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

Robert Baumann (), Bryan Engelhardt and Victor Matheson

No 910, Working Papers from College of the Holy Cross, Department of Economics

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.

Keywords: fiscal policy; economic stimulus; unemployment; jobs (search for similar items in EconPapers)
JEL-codes: E12 E13 E32 E62 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2009-07
New Economics Papers: this item is included in nep-mac
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