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The Political Economy of Discretionary Spending: Evidence from the American Recovery and Reinvestment Act
Political Economy American Recovery
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2015/9/21
We study the spatial allocation of expenditures in the American
Recovery and Reinvestment Act (ARRA), one of the largest discretionary
funding bills in the history of the United States. Contrary
to...
Reassessing Discretionary Fiscal Policy
Fiscal Policy Discretionary
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2015/8/4
In 1992, President Bush proposed legislation intended to speed up the
recovery from the 1990-91 recession. Congress rejected this proposal for
countercyclical fiscal policy stimulus. In early 1993 P...
The Lack of an Empirical Rationale for a Revival of Discretionary Fiscal Policy
Empirical Rationale Discretionary Fiscal Policy
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2015/8/3
A decade ago in a paper, “Reassessing
Discretionary Fiscal Policy,” published in the
Journal of Economic Perspectives, I concluded
that “in the current context of the US economy, it
seems best to ...