capital into the nation's economic system immediately.