Economy

A Cross-Border Comparison of Stimulus Spending

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Just over a year ago, President Obama and Congress passed the American Recovery and Reinvestment Act of 2009, better know as “The Stimulus.” It was a $787 billion shot-in-the-arm to the U.S. economy, a mix of tax cuts and expenditure spending.

The U.S. wasn’t the only country to take such action. Governments across the globe passed stimulus plans to rescue their economies from the doldrums. On this podcast, a look at how the stimulus plans in different countries have fared. Is it possible to say that one country did a better job than another? We compare the actions taken by the Canadian and U.S. governments. Cornell University economist Eswar Prasad breaks down how leaders and Ottawa and Washington structured their plans.

Also stories about why many Greeks don’t pay taxes, and how the British are feeling about their bankers.

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