ABSTRACT

COVID-19 Fiscal Multiplier: Lessons from the Great Recession   [open pdf - 0B]

From the Document: "The United States enacted a series of fiscal relief and stimulus bills in recent weeks, centered around the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The current fiscal response shares key similarities to the fiscal stimulus enacted during the Great Recession. Research over the past 10 years on the macroeconomic impact of that stimulus thus has important implications for the current fiscal response. The results point to a large potential impact on GDP [gross domestic product]."

Report Number:
FRBSF Economic Letter 2020-13; Federal Reserve Bank of San Francisco Economic Letter 2020-13
Author:
Publisher:
Date:
2020-05-26
Series:
Copyright:
Federal Reserve Bank of San Francisco
Retrieved From:
Federal Reserve Bank of San Francisco: https://www.frbsf.org/
Media Type:
application/pdf
URL:
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