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Excess Capacity and Heterogeneity in the Fiscal Multiplier: Evidence from the Obama Stimulus Package
Capacity Heterogeneity
2015/9/21
We estimate local multipliers from the ARRA (Obama stimulus) bill using cross-county variation
in expenditure. We use within-state variation, and include other demographic controls as well
as a pred...
REBALANCING CHINA’S ECONOMY—MODELING A POLICY PACKAGE
China rebalancing pattern of growth model saving investment
2009/1/16
This paper discusses how China can rebalance its pattern of growth by implementing a package of policies. We first characterize the distinct features of China’s pattern of growth and the specific poli...