Fiscal Stimulus in a Monetary Union: Evidence from U.S. Regions

Fiscal
Written By Rowdy Ferret Design

Fiscal Stimulus in a Monetary Union: Evidence from U.S. Regions (with Emi Nakamura)

American Economic Review, 104(3), 753-792, March 2014.

Vox Article: Does Fiscal Stimulus Work in a Montary Union?

Data and Programs -- Technical Appendix -- Erratum -- How to Get Military Prime Contract Data

The response of output to state-level variation in prime military contract spending results in a local fiscal multiplier estimate of 1.5. This estimate suggests that the aggregate fiscal multiplier is large when monetary policy is unresponsive (e.g., at the zero lower bound).

Rowdy Ferret Design

Oakland based web designer and developer.

Loves long walks in the woods and barbeque.

http://rowdyferretdesign.com
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