Marglin, StephenSpiegler, Peter M.2018-06-222015Marglin, Stephen A, and Peter M Spiegler. 2015. Did the States Pocket the Obama Stimulus Money: Lessons from Cross-Section Regression and Interviews with State Officials. Political Economy Research Institute (PERI) of the University of Massachusetts Amherst Working Paper 371.http://nrs.harvard.edu/urn-3:HUL.InstRepos:37146961This paper deploys cross-section regressions and open-ended interviews to assess the impact of grants to the states under the Obama stimulus (ARRA) of 2009-2011. Contrary to John Taylor and John Cogan (Taylor 2011a, b; Cogan and Taylor 2012), who conclude that the states saved rather than spent the grants, we estimate that approximately two-thirds of every ARRA dollar was spent by the states and one-third saved.en-USResearch Paper or Report2016-02-02Stephen A Marglin and Peter M Spiegler