Federal Stimulus Spending and the Private Sector: About this Lecture
Recent calls for increased government spending—particularly on infrastructure—invite the question: Are government expenditures an effective means of stimulating private economic activity? With the American Recovery and Reinvestment Act of 2009 as a backdrop, economist Bill Dupor answered this question. Dupor, an assistant vice president in Research at the St. Louis Fed, used historical data, case studies and recent academic research on the topic.
Cletus Coughlin, senior vice president and chief of staff to St. Louis Fed President and CEO James Bullard, opened the discussion by talking about different purposes of government spending.
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