Document Type

Working Paper

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


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Economics Commons



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