全球智库信息集成服务系统(G2TT): Did the Stimulus Stimulate? Real Time Estimates of the Effects of the American Recovery and Reinvestment Act

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来源类型	Working Paper
规范类型	报告
DOI	10.3386/w16759
来源ID	Working Paper 16759
	Did the Stimulus Stimulate? Real Time Estimates of the Effects of the American Recovery and Reinvestment Act
	James Feyrer; Bruce Sacerdote
发表日期	2011-02-03
出版年	2011
语种	英语
摘要	We use state and county level variation to examine the impact of the American Recovery and Reinvestment Act on employment. A cross state analysis suggests that one additional job was created by each $170,000 in stimulus spending. Time series analysis at the state level suggests a smaller response with a per job cost of about $400,000. These results imply Keynesian multipliers between 0.5 and 1.0, somewhat lower than those assumed by the administration. However, the overall results mask considerable variation for different types of spending. Grants to states for education do not appear to have created any additional jobs. Support programs for low income households and infrastructure spending are found to be highly expansionary. Estimates excluding education spending suggest fiscal policy multipliers of about 2.0 with per job cost of under $100,000.
主题	Macroeconomics ; Fiscal Policy
URL	https://www.nber.org/papers/w16759
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/574434
推荐引用方式 GB/T 7714	James Feyrer,Bruce Sacerdote. Did the Stimulus Stimulate? Real Time Estimates of the Effects of the American Recovery and Reinvestment Act. 2011.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w16759.pdf（289KB）	智库出版物		限制开放	CC BY-NC-SA	浏览