Estimating Aggregate Fiscal Multipliers from Local Data

Bill Dupor, Marios Karabarbounis, Marianna Kudlyak, M. Saif Mehkari () and David A. Price

Richmond Fed Economic Brief, 2018, issue May

Abstract: 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.

Keywords: Consumer Spending; Fiscal Multiplier; Regional Variation; Heterogeneous Agents (search for similar items in EconPapers)
Date: 2018
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