MIT: Independent Activities Period: IAP

IAP 2013



On measuring the effects of tax stimulus policy in recessions

Jonathan Parker, Professor of Finance

Jan/25 Fri 10:30AM-12:00PM E51-395

Enrollment: Unlimited: No advance sign-up

Going into the Great Recession, the profession lacked consensus on the efficacy of fiscal stimulus during recessions. This talk first critiques the two main methods by which macroeconomists infer the effects of fiscal stimulus on the economy, and then describes an example of using causal microeconomic evidence to discipline a model ready for sharpening macroeconomic inference. 

Sponsor(s): Economics
Contact: Kim Scantlebury, E52-252, 617 252-1565, KSCANTS@MIT.EDU