The American Recovery and Reinvestment Act of 2009 (ARRA) contains a variety of provisions intended to boost economic activity and employment in the United States. Section 1512(e) of the law requires the author to comment on the reports filed by certain recipients of funding under ARRA that detail how many jobs were created or retained through funded activities. This report fulfills that requirement. It also provides estimates of ARRAAis overall impact on employment and economic output in the first quarter of calendar year 2010. Those estimates are based on evidence from similar policies enacted in the past and on the results of various economic models. Charts and tables.higher than those for spending and tend to grow over time.5 One pitfall of this approach is that the direction of ... see Lawrence Christiano, Martin Eichenbaum, and Sergio Rebelo, When Is the Government Spending Multiplier Large? ... 2009 ); Troy Davig and Eric M. Leeper, MonetaryaFiscal Policy Interactions and Fiscal Stimulus, Working Paper No. 15133 (Cambridge, Mass.: National Bureau of Economic Research, July 2009); and Robert E. Hall, By How Much Does GDP Rise If theanbsp;...
|Title||:||Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from January 2010 Through March 2010|
|Publisher||:||DIANE Publishing - 2010-11|