"What's an $800 Billion Stimulus Worth?"
OCTOBER 18, 2011
Worth a read at The Economist's Voice : What's an $800 billion stimulus worth? The environmental angle is the assumption that the projects the stimulus was spent on had benefits greater than costs which is likely not true (e.g., Negative $475 billion, according to Burton A. Abrams of the University of Delaware. The idea is to do a back-of-the-envelope benefit-cost analysis. The benefits are the short term macroeocnomic effects.