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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...
Quasi-linear preferences in the macroeconomy: Indeterminacy, heterogeneity and the representative consumer
Macroeconomic quasi linear preference heterogeneity and consumers
2015/7/21
Quasi-linear preferences in the macroeconomy: Indeterminacy, heterogeneity and the representative consumer.