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

Author

Listed:
  • 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.

Suggested Citation

  • Robert Baumann & Bryan Engelhardt & Victor Matheson, 2009. "The Great Macroeconomic Experiment: Assessing the Effects of Fiscal Stimulus Spending on Employment Growth," Working Papers 0910, College of the Holy Cross, Department of Economics.
    • Handle: RePEc:hcx:wpaper:0910
    as

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    File URL: https://hcapps.holycross.edu/hcs/RePEc/hcx/HC0910-Matheson-Baumann-Engelhardt_Stimulus.pdf
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    References listed on IDEAS

    as
    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.
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    More about this item

    Keywords

    fiscal policy; economic stimulus; unemployment; jobs;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • 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; Modern Monetary Theory

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