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The Great Macroeconomic Experiment: Assessing the Effects of Fiscal Stimulus Spending on Employment Growth

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Author Info

  • Robert Baumann

    ()
    (Department of Economics, College of the Holy Cross)

  • Bryan Engelhardt

    ()
    (Department of Economics, College of the Holy Cross)

  • Victor Matheson

    ()
    (Department of Economics, College of the Holy Cross)

Abstract

As the economics profession is split over the expected impact of the American Recovery and Reinvestment Act of 2009, we analyze the effects as if it were an experiment. Specifically, we analyze the effects of spending on employment using a difference-in-difference approach by state. To date, we find spending has had no significant effect on employment.

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File URL: http://college.holycross.edu/RePEc/hcx/Matheson-Baumann-Engelhardt_Stimulus.pdf
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Bibliographic Info

Paper provided by College of the Holy Cross, Department of Economics in its series Working Papers with number 0910.

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Length: 7 pages
Date of creation: Jul 2009
Date of revision:
Handle: RePEc:hcx:wpaper:0910

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Web page: http://www.holycross.edu/departments/economics/website/
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Keywords: fiscal policy; economic stimulus; unemployment; jobs;

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  1. Melissa Boyle & Victor Matheson, 2008. "Determinants of the Distribution of Congressional Earmarks Across States," Working Papers 0806, College of the Holy Cross, Department of Economics.
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