Journal Article
A report on economic conditions in the Little Rock zone
Ricketts, Lowell R.; Arias, Maria A.; Kliesen, Kevin L.; Shell, Hannah; Eubanks, Daniel; McCrory, Peter B.; Neely, Michelle Clark; Cooke, Diana A. (2015-01)
Burgundy Books , Issue 1Q

Journal Article
A report on economic conditions in the Louisville zone
Ricketts, Lowell R.; Arias, Maria A.; Kliesen, Kevin L.; Shell, Hannah; Eubanks, Daniel; McCrory, Peter B.; Neely, Michelle Clark; Cooke, Diana A. (2015-01)
Burgundy Books , Issue 1Q

Journal Article
A report on economic conditions in the Little Rock zone
McCrory, Peter B.; Ricketts, Lowell R.; Arias, Maria A.; Neely, Michelle Clark; Kliesen, Kevin L.; Cooke, Diana A.; Eubanks, Daniel (2014-10)
Burgundy Books , Issue 4Q

Journal Article
A report on economic conditions in the St. Louis zone
McCrory, Peter B.; Ricketts, Lowell R.; Arias, Maria A.; Neely, Michelle Clark; Kliesen, Kevin L.; Cooke, Diana A.; Grover, Sean P. (2014-07)
Burgundy Books , Issue 3Q

Journal Article
A report on economic conditions in the Memphis zone
McCrory, Peter B.; Ricketts, Lowell R.; Arias, Maria A.; Neely, Michelle Clark; Kliesen, Kevin L.; Cooke, Diana A.; Grover, Sean P. (2014-07)
Burgundy Books , Issue 3Q

Journal Article
A report on economic conditions in the Little Rock zone
Ricketts, Lowell R.; Arias, Maria A.; Kliesen, Kevin L.; Shell, Hannah; Eubanks, Daniel; McCrory, Peter B.; Neely, Michelle Clark; Cooke, Diana A. (2015-04)
Burgundy Books , Issue 2Q

Working Paper
The Local-Spillover Decomposition of an Aggregate Causal Effect
McCrory, Peter B.; Ebsim, Mahdi; Dupor, Bill; Conley, Timothy G.; Li, Jingchao (2021-05-12)
This paper presents a method to decompose the causal effect of government defense spending into: (i) a local (or direct) effect, and (ii) a spillover (or indirect) effect. Each effect is measured as a multiplier: the unit change in output of a one unit change in government spending. We apply this method to study the effect of U.S. defense spending on output using regional panel data. We estimate a positive local multiplier and a negative spillover multiplier. By construction, the sum of the local and spillover multipliers provides an estimate of the aggregate multiplier. The ...
Working Papers , Paper 2021-006

Working Paper
A Cup Runneth Over: Fiscal Policy Spillovers from the 2009 Recovery Act
McCrory, Peter B.; Dupor, Bill (2014-10-22)
This paper studies the effects of interregional spillovers from the government spending component of the American Recovery and Reinvestment Act of 2009 (the Recovery Act). Using cross-county Census Journey to Work commuting data, we cluster U.S. counties into local labor markets, each of which we further partition into two subregions. We then compare differential labor market outcomes and Recovery Act spending at the regional and subregional levels using instrumental variables. Our instrument is the sum of spending by federal agencies not instructed to allocate Recovery Act funds according to ...
Working Papers , Paper 2014-29

Journal Article
A report on economic conditions in the Little Rock zone
McCrory, Peter B.; Ricketts, Lowell R.; Arias, Maria A.; Neely, Michelle Clark; Kliesen, Kevin L.; Cooke, Diana A.; Grover, Sean P. (2014-07)
Burgundy Books , Issue 3Q

Journal Article
A report on economic conditions in the Memphis zone
Ricketts, Lowell R.; Arias, Maria A.; Kliesen, Kevin L.; Shell, Hannah; Eubanks, Daniel; McCrory, Peter B.; Neely, Michelle Clark; Cooke, Diana A. (2015-01)
Burgundy Books , Issue 1Q