Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October 2011 Through December 2011¶
Congressional Budget Office. (2012). Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October 2011 Through December 2011.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Domain-specific¶
- Fiscal Multiplier
- At the zero lower bound on nominal interest rates, where monetary policy cannot offset the fiscal impulse by raising rates, multipliers estimated for the 2009 American Recovery and Reinvestment Act ranged from 0.5 to 2.5 for direct government purchases, 0.4 to 2.2 for infrastructure transfers, and 0.4 to 2.1 for transfers to individuals, while high-income tax cuts carried multipliers near 0.3
This sourceCBO's table of estimated output multipliers by ARRA component, the source of each range the sentence gives - 0.5 to 2.5 for federal purchases, 0.4 to 2.2 for infrastructure transfers, 0.4 to 2.1 for transfers to individuals, and 0.1 to 0.6 for a tax cut to higher-income people; CBO does not condition these estimates on the zero lower bound.
- At the zero lower bound on nominal interest rates, where monetary policy cannot offset the fiscal impulse by raising rates, multipliers estimated for the 2009 American Recovery and Reinvestment Act ranged from 0.5 to 2.5 for direct government purchases, 0.4 to 2.2 for infrastructure transfers, and 0.4 to 2.1 for transfers to individuals, while high-income tax cuts carried multipliers near 0.3
Verification¶
This reference passed the adversarial substantiation pipeline: it was checked to exist and to support the claim it is attached to. See how references were verified.
Registry ID ref:19470280f6aa · see in the full table