The Employment Effects of Fiscal Policy: How Costly Are ARRA Jobs?
F. Gerard Adams and
Byron Gangnes ()
No 201026, Working Papers from University of Hawaii at Manoa, Department of Economics
The American Recovery and Reinvestment Act was intended to stimulate the U.S.economy and to create jobs. But at what cost? In this paper, we discuss the range of potential benefits and costs associated with counter-cyclical fiscal policy. Benefits and costs may be social, macroeconomic, systemic, and budgetary. They may depend importantly on timing and implementation. There may be very different implications over the business cycle horizon and in the medium to long term. We use simulations of the IHS Global Insight macro-econometric model to evaluate some of these costs and benefits in the U.S. economy, looking specifically at the impact of the ARRA program and potential alternative policies.
Keywords: fiscal policy; employment; American Recovery and Reinvestment Act (ARRA); econometric model simulation. (search for similar items in EconPapers)
JEL-codes: E37 E62 E65 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://www.economics.hawaii.edu/research/workingpapers/WP_10-26.pdf First version, 2010 (application/pdf)
Working Paper: The Employment Effects of Fiscal Policy: How Costly are ARRA Jobs? (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:hai:wpaper:201026
Ordering information: This working paper can be ordered from
http://www.economics ... esearch/working.html
Access Statistics for this paper
More papers in Working Papers from University of Hawaii at Manoa, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Web Technician ().