Replication data for: Geographic Cross-Sectional Fiscal Spending Multipliers: What Have We Learned?

Principal Investigator(s): View help for Principal Investigator(s) Gabriel Chodorow-Reich

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Project Citation:

Chodorow-Reich, Gabriel. Replication data for: Geographic Cross-Sectional Fiscal Spending Multipliers: What Have We Learned? Nashville, TN: American Economic Association [publisher], 2019. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114700V1

Project Description

Summary: A geographic cross-sectional fiscal spending multiplier measures the effect of an increase in spending in one region of a monetary union. Empirical studies of such multipliers have proliferated. I review this research and what the evidence implies for national multipliers. Based on an updated analysis of the ARRA and a survey of empirical studies, my preferred point estimate for a cross-sectional multiplier is 1.8. The paper also discusses conditions under which the cross-sectional multiplier provides a rough lower bound for the national, no-monetary-policy-response multiplier. Putting these elements together, the cross-sectional evidence suggests a national no-monetary-policy-response multiplier of 1.7 or above.

Scope of Project

JEL Classification:
      E32 Business Fluctuations; Cycles
      E52 Monetary Policy
      E62 Fiscal Policy
      H54 National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock
      H76 State and Local Government: Other Expenditure Categories
      R53 Public Facility Location Analysis; Public Investment and Capital Stock

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Published Versions

V1 [2019-10-13]

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