Arbeitspapier
On the ease of overstating the fiscal stimulus in the US, 2008-9
This note shows that the aggregate fiscal expenditure stimulus in the United States, properly adjusted for the declining fiscal expenditure of the fifty states, was close to zero in 2009. While the Federal government stimulus prevented a net decline in aggregate fiscal expenditure, it did not stimulate the aggregate expenditure above its predicted mean. We discuss the implications of limitations on states' ability to run deficits for the design of fiscal stimulus at the federal level. We devote particular attention to intertemporal moral hazard concerns in a federal fiscal system, and ways to address these concerns.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 664
- Classification
-
Wirtschaft
Fiscal Policy
Financial Aspects of Economic Integration
Intergovernmental Relations; Federalism; Secession
- Subject
-
fiscal union
federal fiscal expenditure
fiscal policy
moral hazard
- Event
-
Geistige Schöpfung
- (who)
-
Aizenman, Joshua
Pasricha, Gurnain Kaur
- Event
-
Veröffentlichung
- (who)
-
University of California, Economics Department
- (where)
-
Santa Cruz, CA
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Aizenman, Joshua
- Pasricha, Gurnain Kaur
- University of California, Economics Department
Time of origin
- 2010
Other Objects (12)
On the ease of overstating the fiscal stimulus in the US, 2008-9
Net fiscal stimulus during the great recession
The net fiscal expenditure stimulus in the U.S., 2008-9: Less than what you might think, and less than the fiscal stimuli of most OECD countries
The fiscal stimulus of 2009-10: Trade openness, fiscal space and exchange rate adjustment
The fiscal stimulus of 2009-10: Trade openness, fiscal space and exchange rate adjustment
De facto fiscal space and fiscal stimulus: Definition and assessment
De facto fiscal space and fiscal stimulus: Definition and assessment
Fiscal fragility: What the past says about the future
Fiscal fragility: what the past may say about the future
The impossible trinity - from the policy trilemma to the policy quadrilemma
The impossible trinity (aka the policy Trilemma): The encyclopedia of financial globalization
The Political Economy of the Covid-19 Fiscal Stimulus Packages of 2020
On the ease of overstating the fiscal stimulus in the US, 2008-9
Net fiscal stimulus during the great recession
The net fiscal expenditure stimulus in the U.S., 2008-9: Less than what you might think, and less than the fiscal stimuli of most OECD countries
The fiscal stimulus of 2009-10: Trade openness, fiscal space and exchange rate adjustment
The fiscal stimulus of 2009-10: Trade openness, fiscal space and exchange rate adjustment
De facto fiscal space and fiscal stimulus: Definition and assessment
De facto fiscal space and fiscal stimulus: Definition and assessment
Fiscal fragility: What the past says about the future
Fiscal fragility: what the past may say about the future
The impossible trinity - from the policy trilemma to the policy quadrilemma
The impossible trinity (aka the policy Trilemma): The encyclopedia of financial globalization
The Political Economy of the Covid-19 Fiscal Stimulus Packages of 2020
On the ease of overstating the fiscal stimulus in the US, 2008-9
Net fiscal stimulus during the great recession
The net fiscal expenditure stimulus in the U.S., 2008-9: Less than what you might think, and less than the fiscal stimuli of most OECD countries
The fiscal stimulus of 2009-10: Trade openness, fiscal space and exchange rate adjustment
The fiscal stimulus of 2009-10: Trade openness, fiscal space and exchange rate adjustment
De facto fiscal space and fiscal stimulus: Definition and assessment
De facto fiscal space and fiscal stimulus: Definition and assessment
Fiscal fragility: What the past says about the future
Fiscal fragility: what the past may say about the future
The impossible trinity - from the policy trilemma to the policy quadrilemma
The impossible trinity (aka the policy Trilemma): The encyclopedia of financial globalization