SF Fed: fiscal stimulus had short term benefits
A San Francisco Federal Reserve paper published in September analyses the employment level following the enactment of the American Recovery and Reinvestment Act (ARRA) and finds that the fiscal stimulus spending had a mixed effect on different areas of the economy.
Daniel Wilson, the paper's author, measures the jobs multiplier of fiscal spending by estimating the relationship between state-level ARRA spending and the change in states' employment outcomes from February 2009 to June 2010. Wilson
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