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June 6, 2024
Scientific integrity and U.S. “Billion Dollar Disasters”
Abstract For more than two decades, the U.S. National Oceanic and Atmospheric Administration (NOAA) has published a count of weather-related disasters in the United States that it estimates have exceeded one billion dollars (inflation adjusted) in each calendar year starting in 1980. The dataset is widely cited and applied in research, assessment and invoked to…
October 23, 2023
Spatial Spillovers and the Effects of Fiscal Stimulus: Evidence from Pandemic-Era Federal Aid for State and Local Governments
Abstract We analyse whether US federal aid to state and local governments impacted economic activity through either direct or cross-state spillover effects during the COVID-19 pandemic. Deploying an instrumental-variables framework rooted in the funding advantage of states that are over-represented in Congress, we find that federal assistance had significantly less impact on state and local…