Do We Need a New Stimulus Package? Estimates of Spending and Tax Multipliers

Harvard economist Robert J. Barro discussed whether the government's enactment of the first stimulus package has reduced or increased private spending, whether public-sector hiring has lowered or raised private hiring, and whether an additional stimulus package should be enacted. He explained his recent research, which shows that, over five years, an extra $600 billion in public spending deters $900 billion in private spending.

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About the Author

 

Robert J.
Barro
  • Currently a professor of economics at Harvard University and a research associate of the National Bureau of Economic Research, Robert Barro is also coeditor of Harvard's Quarterly Journal of Economics. Mr. Barro has written extensively on macroeconomics and economic growth, and his research topics include empirical determinants of economic growth, the economic effects of public debt and budget deficits, as well as the formation of monetary policy. His current work focuses on two very different topics: the interplay between religion and political economy and the impact of rare disasters on asset markets. While at AEI, Mr. Barro will be exploring the effects of the stimulus bill on the U.S. economy.

  • Phone: 2028625903
    Email: robert.barro@aei.org
  • Assistant Info

    Name: Greg Lane
    Phone: 2028624879
    Email: greg.lane@aei.org

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Events Calendar
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    FRI
Wednesday, April 23, 2014 | 12:00 p.m. – 1:30 p.m.
Graduation day: How dads’ involvement impacts higher education success

Join a diverse group of panelists — including sociologists, education experts, and students — for a discussion of how public policy and culture can help families lay a firmer foundation for their children’s educational success, and of how the effects of paternal involvement vary by socioeconomic background.

Thursday, April 24, 2014 | 12:00 p.m. – 1:30 p.m.
Getting it right: A better strategy to defeat al Qaeda

This event will coincide with the release of a new report by AEI’s Mary Habeck, which analyzes why current national security policy is failing to stop the advancement of al Qaeda and its affiliates and what the US can do to develop a successful strategy to defeat this enemy.

Friday, April 25, 2014 | 9:15 a.m. – 1:15 p.m.
Obamacare’s rocky start and uncertain future

During this event, experts with many different views on the ACA will offer their predictions for the future.   

No events scheduled today.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.