Conference Agenda
Overview and details of the sessions of this conference.
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Some information on the session logistics:
If not stated otherwise, the discussant is the following speaker, with the first speaker being the discussant of the last paper. The last speaker of each session is the session chair. (Exception: invited sessions)
Presenters should speak for no more than 20 minutes, and discussants should limit their remarks to no more than 5 minutes. The remaining time should be reserved for audience questions and the presenter’s responses. We suggest following these guidelines also in the (less common) 3-paper sessions in a 2-hour slot, to allow participants to move between sessions. Discussants are encouraged to avoid summarizing the paper. By focusing on a few questions and comments, the discussants can help start a broader discussion with the audience.
Only registered participants can attend this conference. Further information available on the congress website https://www.iseg.ulisboa.pt/en/event/iipf/ .
Venue address: ISEG - Lisbon School of Economics & Management, R. Francesinhas 21, 1200-675 Lisboa, Portugal
Please note that all times are shown in the time zone of the conference. The current conference time is: 17th Sept 2026, 11:39:33am WEST
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Daily Overview |
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F11: Fiscal Multipliers, Employment, and Business Cycles Location: Room 112 (Francesinhas 1) | |
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Subnational Fiscal Policies and Jobs Hunter College, United States of America How effective are subnational fiscal policies at creating jobs? While traditional arguments assign the stabilization function to the central government, states are often involved either through funds provided by the central government (grants) or through their use of their own revenue sources. Following a recent macroeconomic literature that has estimated “regional multipliers” (essentially a Keynesian multiplier for subnational regions) this paper follows and expands on this literature by estimating the impact of grants, rainy-day funds, and state deficits on state employment. The results show a significant multiplier for grants and rainy-day funds that varies according to the source of funds and whether the labor market is in a slack or boom situation. Estimates for the grant variable suggest that during high unemployment times additional grants will stimulate employment at a cost of about $55,000 per job.
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