What are the employment impacts of fiscal stimulus spending? Daniel Wilson examines this complex question in "Fiscal Spending Jobs Multipliers: Evidence from the 2009 American Recovery and Reinvestment Act."
Economists are often skeptical about the economic benefits of hosting "mega-events" such as the Olympic Games or the World Cup. On the other hand, policy-makers and the general population are typically enthusiastic about such events. To reconcile these positions, Andrew Rose and Mark Spiegel delve further into the issue by examining the impact of these "mega-events" on trade in their paper, "The Olympic Effect."
Do hours worked rise or fall when techology improves? John Fernald examines this long-debated issue in "Trend Breaks, Long-Run Restrictions, and the Contractionary Effects of Technology Improvements".
"Beggar Thy Neighbor? The In-State versus Out-of-State Impact of State R&D Tax Credits," by Dan Wilson, assesses the effectiveness of state R&D tax credits in stimulating R&D within a state and asks whether such credits impose a negative externality on other states' R&D spending. The findings suggest these credits are effective but impose large externalities, raising doubts about their efficacy from a national policy standpoint.Go to CSIP Research »