IDEAS home Printed from https://ideas.repec.org/p/hcx/wpaper/0910.html
   My bibliography  Save this paper

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

    Download full text from publisher

    File URL: https://hcapps.holycross.edu/hcs/RePEc/hcx/HC0910-Matheson-Baumann-Engelhardt_Stimulus.pdf
    Download Restriction: no
    ---><---

    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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zheng, Xinye & Li, Fanghua & Song, Shunfeng & Yu, Yihua, 2013. "Central government's infrastructure investment across Chinese regions: A dynamic spatial panel data approach," China Economic Review, Elsevier, vol. 27(C), pages 264-276.
    2. Kok, Holmer & Faems, Dries & de Faria, Pedro, 2022. "Pork Barrel or Barrel of Gold? Examining the performance implications of earmarking in public R&D grants," Research Policy, Elsevier, vol. 51(7).
    3. Gordon, Steven, 2018. "What did the Earmark Ban Do? Evidence from Intergovernmental Grants," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 48(3), February.

    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

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hcx:wpaper:0910. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Victor Matheson (email available below). General contact details of provider: https://edirc.repec.org/data/deholus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.