Federal Reserve Bank of Richmond
Richmond Fed Economic Brief
Estimating Aggregate Fiscal Multipliers from Local Data
Variations among regions in their responses to economic policies can be used to estimate the effects of those policies at the national level while minimizing or eliminating issues of reverse causation. Recent research has employed county-level data to look at the effects of federal government spending — in particular, the 2009–12 stimulus — on aggregate consumption.
Cite this item
Bill Dupor & Marios Karabarbounis & Marianna Kudlyak & M. Saif Mehkari & David A. Price, "Estimating Aggregate Fiscal Multipliers from Local Data"
, Federal Reserve Bank of Richmond, Richmond Fed Economic Brief, issue May, pages 1-5, 2018.
Keywords: Consumer Spending; Fiscal Multiplier; Regional Variation; Heterogeneous Agents
This item with handle RePEc:fip:fedreb:00064
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