Peter B. McCrory

Tradable Spillovers of Fiscal Policy: Evidence from the 2009 Recovery Act

July 22, 2020 • Working Papers • By Peter B. McCrory

Abstract Local fiscal policy shocks propagate between labor markets through the trade in intermediate goods used in final production. Through this channel, each $1 of local aid from the 2009…

Unemployment Effects of Stay-at-Home Orders: Evidence from High Frequency Claims Data

April 29, 2020 • Working Papers • By ChaeWon Baek, Peter B. McCrory, Todd Messer and Preston Mui

Abstract Epidemiological models projected that, without effective mitigation strategies, upwards of 2 million Americans were at risk of death from the COVID-19 pandemic. Heeding the warning, in mid-March 2020, state…