Fiscal Stimulus in a Monetary Union: Evidence from U.S. Regions
---- Acknowledgements ----
We thank Nicolas Crouzet, Shaowen Luo and Thuy Lan Nguyen for excellent research assistance. We thank Steve Davis, Gauti Eggertsson, Jordi Gali, Erik Hurst, Karel Mertens, Marcelo Moreira, James Stock, Ivan Werning, Michael Woodford, Pierre Yared, Motohiro Yogo and seminar participants at various institutions for helpful comments and conversations. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.