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Estimating Aggregate Fiscal Multipliers from Local Data


  • Bill Dupor
  • Marios Karabarbounis
  • Marianna Kudlyak
  • M. Saif Mehkari
  • David A. Price


Variations among regions in their responses to economic policies can be used to estimate the effects of those policies at the national level while minimizing or eliminating issues of reverse causation. Recent research has employed county-level data to look at the effects of federal government spending ? in particular, the 2009?12 stimulus ? on aggregate consumption.

Suggested Citation

  • Bill Dupor & Marios Karabarbounis & Marianna Kudlyak & M. Saif Mehkari & David A. Price, 2018. "Estimating Aggregate Fiscal Multipliers from Local Data," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, issue May.
  • Handle: RePEc:fip:fedreb:00064

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