This paper estimates the “jobs multiplier” of fiscal stimulus spending using the state-level
allocations of federal stimulus funds from the American Recovery and Reinvestment Act …

Public infrastructure investment often plays a prominent role in countercyclical fiscal policy.
In the United States during the Great Depression, programs such as the Works Progress …

This paper reviews the recent evolution of thinking and evidence regarding the effectiveness
of activist fiscal policy, including how policy multipliers might vary with respect to economic …

An empirical review of the three fiscal stimulus packages of the 2000s shows that they had
little if any direct impact on consumption or government purchases. Households largely …

This paper examines the response of safety net transfer and tax programs to earnings and
income shocks across recessions since the early 1980s. Safety net programs in the United …

Tonight I want to talk about fiscal policy—those decisions the government makes about
spending and taxes. The very first meeting I ever had with the President-Elect was on exactly …

We apply the regression kink design to the Swedish grant system and estimate causal
effects of intergovernmental grants on local public employment. Our robust conclusion is that …

Entrepreneurship, personal responsibility, and upward mobility: These traditions are at the
heart of the free enterprise system, and have long been central to America's exceptional …

We will shed some light on meaning of empirical estimates of the multiplier an their proper
use. On the general level, we will undertake a critique of the multiplier, explaining the role …

The conception of economics education implicit in the Voluntary National Content Standards
in Economics is fundamentally at odds with what ought to be a primary goal of a liberal …