Multipliers and the effectiveness of government policies

June 4, 2020

By Byron Gangnes, Rachel Inafuku, and Peter Fuleky The economic shutdown in Hawaii and elsewhere due to the novel coronavirus has led to sharp reductions in employment and private spending, as well as historically large government fiscal responses. Analysis of the effects of changes in government spending and employment policies requires estimates of how much […]

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Coastal armoring and sinking property values: the case of seawalls in California

Rising sea levels necessitate careful consideration of different forms of coastal protection but cost-benefit analysis is limited when important non-market social costs have not been measured. Seawalls protect individual properties but can potentially impose negative externalities on neighboring properties via accelerated beach loss. We conduct a hedonic valuation of seawalls in two coastal California counties: […]

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