SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC.

LY

HAAVELMO

[ am not sure that I understand which parts of my paper Professor
 WoLD wants me to explain. My model is similar to other elementary
 models frequently used as a basis for recommending certain
short-run countercyclical fiscal policy measures. The purpose of
ny paper is to illustrate possible long-run effects of such policy
measures. My main conclusion is that such countercyclical policies,
though very much better than nothing, may still be quite far from
what could reasonably be called an optimal policv for economic
orowth

Haavelmo - pag.