Date of This Version
fiscal policy, economic stimulus, unemployment, jobs
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.
Working Paper Number
Baumann, Robert; Engelhardt, Bryan; and Matheson, Victor, "The Great Macroeconomic Experiment: Assessing the Effects of Fiscal Stimulus Spending on Employment Growth" (2009). Economics Department Working Papers. Paper 33.