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Excess Capacity and Heterogeneity in the Fiscal Multiplier: Evidence from the Obama Stimulus Package
Capacity Heterogeneity
2015/9/21
We estimate local multipliers from the ARRA (Obama stimulus) bill using cross-county variation
in expenditure. We use within-state variation, and include other demographic controls as well
as a pred...
What the Government Purchases Multiplier Actually Multiplied in the 2009 Stimulus Package
Stimulus Package Purchases Multiplier Actually
2015/8/3
Because the ARRA grants to state and local government are
fungible and not synchronized with purchases, determining the
eff ect of ARRA on state and local government purchases is more
diffi cult an...