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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)

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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://www.holycross.edu/departments/economics/RePEc/Matheson-Baumann-Engelhardt_Stimulus.pdf
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Publisher 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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Phone: (508)793-3362
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Web page: http://www.holycross.edu/departments/economics/website/
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Related research
Keywords: fiscal policy; economic stimulus; unemployment; jobs;

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Find related papers by JEL classification:
E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Boyle, Melissa A. & Matheson, Victor A., 2009. "Determinants of the distribution of congressional earmarks across states," Economics Letters, Elsevier, vol. 104(2), pages 63-65, August. [Downloadable!] (restricted)
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This page was last updated on 2009-11-7.


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