Macroeconomic Frameworks — by Alan J. Auerbach, Yuriy Gorodnichenko, Daniel Murphy

We link detailed data on defense spending, wages, hours, employment, establishments, and GDP across U.S. cities to study the effects of fiscal stimulus. Our small-open-economy empirical setting permits us to estimate key macroeconomic outcomes and elasticities, including the responses of the labor share and the labor wedge to demand shocks and the elasticity of output … Read moreMacroeconomic Frameworks — by Alan J. Auerbach, Yuriy Gorodnichenko, Daniel Murphy

All Medicaid Expansions Are Not Created Equal: The Geography and Targeting of the Affordable Care Act — by Craig Garthwaite, John A. Graves, Tal Gross, Zeynal Karaca, Victoria R. Marone, Matthew J. Notowidigdo

We use comprehensive patient-level discharge data to study the effect of Medicaid on the use of hospital services. Our analysis relies on cross-state variation in the Affordable Care Act’s Medicaid expansion, along with within-state variation across ZIP Codes in exposure to the expansion. We find that the Medicaid expansion increased Medicaid visits and decreased uninsured … Read moreAll Medicaid Expansions Are Not Created Equal: The Geography and Targeting of the Affordable Care Act — by Craig Garthwaite, John A. Graves, Tal Gross, Zeynal Karaca, Victoria R. Marone, Matthew J. Notowidigdo